MicroStrategy Increases Bitcoin Quantity
MicroStrategy purchased 18,300 Bitcoin (BTC) bringing its BTC holdings to 244,800. The purchase is valued at $1.11 billion, bringing the company’s total BTC portfolio to approximately $9.45 billion. MicroStrategy financed the purchase through $800 million in convertible notes. These notes are senior unsecured, taking priority over other debt but are not backed by collateral. Despite MicroStrategy’s large BTC purchase, the price of Bitcoin remained steady at $57,836, while the company’s stock (MSTR) price fluctuated slightly, rising 0.21% to $131.05.
Former President Trump Safe After Gunshots
Former President Donald Trump has been taken into safe custody after shots were fired near him while he was golfing in Florida. The incident has raised concerns about a possible assassination attempt on Trump, but no further details have been released. This follows a previous assassination attempt on Trump at a campaign rally in Pennsylvania earlier this year. Trump’s odds on prediction markets have risen significantly since the July attempt.
Aptos Hits Record On-Chain Activity
Aptos has shown signs of growth despite the sluggish crypto market, recording 5.4 million active monthly addresses and 578 million transactions last month. Its APT token is up 4.9% in the past year. However, there are concerns that this activity could be inflated by bots or airdrops. Long-term sustainability depends on balancing genuine user engagement and innovation.
Stablecoin Issuers Freeze $5 Million Worth of Stablecoins Tied to Lazarus Group
Stablecoin issuers have frozen $5 million worth of stablecoins tied to North Korea’s Lazarus Group following an investigation led by ZachXBT. The group allegedly laundered more than $200 million worth of cryptocurrencies through various attacks. Tether, Circle, Paxos, and Techteryx have collaborated, but Circle has been criticized for taking longer than the others. The group’s remaining funds in DAI and Ethereum have not yet been frozen.
CFTC Says Prediction Markets Are Vulnerable to Manipulation in Kalshi Case
The CFTC is appealing its case against Kalshi, who offers election contracts, arguing that the markets are open to manipulation and could threaten election integrity. The CFTC is appealing the ruling despite losing the initial case. Kalshi argues that the election markets are not gambling, provide insights and are in the public interest. The CFTC says regulation is necessary and that such markets have been manipulated in the past.
Singapore Investigates Worldcoin Account Sales for Possible Violations
Singapore authorities are investigating unauthorized Worldcoin account sales, suspecting that such transactions may violate the country’s Payment Services Act. Concerns have centered on the misuse of these accounts for money laundering and terrorist financing. Worldcoin’s use of biometric data to authenticate users has raised data privacy concerns around the world. Despite this, the project continues to grow rapidly, reaching more than 10 million users worldwide.
Sam Bankman-Fried Requests New Lawsuit
FTX founder Sam Bankman-Fried is appealing his conviction, claiming the judge who presided over his case was biased and that procedural errors were made. Convicted of seven counts of fraud, Bankman-Fried was sentenced to 25 years in prison but argues the trial was unfair. His defense also claims that evidence that could have been in his favor was suppressed. Despite members of his inner circle testifying against him, Bankman-Fried continues to claim that FTX is not bankrupt.
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BITCOIN (BTC)
BTC is priced at $58,495 as of this morning, down 1.04%. On the 4-hour chart, the price is trading above the support level of 57,369.81 USDT. It has been rejected from the resistance area of 60,000.00 – 62,000.00 USDT. The price is expected to pull back towards the support level of 57,369.81 USDT. If this level is broken, the decline towards the lower price area of 55,400.00 – 57,800.00 USDT may continue.
ETHEREUM (ETH)
ETH is priced at $2294 as of the morning hours, down 0.96%. On the ETH/USDT 4-hour chart, the price has fallen below the 2,373.44 USDT support level and is trading at 2,290.50 USDT. It has been rejected from the resistance area between 2,680.00 – 2,853.03 USDT. The price can be expected to pull back towards the 2,168.07 USDT support level. If this level is broken, the decline towards lower levels may continue.
RIPPLE (XRP)
XRP is priced at $0.5725 with a 0.35% gain as of the morning hours. On the 4-hour chart, the price failed to break the 0.5900 USDT resistance level and was rejected at this level. The 0.5900 – 0.6100 USDT resistance zone has shown its effect. In the current situation, there is a possibility that the price may pull back towards the 0.5150 USDT support level. If the 0.5150 USDT level is broken, the price may continue to fall to the 0.5150 – 0.5350 USDT support zone.
AVALANCHE (AVAX)
AVAX is priced at $23.74 as of the morning hours, down 0.28%. On the 4-hour chart, the price has pulled back from the 24.69 USDT resistance level. The resistance zone between 24.00 – 25.00 USDT has been pressuring the price. In the current outlook, the price is expected to fall to the 22.82 USDT support level. If this level is broken, a deeper drop to the 21.88 USDT level and then to the 20.00 – 21.00 USDT support zone can be seen.
SOLANA (SOL)
SOL is priced at $130.89 as of the morning hours, down 0.33%. On the 4-hour chart, the price is trying to hold just above the 131.00 USDT support level. The price, which has retreated due to selling pressure from the 145.00 – 149.00 USDT resistance area, is likely to retest the 131.00 USDT support. If this support level is broken, the price may continue to fall towards the lower price area in the 125.00 – 135.00 USDT range.
OUNCE GOLD
As of the morning hours, the ounce of gold is priced at $2587.70 with a 0.36% increase in value. On the 4-hour chart, the price is trading just below the $2,588.19 resistance level. It has reached the resistance area between $2,580.00 – $2,588.19. The price is expected to encounter resistance at this level and pull back. In case of a pullback, the decline will continue towards the support levels of $2,530.00 and then $2,477.74.
OUNCE SILVER
Silver is priced at $31,046 with a 0.42% gain as of the morning hours. On the 4-hour chart, the price is trading just below the $31,057 resistance level and has reached the resistance area between $30,300 – $31,057. It is likely to encounter resistance at this level and pullback. In a possible pullback, the price is expected to fall towards the $30,300 and then $28,700 support levels. If the downtrend line is broken upwards, the rise will likely continue.
