$1.11 Billion Token Unlock at ARB
1.11 Billion ARBs will be unlocked on March 16, 2024. This will be the first of the Ethereum Layer-2 project’s 4-year unlock plan. The amount to be released corresponds to 87% of ARB’s total circulating supply. The remaining 5 billion tokens will be gradually released over the coming years.
Secret Talks Between Jump Crypto and SEC
Jump Crypto has filed a confidential application to take over Terraform Labs’ remaining assets after the Terra blockchain collapse. Jump Crypto played an important role in rebuilding the Terra ecosystem after the failure of the TerraUSD (UST) stablecoin launched by Terraform Labs in 2022. Jump Crypto provided billions of dollars of liquidity to back UST and helped Terra create a new stablecoin, TerraUSD Classic (USTC). Jump Crypto’s application will be treated as confidential by the SEC. After evaluating the application, the SEC will make a decision to approve, deny or request additional information.
SEC Seeks Public Feedback on Spot Bitcoin ETFs Proposed by Franklin Templeton and Hashdex
The US Securities and Exchange Commission (SEC) said on Tuesday it is seeking public feedback on whether it should approve a Spot Bitcoin ETF requested by asset manager Franklin Templeton. The SEC also announced that it will initiate proceedings for the Hashdex Bitcoin Futures ETF application and is awaiting feedback from the public.
Over 5 Million Addresses DOGE Holds
According to IntoTheBlock, the number of active addresses has more than doubled to 168,000. This is the highest figure since March 2022. According to IntoTheBlock’s latest update, the total number of addresses with a balance reached a new high of 5.11 million this week. In addition, the Dogecoin blockchain has seen a massive increase in confirmed transactions, up 1000% in the last 10 days, reaching the highest level since June.
dYdX Chain Starts Paying Trading Rewards After Executive Vote
dYdX Chain has activated trading rewards for its users following the launch of trading on the new Cosmos-based Layer 1. In addition, dYdX also announced the launch of a six-month incentive program offering rewards worth $20 million in tokens.
Standard Chartered Bank Updates Bitcoin Target Price
According to Standard Chartered Bank, Bitcoin will reach $100,000 by the end of 2024. Bank analyst Geoff Kendrick and his team explained that the next catalyst will be the approval of several US-based Spot Bitcoin ETFs, which they think will “come sooner than expected”. The team said they expect a series of Spot ETFs for both BTC and ETH to be approved in the first quarter of 2024, paving the way for institutional investment.
Circle Moves Local USDC Minting to Cosmos Main Network
Circle ported its cross-chain transfer protocol (CCTP) to the main network at Noble, allowing USDC to be minted within Cosmos’ inter-blockchain communication protocol (IBC). Circle’s cross-chain protocol will allow users to create Noble USDC that can be ported to other Cosmos applications such as dYdX. Noble will join the likes of Arbitrum, Avalanche and Ethereum in allowing native USDC minting via CCTP.
Bitcoin is priced at $ 37,950 with a 0.34% gain in value as of today morning hours. On the 4-hour chart, it respected the rising channel and got a reaction from the bottom and was able to reach its first target, the middle of the channel. Although it rose above $38,000 yesterday evening, there has been a slight retreat. After breaking the middle part of the horizontal band upwards, the upper part of the channel, i.e. $39,500, could be the next target. If there is a pullback, 37.360 seems to be the first support position.
ETH, which gained 37% as of morning hours, is priced at $ 2055. On the 4-hour chart, after breaking the falling structure upwards, it provided a fake entry again, but we see pricing above $ 2050 again. 2050 dollars is a critical level and the first target in the continuation of the upward movement will be to exceed 2135 dollars. If a downward price movement is seen, the first support zone seems to be 2010 dollars.
XRP is priced at $0.6124 with a 0.28% gain as of morning hours. On the 4-hour chart, we can now consider $0.5981 as intermediate support. In the continuation of the upward movement, $ 0.62 is the first target, and if the rise continues, a price movement up to $ 0.65 can be seen. In case of a downward pullback, the first support zone seems to be between 0.59 and 0.5988.
AVAX is priced at $ 20.88 with a 0.92% gain in value as of morning hours. The $20 level was regained. It is now very important to ensure permanence here. If $20 works as support, the target may now be $24. If $20 is lost again, this time we may see a retreat to $17.
SOL is priced at $ 58.23 with a 0.1% gain as of morning hours. When we examine the four-hour chart, we see that Solana is trading above the $ 55 level. If this rise continues, the resistance level of 59.30 can be followed. In case of a pullback, the $ 55 level can be tested.
As of morning hours, LINK is pricing at 14.545 with a 0.17% gain in value. We see that there is a horizontal movement in this region after failing to provide permanence above the 14,600 level, which we follow as a resistance level. If the retreat continues, the $ 14 level can be followed as support. If the resistance level is broken upwards, it may be possible to see a rise towards the 15,200 region.
UNIBOT is priced at $ 49.45 with a gain of 4.32% as of morning hours. When we examine the four-hour chart, we see that the resistance zone of 46.82 has been broken upwards. If this rise continues, it may be possible to see an increase towards the $ 52 region. In case of a pullback, 47 and then 44 dollar levels can be followed as support.
BADGER is priced at $ 3,680 with a gain of 3.43% as of morning hours. When we examine the four-hour chart, we see that there is a horizontal movement. The upper band of the rectangle zone is 3.885 and the lower band is 3.220. With an upward break of this region, we may see an upward move towards the 4,200 region. In case of a pullback, the 3.400 level can be followed as support.