Bitcoin Investment from Swiss Bank UBS Group
Switzerland-based global investment bank and financial services firm UBS Group AG announced that it has a significant investment in IBIT with the 13F document submitted to the Securities and Exchange Commission (SEC). According to the information, UBS Group invested in Bitcoin through IBIT with 3600 shares. The value of this investment is approximately 124 thousand dollars.
Bitcoin Investment from Wisconsin State Board of Investments
In the USA, the Wisconsin State Investment Board (SWIB) announced that it has invested in spot Bitcoin ETFs in a document it recently submitted to the Securities and Exchange Commission (SEC). According to the document, SWIB owns IBIT shares worth $100 million. This announcement marks SWIB as the first state-level institution to publicly disclose its holdings in spot Bitcoin ETFs and signals a significant step in the integration of Bitcoin into traditional investment portfolios.
Increase in Turnover and Revenue of Galaxy Digital Holdings
Galaxy Digital Holdings’ turnover and revenue increased in the first quarter, driven by the rise in cryptocurrency prices and the record performance of its mining operation. According to the announced balance sheet, the company’s net income increased to 421.7 million dollars in the three-month period ending in March. This increase shows a growth of approximately 214% compared to the previous quarter.
MicroStrategy Will Be Included in the MSCI Global Equity Index
MicroStrategy, known for owning approximately $13 billion worth of Bitcoin, will be included in a major global stock index. The inclusion of a Bitcoin and crypto-focused firm in a global stock index regulated by MSCI is considered an indication of how crypto sentiment may increasingly find its way into traditional portfolios.
Runes Excitement Caused a Decline in Bitcoin Active Addresses
The 7-day moving average number of active addresses on the Bitcoin network dropped below 700,000 for the first time since March 2020. This drop was due to the increase in transaction fees following the halving and excitement over Runes. However, this trend has not been observed recently. Active addresses dropped to 689,810 on April 23 and rose to 839,400 by April 30 as fees dropped from $39.15 to $11.92. As of May 12, the average of active addresses dropped again to 655,190, while transaction fees dropped to $3.86, approaching pre-halving levels.
Tron DAO and Google Cloud Association
TRON DAO announced that Google Cloud has joined the TRON blockchain as a Super Representative candidate. Super Representatives provide management of the TRON network by carrying the responsibility of block production and transaction verification. This step strengthens TRON’s collaboration with Google Cloud and makes TRON data accessible on Google Cloud’s BigQuery platform. This integration provides developers with advanced analytics for blockchain transactions and smart contracts, supporting data-driven decisions and dApp development.
More than 1 Million New Tokens Have Been Issued Since April
More than 1 million new tokens have been created since the beginning of April. More than 370,000 new tokens were issued on Ethereum and over 640,000 on Solana, mostly memecoins. On Ethereum since April 1 372,642 new tokens were launched, and 88% of them, or 327,553, were created on Coinbase’s layer-2 blockchain, Base.
Biden Bans Chinese Crypto Mining Near US Military Base
President Biden has shut down a China-based cryptocurrency mining company and banned land acquisition near a nuclear missile base in Wyoming, citing national security concerns. MineOne Partners Ltd. The firm is based just a mile away from an Air Force base with nuclear-armed intercontinental ballistic missiles. The company uses specialized cryptocurrency mining equipment using foreign-sourced technology, which may pose a national security risk. Biden emphasized that foreign-sourced equipment can aid surveillance and espionage activities. Therefore, the company must sell the land within 120 days and remove its equipment within 90 days.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $61,908 with a 0.54% gain in value. After rising to the $63,500 region, a retreat occurs again. If the $63,500 level breaks, there may be a rise again to the $67,000 level. Following yesterday’s decline, $61,100 acted as support. If there is an upward reaction from here, a rise may occur up to $65,000.
ETHEREUM (ETH)
ETH is priced at $2904 with a 0.80% gain in value as of the morning hours. After being rejected in the middle part of the horizontal band, the $ 2920 level was tested again. It reacted again from this region and rose to the level of 2995 dollars. With the selling pressure received from this level, the $ 2865 level was tested again yesterday. If this area works as support, the $3000 level may be seen again in the short term.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5011 with a 0.20% gain in value. 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 between $0.49 and $0.50. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $32.25 with a 2.12% gain in value as of the morning hours. There is a horizontal line between $40 and $31. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. There was a pullback to $31.40. If the pullback deepens, the $30 level may be tested. $34 appears as intermediate resistance on any upward move. The first support appears to be $30.60 for now.
SOLANA (SOL)
SOL is priced at $143.81 with a 1.26% gain in value as of the morning hours. When we examine the daily chart, the $140 level, which we follow as the support zone, was tested with the downward movement experienced yesterday. For now, we see that there is some reaction movement from this region. If this movement continues, the falling trend line, that is, the $ 150 region, can be followed as resistance, and if the movement continues, the $ 160 level can be followed.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $12,845, with a 1.02% loss in value. When we examine the daily chart, we see that the downward movement continues and there is a movement towards the support zone of $ 12,700. If the downward movement continues and the support zone is broken, the $12 level can be followed. In upward movements, the $13 region appears as resistance.
PEPE
PEPE is priced at 0.00001115 dollars with a 5.49% gain in value as of the morning hours. When we examine the chart, we see that the resistance zones have broken upwards. If this movement continues, a move towards the $0.00001200 level may be possible. In case of withdrawals, the $0.00001000 region can be followed as support.
WAVES
WAVES is priced at $2,387 with a 3.29% gain in value as of the morning hours. When we examine the hourly chart, we see that the resistance levels of $2.32 and $2.36 were broken upwards. If this movement continues, the $2.44 region may be tested. In case of a withdrawal, the $2.35 region can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2358.82 dollars with a 0.04% gain in value. When we examine the four-hour chart, we see that there is no persistence above the $ 2400 level and at the same time, the short-term rising trend line has been broken downwards. If this withdrawal movement continues, the 2300 dollar level and then the 2280 dollar level can be followed as support. In upward movements, the 2380 and 2400 dollar areas appear as resistance. $2333 is working as support for now. There may be an increase from this level to $2380. $2332 seems strong as the first support zone.
OUNCE OF SILVER
As of the morning hours, silver is priced at $28.57 with a 0.14% loss in value. Examining the hourly chart, we see that there is a significant resistance zone at $28.70. If there is a breakout movement above this region, the $29 level can be tested. In case of pullbacks, the rising trend line can be followed as support and in case of a downward break, a move towards the $ 28.30 region may be possible.
