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

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

In today’s Headline TV CryptoDaily News:

Binance is targeting a $1 billion 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 from FTX’s bankruptcy has been deeply felt across the industry, leading other companies, such as lender BlockFi, to reportedly prepare for bankruptcy.

Global Regulators Target Crypto Platforms After FTX Crash.

The crash of the FTX exchange has given greater urgency to regulating the crypto sector and targeting such “conglomerate” platforms will be the focus for 2023, the new chairman of global securities watchdog IOSCO said in an interview.

Singapore starts fraud investigation into crypto exchange Hodlnaut.

Singapore police have launched an investigation into troubled crypto exchange Holdnaut. The police white-collar division is investigating allegations of deceit and fraud by the company and its directors, reports show.

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

The Bitcoin-Dollar pair fell 0.3% in the last session, after rising as much as 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 exploded 1.1% in the last session.

The Ethereum-Dollar pair was up 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 is at 1228.3767.

The CCI is currently in the positive zone.

XRP/USD shot up 5.2% in the last session.

The Ripple-Dollar pair exploded by 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 signaling 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 gives a positive signal, which is consistent with 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:

THE Gfk Consumer Confidence Survey

The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity and is therefore an indicator of consumer spending. The German Gfk consumer confidence survey is released at 07:00 GMT, the German gross domestic product at 07:00 GMT and the 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.

FR Consumer confidence

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

IT business trust

The Business Confidence is an overview of current business conditions. It reflects the short-term performance of the overall economy. Italy’s Business Confidence is 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 activities. Changes in the volume of physical production of the country’s factories, mines and utilities are measured by the industrial production index.

JP Job / applicant ratio

The ratio of jobs to applicants, released by the Japan Institute of Labor, is obtained by dividing monthly active vacancies by monthly active applications.

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

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