ARK Invest Becomes First Applicant to Submit Rule Change
ARK Invest was the first company to file the s-1 rule change for its spot Bitcoin ETF before the SEC’s deadline. With the announcement made this week, the SEC set the deadline as December 29th. The SEC reported that applications that did not meet the deadline will not be part of the potential spot Bitcoin ETF approval wave that could happen in early January.
Bitcoin Options Trading Volume at All-Time High
Bitcoin options trading volume reached an all-time high. Bitcoin’s monthly options trading volume surpassed $38 billion on cryptocurrency derivatives exchanges. When the value of the options that will expire on Friday on the Deribit exchange is analyzed, it is seen that it is worth approximately 7.7 billion dollars. It is known that most of these options are call options.
PancakeSwap Enters Web3 Gaming with 1.5 Million Users
Decentralized exchange PancakeSwap enters Web3 gaming with Gaming Marketplace. With multi-chain support, PancakeSwap predicts success with “Pancake Protectors” and invites developers to join the thriving ecosystem. Gaming Marketplace is seen as a vibrant community that allows developers to showcase games to a wide audience and integrates CAKE tokens and NFTs into the platform.
Celsius Network Transitions to Bitcoin Mining
Celcius Network has received the green light to make a strategic shift to Bitcoin mining. This decision represents a significant turnaround for the company. It was announced that this change will not adversely affect customers or creditors. In addition, it was announced that customers will receive shares in the new Bitcoin mining venture.
Terraform Labs Achieves Partial Victory in SEC Case
Terraform Labs achieved a partial victory in a lawsuit initiated by the US Securities and Exchange Commission (SEC) on December 28. Judge Jed Rakoff granted summary judgment in favor of Terraform Labs, declaring that the firm did not offer and execute transactions in security-based swaps. In addition, the Judge explained that mAsets offered under the Terra-based “Mirror Protocol” meet most, if not all, of the requirements of security-based swaps.
ARK Sells the Rest of GBTC Assets and Invests $100 Million in Bitcoin ETF
ARK Invest, the institutional asset management firm run by Cathie Wood, liquidated all of its remaining $200 million of Grayscale Bitcoin Trust (GBTC) assets on December 28, according to Bloomberg ETF analyst Eric Balchunas. About $100 million, or half of the proceeds from the GBTC sale, were used by the investment firm to buy Bito, a Bitcoin Futures ETF. But ETF watchers believe the investment house is using it as a temporary measure until it can find a more liquid portfolio. After this latest investment change, Ark is now the second-largest Bito holder, according to Eric Balchunas, an ETF analyst at Bloomberg.
Vitalik Buterin Wants to Remake Ethereum Cypherpunk
Vitalik Buterin, one of the network’s creators, believes that Ethereum should reignite the “cypherpunk” revolution imagined for the blockchain in its early stages. In a post on December 28, Buterin said that the main goal of Ethereum is to create a ‘public, decentralized shared hard drive’ that will enable decentralized file storage and peer-to-peer communication. But in 2017, as Ethereum moved towards financialization, this target began to diminish.
Pink Drainer Strikes Again and Stole $4.4 million from Just 1 Investor
The massive Chainlink theft of $4.4 million from a single victim who was tricked into signing the ‘Boost Confirmation’ function has been linked to the crypto hacking organization known as ‘Pink Drainer’. According to on-chain statistics, within a minute of the completion of the ‘Confirmation Auction’, the investor received 275,700 LINK in LINK (currently worth $4.33 million) during two trades.
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BITCOIN(BTC)
Bitcoin is pricing at $ 42,645 with a 0.21% gain in value as of today morning hours. After retreating to the $ 42,000 level, it was able to come up to $ 42,750 again with purchases, but it is also eating selling pressure from here. The first support position seems to be 42,400 dollars. If a break below this level occurs, a decline up to $ 40,500 may occur. If the break of $44,400 occurs, a rise to $45,500 can be seen.
ETHEREUM(ETH)
ETH, which gained 0.43% as of morning hours, is priced at $ 2354. After breaking the upper part of the horizontal band, it realized a rise up to $ 2440 in a very voluminous way and faced selling pressure from resistance. The upper part of the horizontal band is now a region that can work as support, and with the reaction it will receive from here, rises up to $ 2500 can be seen. If the horizontal band enters again, decreases up to $ 2250 may occur.
RIPPLE(XRP)
XRP is priced at $0.6316 as of morning hours, down 0.46%. 0.6460 resistance seems to be broken for the moment. With the break of $ 0.6545, rises up to $ 0.70 can be seen again. Pricing below $0.6460 may cause it to fall back to $0.60 support.
AVALANCHE(AVAX)
AVAX is priced at $ 41.40 with a 4% gain in value as of morning hours. The loss of 44 dollars caused a decline. If $42 is also lost, $40 and then $38 are likely to work as support. Pricing above $ 40 may cause an increase up to $ 50 again. Since it has experienced a serious rise in the past days, its withdrawal can be high at that rate. Pricing between $40 and $50 will be quite positive.
SOLANA(SOL)
SOL is priced at $1056.1 with a gain of 4.19% as of morning hours. When we examine the hourly chart, we see that the retracement movement continues up to the $ 99 level and a reaction is taken from the support level in this region. In addition to this reaction movement, we can also consider the upward break of the falling trend line as positive. If the upward movement continues, the 110 dollar level appears as an important resistance. In case of a pullback, the $ 100 level can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 15.940 with a 0.41% loss in value. When we examine the hourly chart, LINK, which descended below the 15.800 support level with the retracement movement, is moving above this level again. If the downward movement continues and the 15,800 zone is broken down, a downward movement can be seen up to the 15,200 zone. In order for the rise to be permanent, it is necessary to exceed the 16,200 level in the short term.
AXS
AXS is priced at $ 9.51 with a 4.5% gain as of morning hours. When we examine the hourly chart, we see that the falling channel movement and the horizontal resistance level in the 9.45 region were broken upwards. If this movement continues, an upward movement towards the 9.90 region can be seen. In case of a pullback, the $ 9.2 level appears as an important support zone.
APT
APT is priced at $9.9114 with a 3.2% gain as of morning hours. When we examine the four-hour chart, we see that an upward reaction was taken from the 9.60 region, which was the support zone after yesterday’s retracement movement. If this movement continues, 10.20 is an important resistance. In case of a pullback, the 9.7 level can be followed as support.
