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On July 26th, Tesla (TSLA.O) shares fell nearly 20% this week, closing at $313.03 per share, marking its biggest weekly drop since 2022; SpaceX (SPCX.O) closed at $115.07 per share, its lowest level since its IPO last month. Data from the Bloomberg Billionaires Index shows that Elon Musks personal wealth evaporated by approximately $130 billion (about 880 billion yuan) in just five trading days, just weeks after he became the first person in history to surpass a trillion-dollar net worth. Musk himself jokingly referred to himself as a "(former) trillionaire" on social media.Conflict Update: 1. Houthi rebels claim to have struck Saudi Arabia twice in one day. 2. Saudi Arabia confirms coalition strikes against Houthi rebels in Yemen. 3. Houthi rebels claim to have struck a southern Saudi city. 4. Lebanon claims Israeli military action caused a powerful explosion in the countrys south. 5. Sources say missiles that attacked a Saudi oil refinery were intercepted. 6. After 13 consecutive nights of strikes against Iran, the US military has not announced any further airstrikes against Iran. 7. Houthi spokesperson: The maritime blockade is the first step in a "blockade for blockade" operation. 8. Zelensky: Ukraine attacked ships carrying Iranian military supplies in the Caspian Sea. 9. Security sources: Iraqi air defenses shot down a drone near the US consulate in Erbil. 10. Two Yemeni military officials say the Yemeni air force struck Houthi missile and drone launch sites along the front lines in Marib and Jawf provinces. 11. UK Maritime Trade Organization: Received a report on Friday of an incident involving an oil tanker and military forces in the Gulf of Oman. 12. Trump: If we dont get 100% what we want, we will consider resuming a full-scale war. 13. Iranian Revolutionary Guard: The number of American deaths in Operation Victory 2 exceeds 200. US-Iran Negotiations 1. US President Trump: The Iranian side is currently in contact with us, but I dont think they are ready to reach an agreement. 2. It is reported that negotiations between Oman and Iran have made progress, and Trump called a halt to the strikes against Iran on Friday. Strait of Hormuz 1. US Central Command: The US maritime blockade against Iran remains fully enforced. As of July 25, 12 merchant ships attempting to break the blockade have been forced to change course, 2 disobedient vessels have had their navigation capabilities disabled, and 2 vessels have been boarded for inspection to ensure full compliance. 2. US Central Command: On July 24, measures were taken in the Gulf of Oman to stop the Mozambican-flagged oil tanker "Lavine" from sailing. 3. Spokesperson for the Iranian Parliaments National Security Committee: The main point of contention between Iran and the United States is the Strait of Hormuz. The strait will never return to its pre-war state. Other developments: 1. Iranian official: The Ghoshka facility is "currently empty." 2. Bahrain and Kuwait were reported to have secretly launched airstrikes against Iran; Kuwait denied this. 3. Israeli forces launched a large-scale manhunt in the West Bank, detaining more than 70 Palestinians. 4. The US and UK plan to hold a meeting on the Strait of Hormuz issue to promote the formation of a Hormuz maritime security coalition. 5. According to Irans Press TV: Following Yemens attack on oil refineries, large-scale queues for refueling have appeared across Saudi Arabia. 6. Qatars Ministry of Transport: From July 26, all types of maritime transport and shipping activities will fully resume. 7. Qatars Ministry of Foreign Affairs: The Prime Minister and Foreign Minister confirmed the need for all parties to commit to implementing the memorandum of understanding between Washington and Tehran. 8. A spokesperson for the Iranian Revolutionary Guard stated that if Britain supports the US in the war, it will become a clear and legitimate target. 9. A drone crashed near the residence of Israeli National Security Minister Ben-Gevil in Hebron; there were no casualties. 10. Iran: Sold a total of $18 billion worth of oil during the war and ceasefire.Ukrainian Air Force: Russian forces are attacking Kyiv with ballistic missiles.U.S. Central Command: Earlier today, the U.S. military completed an inspection and boarding of the Comoros-flagged oil tanker “Charminar” in the Arabian Sea. The tanker has now continued its voyage.According to the Iranian Students News Agency, Iraqi sources say that several violent explosions and widespread fires have occurred at the Jambul oil field in Iraqs Kirkuk province.

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.