BlackRock Criticizes Stablecoins – Ethereum and Solana’s TVL Value Increase

BlackRock Cites Potential Risks About Stablecoins

BlackRock highlighted the potential risks associated with stablecoins for investors considering the iShares Bitcoin spot EFT. According to recent reports, BlackRock has noted the potential instability of stablecoins such as Tether USD (USDT) and Circle USD (USDC). BlackRock emphasized that past events have shown that these digital assets can experience significant price movements, which can affect the value of Bitcoin.

Ethereum and Solana Lead DeFi Boost as TVL Activity Rises

The DeFi sector has seen a significant surge in both activity and token prices, driven in particular by Bitcoin’s rally in October. Ethereum, which leads the TVL with $25.336 billion, has recorded a 31.14% increase in the past month. Solana showed the highest growth rate of 89.31%, although lower in total TVL.

Nasdaq Proposes to SEC to Approve Spot Ethereum ETF

Nasdaq has filed a proposal with the SEC to seek approval to list BlackRock’s spot Ethereum ETF based on the regulator’s recent approval of ETH-based futures ETFs in October. Nasdaq proposed that the regulator allow the exchange to create the iShares Ethereum Trust under Nasdaq Rule 5711(d), which governs the listing and trading of commodity-based Trust shares on the exchange.

Uniswap Launches Android Wallet App

Uniswap Labs has released an Android mobile wallet app with built-in swapping on the Google Play store. The new app aims to eliminate the need for a separate web browser extension by allowing users to trade through the decentralized exchange (DEX) from within the app.

Disney Launches NFT Platform with Dapper Labs

Disney has created an NFT platform together with blockchain and metaverse firm Dapper Labs. On November 14, it was announced that Disney will tokenize iconic cartoon characters from the past century on the NFT marketplace called Disney Pinnacle.

dYdX Chain Goes Live

The beta mainnet phase of dYdX Chain went live. Users can now trade more than 33 continuous markets through the dydx.trade platform, offering up to 20x leverage. In addition, it was announced that no “trading” prizes will be distributed at this stage.

Profit Realization from Bitcoin Whales

According to data from on-chain platform Santiment, Bitcoin whales have realized gains in recent weeks, selling 60,000 BTC worth approximately $2.22 billion.

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BITCOIN(BTC)

Bitcoin is priced at $ 35,570 with a 0.05% gain in value as of today morning hours. BTC, which fell to the $ 35,000 level with the retreat experienced yesterday, is hovering above the level of 35,500 with some reaction from this level. Maintaining this level is important for the continuation of the upward movement. If the upward movement continues, we see that the 36,400 level is an important resistance. With the break of this region, a movement towards the 37,000 region can be seen. In case of a pullback, 35,000 and 34,500 can be followed as support levels.

ETHEREUM(ETH)

ETH, which gained 0.15% as of morning hours, is priced at $ 1982. ETH, which fell with the break of the 2035 support level we mentioned yesterday, fell to the 1970 support level and seems to have received a reaction from here. The 2000 level is important for the continuation of the upward movement. If this level is exceeded, it may be possible to see an increase towards the 2035 level again. If the 1970 support level is broken downwards, there may be a pullback towards the 1920 region.

RIPPLE(XRP)

XRP is priced at $0.6321 with a 0.32% gain as of morning hours. With the break of the 0.6450 support level that we have followed, there was some retracement. When we examine the 4-hour chart, we see that the consolidation zone has been broken to the downside. If the decline continues, 0.6160 can be followed as support. In case of a rise, the 0.64 level appears as an important resistance zone.

AVALANCHE(AVAX)

AVAX is priced at $ 17.82 with a 4.52% gain as of morning hours. AVAX, which received a reaction from the $ 16 level yesterday, continued this movement and rose to $ 18 levels, but could not provide permanence above the 18 zone, which works as a resistance level. With the break of this level, it may be possible to see an increase towards the $ 20 levels again. In case of a pullback, the $ 17 level can be followed as support.

SOLANA(SOL)

SOL is priced at $ 57.78 with a 1.69% gain as of morning hours. When we examine the hourly chart, we see that the resistance level of 57.30 dollars has been broken. In case of persistence above this level, it may be possible to see an increase towards the $ 60 level again. 57 and 56 can be followed as support levels.

CHAINLINK(LINK)

As of morning hours, LINK is pricing at 14.522 with a 4.1% gain in value. When we examine the hourly chart, we see that the falling trend line is broken upwards. 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.

ID
ID is priced at 0.28936 with a gain of 13.52% as of morning hours. When we analyze the daily chart, we see that the resistance level of 0.28400 was broken upwards. If it stays above this level, it may be possible to see a rise towards 0.30100. In case of a pullback, 0.28400 and below 0.27500 may be tested.

CAKE

CAKE is priced at $ 2.618 with a 12.14% gain in value as of morning hours. When we analyze the daily chart, we see that the resistance levels of 2,400 and 2,545 were broken upwards. If the rise continues, the resistance level is 2.785. With the crossing of this level, the 3 dollar level can be tested. In case of a pullback, 2,500 and 2,400 levels can be followed.

What is Airdrop?

Airdrop, one of the rapidly growing and interesting applications of the cryptocurrency world, means distributing free crypto money to users.

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