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On April 4th, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement announcing that its Navy and Aerospace Forces launched the 95th wave of Operation True Commitment 4 that morning. The statement indicated that a US HIMARS rocket artillery system on Bubiyan Island in Kuwait, a US Patriot missile system in northern Bahrain, a US Navy Mark missile launch array, a gathering place for senior US commanders and instructors in the Al Dafra region of the UAE, and a US Oracle company target in the UAE were all destroyed in the operation. An Israeli-owned merchant ship flying a third-country flag was also heavily attacked by the Iranian Navy in the port of Salman, Bahrain. Furthermore, Iranian missiles launched heavy strikes from multiple locations in Israel, including Bunnebula, Petah Tikwa, and Tel Aviv. This round of operations is still ongoing.The UAE Ministry of Defense stated that its air defense system responded to the 23 ballistic missiles and 56 drones launched by Iran today.On April 4th, German Foreign Minister Waldfol called on the EU to abolish the principle that decisions require unanimous consent from all member states in order for the EU to "truly grow." In an interview published on the 4th by the German Funke Media Group, Waldfol proposed abolishing the principle of unanimous consent in foreign and security policy formulation before the next European Parliament elections, so that the EU can "better act internationally and truly grow." Regarding the reasons for this suggestion, Waldfol said, "All our experiences in recent weeks regarding aid to Ukraine and sanctions against Russia show that this should be done." Since the escalation of the Ukraine crisis on February 24, 2022, Hungary has frequently disagreed with most EU countries on its policies towards Russia and Ukraine, opposing sanctions against Russia, Ukraines accession to the EU, and the provision of military aid to Ukraine. On March 19th of this year, Hungarian Prime Minister Viktor Orbán blocked the EU from providing a €90 billion aid loan to Ukraine at the EU summit.On April 4th, it was reported that Shanghai officially issued the "Several Measures of Shanghai Municipality on Supporting the Development of the Game and Esports Industry" (hereinafter referred to as the "Shanghai Ten Measures for Games"). These measures focus on ten aspects: industry clustering, overseas expansion services, original high-quality products, technological empowerment, international cooperation, ecosystem improvement, cross-industry integration, financial support, talent cultivation, and esports level enhancement. They propose a series of substantial financial support policies, with the highest single support amount reaching 5 million yuan.Israel Defense Forces: A missile launched from Iran has been detected heading towards Israeli territory. Defense systems are operational to intercept the threat.

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.