Aptos Unlocks 25 Million Tokens
According to TokenUnlocks, 24.8 million APT tokens, valued at over $200 million and accounting for 8.9% of the token’s circulating supply, were unlocked yesterday by the Tier 1 blockchain Aptos. Among the largest remaining unlocks this year is APE, worth $26 million by the end of December.
BlackRock Revises ETF Application for Easy Bank Access
BlackRock has revised its spot Bitcoin ETF application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash instead of just crypto. This revision will allow banking giants like JP Morgan or Goldman Sachs to act as authorized participants for the fund.
Ethereum Staking Network Launches Permissionless Mainnet
SSV Network, a company that provides infrastructure for Ethereum staking, launched its permissionless mainnet, becoming the first project to reach this milestone with “distributed verification technology” or DVT. By distributing tasks across various parties, SSV DVT helps Ethereum validators avoid single points of failure and increase overall resilience. According to the initiative, with the permissionless launch of the SSV Network, anyone will be able to share and support the overall health of Ethereum.
El Salvador Expects Bitcoin Freedom Visa to Run Out by the End of the Year
El Salvador’s National Bitcoin Office has received hundreds of applications for its $1 million Freedom Visa program since its inception on December 7. El Salvador expects to sell out of the visa by the end of this year. Launched on December 7 by the government of El Salvador in collaboration with stablecoin provider Tether, the Freedom Visa program is an initiative that offers citizenship by donation to 1,000 people who are ready to invest $1 million in Bitcoin with a residence visa.
ARK Invest Continues GBTC Sale
Cathie Wood’s ARK Invest had its biggest sell-off of GBTC shares in the ARKW ETF this year. The sale reduced ARKW’s GBTC holdings to $112.7 million, which is approximately 6.95% of the ETF’s total value.
AVAX Achieved 3-digit Earnings
With the latest increase, AVAX’s total market capitalization rose to $14.35 billion from $3.25 billion in mid-October at the start of the recovery. That’s an increase of more than $341% in just two months. AVAX’s market capitalization has also increased by 200% in the last 12 months from $4.04 billion recorded in December 2022.
Cooperation Between Ripple’s Partner SBI Holdings and Saudi Aramco
Ripple’s major partner, SBI Holdings, a Japan-based financial services firm, announced a strategic alliance with Saudi Aramco. The collaboration will focus on digital asset investment programs, while SBI Holdings expects to expand further into the Middle East through the partnership.
USDC is the Strongest Stablecoin According to S&P Global Ratings Report
S&P Global Ratings announced a series of stability ratings for various stablecoins yesterday, assessing the stability strength of each asset on a five-point scale. S&P Global described the USDC coin as the strongest stablecoin on the market. In the report, it was announced that USDC was fully backed by low-risk assets and received a score of 1, the best possible rating, but received a score of 2, stating that there was ‘insufficient evidence’ as to whether the assets could be protected if Circle went bankrupt.
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BITCOIN(BTC)
Bitcoin is priced at $ 40,970 with a 1.27% loss in value as of today morning hours. Yesterday, $ 42,000 was tested again, but the upward break was not successful. Support between $41,000 and $40,000 looks strong. With the loss of this place, a retreat up to $ 38,200 can be seen. In pricing above $ 42,000, an increase up to $ 45,200 can be seen.
ETHEREUM(ETH)
ETH, which lost 1.56% as of morning hours, is priced at $ 2169. We see $2150 working as a strong support. If it stays above this point, an increase of up to 2300 dollars can be seen. If a downward break occurs, $2100 seems to be the first support position.
RIPPLE(XRP)
XRP is priced at $0.6064 with a 2.10% loss in value as of morning hours. 0.60 dollars is a critical level and it seems to have received support from here again. If persistence is achieved here, an increase up to $ 0.68 can be seen again. In case of a down break, 0.5760 is the next support position.
AVALANCHE(AVAX)
AVAX is priced at $ 35 levels with a 6% depreciation as of morning hours. After rising up to 43 dollars, there was a drop to 35 dollars with selling pressure. The $35 zone is a strong support and may pave the way for AVAX to reach $50 on the upside. Below $35, the first support seems to be $31.44.
SOLANA(SOL)
SOL is priced at $65.67, down 4.27% as of morning hours. When we examine the four-hour chart, we see that the retreat continues and there is a pricing below the $ 66 level, which we follow as a critical support level. When we look at the levels where the price can react, we can say that the rising trend and 64.50 support are important. In case of a reaction from these levels, a movement towards the 68 region can be seen. The $ 70 level is important for the persistence of the rise.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.158 with a 2.51% loss in value. When we examine the four-hour chart, we see that the levels we follow as the support zone are broken downwards and there is a movement towards the $ 14 level. In case of a reaction from this level, 15 and 15,500 levels can be followed as resistance. If the price drops below the $ 14 level, the 13,500 level appears as an important support.
AAVE
AAVE is priced at $ 89.859, down 3% as of morning hours. When we examine the four-hour chart, we see that there is a downward breakout after a horizontal movement and prices are retreating. The most important support level is 89 dollars. In case of a pullback below this level, we may see a movement towards the 84,500 region. In case of an upward reaction, the $ 93 region can be followed as resistance.
BCH
BCH is priced at $ 226.9 with a 2.11% depreciation as of morning hours. When we examine the daily chart, we see that there is a pricing in the support zone of the rising channel. If this region breaks downwards, a movement towards the $ 210 region can be seen. In case of an upward reaction from the rising channel support, a movement towards the $ 245 and then $ 260 region can be seen.
