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A spokesperson for the Qatari Ministry of Foreign Affairs stated that the US sanctions against Iran are unilateral, and Qatar supports efforts to resolve the issue through mediation.A joint statement from the Israel Defense Forces and the Security Directorate stated that they attacked and destroyed five Hamas weapons storage facilities and one rocket launch site in the Gaza Strip.On August 25th, a new restriction was added to the investment scope of wealth management funds: investment in non-standard consumer loan assets is prohibited. "We have received a notice from our superiors saying that investment in non-standard consumer finance assets is no longer allowed," said an investment manager at a city commercial banks wealth management company. "Currently, no new investments are allowed; existing assets will naturally mature," another investment manager at a joint-stock banks wealth management company confirmed. Several industry insiders stated that the investigation of a loan facilitation platform in the first half of this year necessitates a reassessment of the risks associated with non-standard consumer loan assets. Others indicated that similar requirements existed at the beginning of the year and have been implemented for some time. However, this investment restriction does not mean a complete ban on consumer finance assets within the wealth management industry. Related information shows that consumer loan ABS is currently unaffected and not included in the investment restrictions.Market news: Thai officials say the US Navy aircraft carrier USS Abraham Lincoln will dock in Thailand next week, after being deployed to the war zone with Iran.A power outage occurred at the Shimkent oil refinery in Kazakhstan, but production was not affected.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.