Bitcoin Investment from JP Morgan and Wells Fargo
JP Morgan and Wells Fargo became the latest major banks to announce that they are investing in Bitcoin through spot Bitcoin ETFs, with a statement on May 10. JP Morgan announced that it invested a total of 731 thousand dollars in IBIT, BITB, FBTC and GBTC with the 13F document it shared. 477 thousand dollars of this investment is in IBIT. Wells Fargo announced that it invested 140 thousand dollars in GBTC.
Ark Invest and 21 Shares iSpot Remove Staking from Ethereum ETF Applications
According to the application updated on Friday, the staking feature will not be included in Ark Invest and 21 Shares’ spot Ethereum ETF application. Ark Invest and 21 Shares did not comment on this update. Additionally, since the SEC postponed spot Ethereum ETF applications last week, no decision is expected until the end of June or early July.
Bitcoin Whale Carried $61 Million in BTC After 10 Years
Two Bitcoin wallets, which have been inactive for 10 years, transferred almost all of their assets, equivalent to 1,000 Bitcoins. These transfers, worth $61 million at current prices, were acquired by purchasing 500 Bitcoins each in 2013 for a price of $134.
Franklin Templeton CEO Says All ETFs and Mutual Funds Will Be on Blockchain
Jenny Johnson, president and CEO of Franklin Templeton, a financial firm with $1.6 trillion in assets under management, recently reiterated her pro-blockchain stance during an interview with Bloomberg host David Westland during the 27th annual Milken Institute Global Conference in California. Johnson described a situation where the company ran a side-by-side experiment to process account records using both traditional methods and blockchain over a period of six to eight months. According to Johnson, the results were very positive. “We were very surprised to see how much less expensive it was to run on the blockchain.” he expressed it with his words.
Hacker Returns $71 Million in Crypto Assets
On May 3, a whale lost 1,155 Wrapped BTC worth $71 million to a phishing attack. Surprisingly, the attacker returned all the money a week later. Before the attack, the victim had purchased 502 WBTC for 29.6 million DAI. The attacker had prepared phishing addresses in advance and monitored the victim’s on-chain activities. When the victim tried to transfer WBTC, the attacker sent 0 ETH from the phishing address.
ShapeShift CEO Launches AI Platform Called Venice
Erik Voorhees, former CEO of the ShapeShift exchange, introduced a privacy-focused artificial intelligence platform called Venice. This platform offers a variety of services such as conversation and rendering, ensuring that it does not store user data and has an anti-censorship stance. Although Venice is not a cryptocurrency app, it uses web3 infrastructure for storage and encryption while using blockchain for payment facilitation. Additionally, Morpheus cooperates with the decentralized AI network and offers free access to MOR token holders and a pro account.
Partnership Between Azuro and Chiliz
Azuro and Chiliz have partnered to support on-chain sports prediction markets where football teams can interact. The network uses a Investment Authority (PoSA) approval algorithm that allows Smart Contract Developers, validators, stakers, and other stakeholders to interact with the chain. For Chiliz, the partnership with Azuro represents an effort to step into the fast-growing on-chain prediction markets with a de facto infrastructure layer for sports prediction applications across EVM chains.
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BITCOIN (BTC)
BTC is priced at $60,980 with a 0.84% loss of value as of the morning hours. After rising to the $65,500 region, the $60,600 level was tested again with a retreat. The rise continued with a successful reaction from this region, but it came to the same region again. The first target is $66,700, the middle part of the horizontal band. If there is a break above this level, there may be a rise up to $73,000. If $60,600 is broken, there may be a retreat to $56,000.
ETHEREUM (ETH)
ETH is priced at $2886 with a 1.46% loss in value as of the morning hours. After being rejected in the middle part of the horizontal band, the $ 2920 level was tested again. The lower part of the horizontal band has been lost. In the continuation of the retreat, $2800 and then $2760 may act as support. In case of an increase, the first resistance appears to be $ 2920 and then $ 3000.
RIPPLE (XRP)
XRP is priced at $0.4929 with a 1.24% loss in value as of the morning hours. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be sustained. $0.50 is a critical level and it closed below this level. A drop to $0.48 may occur. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $32.21 with a 2.81% loss in value as of the morning hours. There is a horizontal line between $40 and $31. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. There was a pullback to $32. If the pullback deepens, the $30 level may be tested. $34 appears as intermediate resistance in any upward move.
SOLANA (SOL)
SOL is priced at $138.34 with a 3.56% depreciation as of morning hours. When we examine the four-hour chart, we see that the $140 – $142 area, which we follow as the support zone, has been broken downwards. If the downward movement continues, a move towards the $130 region may be possible. In upward movements, the broken $140 region can be followed as resistance.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 13,160 with a 2.94% loss in value. When we examine the daily chart, we see that there is horizontal movement between the $ 13 and $ 15,600 levels. Currently, there is a pricing close to the support zone, and in case of an upward reaction from this zone, the $ 13,500 zone appears as resistance. If it closes below the support zone, the $12 level may be tested.
FET
As of the morning hours, FET is priced at $2.0615 with a 4.98% depreciation. When we examine the daily chart, we see that there is a descending triangle formation. If the downward movement continues, the $1.90 region appears as support. We see that the $2.30 region is an important resistance in upward movements. This area is also the falling trend breakout area. In case of a breakout, the $2.60 region may be tested.
ARB
ARB is priced at $0.9637 with a 3.4% depreciation as of the morning hours. When we examine the four-hour chart, we see that the $1 level, which we follow as the support zone, has been broken downwards. If this downward movement continues, the $0.90 region can be followed as support. In upward movements, persistence above the 1 dollar level is important.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2353 dollars with a 0.33% loss 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 has been broken downwards. If this withdrawal movement continues, the 2300 dollar level and then the 2280 dollar level can be followed as support. In upward movements, the 2380 and 2400 dollar areas appear as resistance. $2307 is working as support for now. If this level is lost, there may be a decline up to 2260 dollars. $2360 appears as the first intermediate resistance zone.
OUNCE OF SILVER
As of the morning hours, silver is priced at $28.03 with a 0.49% loss in value. When we examine the four-hour chart, we see a downward price movement from the $28.70 area. If this movement continues, $28 and then $27.80 levels can be followed as support. In upward movements, the $28.50 region can be followed as resistance.
