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Japanese Prime Minister Sanae Takaichi: Canadian crude oil arrived in Japan today, the first time since the deterioration of the situation in the Middle East.August 12th - According to the Financial Times, Ukrainian officials stated that Ukraine has ceased its intensive drone attacks on oil tankers using key Black Sea ports following a request from US Vice President Vance at the end of last month. Washington was reportedly shocked, as Ukraines attacks on tankers transporting crude oil from Kazakhstan to the Caspian Pipeline Union (CPC) terminal in Novorossiysk, Russia, further destabilized the oil market and harmed the interests of US companies. According to Ukrainian officials and other informed sources, Vance requested a halt to the attacks during a phone call with Ukrainian President Zelensky on July 31st. According to official sources and the Financial Times analysis of publicly available information, Ukraine has not attacked oil tankers near the Caspian Pipeline Union (CPC) terminal since then. Officials stated that Ukraine has agreed not to target Caspian Pipeline Union (CPC) infrastructure or non-Russian vessels, provided these vessels are not subject to Ukrainian sanctions and are not carrying Russian oil or other Russian goods. A senior Ukrainian official stated, "We listened very seriously to our US partners." He added that Kyiv has established relevant "mechanisms" at the request of the US.On August 12th, shares of South Korean chipmakers rose after media reports that Temasek Holdings planned to invest in their stocks. Samsung Electronics and SK Hynix shares surged by over 8% at one point, boosted by a report in the Asia Business Daily that Temasek had contacted South Korean investors regarding potential investments in Samsung and SK Hynix. It is understood that Temasek Holdings is considering the timing of the investment and plans to invest directly through its internal investment team. The South Korean KOSPI index also rose by approximately 5% as a result. In July, these chipmakers shares suffered a sharp sell-off as market concerns about the rapid pace of artificial intelligence infrastructure development led to the liquidation of leveraged positions. Recently, the shares have begun to rebound as market attention has shifted to the companies planned shareholder return policies.According to the Wall Street Journal, Japanese self-driving startup Turing plans to set up an office in the United States, aiming for a $10 billion IPO valuation.According to the Financial Times, US Vice President Vance has called on Ukraine to stop attacking oil tankers using Russian ports.

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.