Mango Markets To Return Stolen Funds, Crypto Daily TV 21/10/2022

In Todays Headline TV CryptoDaily News:

Crypto asset manager Valkyrie lost the biggest investor in its funding round.

Months after announcing it had raised $11.15 million, crypto asset manager Valkyrie Investments earlier this month revealed – quietly – that the biggest participant in the funding round reneged, leaving Valkyrie scrambling to find others to fill the gap.

Bitcoin Undervalued by On-Chain Metric

Bitcoin is trading at a historical discount while battling macro hurdles, CoinDesk Markets analyst Glenn Williams Jr. writes.

Mango Markets will start returning stolen funds.

Mango Markets, the decentralized crypto exchange which suffered an exploit earlier this month, will soon start returning the funds stolen during the $114 million exploit.

The last session saw BTC drop 0.6% against USD.

The last session saw the Bitcoin fall 0.6% against the Dollar. The RSI’s negative signal is in line with the overall technical analysis. Support is at 189341 and resistance is at 194601.

The RSI is currently in negative territory.

ETH/USD fell 0.3% in the last session.

The Ethereum-Dollar pair dropped 0.3% in the last session. The RSI’s negative signal is in line with the overall technical analysis. Support is at 1262.7733 and resistance is at 1324.7533.

The RSI is currently in the negative zone.

XRP/USD plummeted 3.0% in the last session.

The Ripple-Dollar pair dove 3.0% in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.4357 and resistance is at 0.474.

The Stochastic indicator is giving a negative signal.

LTC/USD saw a minor rise of 0.1% in the last session.

The Litecoin-Dollar pair gained 0.1% in the last session after rising as much as 2.1% during the session. The CCI’s positive signal contradicts our overall technical analysis. Support is at 50.0667 and resistance is at 52.4467.

The CCI is giving a positive signal.

Daily Economic Calendar:

US Monthly Budget Statement

The Monthly Budget Statement summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. The US Monthly Budget Statement will be released at 18:00 GMT, Japan’s CFTC JPY NC Net Positions at 19:30 GMT, and the UK’s Retail Sales at 06:00 GMT.

JP CFTC JPY NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

UK Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

EMU Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.  The Eurozone’s Consumer Confidence will be released at 14:00 GMT, the Belgian Consumer Confidence Index at 09:00 GMT, the UK’s Public Sector Net Borrowing at 06:00 GMT.

BE Consumer Confidence Index

Consumer Confidence captures the sentiment that individuals have regarding economic activity. A high level of consumer confidence indicates a stronger economy.

UK Public Sector Net Borrowing

The Net Borrowing captures the amount of new debt held by the U.K. government, i.e., the fiscal deficit in the UK national accounts.

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