SEC’s X Account Hacked to Issue Fake Spot Bitcoin ETF Approval
It was announced by the SEC’s X account ‘@SECGov’ that Spot Bitcoin ETF applications were approved in the evening. Shortly after the announcement was made, SEC Chairman Gary Gensler announced on his X account that the SEC’s account had been hacked and that they did not approve Spot Bitcoin ETFs. When the news was announced, Bitcoin surprised the market, first rising to $48,000 and then falling quickly to $44,700. While the SEC faced a huge backlash on social media after this news, there are also theories that the process was not described as it really was.
Fidelity Cuts Spot Bitcoin ETF Fee to 0.25%
Revisions to the Form S-1 filed on Tuesday show that Fidelity plans to reduce the fee for its proposed spot Bitcoin exchange-traded fund (ETF) to 0.25% on refiling. On December 29, Fidelity had previously quoted its fee at 0.39%. According to the newspaper, the company plans to waive costs for market participants until July 31. US competitors racing to launch the first wave of spot Bitcoin ETFs have begun cutting costs in a bid to attract customers ahead of the Securities and Exchange Commission’s impending approval. Asset managers such as Valkyrie, Invesco, Bitwise and WisdomTree raced to the lowest levels in terms of fees, according to their announcements earlier this week.
Bitcoin Miner Core Scientific Completes $55 Million Equity Offering
Miner Core Scientific closes $55 million equity financing round as it returns to solvency. According to the January 8 announcement, the $55 million stock offering expired last week and was oversubscribed. As a result of this successful ramp-up, and following the full repayment of amounts previously drawn down from DIP (debtor-in-possession) financing, the company has been able to increase the number of its debt financings to 11 in January. is preparing to go to market in a strong position to continue execution with increased liquidity from the chapter.
Spot Bitcoin ETF Approval Faces Potential Delay Due to This Item
Fox reporter Eleanor Terrett highlighted an important procedural feature of the Securities and Exchange Commission (SEC) that could affect the outcome of the highly anticipated approval of the spot Bitcoin Exchange Traded Fund (ETF). Terrett tweeted on January 9 that although there was no scheduled commission vote on the Bitcoin ETF, any of the five SEC commissioners could still seek review and a full commission vote.
BITO, the Bitcoin Futures ETF, Tests All-Time High
The value of assets under management of the ProShares Strategy ETF (BITO), the Bitcoin futures ETF, surpassed the $2 billion mark and thus hit an all-time high. Simeon Hyman, global investment strategist at ProShares, said the ETF reached $2,010,057,946 in assets at the market close on January 8. In addition, Hyman said the ETF has grown 10% since January 2.
Valkyrie Executive 95% Confident on Wednesday’s Spot Bitcoin ETF Approval
A senior Valkyrie executive expressed his belief that the SEC will approve spot Bitcoin ETFs on Wednesday. Valkyrie CIO and co-founder said, “We have been working hard on this for the last six weeks. I think the approval will come on Wednesday and the transactions will start on Thursday.”
GBTC Discount Rate Declines to April 2021 Level in Expectation of Spot Bitcoin ETF Approval
The discount rate on Grayscale Bitcoin Trust (GBTC), the world’s largest Bitcoin fund, fell to its lowest level since April 2021 ahead of the expected conversion to the spot Bitcoin ETF. According to the data, the discount rate declined to 5.6%.
Arbitrum Takes the Lead in Layer 2 Industry
ARB, the native token of Arbitrum, a Layer 2 Ethereum scaling platform, has risen 49% in the past month, leading its sector. According to the data, ARB’s trading volume increased by more than 300% to $3.3 billion. In addition, when we analyze it in terms of TVL value, we see that it reached 2.41 billion dollars with an increase of 45%.
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BITCOIN(BTC)
Bitcoin is priced at $ 45,960 with a 0.31% loss in value as of today morning hours. As the ETF process in Bitcoin approaches, investors’ expectations and excitement continue to rise. Yesterday on Twitter, Bitcoin rose 2.5% after a fake ETF approval news posted on the SEC’s account, and fell 6.7% after the news turned out to be false. With the news, Bticoin rose up to $ 48,000, while after the news, it retreated to $ 44,800. 45,700 dollars is the support level and the upward movement may continue if there is persistence above this level. In case of a downward breakdown and persistence, there may be pullbacks up to $ 44,300.
ETHEREUM(ETH)
ETH, which gained 1.33% as of morning hours, is priced at $ 2375. The upward trend in Ethereum, which started after the test to the 2150 region, continued up to $ 2400. If Ethereum breaks 2300 downwards, the next support level can be used as 2260. In pricing above $ 2400, $ 2455 may appear as the first resistance level.
RIPPLE(XRP)
XRP is pricing at $0.5688 with a 0.37% gain as of morning hours. XRP retreated slightly after the reaction from the resistance zone of the downtrend it continued on the hour. We can say that if the descending movement breaks upwards, the 0.5850 region will be quite critical, while the 0.5650 and 0.5540 levels will be critical in the retracements.
AVALANCHE(AVAX)
AVAX is priced at $ 34.51 with a gain of 0.40% as of morning hours. When we examine the four-hour chart, we see that the upward movement started with the reaction from the 31.40 level, which we follow as the support zone. If this movement continues, the $ 40 level may be tested. In case of a pullback, the $ 34 level can be followed as support.
SOLANA(SOL)
SOL is priced at $99.20, down 0.12% as of morning hours. When we examine the four-hour chart, we see that the resistance zone of 102.3 dollars cannot be broken upwards. SOL, which fell below the $ 100 level with some selling pressure from this region, may fall to the $ 95 level if it continues its downward movement. 95 and 93 dollar regions can be followed as support levels. If the resistance zone of $102.3 is broken upwards, a rise towards the $110 level can be seen.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at $ 13,706 with a 0.09% loss in value. When we examine the daily chart, we see that there is a horizontal movement between the $ 13,100 and $ 17 levels. In the downward breakdown of the $ 13 level, which is the support zone, $ 12,500 and $ 12 levels can be tested if the movement continues. If the upward movement materializes, the $15 level is an important resistance zone. If this region is crossed upwards, the $ 17 level can be tested.
ENS
ENS is priced at $ 14.23 with a gain of 8.7% as of morning hours. When we examine the hourly chart, we see that there was a strong rise during the night hours and the $ 15 level was tested. This region can be followed as a resistance level. In case of an upward break of the resistance zone, a movement up to the $ 16.5 region can be seen. In case of a pullback, the 13.6 level can be followed as support.
ARB
ARB is priced at $3.526 with a 5.4% gain as of morning hours. When we examine the daily chart, we see that the 1.70 level, which previously worked as resistance, is working as support. With this strong rise, the 1.90 level was crossed and a move towards the $ 2 region took place. If the resistance zone of 2 dollars is crossed, the 2.20 level can be tested. In case of a pullback, the 1.85 level can be followed as support.
