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The chart shows that at 22:00 Beijing time on July 20, there will be large foreign exchange options contracts for the Euro, Swiss Franc, Australian Dollar, New Zealand Dollar, and Japanese Yen expiring, including 7 contracts with strike prices exceeding 1 billion. Please manage your risks.Futong Technology (00465.HK) surged more than 70% in the afternoon.According to Irans Mehr News Agency, the Bushehr region of Iran has been attacked.On July 20th, Rainer Guntermann, interest rate strategist at Commerzbank, stated in a report that rising oil prices have made another European Central Bank (ECB) rate hike in September a possibility, and the market has fully priced in this expectation. ECB President Christine Lagarde is likely to take a hawkish stance on inflation risks. However, given the increasing headwinds to economic growth, the current situation remains highly uncertain, and Lagarde is unlikely to commit to a September rate hike ahead of schedule.On July 20th, UK-based startup CuspAI launched the "AI Materials Foundry" alliance, bringing together over 48 tech giants, industrial companies, and research institutions, including Nvidia, Meta, and Hyundai Motor. The alliance aims to integrate computing and research resources to develop software that helps researchers develop new materials for chipmakers and other industries faster and at a lower cost than existing methods. To achieve this goal, CuspAI has raised $450 million in Series B funding from investors including Bezos Fund. CuspAI co-founder and CEO Chad Edwards stated that the majority of the funds will support R&D labs built with partners in Cambridge, Singapore, and the San Francisco Bay Area. He noted that 80% of the companys research investment this year will be focused on materials discovery. He added that one of the companys goals is to reduce or completely eliminate the use of rare metals with supply chain risks, such as ruthenium and iridium, in chip manufacturing.

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.


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