Vitalik Buterin Says He’s Not Staking All His Ethereum
Ethereum co-founder Vitalik Buterin announced that he is not staking all the Ethereum he holds. He stated that the main reason for this situation is the difficulty of using the multisig feature used for staking.
SEC Declares Bitcoin ETF Applications Insufficient
The SEC announced that Spot Bitcoin ETF applications filed by asset management companies were insufficient and not sufficiently clear. As it is known, BlackRock took the first step in this regard 2 weeks ago and then giant companies such as WisdomTree, Invesco and Fidelity followed BlackRock.
Multi Token Network Project from MasterCard
MasterCard, one of the world’s largest payment services providers, continues to grow its digital asset moves. The company introduced the MTN system in an announcement. MTN, the Multi-Token Network project, will make the transactions that take place in their ecosystem more secure, scalable and interoperable, providing some important capabilities for efficient payment and commercial applications.
Vodafone Announces Cardano NFT Plans
Vodafone has announced plans to use the Cardano blockchain to issue the first NFT collection for its German arm. In a statement, it was stated that the telecom company’s German headquarters plans to launch an NFT collection this year and they want to benefit from the Cardano network in this process.
Litecoin Is Permitted in Canada
In Canada, the government has decided to lift some restrictions on crypto assets. One of the most important headlines was allowing unlimited Litecoin buy-sell transactions. Litecoin surpassed $100 levels as it got closer to the halving process and continued its rise over the past week.
Poly Network Attacked
Poly Network suffered a new attack over the weekend. The hacker used the platform to mint billions of tokens. It was announced that the attacker found a vulnerability in the cross-chain bridging tools on the network, which allowed the hacker to create significant amounts of tokens. In a statement for users, it was stated that the services were stopped. The platform also said it would examine the scope of the attack and the assets affected.
Solana Outpaces Ethereum in NFT Sales
A new record has been set in Solana, where NFT developments continue and the NFT field is on the rise after the problematic passage of 2022. Last Friday, Solana surpassed Ethereum for the first time in daily NFT sales data.
BITCOIN(BTC)
Bitcoin is priced at $ 30,701 with a 0.28% gain in value as of today morning hours. We see that the horizontal movement in Bitcoin continued in the range of 29,855-31,000 during the holiday period and performed upward and downward break tests, affected by the data and developments throughout the week. While the horizontal movement continues in Bitcoin, we see that the rise towards the resistance level continues. If the 31,000 level is broken, we can say that we can target 33,000 and then higher levels, but in case of a downward break, we can say that the 28,600-28,800 range will serve as a critical support. This week, the FOMC Minutes to be released on Wednesday may create significant volatility. Apart from the minutes, employment data to be released on Friday may have a significant impact on the market as usual.
ETHEREUM(ETH)
ETH, which gained 0.72% as of morning hours, is priced at $ 1951. We see that the 1855-1935 movement in Ethereum has broken upwards tonight. If the uptrend continues, we can say that the next targets will be 2000 and 2040 levels, unless a selling pressure is encountered at 1960 levels. We see that Ethereum has a very important resistance level, especially in the 2040 region, and this level is the resistance level of the ascending triangle pattern it has been in for the last 1 year. We can say that we are nearing the end of the pattern and in case of an upside breakout, the target is quite high in the long term.
AVALANCHE(AVAX)
AVAX, which gained 1.37% as of morning hours, is priced at $ 13.32. AVAX spent last week in the range of 12-13.70 after the 12.05 break. We can say that the 13.80 region is a valuable resistance level and that it is normal to see selling pressure in these regions and that it may be more logical to take profit and wait for the breakout before the breakout test of this region occurs. If the 13.80 breakout occurs, we can say that the next resistance is at $14.50 and $15, but the real critical resistance zone will be at $16.50.
LITECOIN(LTC)
LTC, which lost 1.10% as of morning hours, is priced at $ 112.38. Almost 1 month before the halving in Litecoin, we see a return to halving pricing. Before the holiday, we mentioned that the target level would be 102-104 range after the $ 85 break and that the rise could continue in case of a breakout. We can say that the rising triangle breakout target in Litecoin is in the $ 170 region.
COMPOUND(COMP)
COMP, which lost 3.65% as of morning hours, is priced at $ 65.94. COMP, which is one of the coins that gained the most value with the 80% value it gained last week, managed to rise to the $ 70 region, which is the critical resistance level after its return from the $ 25 level. For now, we see that this region remains intact and the pressure of profit sales from here has caused the price to retreat a little. Although we see that DeFi projects are already in an upward movement and momentum with their return from the bottom, COMP has managed to differentiate positively among DeFi projects and has risen to a very important level.
