Author

admin

Browsing

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) announces a capital raising of $4 million, comprising the issue of 66,666,667 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per Share.

Highlights

– Binding Commitments to raise $4 million

– Placement oversubscribed

– Issue price of $0.06 per share, a 50% premium to recent Entitlements Issue on 7 August 2024

– Funds will be used to further progress the CERENERGY(R) and Silumina AnodesTM Projects

This price is a premium of 50% of the issue price to the Company’s shareholders in the recent Entitlement Offer conducted on 7 August 24. Participants in the placement will also receive free attaching listed options (ASX:ATCOC) of 1 option for every 1 share issued with an exercise price of $0.06 and expiry date of 31 December 2025.

It is proposed that the Shares and Options under the Placement will be issued on 22 November 2024 and will be issued out of the Company’s available capacity under Listing Rules 7.1.

The Placement was managed by Evolution Capital. The costs associated with the Placement was a 6% fee on all funds raised. Evolution Capital will also receive 8,000,000 ATCOC options for managing the Placement.

The funds raised under the Placement will be used for:

– Securing project finance and bank due diligence process

– Securing offtake for CERENERGY(R) project

– CERENERGY(R) environmental and project permitting

– Completion of fabrication of second 60kWh battery prototype for CERENERGY(R) project

– Finalise commissioning of the Silumina AnodesTM pilot plant

– Preliminary assessment into a 4 GWh factory (Giga factory)

– Corporate costs and working capital.

Managing Director Mr Iggy Tan stated ‘We are encouraged by the strong market interest in our current initiatives. In August 2024, we conducted an Entitlements Issue at $0.04 per share that provided our existing shareholders with a fair opportunity to participate previously. The current placement at $0.06 per share represents a 50% premium over the recent Entitlements Issue price and Altech does not intend to conduct another Entitlement Issue at the higher price.

This capital raise comes at an exciting juncture for Altech as it advances the commercialisation of its 120MWh CERENERGY(R) battery project and nears commissioning of the Silumina Anodes(TM) pilot plant. A portion of the funds will also be allocated to a preliminary study for a larger 4 GWh battery facility, marking the next significant step towards commercialisation’.

To view the intended use of funds for the $4M raised, please visit:
https://abnnewswire.net/lnk/7B3ZY5B0

About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Senate Democrats are rushing to confirm as many of President Biden’s judicial picks as possible ahead of a Trump presidency, according to reports. Several of the nominees have previously come under fire by Republicans.

Democrats so far have confirmed 215 of Biden’s judicial picks, and the Senate most recently confirmed Jonathan E. Hawley as a U.S. District Judge for the Central District of Illinois Wednesday. 

He was confirmed in a 50-46 vote. 

However, Biden’s confirmation numbers continue to trail President-elect Trump’s 234 confirmations during his first term, including three to the U.S. Supreme Court. 

Democrats on the Senate Judiciary Committee have been vocal in recent days about prioritizing judicial confirmations during the lame-duck session, tweeting Wednesday, ‘We’re going to confirm every possible federal judge in the lame-duck session.’

Along with Hawley’s confirmation this week, the Senate also confirmed April M. Perry to be a U.S. District Court Judge for the Northern District of Illinois, while Democrats also moved Embry Kidd’s nomination process forward to serve as a circuit court judge for the 11th Circuit. 

Several of Biden’s nominees, however, have come under Republican fire during hearings. 

Kidd, a district judge in the Middle District of Florida, made headlines this summer after he failed to disclose on his questionnaire at least two child sex-related cases he ruled on and later had his rulings reversed, according to a report by the Washington Examiner.

Anthony J. Brindisi, a former Democratic representative who serves on the New York State Court of Claims in Utica, New York, and was tapped by Biden in July, was the target of various lines of questioning in which he attempted to frame himself as a jurist versus a politician. 

‘On the bench, are you a politician or a judge?’ Tennessee Republican Sen. Marsha Blackburn asked him during the hearing. 

‘I’m a judge, senator,’ Brindisi responded. 

Despite Democrats’ efforts to kick judicial confirmations into high gear, Senate Democrats have expressed concern over Senate Judiciary Chairman Dick Durbin’s ability to block Trump’s judicial agenda once he takes over the Oval Office in January, according to a recent report by Axios. 

The report said multiple Democrats cited Durbin’s age as a major factor. Durbin is 79 years old. 

‘Sen. Durbin has successfully led the Judiciary Committee for the past four years as chair — leading to 215, and counting, lifetime judges confirmed during the Biden administration,’ Durbin’s office told Fox News Digital in a statement. ‘And as a senior Democratic member of the committee during the first Trump administration, Sen. Durbin served as a crucial voice pushing back against the unqualified Trump judicial nominees. Simply put, he’s been an outstanding chair and stands ready to continue to lead his colleagues as ranking member in the 119th Congress.’

Senate Minority Whip John Thune, R-S.D., who will be the new Republican Senate leader after he won in a secret ballot Wednesday, will serve a crucial role in advancing Trump’s judicial agenda in the Senate. Thune wrote in an op-ed earlier this week that Senate Republicans will work with the president-elect to confirm his nominees and pass ‘our shared agenda.’ 

‘As Congress returns to Washington, we must prepare the Senate to advance that agenda legislatively and ensure that the president-elect can hit the ground running with his appointees confirmed as soon as possible,’ Thune wrote. 

Trump took to social media Sunday to voice his opinion on the matter, writing, ‘Additionally, no Judges should be approved during this period of time because the Democrats are looking to ram through their Judges as the Republicans fight over Leadership. THIS IS NOT ACCEPTABLE. THANK YOU!’

‘In his first term, President Trump appointed constitutionalist judges who interpret the law as written. He will do so again,’ Brian Hughes, Trump-Vance transition spokesperson, told Fox News Digital in a statement. 


This post appeared first on FOX NEWS

The Biden administration is facing backlash after it was revealed on social media that a top official would be participating in a two-day forum hosted by a group with deep ties to the Chinese Communist Party (CCP).

U.S. Ambassador to China Nicholas Burns will be a keynote speaker at the 5th US-China Hong Kong Forum starting Friday, which is being hosted by the China-United States Exchange Foundation (CUSEF), according to the group’s website.

Burns’ decision to speak there has sparked criticism from China experts, including one expert who told Fox News Digital that Burns is ‘legitimizing Beijing’s malign influence.’

‘Both Mao Zedong and Xi Jinping have called the united front a ‘magic weapon.’ It’s highly deceptive because it allows the Chinese Communist Party to advance its interests in America with American voices,’ said Michael Sobolik, author of ‘Countering China’s Great Game: A Strategy for American Dominance.’

‘If you want to understand Beijing’s long game, look no further. They cultivate relationships with strategically placed Americans to parrot CCP propaganda under the guise of free speech,’ Sobolik, a Senior Fellow in Indo-Pacific Studies at the American Foreign Policy Council, added. 

‘By attending this conference, Amb. Burns is legitimizing Beijing’s malign influence. He should be calling it out and blunting it.’

‘Especially bad decision on the eve of the Hong Kong 47 pro democracy activists scheduled for sentencing,’ U.S. Director of the Committee for Freedom in Hong Kong Jonathan Stivers posted on X. ‘State Dept. should be sanctioning HK officials not joining their conference.’

Fox News Digital has previously reported on CUSEF’s ties to the CCP and its president, James Chau, who ‘joined CUSEF in 2018’ and was ‘working with its founder The Hon. Tung Chee-hwa’ before he became the group’s president in 2023, according to his CUSEF bio.

Fox News Digital has extensively reported on Tung Chee-hwa, who served as a vice chair of the Chinese People’s Political Consultative Conference (CPPCC), a key part of the CCP’s united front system, which operates to advance the CCP’s interests at home and abroad.

One report details how Julia Wilson, a Black public relations consultant, was paid over $1 million by Chee-hwa’s CUSEF to help the Chinese government learn about Black Americans and gain influence with historically black colleges and universities and Black leaders. 

‘In 2009, the former chief executive of Hong Kong [Tung Chee-hwa] visited me in my office with his staff from the China-United States Exchange Foundation, and they wanted to know how we got a Black president,’ Wilson, whose office is across the street from the White House, told college students during a 2017 presentation. ‘They were saying, ‘We don’t know anything about Black people. So can you write us a white paper and share it with us? How did Black people get enough power to vote a Black man into office?’ So they really needed an overview of our history. Who are we? Who are African Americans?’

CUSEF’s most recent annual report, which was published in July, reveals how the ‘independent, non-profit and non-governmental foundation’ is heavily influenced by the CCP, ranging from advisers and partners to donors. 

One of the top partners of CUSEF is the People’s Association for Friendship with Foreign Countries, which was previously labeled as a ‘Beijing-based organization tasked with co-opting subnational governments’ and seeking to ‘directly and malignly influence state and local leaders to promote the PRC’s global agenda,’ according to a 2022 report from the Biden administration’s Director of National Intelligence (DNI).

Another partner on CUSEF’s annual report is the China Ministry of Foreign Affairs, an instrumental part of the CCP’s apparatus that regularly coordinates with top CCP branches and leaders, according to its website. Other partners include top Chinese and American universities like Princeton, Georgetown, Harvard and Columbia. Sidwell Friends School, the elite private school where former President Obama’s daughters and President Biden’s grandchildren attended, was also on the list.

In addition to Burns, several other former U.S. officials are scheduled to participate in the forum, including former President Obama’s ambassador to China, Max Baucus, and Rick Waters, who served as the top China policy official in Biden’s State Department.

Baucus, a longtime friend and former Senate colleague of Biden, has extensive ties to China through his institute, which Fox News Digital previously reported was funded by a Chinese company whose founder has deep ties to the CCP and was recognized as the party’s ‘National Outstanding Communist Party Member’ in 2021. His institute’s China study-abroad program is also almost fully funded by CUSEF, according to its website.

Baucus also met with Hunter Biden, who boasted that he had a ‘very good relationship’ with Baucus, and his Chinese business associates on multiple occasions, according to emails previously reported by Fox News Digital.  

Several of CUSEF’s donors, who include Chinese billionaires, also have CCP ties. Wang Jianlin, the billionaire chair of the Wanda Group, is a CCP member and served in the 17th National Congress of the Communist Party of China. He is also a longtime member of the CPPCC. Bernard Chan, another donor listed in CUSEF’s annual report, appears to be the same Bernard Chan who served as the Hong Kong Deputy to the National People’s Congress of the People’s Republic of China, the highest organ of state power in the CCP, for 15 years.

Multiple members of CUSEF’s governing board also have CCP ties, including Peter Woo, who is currently a member of the Standing Committee of the 11th CPPCC. Liu Changle, the founder of the Chinese state-owned Phoenix Satellite Television, also has several CCP ties, according to CUSEF’s website.

The White House, State Department and CUSEF did not respond to Fox News Digital’s requests for comment.

Fox News’ Jessica Chasmar contributed reporting.


This post appeared first on FOX NEWS

A woman reportedly told the House Ethics Committee that she had sexual relations with Rep. Matt Gaetz, R-Fla., when she was 17 years old.

ABC News reported on Thursday that the woman testified to the committee in its investigation into Gaetz, which has now ceased after House Speaker Mike Johnson, R-La., announced that Gaetz resigned from Congress on Wednesday.

Gaetz told Fox News Digital in response to the new report, ‘These allegations are invented and would constitute false testimony to Congress. This false smear following a three-year criminal investigation should be viewed with great skepticism.’

The resignation announcement came hours after President-elect Donald Trump tapped Gaetz to be his attorney general.

The chief counsel for the House Ethics Committee declined to comment when asked by Fox News Digital.

Fox News Digital also reached out to Gaetz’s congressional office for comment.

The Department of Justice (DOJ) had previously spoken to the woman, now in her twenties, according to ABC, as part of its years-long investigation into Gaetz related to accusations of sex trafficking and obstruction of justice.

The DOJ ultimately did not press charges, and Gaetz has consistently denied all wrongdoing.

The woman was subpoenaed by the House Ethics Committee over the summer, the report said.

The panel was expected to meet soon and potentially release a report on its investigation into Gaetz, but now that he resigned, the committee has lost jurisdiction over the matter.

The report could still be released, though it would break committee precedent.

But it could come out if Gaetz goes through the Senate confirmation process to lead the department that once investigated him.

Sen. John Cornyn, R-Texas, a senior member of the Senate Judiciary Committee, suggested he’d want to see the report.

‘I think there should not be any limitation on the Senate Judiciary Committee’s investigation, including, whatever the House ethics committee has generated,’ he told reporters.


This post appeared first on FOX NEWS

President-elect Trump selected Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services (HHS). 

‘I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health,’ Trump said in his announcement Thursday. 

‘The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country. Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!’ Trump added.

The announcement comes just over a week after Trump won back the presidency.

Kennedy thanked Trump on X shortly after, vowing to ‘Make America Healthy Again’ and ‘end to the chronic disease epidemic.’

‘Together we will clean up corruption, stop the revolving door between industry and government, and return our health agencies to their rich tradition of gold-standard, evidence-based science. I will provide Americans with transparency and access to all the data so they can make informed choices for themselves and their families,’ he wrote. 

RFK Jr. joined the 2024 campaign cycle as a candidate for the Oval Office. Kennedy, who is the son of former U.S. Attorney General Robert F. Kennedy, dropped out of the presidential election in August after initially running as a Democrat, before he switched to an independent run. 

He endorsed Trump shortly after suspending his campaign, hitting the campaign trail for the Trump-Vance ticket while touting his plans to ‘Make America Healthy Again’ under a potential Trump presidency. 

He also spoke during Trump’s historic Madison Square Garden rally last month, where he unleashed on the current state of the Democratic Party. 

‘The Democratic Party is the party of war. It’s the party of the CIA. You had Kamala Harris giving a speech at the Democratic convention that was written by neocons. It was belligerent, pugnacious. It talked about domination of the world by the United States through our weapons of war. It’s the party today that wants to divide Americans. It’s a party that is dismantling women’s sports by letting men play women’s sports,’ he said. 

‘It’s the party of Wall Street. It’s the party of Bill Gates, who just gave $50 million to Harris. It’s the party, and the Harris campaign is very proud that it received the endorsement of 50 former CIA agents and officers and of John Bolton and of Dick Cheney.’ 

Kennedy was asked about his potential role in the next White House and whether he would begin ‘clearing out the top level federal service workers that are currently at the FDA and the CDC.’

He continued, ‘In some categories, their entire departments, like the nutrition department in the FDA, they have to go. They’re not doing their job. They’re not protecting our kids. Why do we have Froot Loops in this country that have 18 or 19 ingredients, and you go to Canada, and it’s got two or three?’ 

This isn’t the first time Kennedy was considered for a Cabinet position for a presidential administration. Back in 2008, then-President-elect Barack Obama reportedly strongly considered naming Kennedy to lead the Environmental Protection Agency, Politico reported at the time.  

Trump believes Matt Gaetz will be confirmed, Karoline Leavitt says

Transition team spokesperson Karoline Leavitt joined Fox News earlier Thursday, where she noted more Cabinet picks would likely be announced later that afternoon, and also noted that Kennedy is a ‘once in a generation thought leader’ who would likely be offered a position in the administration. 

‘Certainly President Trump wants to find a place for RFK JR. He has made that very clear throughout the campaign. RFK JR. is a once in a generation thought leader. He’s an independent mind, a critical thinker. We definitely need more of that in Washington, D.C. As for his specific position, I’ll let President Trump announce that. But RFK Jr will focus in the Trump administration on making America healthy again. That’s another promise that President Trump made on the campaign trail and with an appointment of RFK JR. to whatever position President Trump decides. That promise will be delivered upon,’ Leavitt said. 

Earlier this week, Kennedy called on ordinary Americans to make suggestions about what policies and people should be put in place under Trump’s second administration, with Kennedy allies launching a website called ‘Policies for the People’ to facilitate the suggestions from voters. 

The website says that the suggestions will help fill the over 4,000 appointments across the entire executive branch.

‘President Trump has asked Bobby [Kennedy] to help ‘drain the swamp’ by giving him an influential leadership role on his transition team,’ a post on the website says. ‘But Bobby cannot do this alone, so he is now turning to the wisdom and expertise of his supporters – and the larger community.’

The website is similar to what tech billionaire Elon Musk has said about ‘maximum transparency’ related to his upcoming role co-leading the Department of Government Efficiency. Known as ‘DOGE,’ the task force will ‘dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies,’ Trump said earlier this week. 

‘All actions of the Department of Government Efficiency will be posted online for maximum transparency. Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know! We will also have a leaderboard for most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining,’ Musk posted to X of how DOGE will operate. 

Fox News Digital’s Jamie Joseph and Peter Pinedo contributed to this report.


This post appeared first on FOX NEWS

President-elect Trump announced Thursday that he is nominating Jay Clayton to serve as U.S. attorney for the Southern District of New York.

‘I am pleased to announce that Jay Clayton, of New York, the Chairman of the U.S. Securities and Exchange Commission during my first term, where he did an incredible job, is hereby nominated to be the U.S. Attorney for the Southern District of New York,’ Trump wrote in a post on Truth Social. ‘Jay is a highly respected business leader, counsel, and public servant.

‘Jay is going to be a strong Fighter for the Truth as we, Make America Great Again,’ the president-elect added.

This is a developing story. Please check back for updates. 


This post appeared first on FOX NEWS

With cryptocurrencies evolving from speculative assets to a global economic force, investors face a critical question: how can you filter out the noise to pinpoint coins that truly matter?

Whether cryptocurrency trading is part of your financial strategy or not, it’s becoming clear that certain coins have moved beyond speculation and are now positioned as potential drivers of the future global economy.

Still, there’s a lot of market noise in the crypto space. You need to distinguish real geopolitical developments surrounding certain coins, domestic developments affecting crypto (like Trump’s proposal to scale back the SEC’s ability to regulate crypto), and market speculation in response to the above, which can affect many cryptocurrencies, even the most obscure ones.

A Snapshot of Crypto Leaders Over Time

Given cryptocurrencies’ sensitivity to the political and economic landscape, there will be a lot of volatility. One way to sort out the leaders is to view the StockCharts MarketCarpets for Cryptocurrencies (use the Select Group dropdown menu) over lookback periods, say, from one day to three months or more.

I like to measure Up Days minus Down Days to get a general sense of the crypto market’s performance in breadth. To do this, go to the Measurements drop-down menu and select [Up Days] – [Down Days]. Scrolling over each square will show how many up or down days are prevalent over a specified period. For instance, in 5 days, if there are 3 up days and 2 down days, the “score,” if we can call it that, will be +1 (as 3 – 2 = 1). The point here is that this view might give you a better filter for identifying market leaders.

Here’s a 5-day view of market leaders in the crypto space.

FIGURE 1. 5-DAY MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS.Image source: StockCharts.com. For educational purposes.

Don’t mind the particulars for now. Just note the overall performance of the market. Compare it to this 1-month view.

FIGURE 2. 1-MONTH MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS. Image source: StockCharts.com. For educational purposes.

Now, notice how there are fewer deep “greens” indicating fewer outperformers. The only coin of significance is Dogecoin ($DOGEUSD). The rest are relatively obscure. Keep that in mind as I zoom out to a 3-month view.

FIGURE 3. 3-MONTH MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS.Image source: StockCharts.com. For educational purposes.

You have a few more market leaders going back a quarter. But the only liquidly-traded one is still Dogecoin. DOGE stands out as one of the top three non-stablecoin cryptocurrencies worth watching, with a unique connection to the potential “Trump 2.0” economy.

Three Crytpos to Watch Ahead of Trump 2.0

So, here they are—Bitcoin ($BTCUSD), Ethereum ($ETHUSD), and, strangely, Dogecoin ($DOGEUSD). Why?

Trump has talked about creating a strategic Bitcoin reserve as he aims to make the US the “crypto capital of the planet.” With a crypto-friendly administration and, presumably, fewer regulatory barriers, Ethereum—the second-largest cryptocurrency by market cap—will likely see growth alongside Bitcoin.

The Dogecoin case sounds a little weird. Its boost seems to be a speculative conflation of DOGE, the crypto’s ticker, and DOGE, the acronym for the proposed Department of Governmental Efficiency, co-led by Elon Musk, who happens to be a strong proponent of Dogecoin. Whatever the investment case may be, this symbolic conflation was enough to fuel the coin’s record three-year high.

Let’s look at the technicals, starting with a daily chart of Bitcoin.

FIGURE 4. DAILY CHART OF $BTCUSD. Did broad retail buying just kick in?Chart source: StockCharts.com. For educational purposes.

According to the Relative Strength Index (RSI), Bitcoin, which closed above a record-high $90K level, is well within the overbought range, hinting at a potential pullback. You’re starting to see that potentially taking shape.

Looking at our two momentum indicators below, the Chaikin Money Flow (CMF) shows three deep yet flattening surges suggesting high buying pressure, yet, in the On Balance Volume (OBV), the last surge shows a breakout (see green circle). Could this suggest that institutional buying occurred in September and October, followed by increased retail participation in November? If that’s the case, it will be interesting to observe how Bitcoin performs after taking a breather.

On the chart, there are three Quadrant Lines. The first two demonstrate how prices, in an uptrend, tend to bounce between the 50% or 75% lines (2nd or 3rd quadrants). The third quadrant line on the right is the one you should keep an eye on. If Bitcoin pulls back, it should bounce above the last quadrant, which also coincides with two critical levels of resistance-turned-support (see dotted magenta lines).

Let’s shift over to a daily chart of Ethereum ($ETHUSD).

FIGURE 5. DAILY CHART OF $ETHUSD. Smart money selling as retail investors scoop it up?Chart source: StockCharts.com. For educational purposes.

Like Bitcoin, Ethereum ($ETHUSD) is pulling back from its RSI-measured overbought level. However, unlike Bitcoin, the CMF and OBV are in stark divergence, possibly indicating that “smart money” buying has declined while retail buying has ramped up. If anything, this confirms forecasts of near-term weakness.

Unlike Bitcoin, Ethereum did not hit an all-time high, but this can also mean the crypto has room to run. You might expect a bounce at the 50% and 61.8% Fibonacci retracement levels (see green circle on the chart) which is further buffered by support at $2,730 (see green dotted line). However, if the uptrend resumes, take note of the three resistance levels ahead, highlighted by the magenta lines where you may see profit-taking and selling.

Let’s now look at a daily chart of Dogecoin ($DOGEUSD).

Figure 6. DAILY CHART OF $DOGEUSD. This chart looks like a meme stock, but the divergence between the CMF and OBV shows the difference between smart money and retail accumulation.Chart source: StockCharts.com. For educational purposes.

Similar to Bitcoin, Dogecoin also has a three-year high. But unlike Bitcoin and Ethereum, there’s no indication that Dogecoin will be a reserve asset, nor does it share Ethereum’s reputation for technological innovation. It started as a meme coin, and the only thing that seems to be driving its recent surge is its association with Elon Musk.

The RSI shows that Dogecoin is well-overbought. If you look at the CMF and OBV, note how larger players began accumulating Dogecoin with tremendous buying pressure long before the retail crowd noticed (see magenta square).  Now, the sharp divergence shows how “smart money” may be pulling back while retail traders are jumping in.

If you find a reason to buy Dogecoin beyond pure speculation, be aware that it has plenty of room to tumble. Note the 61.8% Fib retracement level coinciding with the coin’s 2024 high of $0.22. If it fails to bounce at this level, then the meme is over. But considering how unpredictable this coin is, look for a bounce near the 50% Fib retracement.

At the Close

In a market buzzing with hype, separating the legit from the noise takes more than following news and taking a quick glance—it’s all about using the right tools. For me, it’s about viewing MarketCarpets over different timeframes, checking up and down days to see which crypto is leading the pack. With Bitcoin and Ethereum, there’s solid institutional backing, showing they’ve got potential staying power. Dogecoin, though, feels more like a meme-fueled thrill ride, getting its boost from Elon Musk’s influence rather than fundamentals.

By looking at the daily charts and contrasting the CMF with the OBV, you can spot where the real buying pressure is—seeing institutional money flow versus the retail players. In the end, separating the signal from the noise comes down to reading the charts using the right tools.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

One of Donald Trump Jr.’s allies and business partners has reportedly been offered a key position in his father’s second term in the White House.

Sergio Gor is expected to lead the Presidential Personnel Office and will be tasked with aiding President-elect Donald Trump in recruiting, vetting and nominating thousands of political appointees across the federal government, according to a report. 

‘Awesome news. Sergio will be great!’ Trump Jr. posted on the social media platform X in response to the news, first reported by Semafor. 

As president and co-founder of Trump Jr.’s publishing company, Gor is part of President-elect Trump’s latest efforts in assembling a second administration full of allies, loyalists and other supporters.

Trump has previously said that the biggest mistake of his first presidency was picking disloyal people to join his administration.

‘The biggest mistake I made was I picked some people – I picked some great people, you know, but you don’t think about that. I picked some people that I shouldn’t have picked,’ Trump said last month on the ‘The Joe Rogan Experience’ podcast.

‘I picked a few people that I shouldn’t have picked,’ he said.

President-elect Trump meeting with Biden to discuss transition of power

Not only did Gor help publish books by the former and future president, he also left his position as a longtime aide to Sen. Rand Paul, R-Ky., to join the finance committee for Trump’s 2020 re-election campaign. 

In 2021, Gor also officiated a wedding in California for Rep. Matt Gaetz, R-Fla., another Trump ally who Trump recently tapped to be his nominee for attorney general.

Gaetz has since resigned from the House of Representatives after his selection for the Department of Justice, Speaker Mike Johnson, R-La., announced.

Gor is among the latest in a string of announced picks for Trump’s new administration. The president-elect has also picked, among others, Rep. Elise Stefanik, R-N.Y., to be U.S. ambassador to the United Nations, Rep. Mike Waltz, R-Fla., for national security adviser and Sen. Marco Rubio, R-Fla., for secretary of state. 

Tesla CEO and billionaire endorser Elon Musk and former GOP presidential candidate Vivek Ramaswamy are expected to lead Trump’s new Department of Government Efficiency.

Fox News’ Bonny Chu contributed to this report.


This post appeared first on FOX NEWS

If you ever have a chance to go to Pike Cornerstone in Arlington, Virginia for their $5 dollar wine tasting, you ought to give a shot. It was there that I met Alan, a Black professional in his late 30s who, though he’s a Democrat, has an almost whimsical take on the soon-to-be Trump presidency.

‘He won,’ Alan told me after we had sloshed the Clara C Prosecco around our mouths a bit, ‘it was decisive,’ he added, ‘and he gets to do what he wants to do now. I might not love it, but let’s see what happens.’

Even the shock nomination of controversial former Florida Rep. Matt Gaetz to be attorney general didn’t seem to phase Alan, ‘It feels like a troll,’ he laughed, ‘but again, all we can do is wait and see.’

 

Alan’s attitude, along with that of the other liberals who I have spoken to this past week, are distinctly different from the anger, and frankly, pageantry that resulted from Trump’s first victory eight years ago.  

Back then we had furious women marching in their millions in pink hats. Defiance was the watchword for disappointed Hillary Clinton voters, but this time, there is a resignation to Trump’s second term, which is an opportunity for the president-elect, but also a risk.

Trump’s first term as president was barely given a chance; half the country and about 90% of the news media treated it not so much as a new administration, but as a crisis that had to be thwarted. 

That level of disdain is not happening this time, and while that provides Trump a runway to do the things he wants to do as president, it also means he has no excuses should he fail.

Biden

The reaction to Trump’s win brought to mind a conversation I had a few days before the election with Susan, a retired woman in her late 60s who is no Trump fan but thought he would win.

‘If he wins,’ she told me, ‘He’ll have to prove himself.’

This is also what I heard from Sam, in his mid-30s at Arlington National Cemetery. Also a Democrat, he told me as we looked over the rolling hills of bright white tombstones, ‘It’s about these guys,’ he told me, ‘this is what they fought for.’ 

Donald Trump and all of us have a real chance to come together and heal our nation over the next four years. I see how badly people want that. 

There is a real chance for the country to come together here. The Elon Musks and his band of social media trolls will continue to try to humiliate, insult and ‘own the libs,’ but that is a mistake. There is a real chance for the country to heal right now and it ought to be taken.

Almost by accident at Arlington National Cemetery I turned a corner and found myself at the grave of President John F. Kennedy, his eternal flame flickering in a gentle wind, the small crowd falling into a hush.

In 1960, JFK won one of the closest and most contentious elections in American history.  It was not until his tragic death that he became a unifying figure for our nation. But it was not just his assassination that made that happen, it was his words.

‘Ask not what your country can do for you–ask what you can do for your country,’ is an  immortal and humbling call, and I see signs that disappointed Democrats are taking it to heart as Trump 2.0 begins.

”In Springfield, they’re eating the dogs. The people that came in, they’re eating the cats. They’re eating — they’re eating the pets of the people that live there,’ a Trump signature phrase from this election, will likely never be engraved in stone, but that doesn’t mean that he cannot ultimately be a unifying figure.

Back in October, in Allentown, Pa., I met a small business owner, who I was pretty sure was voting for Harris, say, ‘Whoever wins, I hope they put the country first.’ He was open to Trump and I think he would rather be proven wrong than correct about his instincts regarding the incoming president.

Look around. There are no riots, no massive protests planned, no ludicrous claims that Russia swayed the election, instead of all those things there is–and I’m just gonna say it–hope.

Donald Trump and all of us have a real chance to come together and heal our nation over the next four years. I see how badly people want that. 

It is my fervent prayer that all of us take advantage of this opportunity.


This post appeared first on FOX NEWS

President-elect Trump selected Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services (HHS). 

‘I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health,’ Trump said in his annoucment Thursday. 

‘The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country.’ 

The announcement comes just over a week after Trump won back the presidency.

RFK Jr. joined the 2024 campaign cycle as a candidate for the Oval Office. Kennedy, who is the son of former U.S. Attorney General Robert F. Kennedy, dropped out of the presidential election in August after initially running as a Democrat, before he switched to an independent run. 

Kennedy endorsed Trump shortly after suspending his campaign, and has since hit the campaign trail while touting his plans to ‘Make America Healthy Again’ under a potential Trump presidency. 

Kennedy has joined a bevy of Trump campaign events in the lead up to Nov. 5, including speaking at Trump’s historic Madison Square Garden rally last month, where he unleashed on the current state of the Democratic Party. 

‘The Democratic Party is the party of war. It’s the party of the CIA. You had Kamala Harris giving a speech at the Democratic convention that was written by neocons. It was belligerent, pugnacious. It talked about domination of the world by the United States through our weapons of war. It’s the party today that wants to divide Americans. It’s a party that is dismantling women’s sports by letting men play women’s sports,’ he said. 

‘It’s the party of Wall Street. It’s the party of Bill Gates, who just gave $50 million to Harris. It’s the party, and the Harris campaign is very proud that it received the endorsement of 50 former CIA agents and officers and of John Bolton and of Dick Cheney.’ 

Kennedy, who has been a key figure in the Trump campaign since endorsing him, was asked about his potential role in the next White House and whether he would begin ‘clearing out the top level federal service workers that are currently at the FDA and the CDC.’

He continued, ‘In some categories, their entire departments, like the nutrition department in the FDA, they have to go. They’re not doing their job. They’re not protecting our kids. Why do we have Froot Loops in this country that have 18 or 19 ingredients, and you go to Canada, and it’s got two or three?’ 

‘Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!’ Trump added. 


This post appeared first on FOX NEWS