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On September 9th, Foreign Ministry Spokesperson Mao Ning held a regular press conference. An AFP reporter asked about the US cybersecurity company Califs claim that it had developed a hacking tool capable of infiltrating the WeChat platform, and that the alleged security risks had been fixed. What is the Foreign Ministrys comment on this? Mao Ning replied, "I am not very familiar with the company you mentioned."On September 9th, Foreign Ministry Spokesperson Mao Ning hosted a regular press conference. A reporter asked: We have noticed some recent voices hyping up the idea that China is "removing the ladder" from other developing countries, arguing that China is only focused on its own development and has pulled away the "ladder" for the development of other developing countries. What is the spokespersons comment on this "ladder-removing theory"? Mao Ning stated that China has never removed the "ladder" for the development of any country, but rather is committed to building it. Through high-quality joint construction of the Belt and Road Initiative, we help participating countries address their infrastructure shortcomings. We provide cost-effective industrial equipment and technological products, share experience and technology, and help developing countries reduce their industrial development costs. Mao Ning emphasized that self-reliance and helping others are the core values of Chinas foreign cooperation, and the so-called "ladder-removing" argument has no place in developing countries. China will always uphold the concept of mutual benefit, win-win cooperation, and common development, acting as a trustworthy partner for developing countries and contributing to the revitalization of the global South through its own development.September 9th – On September 9th, Foreign Ministry Spokesperson Mao Ning hosted a regular press conference. A reporter from Japan Broadcasting Corporation (NHK) asked, “The 18th BRICS Summit will be held in India this weekend. Who will lead the Chinese delegation?” Mao Ning replied, “We will release information on this matter promptly. You can stay tuned.”UN Special Envoy: We condemn the Houthi attacks on Saudi civilian and infrastructure, economic and energy facilities.A memo from the lead underwriters indicates that Amazons (AMZN.O) first-ever sterling bond issuance is now open for subscription.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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