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On August 14th, it was reported that in July, the China Securities Regulatory Commission (CSRC) approved nine Qualified Foreign Institutional Investors (QFIIs), bringing the total number of approved QFIIs this year to 69, bringing the total number of QFIIs in the market to 999. The CSRCs list of Qualified Foreign Institutional Investors shows that in July, the CSRC approved the following companies for QFII status: Engis Pension Plan Pte Ltd, Lingoto Investment Management Pte Ltd, Shengbang Hengchang Properties (Singapore) Pte Ltd, Faucet Management Pte Ltd, China Gas Yuanbang Petrochemical Co., Ltd., Singapore Teris Pte Ltd, Dexin Asset Management Pte Ltd, Diaqihua Pte Ltd, and Ruimu Investment Management Pte Ltd.On August 14th, Moons Dark Side issued a statement saying that it has reported to the public security authorities any activities involving fraudulent fundraising and suspected illegal activities using the companys name. The company will not tolerate such behavior and will pursue the matter to the end.On August 14th, the Wuxi Meteorological Observatory upgraded its heavy rain orange alert to an orange level at 18:27. Heavy rain is expected in most parts of Wuxi, especially in southern Yixing, Huangxiang and Huishan subdistricts of Liangxi District, and Huazhuang and Taihu subdistricts of Xinwu District, with some areas experiencing torrential rain. The 24-hour cumulative rainfall in some areas is expected to exceed 200 mm. In accordance with the "Wuxi Flood and Drought Relief Emergency Plan," and based on comprehensive assessment by the citys flood control headquarters, a Level II flood control emergency response was activated citywide at 18:00 on August 14th.August 14th - Robots are rapidly "entering factories to work," and capital is betting heavily on this sector. In the first half of 2026, the total financing amount in Chinas embodied intelligence sector exceeded 93.5 billion yuan, a five-fold increase year-on-year.On August 14th, affected by heavy rainfall brought by the remnants of Typhoon Dolphin (No. 13), the water level of Taihu Lake rose to 4.20 meters at 15:40, exceeding the warning level (3.80 meters) by 0.40 meters. According to the "National River Basin Flood Classification Regulations (Trial Implementation)," a major basin-wide flood has occurred in the Taihu Lake basin. Forecasts indicate that moderate to heavy rain will continue in the basin for the next two days, with the highest water level of Taihu Lake expected to exceed 4.30 meters, and water levels in some surrounding river networks exceeding the warning level. The Ministry of Water Resources upgraded the flood control emergency response for the Taihu Lake basin from Level IV to Level III at 18:00 on August 14th.

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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