BlackRock’s ETFs Surpass Grayscale’s Assets
BlackRock’s digital asset ETFs IBIT and ETHA have surpassed Grayscale’s funds in total assets, reaching $21.6 billion. Grayscale’s four funds have a combined value of $21.3 billion. IBIT has a much bigger lead over Grayscale’s spot Bitcoin ETFs, while ETHA ranks third among spot Ethereum ETFs. IBIT has had only one day of net outflows since its launch, while ETHA has seen net zero trading on some days. Major financial institutions Morgan Stanley and Goldman Sachs have made major investments in IBIT.
Trump’s Votes Are Rising Again
The rivalry between Donald Trump and Kamala Harris, the two leading candidates ahead of the US presidential election in November, was also reflected in the polls. After Joe Biden withdrew his candidacy and Kamala Harris announced her candidacy, the gap between them narrowed considerably, with Kamala Harris even leading in some polls. Looking at the predictions on the crypto asset prediction platform Polymarket, Donald Trump’s chance of winning the election dropped to 44%, then rose to 49% with the acceleration it achieved over the weekend.
Franklin Templeton Files for Crypto Index ETF
Franklin Templeton has filed Form S-1 with the SEC for its Franklin Crypto Index ETF, which will include Bitcoin and Ethereum. The ETF, which will trade under the ticker EZPZ, will use Coinbase as its digital asset custodian and could include additional digital assets in the future. The move follows Hashdex’s application for a similar ETF, while discussions are ongoing about the possibility of Solana ETFs being approved. The SEC has postponed its decision on Hashdex’s application and extended its review period.
AAVE’s Powerful Image
AAVE has been experiencing a strong price movement against the weak performance of DeFi projects and altcoins recently. AAVE, which had the best last week among high-market value projects, is thought to have risen due to the increase in the number of transactions, transfers and active addresses on the network. When we examine the on-chain data, we see that the weekly borrowing numbers of the protocol, which provides services on borrowing, have exceeded 40,000, which is the highest amount in AAVE history.
Charles Hoskinson Offers $1 Million Bounty for Cardano Wallet Security
Charles Hoskinson has announced a $1 million bounty to test the security of Cardano’s Lace Paper Wallet. The challenge encourages the community to identify vulnerabilities in order to increase the wallet’s protection. Lace Paper Wallet allows users to restore their wallets with a single encrypted QR code using their existing PGP keys, and a bug bounty program has been launched to increase security. The program will remain open until the wallet is successfully hacked or until the end of 2024.
Ethereum Price Fluctuates with Whale Movements
While the Ethereum price has been on the rise in recent days, significant selling by large investors has raised concerns about future price pressure. Whales sold around $60 million worth of ETH and transferred large amounts of ETH to exchanges like Binance and Coinbase. Despite the price increase, trading volumes have decreased, investor sentiment is mixed, and there is ongoing discussion about the potential approval of an Ethereum ETF.
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BITCOIN (BTC)
BTC is priced at $58,475 with a 0.08% increase in value as of the morning hours. A decline was observed in the morning hours. An increase was made to the level of $61,500, but it could not be sustained here either. A pullback was observed to $56,000. It seems like there was an instant reaction from this region. If the downward movement continues, $56,000 seems to be the strongest support position. The $62,500 region also appears as strong resistance.
ETHEREUM (ETH)
ETH is priced at $2624 with a 0.48% increase in value as of the morning hours. There was an increase from $2150 to $2700. Permanence could not be achieved at this level. In pullbacks, $2400 seems strong after $2500. If a breakdown occurs below the $2400 level, pullbacks to $2200 may be seen. If $2780 is broken upwards, pricing up to $3000 may be seen.
RIPPLE(XRP)
XRP is priced at $0.5671 with a 0.71% increase in value as of the morning hours. It rose to $0.65 due to the news, but it was not permanent. In pullbacks, a pullback to $0.54 may occur. In prices above $0.60, increases to $0.70 may be seen.
AVALANCHE (AVAX)
AVAX is priced at $20.62 with a 0.96% loss in value as of the morning hours. It was able to rise from $17.30 to $22.83. It works as resistance between $23 and $24. In pullbacks, $20 and $18 appear as strong support areas. In prices above $23, an increase of up to $25 may be seen.
SOLANA (SOL)
SOL is priced at $142.22 with a 0.18% loss in value as of the morning hours. The pullback continues after the rise from $112 to $164. The pullback may continue to $128. If it reacts from $128, it may rise again to $170. The pullbacks are strong at $132 and $116.
OUNCE GOLD
The ounce of gold is priced at $2501 with a 0.28% loss in value as of the morning hours. The ATH level was renewed on Friday. $2510 is now our first resistance zone. If there is a break above this level, ATH may be renewed again. The range between $2500 and $2483 seems strong as strong support in pullbacks.
OUNCE SILVER
Silver is priced at $28,989 with a 0.22% loss in value as of the morning hours. There was an increase of $29.10 but it seems to have been rejected from this area. The first support level is $29, followed by $28.50. In the breakout of the 29.15 area, prices above $30 can be seen.
