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On October 12, according to US media reports, US Navy officials said on the same day that the US Navy dismissed the commander of the USS Wyoming (SSBN 742) ballistic missile nuclear submarine this week. The US Navy issued a statement saying that the commander of the Navys 10th Submarine Squadron, Rear Admiral Bob Worth, dismissed Lieutenant Commander Robert Moreno, who led the "Blue" crew of the USS Wyoming nuclear submarine, because of "loss of confidence in his command ability." US media said that the military usually removes commanders from their posts due to loss of confidence, but does not provide specific reasons for dismissal. The US Navys statement did not provide more information about the decision to remove Moreno, and a Navy spokesman declined to provide further details. The statement read: "Navy commanders must adhere to high standards of personal and professional conduct. They should uphold the highest standards of responsibility, reliability and leadership, and if they fail to meet these standards, the Navy will hold them accountable."According to TASS: Russian air defense forces shot down 32 Ukrainian drones at night.On October 12th, French Prime Minister Jean-Claude Le Cornu, who was reappointed by French President Emmanuel Macron as Prime Minister on October 11th local time, stated during a visit to a police station in the Paris suburbs that he currently only wants to focus on resolving Frances political crisis. Given the deep political divisions within Frances political parties, he could be impeached by the National Assembly at any time. Le Cornu declined to specify when he would form a new government or its potential composition, but did indicate that it would not include anyone interested in running in the 2027 presidential election.On the evening of October 12th, local time, Wilders, leader of the far-right Dutch Freedom Party, posted on social media that the Dutch National Intelligence Service had officially informed him that he was being targeted by a terrorist organization. As a result, he had decided to suspend all campaign activities. The Netherlands is set to hold parliamentary elections on October 29th, and Wilderss far-right Freedom Party is currently leading in opinion polls. According to multiple European media reports, the terrorist organization also orchestrated the recent attack on Belgian Prime Minister Thomas de Weve. The Belgian government has arrested two suspects in connection with the case.On October 12, according to the Russian Satellite News Agency, the Afghan Ministry of Defense issued a statement saying that in response to repeated Pakistani airspace incursions and airstrikes, Afghanistan had carried out retaliatory operations against Pakistani security forces along the border. The statement said, "The operation successfully concluded at midnight." The report also warned that "if Pakistan violates Afghan airspace again, the Afghan armed forces will resolutely retaliate to defend the border." Reports indicate that Afghanistan began striking Pakistan on the evening of October 11 in response to attacks in Kabul and Paktika Province in the early morning hours of the 10th. According to Afghanistans Dawn News Network, the conflict between Afghanistan and Pakistan has resulted in the deaths of 12 Pakistani soldiers. Reuters also reported that Pakistani security officials alleged that the Afghan side launched unprovoked attacks, with the two sides exchanging fire at more than six locations along the border.

Cardano Set To Form New Lows After Invalidating 41% Rally

Jimmy Khan

Jun 29, 2022 14:58

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Cardano is at a pivotal point with the Vasil hard fork, and in order to capitalize on it, ADA will need to generate more demand than it is currently witnessing.


Following the negative trend of the overall market, ADA is presently closer to the bottom than it is to the peak.

Will ADA soar or crash and burn?

In the event of such important updates, the blockchain or protocol often experiences an increase in demand prior to the execution. In the specific situation of Cardano, this is accurate.


Due to the enormous purchase demand from investors in September 2021, ADA managed to reach its all-time high before the Alonzo hard fork arrived.


This time around, though, the same is not being noticed. Investors may be concerned about a repetition of the past since Vasil essentially just enhances the smart contracts function, despite its importance.


ADA has not been able to bounce back from the roughly 30% decline it saw this month, despite the talk in the community. The cryptocurrency barely gained 9.52 percent from its lows before tumbling once again to its current trading price of $0.47.


However, this may also be seen as a business opportunity. Vasil brings a lot to the table, thus its influence can make the price movement more positive and make the present trading price a good entry opportunity.


Vasil could wind up being just the boost the Relative Strength Index needs as it is now teetering on the brink of the positive zone.

A second chance for investors

Investor participation has undoubtedly been deterred by the general market bearishness, and this is evident from the on-chain statistics as well. The daily transaction decreased from $18.9 billion to roughly $7.5 billion during the last 30 days.


This was inevitable given the decline in both the number of transactions and the number of active addresses. However, if Vasil keeps its word, things may get better from here on out.