Bitcoin ETF Talks Between BlackRock and Pension Funds
Robert Mitchnick, BlackRock's head of digital assets, revealed that BlackRock is helping inform pension funds and sovereign wealth funds about new spot Bitcoin ETF products. “Many of these relevant firms are constantly engaged in research and review discussions, and we play a role from an educational perspective as well,” Mitchnick said. said. Additionally, Mitchnick stated that these companies' interest in Bitcoin is not new and that they have been in communication for several years.
Spot Bitcoin ETF Investment from BNP Paribas
BNP Paribas, Europe's second largest bank, announced that it holds some spot Bitcoin ETFs. According to a 13F filing filed by BNP Paribas, the bank has 1,030 units of BlackRock's spot Bitcoin ETF, IBIT, in its holdings. The value of this investment corresponds to approximately $41,684.
Spot Ethereum ETF Forecast from Michael Saylor
MicroStrategy co-founder Michael Saylor stated that he believes the SEC will classify Ethereum as a security this summer and reject related spot ETF applications filed by various asset managers. Saylor shared this prediction on social media during his presentation at the MicroStrategy World 2024 conference on May 2. Additionally, Saylor claimed that Bitcoin has achieved full institutional acceptance.
VanEck Says About $175 Billion in Bitcoin Is Held by ETFs, Nations and Corporations
A total of approximately $175 billion in Bitcoin is currently held in various ETFs, nations, public and private companies, VanEck said in a new report. Additionally, VanEck said, “Interest in Bitcoin has increased among institutional investors. “Hedge funds, asset management firms are increasingly recognizing Bitcoin's potential as a store of value.” said.
ENS Petitioned for Unstoppable Domains
ENS Labs has been granted a patent for UDs. He petitioned the USPTO to challenge the validity of this patent and to ensure that the web remains a collaborative platform. UDs are managed very similarly to ENS. ENS claims to have patented ENS's pioneering technology that directly benefits from UD's open source innovations, and ENS's contributions are even noted in the patent.
Number of Uniswap Wallets Increased by 2 Times Compared to Last Year
According to Dune Analytics data, the number of Uniswap wallets was 3.03 million in May 2023. In May 2024, this number increased by 10% to 7.26 million. On April 5, Uniswap cumulative transaction volume exceeded $2 trillion.
Solana Labs Partners with Gameshift
Solana Labs yesterday announced a partnership with Google Cloud to bring its Web3 gaming platform, GameShift, to Google Cloud customers. This collaboration will expand and simplify developers' easy access to Web3 gaming technology, allowing game studios to seamlessly integrate Web3 capabilities into their games.
MoonPay and PayPal Formed a Partnership
According to a press release, MoonPay users in the US will be able to purchase crypto with Paypal via wallet transfer, wire transfer and debit card transactions. PayPal has over 426 million current active accounts. MoonPay has more than 15 million users. PayPal's previously limited offering of cryptocurrencies has now expanded to include most popular cryptocurrencies.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $ 59,600 with a 0.90% gain in value. The rise continues after gaining support at $56,600. Breaking $60,800 appears as a strong resistance. If it is rejected at this level, we may see pricing below $57,000 again. If stability above $60,800 is achieved, a rise to $66,800 may occur.
ETHEREUM (ETH)
ETH is priced at $2999 with a 0.48% gain in value as of the morning hours. The rise continues after receiving support at $2820. It is currently rejected at $3000, which is the intermediate resistance zone. If pricing below $3000 continues, the level of $2850 may be seen again. If the level above 3000 dollars is sustained, increases up to 3400 dollars may be seen.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5212 with a 0.64% gain in value. There is a horizontal channel between $0.46 and $0.55. There was a wick movement to the $0.48 level, but it could not be permanent. $0.50 is a critical level, and if it closes below this level, there may be a drop to $0.48. $0.50 worked as support. Areas that may be resistance include $0.55 and $0.58. $0.54 appears to be the first resistance zone.
AVALANCHE (AVAX)
AVAX is priced at $33.96 with a 1.13% gain in value as of the morning hours. There is a horizontal line between $40 and $31. It rose to $40 and was rejected. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. If the pullback continues, pullbacks up to $30 and then up to $28 may be seen. $31 is a critical zone and holds the price as support for now. If there is a loss here, a movement towards the 29 dollar level may be seen.
SOLANA (LEFT)
SOL is priced at $140.73 with a 2.28% gain in value as of the morning hours. When we examine the hourly chart, we see that the $138 – $140 resistance area has broken upwards. If there is persistence above this region, first the 145 and then the 150 dollar level can be tested. In case of a withdrawal, the broken resistance zone can be followed as support, and with the downward break of this zone, the $ 135 level appears as an important support zone.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $13,654 with a 0.46% gain in value. When we examine the hourly chart, we see that a short-term ascending triangle formation has formed following the upward breakout movement experienced yesterday. The resistance zone of this formation appears as $ 13,750. If the formation breaks upwards, the $14 level may be tested. In case of withdrawals, the $ 13,400 region can be followed as support.
WLD
WLD is priced at $4,978 with an 8% gain in value as of the morning hours. When we examine the four-hour chart, we see that the short-term falling trend line has been broken upwards. If this movement continues and persists above the $5 level, a move towards the $5,400 region may be possible. In case of withdrawals, the $ 4,800 region appears as support.
FET
As of the morning hours, FET is priced at 2.0582 dollars with a 2.83% gain in value. When we examine the hourly chart, we see that the resistance zone of $2.05 has broken upwards. If this breakout movement continues, a move towards the $2.10 region may be possible. In case of a withdrawal, the broken resistance area of $2.05 can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2307 dollars with a 0.13% gain in value. When we examine the four-hour chart, we see that there is no persistence above the $ 2400 level and at the same time, the short-term rising trend line is broken downwards. If this withdrawal movement continues, the $ 2300 level and then the $ 2280 level can be followed as support. In upward movements, the 2380 and 2400 dollar areas appear as resistance. $2300 is working as support for now. If this level is lost, there may be a decline to 2260 dollars. $2327 appears to be the first intermediate resistance zone.
OUNCE OF SILVER
As of the morning hours, silver is priced at $26.54 with a 0.37% loss in value. When we examine the four-hour chart, we see that the upward reaction from yesterday's $ 26.25 level continues to the $ 26.80 region and there is a retreat from this region. If the downward movement continues, the $26.30 level can be followed as support. If the $26.80 resistance level is broken, the $27 level can be tested.
