BlackRock’s Spot Bitcoin ETF Gets Approval in Final Application
BlackRock’s planned bitcoin ETF for spots has been given the symbol IBIT, according to the Securities and Exchange Commission’s S-1 filing updated on Monday. There is new information on the creation of the fund and the repayment mechanism. Recent meetings between BlackRock and SEC officials were also included in the amended filing. Although analysts seem to favor what the SEC calls the cash-back model, the latest update leaves open the possibility of an “identical” procedure pending regulatory approval.
Avalanche Users Spent $13.8 Million on Inscriptions Over 5 Days
Over the last five days, Avalanche users paid $13.8 million in transaction fees to generate and transfer inscriptions and NFTs. There are two key periods of great interest in the Avalanche. One episode, which took place in late November and lasted about five days, resulted in almost $1.5 million in transaction fees. But wages have risen significantly in the last decade.
Worldcoin Integrates with Reddit, Discord and Telegram
Blockchain-based digital identity platform Worldcoin announced the release of World ID 2.0. With the addition of a new feature called Apps, which allows users to create and use integrations to use World ID to authenticate their online identity, many well-known services such as Reddit, Discord, Shopify, Minecraft and Telegram are supported by these integrations.
Circle’s EURC Stablecoin Powered by Solana Blockchain
Circle’s euro-backed stablecoin EURC will now be available for real-time global payments and instant currency trading on Solana. Solana-based DeFi apps and digital wallets including Jupiter Exchange, Meteora, Orca and Phoenix have all added support for stablecoins. EURC has already expanded its applications on the Avalanche, Ethereum and Stellar blockchains.
Digital Asset Funds Exit After a Long Time
Digital asset funds saw outflows of $16 million last week, ending an 11-week streak of inflows. When we look at the transaction volume, it was realized as 3.6 billion dollars, above the average of the year. Bitcoin had the highest outflow value with 33 million dollars. On the other hand, there was a $0.3 million inflow into short-Bitcoin. Ethereum and Avalanche saw outflows of $4.3 million and $1 million, respectively. In altcoins, a total of 21 million dollars worth of inflows were realized.
Bitwise Launches Commercial for Spot Bitcoin ETF
Following its filing with the SEC, Bitwise released a commercial for its spotlight Bitcoin ETF starring Jonathan Goldsmith. The move signals Bitwise’s confidence in potential SEC approval for the first US spot Bitcoin ETF in 2024.
SEC Delays Hashdex and Grayscale Ethereum ETF Decision
The SEC announced that it has postponed its decisions on the spot Ethereum ETF filed by Hashdex and Grayscale. The SEC, which previously approved Ethereum futures, has yet to greenlight a spot Ethereum ETF. In order to maintain transparency and gather different perspectives, the SEC requested public feedback. Stakeholders and interested parties have approximately 21 days to comment on the VanEck, Grayscale, ARK 21Shares and Hashdex Ethereum ETFs.
Solana Search Volume on Google Increased 250% in the Last Two Months
According to the data, Google search volume for the word “Solana” increased by 250% from the beginning of October to December. In the same period, Solana’s price appreciated by 224%. This increase in Google search volume is attributed to Solana’s strong performance and the rise of memecoins.
Worldcoin to Resume Operations in Kenya in 2024
Worldcoin announced that it will resume its operations in Kenya in early 2024, having suspended them for some time due to regulatory issues. Worldcoin continues to work closely with Kenyan regulators to align its business practices with local laws.
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BITCOIN(BTC)
Bitcoin is priced at $ 42,829 with a 0.48% gain in value as of today morning hours. Yesterday evening, the $ 43,500 level was tested again, but it was rejected again. The first support position is $42,500. In pricing above this region, we can think that the rise will continue if the permanence above $ 43,500 is achieved. In the downward break of $ 42,500, the level of $ 41,00 can be seen again.
ETHEREUM(ETH)
ETH, which gained 0.88% as of morning hours, is priced at $ 2240. It seems to have formed a horizontal channel in the short term. For the moment, we are in the middle of the horizontal channel, that is, in the first resistance section. Closures above $ 2250 may prepare the environment for rises up to the upper position of the horizontal channel, that is, up to $ 2320. In case of a return from this level, retreats up to $ 2165 can be seen again.
RIPPLE(XRP)
XRP is priced at $0.6113 as of morning hours, down 0.21%. After the loss of $0.60, it found support at $0.58 and was able to rise above $0.60 again. The important thing now is to ensure permanence above $ 0.62. If $0.60 does not work again as support, the decline may deepen and declines up to $0.55 may be seen. In case of persistence above $ 0.62, rises up to $ 0.65 can be seen.
AVALANCHE(AVAX)
AVAX is priced at $ 40.86 with a 0.70% depreciation as of morning hours. Rising up to $ 45, then falling to $ 36.50, and with a nice reaction from this region, pricing continues above $ 40 again. If above $40 is maintained, the uptrend may continue and the $50 level can be seen. In pricing below $ 35, $ 31.44 may appear as strong support.
SOLANA(SOL)
SOL is priced at $ 76.20 with a gain of 2.38% as of morning hours. When we examine the four-hour chart, there was a retracement to the $ 68 region yesterday, and it rose to $ 76 by making a comeback from this region. If this movement continues, the 78 dollar level appears as an important resistance. With an upward break of the resistance zone, the $ 80 level can be tested. In case of a pullback, the $ 75 level can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.600 with a 0.51% loss in value. When we examine the four-hour chart, we see that there is a pricing above the $ 14 level again. In case of persistence above this region, a movement towards the $ 15 level may occur. If this movement continues, we come across $ 15,200 as an important resistance zone. In case of a pullback, the 14.500 level can be followed as support.
BAKE
BAKE is priced at $0.2640 with a gain of 9.47% as of morning hours. When we examine the four-hour chart, we see that the horizontal zone and the falling trend line are broken upwards. With this movement, a slight rise was realized. If the upward movement continues, the 0.28 level can be followed as resistance. In case of a pullback, the 0.255 level appears as an important support.
ANKR
ANKR is priced at $ 0.02965 with a 4% gain in value as of morning hours. When we examine the four-hour chart, we see that the resistance zone of 0.02940 has been broken upwards. If this movement continues, the 0.0305 region may be tested. In case of a pullback, the 0.02920 level can be followed as support.
