Alibaba to Start Selling NFTs Outside China
Alibaba’s E-Commerce platform AliExpress is launching 5555 NFTs with the NFT project called “The Moment3!” on June 25. This is Alibaba’s second such transaction since May. is seen as a major crypto move. The first was the integration of Shopping.io in early May to accept crypto payments.
Bitcoin Supply Continues to Fall in the US
The SEC’s stance against crypto companies and projects in the US has caused the Bitcoin supply in the US to fall by more than 10% in the last 1 year. In this process, the crypto regulation moves of the Asian side, especially Hong Kong, enabled Bitcoin from the US to shift to Asia. During this period, assets in Europe remained at a similar level.
Binance.US Stops Dollar Trading
Binance.US Changpeng Zhao and his site announced that they stopped dollar deposits due to pressure from the regulator to protect customers. At the same time, the company announced that from June 13th, fiat withdrawals from the banks they cooperate with will also be paused. It was also stated that buy-sell, staking and deposit-withdrawal transactions continue in cryptocurrencies.
Europe Entered Recession
Europe technically entered recession in the first quarter of this year. With the European GDP data, which showed a 0.1% decline in the last quarter of 2022 with the first quarter growth rate announced as -0.1%, the European Region, which has seen two consecutive quarters of decline, has technically entered a recession.
Important Statements from the Company that Owns the Sandbox
As it is known, Sandbox was one of the coins mentioned in the SEC’s lawsuit. This caused the project to lose significant value and put it at risk. Speaking about these reasons, Yat Siu, director of Animoca Brands, which owns Sandbox, said that they will focus on markets outside the US. AHe also added that the project is global and will not be dependent on a single country. The SEC found that SAND is not a governance or utility token and that Animoca Brands and its subsidiaries are illegally raising money.
USDC-Arbitrum Integration Realized
Circle has realized the integration of USDC with Arbitrum, the Ethereum Layer-2 solution. Arbitrum, the 9th Circle reaches. became blockchain. Arbitrum is one of Ethereum’s leading layer-2 scaling solutions.
Enjin Moves to New Mainnet
Enjin, the NFT platform, is transitioning to a new main network called Enjin Blockchain. In the statement made, it was stated that the new blockchain offers many different advantages to its customers. Enjin Blockchain will be different from blockchains that rely on smart contracts, and NFT creation and transfer operations will be added to the blockchain’s underlying code. At the same time, the new network includes two new features, Fuel Tanks and Discrete Accounts, which can be advantageous for developers and users. The move to the new network will be realized by forking Enjin’s Polkadot side network named Efinity.
BITCOIN [BTC]
Bitcoin is priced at $ 26,490 with a 0.05% gain in value as of today morning hours. After failing to stay strong as expected at the 26,800 level in Bitcoin, the price was seen to return to the support zone at the 26,200 level. After hitting 26,200 support, we started to see a tighter movement in Bitcoin. While the news from Binance.US is still important, negative news flows may cause a break of 26,200 and talk of the 25,200 region again.
ETHEREUM [ETH]
ETH, which gained 0.24% 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 was the mid-band of the channel by rising again yesterday, retested this region after the breakout and fell below this level and retreated to the 1820 level. We can say that pricing in Ethereum does not look very positive and that the 1780 level is quite critical if the price retreats further.
