Ark Invest and 21Shares Update Spot Ethereum ETF
Ark Invest and 21Shares updated their joint application for a spot Ethereum ETF with an S-1 filing dated February 7. According to the filing, authorized participants will only deal with cash when selling or buying back their ETF shares. Additionally, the latest filing also shows that ETF issuers intend to stake Ethereum.
US Treasury Says Criminals and Fraudsters Are Increasingly Turning to Crypto
In one of three national risk assessment reports released Wednesday, the U.S. Treasury Department noted that fraudsters, criminals and illegal actors are increasingly using virtual assets. The Department released the 2024 National Risk Assessments on Money Laundering, Terrorism Financing, and Proliferation Financing, highlighting the risks, vulnerabilities, and threats related to illicit financing in the United States.
Ethereum Developers Deploy Dencun Upgrade on Holesky Testnet
Ethereum core developers have deployed the Dencun upgrade featuring proto-danksharding on the Holesky testnet. The Holesky implementation marks the final Ethereum testnet upgrade before Dencun's expected mainnet deployment in March. Dencun combines Cancun and Deneb upgrades on Ethereum. While Cancun targets improvements in the execution layer, Deneb focuses on improvements in the consensus layer. It is expected that transaction efficiencies on Ethereum will increase after the development, and Layer-2 protocols in particular will benefit more from the process.
Ethereum Open Option Positions May Point to Uptrend Regarding Potential May ETH ETF Approval
The cryptocurrency derivatives market indicates there will likely be more excitement in the market if a spot Ethereum ETF is approved by the end of May, according to one analyst. Bitfinex Head of Derivatives Jag Kooner told Block that investors appear to be making adjustments to Ethereum options contracts with the May 23 date in mind. The U.S. Securities and Exchange Commission has received applications for spot Ether ETFs from asset managers VanEck and Ark/21Shares. The deadline for approval decisions is May 23.
TradeStation Crypto, Inc. Settles With SEC and State Regulators and Agrees to Pay Penalty
TradeStation agreed to settle the charges and pay a $1.5 million penalty without admitting or disputing the SEC's findings, the Securities and Exchange Commission said in a statement. Florida-based TradeStation Crypto, Inc. The accusation was made against the company for failing to register the offer and sale of a crypto lending product that promised investors a way to earn interest.
Thailand to Make Crypto Trading VAT-Free to Support the Industry
Thailand's Ministry of Finance has announced value-added tax (VAT) exemption on crypto asset trading, in a move aimed at establishing the country as a leading digital asset hub. This decision, highlighted in a recent report by the Bangkok Post, aims to promote the use of digital assets as a new way to raise funds and encourage the expansion of Thailand's digital asset industry.
How Concerned Should DeFi Be About the SEC's Broker Regulation
The U.S. Securities and Exchange Commission (SEC) has adopted a rule that would require more firms that routinely deal with securities (such as hedge funds and market makers) to register as dealers and be subject to the stricter oversight that would entail. The SEC specifically emphasized the crypto side of its announcement, drawing attention to 'so-called DeFi' organizations that sought exemptions when this definition was first proposed. Two SEC commissioners, Hester Peirce and Mark Uyeda, rejected the decision, in part due to the regulatory sprawl and confusion it has caused for crypto.
In morning trading today, Bitcoin is trading at $44,580, up 0.52%. We are still in the middle of the current horizontal band. $43,000 was a critical level. It was broken in volume. At the same time, the middle part of the horizontal band was also broken in volume. The next target and resistance level appears to be $45,900. If $45,900 is exceeded and persistence is achieved, increases up to $48,000 may be seen. If it is rejected at $44,800, there may be a retreat to $42,400.
Ethereum, which lost 0.01% in value as of the morning hours, is priced at $ 2425. After breaking the $2400 level, which is the middle of the horizontal band, it continues on its way to a retest towards the breakout. The first support level is 2400 dollars, and if it persists, a rise up to 2500 dollars can be seen. If it breaks $2400 again, there may be a decline to $2280.
As of the morning hours, XRP is priced at $0.5125 with a 0.25% loss in value. $0.50 is a strong support zone and it is very important to maintain this level. There was an increase up to $0.52, but it could not be sustained. In case of a downward break of the 0.50 level, the first support zone appears to be $0.48. If there is an upward break of $0.52, a rise of $0.54 can be seen.
AVAX is priced at $35.26 with a 0.06% loss in value as of the morning hours. 34, which is a strong support level, received an upward reaction and gave a nice breakout. It is important to maintain permanence above this level. If the upward movement continues, the first resistance level is $ 36, and if we see pricing above this level, increases up to $ 38 may be seen. With the loss of $34, a retracement to $32 can be seen.
SOL is priced at $101 with a 0.58% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a pricing above $ 100 again with the reaction received from the $ 94.5 level, which we follow as the support zone. If this movement continues, the $106 region appears as an important resistance zone. If persistence above the resistance zone is achieved, a movement towards the $115 level may be possible. In case of a withdrawal, the $98 level can be followed as support.
As of the morning hours, LINK is priced at $18,875 with a 0.32% gain in value. When we examine the daily chart, we see that the strong outlook continues after the horizontal movement was broken. The $19,500 level can be followed as a resistance zone in upward movements. If this area is broken upwards, a move towards the $20 level may be possible. In case of a withdrawal, the $18 level can be followed as support.
As of the morning hours, HOT is priced at $0.001941 with a 3.74% gain in value. When we examine the daily chart, we see that the downward movement has broken upward. If this movement continues, the $0.002 level may be tested. In case of a withdrawal, the $0.001850 level can be followed as support.
As of the morning hours, JST is priced at $0.03171 with a 3.80% gain in value. When we examine the daily chart, we see that the $0.03085 resistance level has been broken upwards. If this movement continues, the $0.33 level may be tested. In case of a withdrawal, the $0.31 level can be followed as support.