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The South Korean presidential office stated that Iran has expressed interest in the matter and is seeking clarification regarding reports of South Koreas involvement in the Strait of Hormuz.The South Korean presidential office stated that South Korea and France were discussing contributions to the security of the Strait of Hormuz, not the deployment of troops.On September 9th, sources familiar with the matter revealed that Project Braid, the AI cloud project undertaken by Googles parent company Alphabet (GOOG.O) in partnership with Blackstone Group (BX.N), has encountered delays in data center construction. The $5 billion project, invested in by Blackstone, plans to lease computing resources powered by Googles AI chips to customers by 2027. Sources indicated that Google had previously planned to have AI data center developer Crusoe build the data center in Cheyenne, Wyoming, but subsequently cancelled the arrangement and took over the project, reapplying for the necessary permits. Sources stated that Google lost confidence in Crusoes ability to deliver the project on schedule. Crusoe previously gained attention for its involvement in OpenAI and Oracles flagship "Stargate" data center project in Texas. Furthermore, another data center site selection has been affected by a lack of necessary transformers. Currently, AI data center construction faces bottlenecks such as insufficient power supply and approval delays. Project Braids head stated that the project is still progressing and plans to provide 500 megawatts of computing capacity next year.September 9th - It was learned from the United States on September 8th local time that the US military struck targets near Irans Kharg Island and the port city of Jask. An anonymous senior US official stated that the targets included Iranian oil tankers. On the evening of the 8th local time, Iranian sources reported that an Iranian oil tanker was attacked by US missiles about four miles from Kharg Island. Local sources stated that there were no casualties and the tankers crew was being evacuated. Relevant departments are investigating the specific circumstances of the incident.U.S. officials say that in response to Iran’s repeated missile attacks on U.S. Navy warships, the U.S. military has struck several Iranian oil tankers linked to the Iranian Revolutionary Guard.

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.