BlackRock Launches iShares Bitcoin ETF in Brazil – Two Major Banks Bank of America and Wells Fargo Offer Spot Bitcoin ETF Products

BlackRock Launches iShares Bitcoin ETF in Brazil

BlackRock announced that it will launch the iShares Bitcoin Brazil ETF in Brazil. Trading will begin on March 1. Partnered with firm B3, the ETF aims to mirror the performance of IBIT in the US and will be available to investors with at least 1 million Brazilian Reals. Additionally, BlackRock is considering introducing a spot Ethereum ETF in Brazil, pending SEC approval.

Two Major Banks, Bank of America and Wells Fargo, Offer Spot Bitcoin ETF Products

According to a recent report from Bloomberg, two major banks, Bank of America and Wells Fargo & Co, are offering a spot Bitcoin ETF to their clients. Banks provide this product to their asset management customers as well as to their customers with brokerage accounts who request the product.

Daily Trading Volume Record in Spot Bitcoin ETFs

According to Bloomberg ETF analyst James Seyffart’s post, on February 28, spot Bitcoin ETFs broke a new daily trading volume record with $7.7 billion. Among ETFs, the highest volume was in BlackRock’s IBIT ETF with $3.35 billion. GBTC and FBTC are in second and third place, respectively.

Collaboration Between Arbitrum and Robinhood

Robinhood announced Thursday on ETHDenver that it will allow Robinhood Wallet users to access exchanges on Arbitrum. According to Coindesk news, Robinhood Wallet users will be able to trade with Arbitrum. Additionally, over the next few months, the two organizations said they will work to reduce barriers to access to cross-chain exchanges and the use of web3 on the Robinhood Wallet.

SEC Commissioner Hester Pierce Wants More Decentralization in the Financial System

United States Securities and Exchange Commission Commissioner Hester Pierce has advocated for greater decentralization of the country’s financial sector as well as a softer stance on cryptocurrency regulations and enforcement. At the ETHDenver conference on February 29, Hester Pierce, also known as ‘Crypto Mom’, concluded her fireside chat with CNBC’s MacKenzie Sigalos by arguing that decentralization is advantageous for the American financial system.

Terraform Labs Faces SEC Scrutiny Over $166 Million in Suspicious Payments

Terraform Labs offered to retain Dentons US LLC as its special counsel, but the U.S. Securities and Exchange Commission (SEC) urged the Delaware bankruptcy court to deny the request in a recent filing. The amount paid to Dentons raised concerns from the SEC, which called it ‘suspicious’. According to information disclosed by the SEC, Terraform Labs transferred $166 million to the Dentons Advance Payment Trustee. Of this amount, $122 million was transferred in the 90 days before Terraform declared bankruptcy. The SEC is reportedly concerned that the action was taken to avoid paying an upcoming judgment in the agency’s complaint, according to Reuters.

US Government Now Owns $12 Billion Worth of Bitcoin

Wall Street giants and corrupters are not the only ones profiting from the recent rise in Bitcoin prices. The US government has amassed a $12 billion BTC fortune as a result of BTC’s continued rise. Tens of thousands of Bitcoins have been seized by the United States from various criminal organizations over the past decade, including hackers who stole billions of dollars worth of digital assets from dark web marketplace Silk Road and Bitfinex, a cryptocurrency exchange. The US government is known to own more than 194,000 Bitcoins. This amount has increased significantly since the decline when the Bitcoin price started to rise. The value of the US government’s Bitcoin holdings is estimated to reach $5 billion in September.

Solana-Based Wallet Ottr Acquired by Worldcoin Developer Tools for Humanity

Ottr Finance, a Solana-based digital wallet firm, has been acquired by Tools For Humanity, the main creator of Worldcoin, the cryptocurrency project co-created by OpenAI’s Sam Altman, the two companies said in a statement. This acquisition is apparently intended to support Worldcoin’s efforts to onboard new users, many of whom are unfamiliar with web3. According to Worldcoin’s website, the startup has close to 3.9 million users, despite some criticism over privacy issues.

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BITCOIN(BTC)

In today’s morning hours, Bitcoin is trading at $61,361, up 0.36%. It dropped to $60,300 yesterday evening. It encountered support from this region and rose to the $62,300 level. $62,800 is now our first resistance zone, and a break above this may take the price to $65,000. The first support zone appears to be $60,500. Since the market is now very volatile, it is useful to pay attention to price movements.

ETHEREUM(ETH)

Ethereum, which gained 0.93% in value as of the morning hours, is priced at $ 3370. When we examine the four-hour chart, we are in a rising trend with strong momentum. It rose to $3520 yesterday afternoon, but faced a reaction and fell to $3300. Now it has reached these levels again. $3340 is the intermediate support zone, and with the upward reaction it will receive from here, it can move up to $3600. In a pricing below this level, the next support zone appears to be $ 3140.

RIPPLE(XRP)

As of the morning hours, XRP is priced at $0.5919 with a 0.85% gain in value. When we examine the four-hour chart, it continued to rise after breaking the $0.5750 region. It rose to $0.6259 yesterday evening. If the upward movement continues, the $0.60 level must be broken upwards and sustained above it. The next resistance level is $0.62, and if there is an upward break, a rise to $0.65 can be seen. The first support level appears to be $0.5750.

AVALANCHE(AVAX)

AVAX is priced at $42.58 with a 3.95% gain in value as of morning hours. When we examined the four-hour chart, persistence above $40 was very important and the rise took place. In yesterday’s volatile movement, the $ 39 level was retested and a pricing above $ 40 appears. $45 is the first resistance level, and now $40 can be determined as the first support level.

SOLANA(SOL)

SOL is priced at $125 with a 7.46% gain in value as of the morning hours. When we examine the daily chart, we see that the resistance levels of $ 120 and $ 126 were broken upwards. If it persists above these two areas, a rise towards the $140 level may be possible. In case of withdrawals, the $ 130 and $ 126 levels can be followed as support.

CHAINLINK(LINK)

As of the morning hours, LINK is priced at $19.69 with a 2.14% gain in value. When we examine the four-hour chart, we see that the horizontal movement between the $ 17.80 and $ 20.675 levels continues. In upward movements, first $ 20, then $ 20,250 and $ 20,675 levels appear as important resistance areas. If it persists above these two areas, the $21 level can be targeted. In case of a pullback, $19.50 can be followed as support.

AGIX
AGIX is priced at $0.8396 with a 19.55% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $0.7966 resistance level has been broken upwards. If it persists above this region, the $0.90 level can be tested. In case of a withdrawal, the $0.80 region can be followed as support.

WLD

As of the morning hours, WLD is priced at $ 8.23 with a 12.16% gain in value. When we examine the hourly chart, we see that there is horizontal movement between the $7 and $8.40 levels. If the $8.40 level, which is the resistance zone in upward movements, is crossed, a rise towards the $9 region may be possible. In downward movements, the $8 level can be followed as a support zone.