25 Years Prison Sentence to SBF
The case in which the former FTX CEO was accused of fraud related to the $8 billion loss of retail investors was concluded yesterday. Judge Lewis Kaplan ordered investors and creditors to be reimbursed up to $11 billion for their losses. Additionally, Sam Bankman Fried was sentenced to 25 years in prison. SBF stated that he regretted the decision very much and that he made selfish decisions.
Market Value of Tokenized US Treasury Bills Exceeds $1 Billion
The market cap of US Treasury Bills tokenized through public blockchains such as Ethereum, Polygon, Avalanche, Stellar and others has surpassed $1 billion for the first time. Tokenized Treasury Bills are digital representatives of US government bonds that can be bought and sold as tokens on the blockchain. The market value of these treasury bills has increased approximately 10 times since January last year and 18% since BlackRock announced the Ethereum-based tokenized fund BUIDL on March 20.
BlackRock’s Tokenized Fund Inflowed $240 Million in One Week
BlackRock’s tokenized fund BUIDL has collected over $240 million in deposits since its debut a week ago, according to data shared by Bloomberg. BUIDL token is offered by Securitize Markets, an alternative trading system registered under the U.S. Securities and Exchange Commission and holds a broker license under the Financial Industry Regulatory Authority.
Bitwise Applies for Spot Ethereum ETF
Bitwise applied for a spot Ethereum ETF on March 28. According to the statement made yesterday, the company submitted form S-1 to the US Securities and Exchange Commission (SEC) for its spot Ethereum ETF application. The details of the application show that Bitwise aims to be listed on the NYSE Arca exchange and plans to use Coinbase Custody for custody. It is currently unclear what the symbol of the ETF will be and the management fee.
Filecoin Protocol Glyph Launches Points System
Glif is known as a liquid rental platform within Fliecoin. Before the launch, it announced that it had launched the points program. This is the first step towards centralizing the protocol decision-making process. Glif released a statement stating that points are awarded to both past and future SPs and LPs. Additionally, Glif allows receiving iFIL when FIL is added to the liquidity pool.
DogeCoin Exceeds $0.21 Again
Dogecoin rose to the highest level since December 2021 as trading volumes and futures increased. Doge saw a 17% gain after yesterday’s move. Data shows that transaction volume increased from $3 billion to $7 billion in the last 7 days.
$50 Million Crypto Game Investment from AI Analytics Company Helika
Helika aims to support blockchain game studios with AI guidance as well as funding from Pantera, Spartan Capital and other firms. Yesterday announced the launch of Helika Accelerate, an accelerator program aimed at supporting growth in blockchain game development and revenue. Selected studios were promised to invest up to $50 million. Helika also works with companies like Ubisoft and Bored Ape Yacht Club maker Yuga Labs.
Brazilian Exchange Operator B3 to Offer Bitcoin Futures in April
Brazilian exchange operator B3 announced on Thursday that it has received the green light from the country’s securities regulator to offer Bitcoin futures and trading will begin on April 17. Additionally, the company said Bitcoin futures will be tied to the Nasdaq Bitcoin Reference Price, with each contract pegged at 10% of Bitcoin’s price in Brazilian reals.
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BITCOIN(BTC)
As of the morning hours, BTC is priced at $ 70,253 with a loss of 0.74%. The $69,500 and $67,750 levels stand out as strong support levels and we have received a reaction. A fall in price below these levels could indicate a short-term correction. On the other hand, the $72,000 level appears as a strong resistance level. A breakout above this level could help the price reach the $74,000 target. It would be beneficial to maintain the $70,000 level in the short term.
ETHEREUM(ETH)
ETH is priced at $3559 with a 0.05% loss of value as of the morning hours. Technical indicators suggest a short-term bullish trend in Ethereum as well. The 3490 and 3410 levels stand out as strong support levels for Ethereum. A fall in price below these levels could indicate a short-term correction. On the other hand, 3625 and 3680 levels appear as important resistance points. If the price breaks these resistance levels, it may enable it to reach the 4000 target.
RIPPLE(XRP)
XRP is priced at $0.6181 with a 0.99% loss of value as of the morning hours. XRP is following a horizontal course at 0.61 after its stagnant course in the last 24 hours. Technical indicators show an upward trend in the short term. XRP has solid support levels at 0.6143 and 0.5830. A fall in price below these levels raises the possibility of a short-term correction. On the other hand, if the 0.6530 and 0.6720 resistance levels are exceeded, XRP can be expected to push the 0.80 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
AVALANCHE(AVAX)
AVAX is priced at $53.84 with a 1.43% gain in value as of the morning hours. The 54.00 and 53.00 levels appear as solid support levels for AVAX. A fall in price below these levels raises the possibility of a short-term correction. We see that the upward trend has broken down. On the other hand, if the 58.65 and 60.50 resistance levels are exceeded, AVAX can be expected to push the 70 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
SOLANA(SOL)
SOL is priced at $186.32 with a 1.72% depreciation as of the morning hours. When we examine the hourly chart, we see that there is a rising channel movement. The bottom and top levels of this channel movement are currently $185.40 and $192, respectively. If the short-term decline continues, the 185-185.4 dollar region, which is the channel bottom support area, can be followed. If this area breaks downwards, it can be followed as support at the $182 level. In upward movements, $188 appears as resistance.
CHAINLINK(LINK)
As of the morning hours, LINK is priced at $18,995, with a 0.79% loss in value. When we examine the four-hour chart, we see that the short-term support and rising trend have been broken downwards. If this move continues, a decline to the $18,600 support zone is possible. We see that the $19 level is important in upward movements. If it persists above this region, a movement up to the $19,500 region can be followed.
EOS
EOS is priced at $1.1276 with a 2.83% gain in value as of the morning hours. When we examine the four-hour chart, we see that the resistance zone of $ 1.10 has been broken upwards. If this movement continues, a move towards $ 1.15 and then $ 1.20 may be possible. In case of a withdrawal, the broken resistance level of $ 1.10 can be followed as support.
CEEK
CEEK is priced at $0.07976 with a 4.46% gain in value as of the morning hours. When we examine the four-hour chart, we see that an image similar to a symmetrical triangle formation has broken upwards. If this movement continues, the $0.085 level can be followed as resistance. In case of a withdrawal, the $0.075 level can be followed as support.
