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

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 In Todays Headline TV CryptoDaily News:

Binance targets $1B recovery fund.

Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpeng “CZ” Zhao said in an interview. The fallout of FTX’s bankruptcy has been felt deeply across the entire industry, leading to other companies like lender BlockFi reportedly preparing for bankruptcy.

Global regulators to target crypto platforms after FTX crash.

The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such ‘conglomerate’ platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview.

Singapore starts fraud investigation into crypto exchange Hodlnaut.

Singapore police have started an investigation into the troubled crypto exchange Holdnaut. The white-collar division of the police force is looking into allegations of cheating and fraud by the company and its directors, according to reports.

BTC fell 0.3% against USD in the last session.

The Bitcoin-Dollar pair dropped 0.3% in the last session after rising as much as 1.0% during the session. The Stochastic indicator is giving a positive signal. Support is at 15979.6667 and resistance is at 16995.6667.

The Stochastic indicator is giving a positive signal.

ETH/USD exploded 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 is giving a positive signal. Support is at 1107.2967 and resistance is at 1228.3767.

The CCI is currently in the positive zone.

XRP/USD skyrocketed 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 is signalling an overbought market.

LTC/USD dove 1.4% in the last session.

The Litecoin-Dollar pair plummeted 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 is 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. Germany’s Gfk Consumer Confidence Survey will be released at 07:00 GMT, Germany’s Gross Domestic Product at 07:00 GMT, and the French Consumer Confidence at 07:45 GMT.

DE Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

FR Consumer Confidence

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

IT Business Confidence

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

SG Industrial Production

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

JP Jobs / Applicants Ratio

The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active applications.

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