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On July 14th, United Microelectronics Corporation (UMC), Taiwans second-largest semiconductor foundry, announced on Tuesday that it has achieved mass production of its first batch of silicon photonics wafers at its Singapore plant. UMC stated that this move aims to meet the growing demand for high-speed optical interconnects in data center networks for artificial intelligence and hyperscale cloud service providers. UMC stated that it collaborated with Singapore-based fabless chip design company SILITH Technology, completing the transformation of its silicon photonics platform from R&D to mass production readiness in just 18 months, providing related technical support for next-generation AI infrastructure. UMC also plans to open its self-developed 12-inch silicon photonics platform to customers for product development by 2027. Analysts at Citigroup expressed optimism about UMCs business prospects for the second half of this year, predicting that the companys sales in the second quarter of 2026 will increase by 13% quarter-on-quarter, and gross margin will also recover. UMCs June sales increased by 22.85% year-on-year to NT$23.12 billion (approximately US$719.2 million); cumulative sales for the first half of the year increased by 11.28% year-on-year.July 14th - The 2026 World Artificial Intelligence Conference will be held in Shanghai from July 17th to July 20th. Xizhi Technology will launch the worlds first integrated edge computing box based on a hybrid optoelectronic computing chip – TianShu·Optical Cube – at the conference. This product integrates an optical computing chip, CPU, memory, active cooling, and a full-interface system, enabling out-of-the-box deployment. Currently, this product has been commercially deployed in real-world, high-frequency civilian scenarios, supporting AI tasks such as facial recognition.Ericssons CFO stated that the construction of AI infrastructure will put greater pressure on component prices in the second half of 2026. Chips, ASICs, memory, and other components will face price pressure. Restructuring, including layoffs, will continue for the remainder of this year.Kazakhstans oil and gas condensate production fell 8.4% to 45.7 million tons from January to June.July 14 – Samsung SDI announced on Tuesday that its battery system for uninterruptible power supplies (UPS) has passed fire safety testing conducted by UL Solutions, a global safety certification organization. This milestone is expected to enhance its competitiveness in the growing artificial intelligence (AI) data center market. UPS systems provide immediate backup power during power outages or voltage fluctuations, and are critical infrastructure for maintaining the stable operation of AI data centers and other facilities requiring uninterrupted power.

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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