CBOE Announces Bitcoin and Ethereum Futures
CBOE, America’s largest options exchange, announced on November 13 that they will list Bitcoin and Ethereum futures. CBOE announced that Bitcoin and Ethereum futures will start trading on January 11, 2024. At the same time, the exchange said it would allow investors to trade futures without collateral.
Ripple’s ETF Application Denied
Overnight last night, XRP gained nearly 12% in 30 minutes following the news that BlackRock had applied for a Ripple ETF. However, Bloomberg analyst Eric Balchunas later contacted BlackRock to confirm that the news was false. After this situation, XRP gave back all the bullishness.
Inflows to Digital Asset Funds Continue
Digital asset funds saw $293 million worth of inflows last week. With 7 consecutive weeks of inflows, the total amount exceeded USD 1 billion. The highest weekly inflow was in Bitcoin with 240 million dollars. Ethereum experienced the highest inflow since August 2022 with $49 million, resulting in inflows for the last 2 weeks. In addition, there was a $12.4 million inflow in Solana and a $3.1 million outflow in Ripple.
AAVE Resumes Operations After Vulnerability Issue
Following a security vulnerability earlier this month, Aave halted its version 2 and version 3 operations. According to the statement, operations have resumed and no funds have been affected. Once the protocol is fully operational, users will again be able to deposit, repay, initiate and close credit positions.
Lens V2 Movement from Aave Companies
Web3 software technology company Aave Companies introduced the second version of its social protocol Lens at the DevConnect event in Istanbul yesterday. According to a statement, the update includes improved composability and other upgrades to enable developers to create new social experiences. The Aave team announced that all apps and Lens V1 profiles will be migrated to V2, including 11 million users and over 34 million social interactions.
Large USDT Issuance from Tether
Stablecoin issuer Tether issued a total of 4 billion USDT last month. It also issued 3.75 billion USDT between June 12 and July 12. In addition, Tether not only mints USDT, but also burns a certain amount of coins. Tether burned 1.2 billion USDT on the Tron blockchain on August 22.
GBTC Sale by Ark Invest
Ark Invest, owned by Cathie Wood, sold 200,000 shares of GBTC worth $6 million from its Next Generation Internet ETF (ARKW) in a week when Bitcoin rose 10%. Following this sale, GBTC remains ARKW’s largest holding with a 9.97% weighting valued at approximately $132 million.
Render Foundation’s New Solana Compliant Voting System
While the Solana upgrade is underway, the Render Network Foundation is introducing a new Solana voting system for the RNP process, allowing community members who upgrade to RNDR SPL tokens to participate in network governance. The new Solana voting system on Nation.io works similarly to the Snapshot voting system the network used for previous RNP voting.
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BITCOIN(BTC)
Bitcoin is priced at $ 36,560 with a 0.26% gain in value as of today morning hours. BTC, which retreated back to this region after breaking the rising channel movement that we follow, fell to 36,400, which we follow as a support level. Maintaining this level is important for the continuation of the upward movement. If the 36,400 level is broken down, a decline towards the 35,600 level may be possible. If the upward movement continues, we see that the 37,000 level is an important resistance. With the break of this region, a movement towards the 38,000 region can be seen.
ETHEREUM(ETH)
ETH, which gained 0.27% as of morning hours, is priced at $ 2058. ETH, which rose to $ 2130 with the rise on Friday and over the weekend, retreated a little from this level. The $ 2035 level, which we follow as a support level, seems to be working for the moment. If this level is broken down, there may be a retracement towards 2000 and then 1970 levels. If the rise continues, an increase up to $ 2120 can be seen.
RIPPLE(XRP)
XRP is priced at $0.6662 with a 0.58% loss in value as of morning hours. XRP, which rose as high as 0.75 with the ETF news yesterday, gave back all the rise after the news was confirmed to be fake. When we analyze the 4-hour chart, we see that there is a consolidation zone between 0.6965 and 0.6450. A break of either of these two levels could lead to a move in that direction. These levels can be followed as support and resistance.
AVALANCHE(AVAX)
AVAX is priced at $ 16.92 with a 4.78% gain in value as of morning hours. Yesterday, there was some retracement with the break of the 17.85 zone, which we followed in the short term. Falling to $ 16, AVAX received some reaction from this point. In upward movements, 17 and 17.90 levels can be followed as resistance.
SOLANA(SOL)
SOL is priced at $ 54.70 with a 5.97% gain in value as of morning hours. SOL, which experienced some retracement yesterday, fell as low as 51.40. If the reaction from this level continues, the 55.40 level can be followed as resistance. If this level is exceeded, $ 60 levels can be tested again. The support level is 51.40.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.791 with a 3% gain in value. LINK, which fell to 14,250 with some retracement yesterday, received a reaction from the support point at this level. If the rise continues, the $ 15 level can be followed as resistance. With a downward break of the 14,250 support level, there may be a retracement towards the 13,500 level.
MATIC
MATIC is priced at 0.9336 with a gain of 5.80% as of morning hours. When we examine the daily chart, a bullish movement took place with the upside break of the rectangle pattern. The 0.96 region can be followed as a resistance level. With a break of this level, a rise towards the 1 dollar level may be possible. In case of a pullback, 0.90 and below 0.86 may be tested.
MKR
MKR is pricing at $ 2.32 with a 2.32% gain in value as of morning hours. When we analyze the 12-hour chart, we see that the price re-entered the rectangle pattern zone. The resistance level is 1465. If this level is broken upwards, there may be a rise towards 1580, which is the upper band of the rectangle zone. 1350 and 1270 levels can be followed as support levels.
