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On June 22, according to materials reviewed by CNBC, SpaceX has signed a significant computing power partnership agreement with Reflection AI, making the open-source AI startup the latest external company to integrate with Elon Musks Colossus infrastructure. Under the agreement, Reflection will immediately gain access to Nvidias GB300 chips and has agreed to pay SpaceX $150 million per month from July 1, 2026, to 2029. If the agreement is fully executed, the total payments will reach approximately $6.3 billion. Either party can terminate the contract three months after it takes effect, provided they give 90 days notice.According to CNBC, SpaceX (SPCX.O) has signed a computing power agreement with US AI startup Reflection, with the deal potentially worth up to $6.3 billion.On June 22, ASEAN Secretary-General Kao Kim Hong stated at the Jakarta Forum celebrating the 5th anniversary of the establishment of the China-ASEAN comprehensive strategic partnership that, facing increasingly complex global challenges, ASEAN and China should continue to deepen cooperation and make greater contributions to regional and global peace, prosperity, and sustainable development. Kao believes that, looking to the future, ASEAN and China should focus on advancing cooperation in five key areas: maintaining peace and stability, strengthening digital transformation and innovation, deepening energy cooperation, enhancing resilience against transnational threats, and promoting people-to-people connectivity. He stated that a more robust ASEAN-China partnership must be future-oriented, pragmatic, inclusive, and always people-centered. Chinese Ambassador to ASEAN Wang Qing said that China is willing to expand cooperation with ASEAN in areas such as the digital economy, artificial intelligence, clean energy, the blue economy, agriculture, and climate change response, promoting innovation and green development so that all countries in the region can share the opportunities of modernization and sustainable development.U.S. stocks continued their decline, with the Nasdaq falling 1.00%.SpaceX (SPCX.O) shares fell for the third consecutive trading day, with the intraday decline widening to 10%.

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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