SEC Issues Securities Assessment for NFTs
Impact Theory, a media company, sold NFTs to fund its operations, which the SEC treated as an unregistered sale of securities and charged the company. The company accepted the SEC’s cease and desist order. The company promises to provide significant value for the NFTs it sells. The company agreed to take back and destroy all the NFTs it had issued.
BlackRock Boosts Mining Investments
BlackRock, the world’s largest asset company, which caused significant movement in the market with its Spot Bitcoin ETF application, is also investing in Bitcoin mining. The investment firm is the second largest investor in four of the five largest mining stocks. The company has invested in Riot, Marathon, Cipher and Tera, but not in Hut 8. In particular, BlackRock has invested $199 million and $190 million in Riot and Marathon, and $8.46 million and $14.10 million in CIFR and WULF, totaling $411 million.
Shibarium Opens Bridge Withdrawals
As it is known, Shibarium, which was launched in mid-August, was temporarily suspended due to some necessary improvements. Yesterday, the team announced the activation of withdrawals from the main network and bridges. The announcement stated that users can use Ether, Shib, Leash and Wrapped Ether to withdraw money and that it will take place between 45 minutes and 4 hours. It is stated that BONE shoots may take longer.
The Number of Cardano Stakers Continues to Increase
The number of investors staking Cardano has managed to increase to a significant level. Cardano, which has made a name for itself with on-chain data and developments and had a good period, reached 1.3 million stakers. While 1.3 million is a significant number, for Cardano it means 50,000 new stakers in the last year and an average of 200 new stakers per day. From this point of view, this can also be considered as a level that should have been exceeded before for Cardano. It is known that the DeFi ecosystem in Cardano, which has made big leaps in many data throughout the year, has also grown by 200%, and important large projects such as Mithril and Hydra have been included in the ecosystem.
Robinhood Holds $3 Billion in Bitcoin
According to the Arkham Inteligence report, Robinhood, which provides exchange services in the US and also has crypto trading features, holds $3 billion worth of Bitcoin at a single address. This shows that the company has a total of 118,300 Bitcoins. The address held $5,400 worth of Bitcoin in mid-May, $1.4 billion worth at the end of May and $3 billion worth on June 18. Robinhood’s wallet is the third address with the most Bitcoin. The other two addresses belong to Binance and Bitfinex.
Bored Ape and Axie unlocks to take place
BAYC and Axie Infinity are planning major lock expansions. In this duo, which is one of the largest metaverse projects, BAYC ApeCoin plans to issue 11% of its market capitalization, while Axie plans to launch 11.2%. BAYC is planning to launch 212M APE, or $58.5 million worth of APE tokens, on September 16. 40.9 million APE tokens will be distributed to partner companies such as AC Milan and M&M. Other tokens will be transferred to the treasury of Yuga Labs, the founders and Ape DAO. The Axie side will launch 14.8 million AXS tokens worth $71 million. The AXIE team will be allocated $27.8 million and $16 million in staking rewards and play-to-earn rewards.
Reserve Rule for Stock Exchanges in South Korea
In South Korea, the Federation of Banks required local exchanges to hold at least 3 billion Korean Won (about $2.26 million) in reserves. The implementation is expected to start in September. Exchanges will be required to maintain reserves of $2.26 to $15 million, which will be held as a contingency plan or as insurance. Small exchanges will be required to hold $2.26 million, while large exchanges will be required to hold 30% of their daily deposits.
BITCOIN(BTC)
Bitcoin is priced at $ 26,103 with a 0.06% loss in value as of today morning hours. While Bitcoin was stuck in the 26,000-26,200 range, we see that the 26,200 test was not successful and realized some retracement. The movement that may be experienced with the data that will come at 15.30 today may also bring a break in Bitcoin. We can say that attention should be paid to the 26.300 and 26.800 regions after 26.200 in the upward movement and to the 25.800 and 25.200 regions in the downward movement.
ETHEREUM(ETH)
ETH, which lost 0.04% as of morning hours, is priced at $ 1653. Similar to Bitcoin, where the same horizontal movement continues in Ethereum, we encounter a movement stuck in the range of 1635-1660. In Ethereum, the target after the 1660 breakout is 1695, while some selling pressure may be encountered at 1680.
RIPPLE(XRP)
XRP is priced at $0.5213 as of morning hours, down 0.34%. After the reversal from the support zone of the symmetrical triangle pattern seen on the hourly chart in XRP, we see that the price rallied to the resistance of the pattern and performed an upside test at 0.5250. Although there is no breakout, we can say that XRP looks strong and that the 0.5150 region should be considered in the retracement.
AVALANCHE(AVAX)
AVAX is priced at $10.45 with a 0.77% gain in value as of morning hours. AVAX started to show some positive movement after the unlocking process passed. While it was priced at 10 dollars yesterday, the small movement seen in the market allowed AVAX to rise to 10.60 levels. AVAX, which failed to break the resistance level in the 10.55 region, is seeing some retracement. If the retreat continues, the 10.40 and 10.28 regions may be critical. If both levels are broken, the $9.90-10 zone seems to be the most critical region.
SOLANA(SOL)
SOL is priced at 20.51 with a 0.24% depreciation as of morning hours. In Solana, we see that the horizontal channel movement seen in 4 hours on Saturday is priced at the lower band. Although SOL started to rise after testing the support zone of $20 yesterday, this was not enough to reach the horizontal resistance at $21 and then the channel mid-band at $21.20. The LEFT continues to move horizontally and tightly at the moment. 20 dollar returns can be considered as a good opportunity for SOL.
CHAINLINK(LINK)
LINK, which lost 0.70% as of morning hours, is priced at 5.93. LINK is in a very clear descending channel pattern on the hourly chart. LINK, which confirmed the resistance level with upward attempts over the weekend and yesterday, is testing the mid-channel band at 5.94 as of morning hours. In case of a downward break, we can say that LINK may retreat to the 5.85 region, and in case of a return, we can say that breaking $ 6 will be critical.
POLKADOT(DOT)
DOT is priced at $4.612, down 0.04% as of morning hours. DOT broke the resistance level of 4.54, which was the resistance zone of the horizontal channel movement it realized in 4 hours, upwards yesterday evening and rose to 4.70. Despite the big rally after the channel breakout, a re-test to the 4.54 area could be a good opportunity for DOT. In such a case, the 4.55 region with a 4% target will be a good entry zone if the downside break is followed and no break is seen.
