On-Chain Data on Cardano Reaches New ATH Levels
Cardano’s DeFi ecosystem continues to rise and recover from the problems that started with the SEC lawsuit on Cardano. On Cardano DeFi, the total asset data locked on the network (TVL) has seen a significant increase and has managed to differentiate itself positively compared to other networks. After losing nearly $ 50 million in value with the lawsuit process, the TVL level in Cardano managed to rise above $ 150 million in the 2-week period. Along with the TVL data, there was a significant increase in the number of active users and daily trade volume data.
Robinhood Layoffs 7% of Employees
Robinhood Markets, one of the largest trading platforms and brokerage services, announced that they will lay off 7% of their employees, which means approximately 150 full-time employees. This will be Robinhood’s third round of layoffs in less than a year. In the announcement, Robinhood Chief Financial Officer Jason Warnick stated in his message that they made such a move to regulate volumes and improve their team structure.
Switzerland Continues Digital Currency Studies
The Governor of the Swiss National Bank commented on the launch of the CBDC pilots. He said their aim was to test real transactions with real participants in the market. The Central Bank, SIX, the country’s digital asset exchange, will conduct a CBDC test run.
HSBC Authorizes Bitcoin Ethereum ETFs in Hong Kong
HSBC, one of Hong Kong’s largest banks, has started offering Bitcoin and Ethereum ETFs to its customers. The bank requires customers who wish to use the service to accept an agreement acknowledging that the customer has completed a training course available on their website. HSBC became the first bank in Hong Kong to offer crypto ETF services.
Google Partners with HSBC to Prevent Money Laundering
Google has announced that it will work with HSBC in its anti-money laundering artificial intelligence efforts. According to the first statement made by the company, the system will provide global financial institutions with a significant benefit in identifying black money. The product is designed to enhance traditional anti-money laundering methods by using the financial institution’s own data to detect money laundering potential.
BITCOIN(BTC)
Bitcoin is pricing at $ 30,352 with a 0.28% gain in value as of today morning hours. Looking at the hourly chart in Bitcoin, we see that the horizontal movement continues and that it has risen again after testing the support level last night. In addition to its horizontal movement, it also confirmed its descending triangle movement from the top seen last week with its returns to the support zone at night. While the bullish target in Bitcoin seems to be the 31,000 breakout, the support zone is in the range of 29,800-29,950. We would like to say that we may see a breakout on one of the two sides with the data coming from the US side today, but Thursday’s data has the potential to be even more important and effective.
ETHEREUM(ETH)
ETH, which gained 0.51% as of morning hours, is priced at $ 1868. We see that the hourly horizontal channel movement in Ethereum broke down yesterday evening, but then managed to rise above 1870 again. In Ethereum, which we currently see retreating to the support zone for a re-test, if 1870 breaks down, the 1830 level will be the next support, and if we manage to stay intact and get a return signal, we can say that the target level will be 1920.
AVALANCHE(AVAX)
AVAX, which gained 0.68% as of morning hours, is priced at $ 13.32. AVAX started to perform an ascending channel movement after the upward breakout of the $ 12 zone. After testing the channel support yesterday, we can say that this movement continues for now in AVAX, which remains strong here, and if the upward movement continues, the target level will be 13.80.
