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On June 17th, Alipay issued a statement noting the appearance of "AI-powered Alipay beta test invitation codes" being traded on some online platforms. Alipay reminds users that it has never authorized any third party to sell beta test invitation codes for profit. Alipays AI-powered invitation codes are free to obtain and can be acquired through free sharing by activated users. Alipay is also gradually expanding the scope of its AI-powered invitation testing to allow more users to participate; please be vigilant and discerning.On June 17, Ding Xiangqun, Director of the State Financial Regulatory Commission, stated that the Commission will strictly enforce market discipline, thoroughly rectify disorderly competition, severely crack down on financial black and gray industries, firmly promote the integration of reporting and implementation in the insurance industry, effectively safeguard the order of the financial market, urge financial institutions to firmly establish correct business, performance, and risk perspectives, improve governance mechanisms, strengthen incentives and constraints, and shift from pursuing speed and scale to focusing on quality and efficiency.Pan Gongsheng, governor of the Peoples Bank of China, said that the short-term interest rate control mechanism will be improved.The "Shanghai International Financial Center Development Offshore Finance Action Plan" was officially released.According to the official measurement of the China Earthquake Networks Center, a 4.1-magnitude earthquake occurred at 10:06 on June 17 in Haixi Prefecture, Qinghai Province (37.85 degrees north latitude, 95.55 degrees east longitude), with a focal depth of 10 kilometers.

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.