SEC Sues Coinbase This Time Too
After the US Securities and Exchange Commission filed a lawsuit against Binance on Monday, it announced on Tuesday that a lawsuit was filed against Coinbase. The SEC has sent a warning notice to Coinbase in recent months and yesterday’s lawsuit was filed because Coinbase violated securities laws. In detail, it was stated that Coinbase serves in three different functions such as brokers, exchanges and clearing houses, and that the exchange did not have an application to the SEC as a broker or securities exchange, thus evading the laws set by Congress. The highlight of the case was the list of coins considered as securities in the lawsuit, just like in the Binance case. Some of these coins were SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW.
SEC Moves to Freeze Assets of Binance, Binance.US and CZ
The SEC continued its moves following the Binance and Coinbase cases, taking action to freeze the assets of Binance, Binance.US and Changpeng Zhao. Although they have already stated this in the lawsuit petition, they applied for a temporary restraining order for Binance assets in order to speed up the process.
DeFi Volume Rises 444% After SEC Lawsuits
According to Cointelegraph, the total daily trading volume on decentralized exchanges approached $800 million in the last two days. According to a calculation on the three largest DEXs, trading volume on these exchanges increased by 444%. These three exchanges are Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum) and Pancakeswap V3 (BSC), which accounted for 53% of total decentralized exchange volumes in the last 24 hours.
Chainlink Partners with Swift
Swift is partnering with Chainlink to conduct an experiment on blockchain interoperability agreements for the largest companies in the financial sector. It is known that the group to be studied includes giant financial institutions such as BNP Paribas, BNY Mellon, ANZ, Citi and more than 10 institutions in total are involved in the project. In this experiment, Chainlink will perform the task of connecting public and private blockchains.
NFT Project by Louis Vuitton
The project named “Treasure Trunks” was launched as an NFT project offering different privileges to the brand’s elite customers. The French fashion giant will put the collection on sale for €39,000. Some of the exclusives of the collection are that NFT holders will be entitled to exclusive products and access to different experiences that the company will offer. The collection will consist of several hundred NFTs and NFT owners will be sent their NFTs together with a Louis Vuitton trunk.
Aave Prepares to Launch New Stablecoin “Gho” to Run on Ethereum.
Aave is preparing to launch a stablecoin called Gho. Gho will run on the Ethereum network and will be available on the Aave platform. Stablecoin will provide price stability independent of other crypto assets. Aave aims for Gho to be a trusted store of value and lending instrument. Gho is currently being evaluated by the community. It will then be put to a management vote. If the project is approved, GHO will be launched with a $100M borrowing cap and will be produced by Aave V3 users in exchange for Ethereum investments. Aave’s entry into the stablecoin market could spur further innovation in the DeFi space.
ETH, which gained 0.19% as of morning hours, is priced at $ 1881. In Ethereum, we see that the 1780-1955 horizontal channel movement since the end of April continues. After returning to the support level with the Binance news, ETH, which broke the 1870 region, which is the mid-channel mid-band, by rising again yesterday, is re-testing this region after the break. If Ethereum does not break and manages to stay strong above 1870, we can target 1920 and then 1960 regions.
AVALANCHE [AVAX]
AVAX is trading at $ 14.60, losing 0.21% as of today morning hours. AVAX became one of the largest market capitalization coins among altcoins not named in the SEC lawsuit. This has not yet had a positive impact on its pricing, but we also see that it is not affected by negative pricing like other coins. AVAX continues its area scanning movement on the 4-hour chart. AVAX, which rose to 14.60 levels by realizing a significant rise after the buying opportunity it gave by falling to 13.90 yesterday Although it faced selling pressure before rising to our target level of 14.90, it managed to realize a movement of close to 6% in a one-day period.
LITECOIN [LTC]
LTC is trading at $ 91.15 with a 0.28% gain in value as of morning hours. In Litecoin, we see that the price movement between the $ 84-89.90-94 levels continues. LTC, which finally broke 89.90, then re-tested this level and started to rise and is currently priced at 91. If it can exceed the 91.30 zone, we can say that the target in LTC will be 94 dollars.
FANTOM [FTM]
FTM is trading at $ 0.3023 with a loss of 0.92% as of morning hours. In FTM, we see that the channel middle band broke upwards after the turn from the channel bottom in 4 hours and then realized a re-test and started to rise again. If FTM can continue its uptrend, we can say that its target level will be 0.3180.
ETH, which gained 0.19% as of morning hours, is priced at $ 1881. In Ethereum, we see that the 1780-1955 horizontal channel movement since the end of April continues. After returning to the support level with the Binance news, ETH, which broke the 1870 region, which is the mid-channel mid-band, by rising again yesterday, is re-testing this region after the break. If Ethereum does not break and manages to stay strong above 1870, we can target 1920 and then 1960 regions.
AVALANCHE [AVAX]
AVAX is trading at $ 14.60, losing 0.21% as of today morning hours. AVAX became one of the largest market capitalization coins among altcoins not named in the SEC lawsuit. This has not yet had a positive impact on its pricing, but we also see that it is not affected by negative pricing like other coins. AVAX continues its area scanning movement on the 4-hour chart. AVAX, which rose to 14.60 levels by realizing a significant rise after the buying opportunity it gave by falling to 13.90 yesterday Although it faced selling pressure before rising to our target level of 14.90, it managed to realize a movement of close to 6% in a one-day period.
LITECOIN [LTC]
LTC is trading at $ 91.15 with a 0.28% gain in value as of morning hours. In Litecoin, we see that the price movement between the $ 84-89.90-94 levels continues. LTC, which finally broke 89.90, then re-tested this level and started to rise and is currently priced at 91. If it can exceed the 91.30 zone, we can say that the target in LTC will be 94 dollars.
FANTOM [FTM]
FTM is trading at $ 0.3023 with a loss of 0.92% as of morning hours. In FTM, we see that the channel middle band broke upwards after the turn from the channel bottom in 4 hours and then realized a re-test and started to rise again. If FTM can continue its uptrend, we can say that its target level will be 0.3180.
Bitcoin is priced at $ 26,921 with a 1.14% loss in value as of today morning hours. Although the Coinbase case, which followed the Binance case in Bitcoin, caused the price to drop to 25,300 levels, it managed to rise to 27,300 by showing a significant reaction from the 25,300 level. BTC has settled in the 26,800-26,900 band, showing a small retracement movement since the night hours. On the 4-hour chart, we can say that the target zone of the channel movement that it has realized and re-entered yesterday is the 27.500 level and the breakout of this level can push the price back to the 28.600 region, but if it stays within the channel and cannot hold the channel mid-band, we can say that 26.200 support should be considered.
ETH, which gained 0.19% as of morning hours, is priced at $ 1881. In Ethereum, we see that the 1780-1955 horizontal channel movement since the end of April continues. After returning to the support level with the Binance news, ETH, which broke the 1870 region, which is the mid-channel mid-band, by rising again yesterday, is re-testing this region after the break. If Ethereum does not break and manages to stay strong above 1870, we can target 1920 and then 1960 regions.
AVALANCHE [AVAX]
AVAX is trading at $ 14.60, losing 0.21% as of today morning hours. AVAX became one of the largest market capitalization coins among altcoins not named in the SEC lawsuit. This has not yet had a positive impact on its pricing, but we also see that it is not affected by negative pricing like other coins. AVAX continues its area scanning movement on the 4-hour chart. AVAX, which rose to 14.60 levels by realizing a significant rise after the buying opportunity it gave by falling to 13.90 yesterday Although it faced selling pressure before rising to our target level of 14.90, it managed to realize a movement of close to 6% in a one-day period.
LITECOIN [LTC]
LTC is trading at $ 91.15 with a 0.28% gain in value as of morning hours. In Litecoin, we see that the price movement between the $ 84-89.90-94 levels continues. LTC, which finally broke 89.90, then re-tested this level and started to rise and is currently priced at 91. If it can exceed the 91.30 zone, we can say that the target in LTC will be 94 dollars.
FANTOM [FTM]
FTM is trading at $ 0.3023 with a loss of 0.92% as of morning hours. In FTM, we see that the channel middle band broke upwards after the turn from the channel bottom in 4 hours and then realized a re-test and started to rise again. If FTM can continue its uptrend, we can say that its target level will be 0.3180.
