16.04.2023 Daily Crypto Money Analysis

The Big Rise in DeFi TVL in Cardano
Cardano’s network-locked asset data (TVL) increased by 172% in the first quarter, from $50.8 million to $138.3 million. The stablecoin projects Djed and Indigo developed on the network have been a major contributor to the rise of TVL. On Cardano, the volume of stablecoins increased by 261%, while the native token ADA gained 54%.

Uniswap V3 Will Be Available on Polygon zkEVM
Uniswap, one of the largest decentralized exchanges, will make the V3 version available on Polygon’s zkEVM Layer 2 network. The decision was made by a vote on the part of the administration. In the post-decision statement, it was stated that zkEVM participation will help Uniswap to remain the leading and leading decentralized exchange.

United Arab Emirates Approves Crypto Company Licenses
Continuing its crypto moves, the United Arab Emirates has announced that they have started accepting applications from crypto companies and licensed companies are allowed to operate in the region. It is stated that the companies want to work on the Dubai side the most and after the UAE regulators, they also need to get license approval from Dubai Digital Asset Regulators. A draft for crypto assets was shared in Dubai in recent months, and it was announced that they intend to become a regional hub for investors and companies.

iOS and macOS Users Could Potentially Be Exposed to Vulnerabilities with Apple Crypto Products
A security vulnerability has been found in Apple systems. According to Kaspersky’s article, these vulnerabilities were evaluated as major threats. The first vulnerability was noted to be on the Safari web browser. Another vulnerability was “CVE-2023-28206”, which allows code to run with basic permissions. With these two vulnerabilities, it is possible to gain full access to the device and bypass security steps. To protect against this vulnerability, we recommend the latest Apple updates.

Gary Gensler continues to gather backlash
In his post after the Bittrex case yesterday, Gensler quoted the Bittex share made by the SEC’s official account and stated that the problem in the crypto markets was not due to regulatory compliance deficiencies, but to regulatory openness. Following Gensler’s tweet, Gensler has come under intense criticism from the crypto world via social media.

Crypto Regulation in the UK Could Come in a Year
Andrew Griffith, one of the UK Treasury Governors in the UK, stated that they are working on a long-term sound crypto asset regulation and a draft where firms can make the most of the opportunities. Griffith said the regulation could be enacted within the next one year.

Helium Project Moves to Solana
The move of the decentralized wireless network project Helium to the Solana network was launched on Tuesday. Helium’s transition to Solana is expected to become faster and cheaper.


BITCOIN [BTC]
Bitcoin is pricing at $ 30,269 with a loss of 0.36% as of today morning. With the transition to horizontal movement after the rise in Bitcoin, the price was priced between 29,800-30,600 for 1 week. Bitcoin, which made a return to the channel movement by compensating for the breakout on Monday, also made a tight movement in the range of 30.200-30.430 after the upward breakdown of the channel midband. In Bitcoin pricing, where the incoming balance sheet and earnings data did not have a big impact, we see that the construction data from the US side did not make a difference. If such a horizontal movement in Bitcoin continues, we can expect it to continue to diverge positively from the bottoms.

SUPPORTS 29.702 / 29.276 / 28.904

RESISTANCES 30.500 / 30.872 / 31.298


BITCOIN [BTC]
Bitcoin is pricing at $ 30,269 with a loss of 0.36% as of today morning. With the transition to horizontal movement after the rise in Bitcoin, the price was priced between 29,800-30,600 for 1 week. Bitcoin, which made a return to the channel movement by compensating for the breakout on Monday, also made a tight movement in the range of 30.200-30.430 after the upward breakdown of the channel midband. In Bitcoin pricing, where the incoming balance sheet and earnings data did not have a big impact, we see that the construction data from the US side did not make a difference. If such a horizontal movement in Bitcoin continues, we can expect it to continue to diverge positively from the bottoms.

SUPPORTS 29.702 / 29.276 / 28.904

RESISTANCES 30.500 / 30.872 / 31.298


BITCOIN [BTC]
Bitcoin is pricing at $ 30,269 with a loss of 0.36% as of today morning. With the transition to horizontal movement after the rise in Bitcoin, the price was priced between 29,800-30,600 for 1 week. Bitcoin, which made a return to the channel movement by compensating for the breakout on Monday, also made a tight movement in the range of 30.200-30.430 after the upward breakdown of the channel midband. In Bitcoin pricing, where the incoming balance sheet and earnings data did not have a big impact, we see that the construction data from the US side did not make a difference. If such a horizontal movement in Bitcoin continues, we can expect it to continue to diverge positively from the bottoms.

SUPPORTS 29.702 / 29.276 / 28.904

RESISTANCES 30.500 / 30.872 / 31.298


BITCOIN [BTC]
Bitcoin is pricing at $ 30,269 with a loss of 0.36% as of today morning. With the transition to horizontal movement after the rise in Bitcoin, the price was priced between 29,800-30,600 for 1 week. Bitcoin, which made a return to the channel movement by compensating for the breakout on Monday, also made a tight movement in the range of 30.200-30.430 after the upward breakdown of the channel midband. In Bitcoin pricing, where the incoming balance sheet and earnings data did not have a big impact, we see that the construction data from the US side did not make a difference. If such a horizontal movement in Bitcoin continues, we can expect it to continue to diverge positively from the bottoms.

SUPPORTS 29.702 / 29.276 / 28.904

RESISTANCES 30.500 / 30.872 / 31.298


Risk Disclosure
Cryptocurrency assets have higher volatility compared to traditional financial instruments and involve various unique risks. There is no guarantee or commitment regarding the prices at which transactions will be executed. Therefore, before deciding to trade on ICRYPEX, you must fully understand, assess, and consider all potential risks you may encounter. The opinions, news, research, analyses, prices, or other information provided on ICRYPEX's official website, trading application, or social media platforms are general market commentary and do not constitute investment advice. ICRYPEX is not responsible for any losses incurred as a result of investments made based on such information.

US Approves Three Major Crypto Regulation Bills - XRP Reaches All-Time High
US Approves Three Major Cryptocurrency Regulation Bills The US House of Representatives voted to approve three major cryptocurrency bills during its July session: the Digital Asset Market Clarity (CLARITY) Act, the National Stablecoin Innovations Identification (GENIUS) Act, and the Anti-CBDC Oversight Act. The CLARITY and GENIUS bills received strong bipartisan support, while the Anti-CBDC bill passed...
What Is DODO Coin?
A Comprehensive Guide to the Decentralized Trading Protocol The decentralized finance (DeFi) landscape continues to evolve rapidly, with innovative protocols emerging to provide more efficient, secure, and user-friendly trading solutions. One such protocol is DODO, a decentralized exchange (DEX) that aims to solve some of the most critical challenges in automated market making and liquidity provision....
US House of Representatives Moves to Final Vote on Major Crypto Bills - US's Largest Banks Prepare to Issue Their Own Stablecoins
US House of Representatives Moves to Final Vote on Major Crypto Bills The US House of Representatives has passed a preliminary procedural vote to advance three major crypto legislation bills—the GENIUS, CLARITY, and Anti-CBDC bills—to a final vote. The move, which passed 217-212 late Wednesday night, revives previously rejected bills. The GENIUS Act aims to create a federal regulatory framework for...
What Is Pump.fun (PUMP) and How Does It Work?
Pump.fun is an emerging decentralized platform designed to simplify and democratize the process of launching and trading meme tokens on the Solana blockchain. It has quickly gained traction among crypto enthusiasts due to its novel approach to token creation, automatic pricing mechanics, and meme-centric culture. Unlike traditional launchpads or token creation tools, Pump.fun enables users to deploy...
What Is Cryptojacking?
As the adoption of cryptocurrencies continues to expand, so do the associated security threats. Among the growing list of cybercrimes, cryptojacking has emerged as a particularly stealthy and damaging tactic. Often unnoticed by victims, cryptojacking allows malicious actors to exploit computing resources for unauthorized cryptocurrency mining. In this article, we’ll examine what cryptojacking is, how...


Create an account

Now create an account where you can use your knowledge.