SEC Appeals Ripple Case
The SEC made the move that has been expected for weeks after the Ripple case decision. The SEC announced that they are appealing the outcome of the Ripple case. In Judge Analisa Torres’ ruling, it was stated that the trades of individual investors did not qualify as securities, and the SEC had stated several times that they found this decision wrong.
Aptos-Microsoft Collaboration
Yesterday, Microsoft announced a collaboration with Aptos to research digital payments and tokenization. Under the agreement, Microsoft will allow Aptos to use its AI technology for developmental applications. Aptos rose more than 15% after the news.
NFT Project y00ts on Polygon Moves to Ethereum
The NFT project y00ts, which joined Polygon on Solana earlier this year, is switching blockchains again and moving to Ethereum. DeLabs, the company behind the project, announced the transition with a post on their X account. DeLabs has also pledged to return $3 million in investment and support grants to Polygon Labs during the transition from Solana to Polygon.
Riot Platforms Declares Loss
Mining company Riot Platforms, one of the major crypto companies listed in the US, has announced that it will be the 2nd largest mining company of the year. in the quarter, it posted a loss of 27.7 million dollars. Announcing total revenues of $76.7 million, Riot announced the 2nd anniversary in 2022. 5.2% ahead of quarterly performance. The company’s mining revenue was $49.7 million. Company 2. produced 1775 Bitcoin in the quarter, with an average cost of $8389 USD.
CleanSpark Increased Revenues but Announced Loss
CleanSpark, another mining company that published its balance sheets in the US, increased its revenues by 14% to 42.5 million dollars, while announcing a loss of 18.5 million dollars. While the company increased its hash rate to 9 per second, it experienced a 47% increase in revenue compared to last year. Company CEO Zach Bradford stated that their target is 16 EH/s.
BITCOIN(BTC)
Bitcoin is priced at $ 29,585 with a 0.01% gain in value as of today morning hours. Yesterday’s positive pricing in Bitcoin ended with a negative news flow from the US, as has been seen a lot lately. The SEC’s objection to the Ripple case caused some retracement in the markets, causing Bitcoin to retreat to 29,500 support or even lower. BTC, which is currently above 29,500, may realize important breakouts depending on the inflation data coming today. We can say that volatility will be high ahead of the data and stop and profit-taking zones should be considered.
ETHEREUM (ETH)
ETH, which gained 0.02% as of morning hours, is priced at $ 1856. In Ethereum, we see that after the descending movement that broke upwards, the price returned to the same areas again, and although it remains above the broken resistance level, it still cannot move away from here. We can say that low volume and volatility also continue in Ethereum. We can say that 1845-1820 will be important in retracements, 1880 and 1900 regions will be important in the upward movement.
APTOS(APT)
APT, which lost 0.85% as of morning hours, is priced at $ 7.336. While APT made a significant rise with the Microsoft announcement yesterday, it rose from 6.60 support to $ 8 resistance and retreated from there. We can say that the price in APT, which fell as low as 7.30 with the fall of the market, is stuck between the 50-100 day moving averages and that good opportunities may arise in this region on a non-moving day.
