MicroStrategy Buys 14,620 More Bitcoin for $615 Million
MicroStrategy bought an additional 14,620 Bitcoin last month. The company paid $615.7 million for its latest hoard at an average price of $42,110 per Bitcoin, according to a Form 8-K filing published today on the business’s website. The acquisitions took place between November 30 and December 26. As of now, MicroStrategy has bought 189,150 Bitcoin at an average cost of $31,168. The properties the business paid $5.89 billion to acquire are now worth $8.1 billion, up $2.2 billion on paper.
US Congressman Calls for SEC Chairman’s Impeachment
US Congressman Warren Davidson called for the removal of SEC Chairman Gary Gensler in 2024. Davidson explained that with this call, he criticized the SEC’s aggressive approach to the crypto sector under Gensler. In addition, Davidson introduced the SEC Stabilization Act to restructure the agency and remove Gensler from office.
Meeting between Hashdex and SEC Office of the Chairman
Crypto asset management firm Hashdex met with the SEC Office of the Chairman to discuss proposed rule changes for its spot Bitcoin ETF application. According to the information; Samantha Ostrom from the SEC Office of the Chairman, Hashdex Chief Investment Officer Samir Kerbage and Michael Venuto from Tidal Financial Group took part in the meeting. The subject of the meeting was NYSE Arca’s proposed rule change to list and trade the Hashdex Bitcoin ETF under Rule 8.500-E.
Marathon Digital Became the Most Traded Stock of the Day with $327 Million Volume
Trading volumes for Bitcoin miners have surged to the top of the charts just weeks ahead of the expected approval of the Sprint Spot Bitcoin exchange-traded fund (ETF). According to Yahoo Finance market statistics, the public company exchanged more than 105 million shares the previous day, surpassing the trading volume of top-tier companies such as Tesla, Apple and Amazon.
Trump Starts Emptying Crypto Basket
Arkham conducted a study and found that Trump began transferring ETH he had accumulated as NFT royalties to Coinbase earlier this month. Over the past three weeks, it has generated $2.4 million from the sale of 1,075 ETH. Arkham claims that even after all this, Trump has cryptocurrency holdings worth $2.2 million, including JESUS worth $145, ETH worth $1.4 million, WETH worth $649,000, MAGA coin worth $167,000, Pepecoin worth $340.
South Korea Introduces Mandatory Crypto Disclosure for Senior Officials
South Korea has made great progress in increasing honesty and integrity in the public sector. Senior government officials will have to disclose their Bitcoin holdings from 2019 as a result of a new law announced by the country’s Ministry of Personnel Management.
Starting next year, about 5,800 public officials will have to disclose their cryptocurrencies and other assets in accordance with the new law. According to South Korea’s Ethics Policy Division, the Public Official Ethics System (PETI) will now provide access to this information, which in the past has been published in official gazettes. With this integrated asset disclosure tool, public authorities will have a simpler and more transparent way to register their assets, including cryptocurrency and other assets.
Hong Kong Introduces License Requirement for Stablecoin Issuers
Hong Kong has suggested that stablecoin issuers should be required to obtain licenses as part of its legislative proposal to oversee the crypto sector. In a document jointly published by the ‘Hong Kong Monetary Authority’ and the ‘Financial Services and Treasury Bureau’, the authorities announced that stablecoin issuers will need to obtain a license from the HKMA if they issue stablecoins linked to the value of one or more fiat currencies in Hong Kong.
Worldcoin Expands Operations to Singapore
Worldcoin, the crypto project co-created by Sam Altman, announced the expansion of its operations to Singapore. According to the statement, World ID verifications can now be done in Singapore through the project’s special hardware device Orb. The project’s iris scanning device, Orb, will be accessible from five different locations in Singapore.
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BITCOIN(BTC)
Bitcoin is priced at $ 43,168 with a 0.60% loss in value as of today morning hours. After retreating to $ 41,700, it was able to come up to $ 43,800 again with purchases, but from here it also ate selling pressure. The first support position seems to be 42,400 dollars. If a break below this level occurs, a decline up to $ 40,500 may occur. If the break of $ 44,400 occurs, an increase to $ 45,500 can be seen.
ETHEREUM(ETH)
ETH, which gained 0.15% as of morning hours, is priced at $ 2352. After breaking the upper part of the horizontal band, it realized a rise up to $ 2440 in a very voluminous way and faced selling pressure from resistance. The upper part of the horizontal band is now a region that can work as support, and with the reaction it will receive from here, rises up to $ 2500 can be seen. If the horizontal band enters again, decreases up to $ 2250 may occur.
RIPPLE(XRP)
XRP is priced at $0.6528 with a 3.08% gain as of morning hours. 0.6460 resistance seems to be broken for the moment. With a break at $0.6545, rises up to $0.70 can be seen again. Pricing below $0.6460 may cause it to fall back to $0.60 support.
AVALANCHE(AVAX)
AVAX is priced at $ 41.66 with a 1.67% depreciation as of morning hours. The loss of 44 dollars caused a decline. If $42 is also lost, $40 and then $38 are likely to work as support. Pricing above $ 40 may cause an increase up to $ 50 again. Since it has experienced a serious rise in the past days, its withdrawal can be high at that rate. Pricing between $40 and $50 will be quite positive.
SOLANA(SOL)
SOL is priced at $105.17, down 1.62% as of morning hours. When we examine the hourly chart, we see that there is a decline to the level of 103 dollars with the retracement movement and this region is the support level. For SOL, which continues its descending outlook, maintaining a permanence above the 110 dollar level is important for the rise. In case of a pullback, if the 103 dollar level is broken downwards, the 99 dollar region can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 17.488 with a 4% gain in value. When we examine the hourly chart, LINK, which started the upward movement with the double bottom formation formed in the morning hours yesterday, rose to the level of $ 17 with the upward break of the $ 15,800 level. If this movement continues, the $ 18 level can be tested. In case of a pullback, the 17.200 level can be followed as support.
AAVE
AAVE is priced at $ 126.205 with a 12% gain as of morning hours. When we examine the weekly chart, we see that the horizontal zone formed between the 116 and 50 dollar levels has broken upwards. If the weekly candle closes above the $116 level, we may think that the movement will continue and we may see a movement towards the $160 level in the medium term. In case of a pullback, the 120 dollar level appears as an important support zone.
MKR
MKR is pricing at $ 1610 with a 5% gain in value as of morning hours. When we examine the daily chart, we see that the horizontal movement between 1270 and 1570 levels has broken upwards. If this movement continues, a movement towards the $1650 and then the $1700 region can be seen. In case of a pullback, the $ 1580 level can be followed as support.
