Robinhood Announces It Will Acquire Crypto Exchange Bitstamp
Popular trading platform Robinhood announced that it will acquire crypto exchange Bitstamp in a $200 million cash deal on Thursday, June 6. This is happening as part of Robinhood’s plan to accelerate its broader push into the digital assets market with its largest deal yet. Robinhood will complete its acquisition of Bitstamp by 2025.
Semler Scientific Continues to Purchase Bitcoin
Semler Scientific, a medical manufacturer that was on the agenda last month by adding Bitcoin to its treasury and is listed on the Nasdaq stock exchange, announced that it bought $17 million worth of Bitcoin. According to the S-3 file it published, the company has a total of 828 Bitcoins with its first Bitcoin purchase on May 28. Additionally, the firm announced that it may raise an additional $150 million in debt securities, with some of the proceeds used to purchase more Bitcoin.
$20 Million Financing from The Sandbox with a $1 Billion Valuation Line
The Sandbox, a subsidiary of Animoca Brands, announced $20 million in financing at a $1 billion valuation mark, aiming to expand the creator economy within the open metaverse. This financing, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision of a decentralized virtual world where culture intersects with gaming.
Spot Bitcoin ETFs Break Record with 18 Consecutive Daily Entries
When we examined the data dated June 6, there was a total inflow of 217 million dollars in spot Bitcoin ETFs. Thus, money inflow was realized for 18 consecutive days and the previous inflow series record was broken. When evaluated on an ETF basis, the highest inflow was on the IBIT side with 350 million dollars, while the outflows on the ARKB and GBTC sides were 96 million and 37.5 million dollars, respectively.
Telegram Launches Digital Mini App Payment System Telegram Stars
On Thursday, Telegram CEO Pavel Durov announced Telegram Stars, a new in-app payment system for digital products and services. Available on iOS and Android, Telegram Stars enables users to purchase digital services and allows developers to convert these stars into TON, The Open Network’s native token, through the Fragment exchange. Despite the 30% commission that Apple and Google charge on in-app purchases, Telegram will subsidize ads purchased with Telegram Stars, reducing the commission to almost zero if developers reinvest stars to promote their apps.
Robert Kiyosaki is Confident that Bitcoin Will Reach $350 Thousand by August 2024
Robert Kiyosaki, author of the book ‘Rich Dad Poor Dad’, predicted that the price of Bitcoin would reach $350,000 by August 25, citing the incompetence of US leaders. Although he admits that this prediction is speculative, he hopes it will come true. Kiyosaki, a long-time Bitcoin advocate; BTC has consistently stated that gold and silver are indispensable assets for individuals and organizations looking to protect themselves from the possible collapse of the US dollar. Earlier this year, he predicted that BTC would reach $100,000 by June 2024 and $300,000 by the end of the year.
Argentina Says Yes to Cardano
Cardano has formed a strategic alliance with Entre Ríos. This alliance, announced in a ceremony signed between Governor Rogelio Frigerio and Cardano’s Rafael Fraga, aroused great interest in Argentina. Although details of the partnership have not been disclosed, industry experts suggest it could include training programs, developer ecosystem development, or pilot projects for government services on the Cardano blockchain.
SingularityNET joins Polkadot Parachain and OriginTrail
SingularityNET announced a strategic partnership with Trace Labs, according to the latest information shared with Finbold on June 6. This partnership brings together SingularityNET’s expertise in Artificial General Intelligence (AGI) research and Trace Labs’ experience in commercializing Web3 and AI solutions. The main aim of this collaboration will be to enrich the Internet of Information, which forms the basis of AI data analysis.
——————————————————————————–
BITCOIN (BTC)
BTC is priced at $71,290 with a 0.69% gain in value as of the morning hours. The horizontal channel between $72,760 and $60,800 is still maintained. Yesterday, there was an increase up to $71,800, but it could not be sustained. If the pullback continues, $71,000 appears as the first major support. As resistance, $71,700 is currently working. Closings above $71,500 are required for the continuation of the rise.
ETHEREUM (ETH)
ETH is priced at $3819 with a 0.13% gain in value as of the morning hours. The rise continues after the $3730 level worked as support. For the continuation of the rise, it is important to maintain permanence above $ 3860. If persistence is achieved, an increase up to $4000 may be seen. If a pullback occurs, the first support is likely to be $3800.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5240 with a 0.58% gain in value. 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 permanent. $0.50 is a critical level and this level has been regained. Initial support again appears to be the range between $0.52 and $0.51. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $36.02 with a 0.36% gain in value as of the morning hours. After the horizontal area broke up, we saw a movement up to the $42 level, but it could not be sustained above this area. In case of withdrawals, the 35 and 33 dollar areas can be followed as support. The middle region of the horizontal band has been regained. In upward movements, if there is persistence above the $40 level, the $45 region can be targeted. There is an upward trend in the short term.
SOLANA (SOL)
SOL is priced at $171.86 with a 1.02% gain in value as of the morning hours. When we examine the four-hour chart, we see that the descending movement was broken upwards and with the subsequent withdrawal movement, this region was tested and the upward movement continued. In upward movements, the $175 level appears as a short-term resistance zone. In case of withdrawals, the $ 167.50 region can be followed as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $17,498 with a 1.45% gain in value. When we examine the daily chart, we see that $ 17,500, which we follow as the support zone, has been tested. If there is a daily close below this zone, we can expect the withdrawal movement to continue and a withdrawal movement towards the $ 17 level may be possible. In upward movements, the $18 level can be followed as resistance.
BCH
BCH is priced at $515.4 with a 3.87% gain in value as of the morning hours. When we examine the daily chart, we see a horizontal movement between the $422 and $525 levels. These two levels can be followed as main support and resistance zones. If this resistance zone is passed in upward movements, a move towards the $ 560 level may be possible. In case of withdrawals, the $500 level can be followed as support.
1INCH
1INCH is priced at $0.4935 with a 2.32% gain in value as of the morning hours. When we examine the hourly chart, we see that the $0.4850 area, which we follow as the resistance zone, has been broken upwards. If this movement continues, the $0.50 level may be tested. In case of withdrawals, $0.49 appears as a short-term support zone.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2376 dollars with a 0.02% gain in value. The rise continues after receiving support at $2320. $2390 is among the areas that can act as resistance. If $2380 breaks upwards, $2400 can be seen again. In case of pullbacks, the 2360 and 2350 dollar areas appear to be strong support.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 31.29 with a 0.10% loss in value. When we examine the four-hour chart, we see that after the upward movement, there was a downward reaction from the $ 31.50 level, which we follow as the resistance zone. At the same time, this image indicates a double top formation. In case of withdrawals, the $31 level can be followed as support. If the resistance zone is crossed, the 32 dollar zone can be targeted.
