Crypto Exchange Move by Giant Companies
EDX, an institutional crypto exchange backed by giants Fidelity, Schwab and Citadel, was launched yesterday. It was learned that EDX will only process four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The stock exchange opened for trading on Tuesday, June 20. EDX is not yet registered and approved by the SEC.
Application for Crypto Asset License from Deutsche Bank
Deutsche Bank, one of Germany’s largest financial institutions, has applied for a license to provide crypto asset custody services to BaFin (German Banking Regulation and Supervision Agency) in Germany. Deutsche Bank’s application will be most useful for institutional investors seeking to keep their assets in a safe place. At the same time, the launch of cryptoasset services by one of Europe’s most prestigious organizations may also affect other organizations. It is known that Deutsche Bank now has a number of requirements to fulfill in terms of customer safety and service.
Latest Cardano Node Enhancement Activated
In order to make Cardano smoother, an enhancement was made to reduce epoch transitions. Epoch refers to the time sciences in Cardano. Each epoch lasts 432,000 slots and slot 1 second. (1 Epoch=5 days). ADA tokens are staked during epochs when new blocks are generated on the Cardano network. With this development, it is aimed to speed up how epoch calculations are made and network operations during the change in epochs.
Top Coins of the Last 30 Days Based on Development Activity
Although the past 30 days have seen a decline in the market and a significant depreciation of the alts, many projects have continued to increase their development activity this month. According to data shared by GitHub, Kusama has spent the past 30 days with the most development activity, 2nd place, Polkadot, 3rd place went to ADA. Yesterday we reported that DOT spent the last week behind Ethereum. 2. we shared that you had spent. Chainlink 6, Cosmos 7, Decentraland 9 and Ethereum 10. is next.
Bitcoin Whales Collect $3.5 Billion BTC
Addresses with 1000-10,000 BTC in their wallets have collected 131,000 ($3.5 billion) Bitcoin in the last 11 weeks. Thus, BTC whales increased their Bitcoin holdings to their highest level in 7 weeks, from 4.51 million BTC in early April to 4.65 million BTC. Most of the purchases took place last week. Last week, 1000-10,000 BTC addresses purchased 60,000 BTC.
Polygon Proposal for Polygon PoS Development at Polygon
The Polygon Labs engineering team proposed an enhancement to the Polygon PoS side network to become the Ethereum-secured Layer-2 network zkEVM Validium. The main objective of the proposal is to merge the current Polygon PoS chain with Polygon 2.0. The new version is intended to bring Polygon PoS in line with Polygon 2.0, which will utilize a type of zero-knowledge scaling technology called validium.
BITCOIN(BTC)
Bitcoin is priced at $ 28,810 with a 1.79% gain in value as of today morning hours. The expected movement in Bitcoin yesterday finally took place, and with the return from the 25,000 level, the descending movement broke upwards from the 27,300 region and rose to the next and also quite critical range of 28,800-29,000. There have been some developments in Bitcoin, which has tested this region upwards for now, that caused this movement. First of all, the launch of the Fidelity, Citadel and Schwab-backed exchange was considered as the main factor in the activity, while Deutsche Bank’s license application was also evaluated positively. On the Fidelity side, the expected move after Blackrock’s ETF application became clear in this way. Our target level in Bitcoin is to break the 28,815 level upwards, while the 31,000 level, which we rose in mid-April, will be our medium-term target zone. In case of a retracement from these levels in Bitcoin, we can say that first 28,500 and then 27,500-27,700 regions will be critical.
ETHEREUM(ETH)
ETH, which gained 1.24% as of morning hours, is priced at $ 1813. In Ethereum, we see that the 1720 support remained intact and with the positive developments in the market, it broke the 1770 region again by making a significant price movement and switched to the horizontal channel movement in which it stayed for a long time. We can say that our next zone in Ethereum will be the 1855 level, and if it breaks here, we can talk about the upper 1900 levels again, and in a possible pullback, we can say that the 1775 zone will be very critical.
AVALANCHE(AVAX)
AVAX, which gained 2.06% as of morning hours, is priced at $ 12.38. We see that the 11.80-12 dollar zone, which is the resistance level of our net horizontal movement seen hourly in AVAX and has been going on for 12 days, was broken upwards with the rise yesterday and the movement continues upwards. We can say that the target levels of the broken movement in AVAX are 12.50 and 12.75.
CHAINLINK(LINK)
LINK, which gained 1.96% as of morning hours, is priced at $ 5.37. In LINK, we see that the horizontal movement could not be broken upwards and the price returned from the 5.42 level again. We can say that the target will be the 5.70 region in case of a breakout in LINK, which rises again after the retreat.
