Binance Recovery Fund Worth  Billion, Crypto Daily TV 11/25/2022

Binance Recovery Fund Worth $1 Billion, Crypto Daily TV 11/25/2022

From Todays Headline TV CryptoDaily News:

Binance is targeting a $1 billion recovery fund.

Binance is targeting $1 billion or more for a previously announced stimulus fund to buy struggling crypto assets, CEO Changpeng “CZ” Zhao said in an interview. The fallout from FTX’s bankruptcy was deeply felt across the industry, leading other companies like lender BlockFi to prepare for bankruptcy.

Global regulators will target crypto platforms after FTX crash.

FTX exchange crash has made regulation of the crypto sector more urgent and targeting these ‘conglomerate’ platforms will be a focus for 2023, new IOSCO chairman says on securities Global Securities in an interview.

Singapore opens fraud investigation on crypto exchange Hodlnaut.

Singapore police have opened an investigation into struggling crypto exchange Holdnaut. The police’s white-collar division is investigating allegations of cheating and fraud by the company and its directors, according to reports.

BTC fell 0.3% against the USD in the last session.

The Bitcoin-Dollar pair fell 0.3% in the last session after rising 1.0% during the session. The stochastic indicator gives a positive signal. Support is at 15979.6667 and resistance is at 16995.6667.

The stochastic indicator gives a positive signal.

ETH/USD surged 1.1% in the last session.

The Ethereum-Dollar pair rose 1.1% in the last session after gaining as much as 2.7% during the session. The CCI gives a positive signal. Support is at 1107.2967 and resistance at 1228.3767.

The CCI is currently in positive territory.

XRP/USD soared 5.2% in the last session.

The Ripple-Dollar pair exploded 5.2% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 0.3633 and resistance is at 0.3914.

The Stochastic-RSI signals an overbought market.

LTC/USD plunged 1.4% in the last session.

The Litecoin-Dollar pair fell 1.4% in the last session. The stochastic indicator is giving a positive signal, which matches our overall technical analysis. Support is at 64.6033 and resistance at 89.1033.

The stochastic indicator is currently in positive territory.

Daily economic calendar:

DE Gfk Consumer Confidence Survey

The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending. The Gfk German Consumer Confidence Survey will be released at 07:00 GMT, German Gross Domestic Product at 07:00 GMT and French Consumer Confidence at 07:45 GMT.

DE Gross Domestic Product

Gross domestic product is a measure of the total value of all goods and services produced by a country. GDP is considered a broad measure of economic activity and health.

EN Consumer confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

IT Business Trust

Business Confidence is a survey of current business conditions. It indicates the short-term performance of the overall economy. Italian Business Confidence will be released at 09:00 GMT, Singapore Industrial Production at 05:00 GMT and Japan’s Jobs-to-Applicants Ratio at 23:30 GMT.

SG Industrial Production

Industry is a basic category of business activity. Changes in the volume of physical output of the country’s factories, mines and utilities are measured by the index of industrial production.

Ratio JP Jobs / Candidates

The job-to-applicant ratio published by the Japan Institute of Labor is obtained by dividing monthly active job vacancies by monthly active applications.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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