18 Million Dollar Investment from Tether
Tether announced a strategic investment of $18.75 million in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology.
Bitcoin Options Pricing Above $74,000
The recent large purchase of Bitcoin options for June delivery at prices above $74,000 indicates that investors expect the price to exceed $74,000 by the end of the month. Analysts at QCP Capital noted that there was significant bullish activity in these options, indicating the expectation of a definitive break above $74,000. Data from Deribit shows that the highest option interest is in the $75,000 call options. Additionally, the highest trading volume on Wednesday was for $80,000 worth of call options expiring at the end of June, and these options totaled over $123 million with 1,723 contracts.
17-Day Series of Entry in Spot Bitcoin ETFs
When we examined the data dated June 5, there was an inflow of $ 488 million in spot Bitcoin ETFs, thus making inflows for 17 consecutive days. The longest entry series was recorded in January and February, and this situation was equalized with the 17-day entry series. When the evaluation was made on an ETF basis, entry was made to all ETFs. The highest inflow occurred on the FBTC side with 221 million dollars.
Chainlink is Again at the Most Improved RWA Summit
Chainlink; It stood out as the most developed RWA project for two consecutive months. Chainlink (LINK), the decentralized blockchain oracle network built on Ethereum, has once again emerged as the asset with the most development activity in the last 30 days. According to Santiment’s tweet, LINK is followed by Synthetix (SNX), Centrifuge (CFG) and Oraichain (ORAI).
Ethereum Ecosystem Users Increased 9X Since 2020
There are almost nine times more daily active users in the Ethereum ecosystem than there were just four years ago, and analysts say the increased demand will push Ethereum to new heights. Additionally, crypto ETF issuer VanEck raised its price target for Ethereum, sharing that it expects Ethereum to reach $22,000 by 2030.
Ripple Partners with Clear Junction for Cross-Border Payment
Ripple announced a new partnership with Clear Junction, a global provider of cross-border payment solutions for regulated institutions. Ripple payments will be secured in GBP and EUR, with plans to secure more currencies later this year.
SEC Chairman Says Spot Ethereum ETFs Will Take Some Time
SEC Chairman Gary Gensler announced that it will take some time for spot Ethereum ETFs to launch, despite approving the relevant 19-4b filings last month. Gensler said ETF applications have gone through normal procedures but remained vague on the timeline for launch. Additionally, the SEC chairman criticized crypto exchanges for ugly practices and said the market is rife with fraud and manipulation. He added that the SEC is committed to ensuring integrity across markets.
Four-Hour Outage on Cosmos Hub Blockchain
The Cosmos Hub blockchain experienced an unexpected outage of approximately four hours early this morning. The Cosmos Hub outage occurred during the v17 upgrade, where Hub validators fixed a vulnerability in the Liquid Staking Module. Later, Cosmos Hub announced that the problem that caused the outage was resolved.
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BITCOIN (BTC)
BTC is priced at $70,890 with a 0.30% loss of value as of the morning hours. The horizontal channel between $72,760 and $60,800 is still maintained. Yesterday, there was an increase up to $71,800, but it could not be sustained. If the pullback continues, $70,000 is seen as the first major support. As resistance, $71,700 is currently working. Closings above $71,500 are required for the continuation of the rise.
ETHEREUM (ETH)
ETH is priced at $3845 with a 0.48% loss of value as of the morning hours. The rise continues after the $3730 level worked as support. For the continuation of the rise, it is important to maintain permanence above $ 3860. If persistence is achieved, an increase up to $4000 may be seen. If a pullback occurs, the first support is likely to be at $3800.
RIPPLE (XRP)
XRP is priced at $0.5240 with a 0.34% loss of value as of the morning hours. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be permanent. $0.50 is a critical level and this level has been regained. Initial support again appears to be the range between $0.52 and $0.51. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $36.19 with a 1.07% loss in value as of the morning hours. After the horizontal area broke up, we saw a movement up to the $42 level, but it could not be sustained above this area. In case of withdrawals, the 35 and 33 dollar areas can be followed as support. The middle region of the horizontal band has been regained. In upward movements, if there is persistence above the $40 level, the $45 region can be targeted. There is an upward trend in the short term.
SOLANA (SOL)
SOL is priced at $172.62 with a 0.52% depreciation as of the morning hours. When we examine the daily chart, we see that the $170 level, which is the resistance zone we have been following for a long time, has been broken upwards and another resistance zone, the $175 level, is being tested. For now, there is some retreat from this resistance zone. If this movement continues, the $170 level can be followed as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $17,398, with a 1.93% loss in value. When we examine the daily chart, we see that 17,500, which we follow as a support zone, has been tested. If there is a daily close below this zone, we can expect the withdrawal movement to continue and a withdrawal movement towards the $ 17 level may be possible. In upward movements, the $18 level can be followed as resistance.
DYDX
DYDX is priced at $2,129 with a 2.02% gain in value as of the morning hours. When we examine the daily chart, we see that the falling trend line has been broken upwards. If this movement continues and persists above the $2.05 region, a move towards the $2.20 level may be possible. In case of withdrawals, the $2 level can be followed as support.
WLD
As of the morning hours, WLD is priced at $ 4,938 with a 0.12% gain in value. When we examine the four-hour chart, we see a horizontal movement between the $4,527 and $5,152 levels. These two levels can be followed as main support and resistance zones. If short-term movements persist above the $5 level, the resistance zone can be tested.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2367 dollars with a 0.49% gain in value. The rise continues after receiving support at $2320. $2380 is among the areas that can act as resistance. If $2380 breaks upwards, $2400 can be seen again. In case of pullbacks, the 2360 and 2350 dollar areas appear to be strong support.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 30.50 with a 1.64% gain in value. When we examine the four-hour chart, we see that there is an upward reaction movement from the $ 29.50 level, which we follow as the support zone, and the $ 30 level, which is the resistance zone, has been passed. If this movement continues, the $30.80 level appears as resistance.
