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August 31 – According to the Associated Press, U.S. Treasury Secretary Scott Bessant said on Sunday that the Trump administration plans to impose sanctions on another bank this week to crack down on transactions related to Iran. Bessant will meet separately with finance officials from major and developing economies during the G20 summit to push for economic isolation of Iran. Bessant said, “If necessary, we will resort to financial violence. We are letting people know that we know who you are, and you know who you are, and this must stop.”UDI Robotics announced on the Hong Kong Stock Exchange that it plans to issue 45 million H shares for its Hong Kong listing, with an issue price between HK$14.45 and HK$19.55 per share, and trading is expected to begin on September 9.Conflict Updates: 1. Yemeni armed forces intercepted Iranian cargo destined for the Houthi rebels in the Red Sea. 2. UK Maritime Security Information Agency: An oil tanker was attacked in the Strait of Hormuz. 3. US officials stated they observed the Iranian Revolutionary Guard preparing to launch mines into the Strait of Hormuz. 4. US officials: US forces attacked southern Iranian islands to prevent them from laying mines. 5. Iranian Revolutionary Guard: The attack on Larak Island resulted in multiple injuries; the aggressors will be punished. 6. Explosions were heard in Jordan; the Iranian Revolutionary Guard claimed to have launched missiles at US bases. Other Events: 1. A senior Syrian official visited Libya for the first time in 14 years; the Syrian embassy resumed operations. 2. The Iranian Navy Commander refuted Trumps claims, stating that the Iranian Navy remains combat-ready. 3. Greece is reportedly planning to sign a $3.4 billion air defense agreement with Israel. 4. Irans Supreme Leader: The way to resolve regional issues lies in unity. 5. According to IRNA: The Iranian President will visit Kyrgyzstan on Monday. 6. US media: Senior US military officials advised Hegerseth that a large-scale operation against Iraq is unsustainable. 7. Pakistani Foreign Ministry: The first meeting of the Mecca Agreement Strategic Political and Defense Committee will be held in Istanbul on August 31.On August 31, Russian Presidential Press Secretary Dmitry Peskov stated on the 30th that Russia remains open to holding peace talks with Ukraine in Turkey, but the conditions for resuming talks are not yet in place. According to TASS, Peskov said that Russia remains open to Russia-Ukraine peace talks, "but unfortunately, we cannot say that the preconditions (for continuing negotiations) are met at present, because these conditions simply do not exist." Peskov also emphasized that if the presidents of Russia, the United States, and Ukraine hold a trilateral meeting, its purpose will only be to finalize an agreement, which will not be a "simple deal" but will inevitably go through a very complex process involving numerous details.Brent crude oil has returned to the $90/barrel mark, rising 2.3% on the day.

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.