Cardano Foundation’s X Account Hacked: Fake Token and SEC Notice Published
The Cardano Foundation’s X account was compromised by an attacker, who shared a fake ADA token announcement and SEC lawsuit notice. The fake content aimed to direct users to scam links. The foundation quickly intervened, warning users about the fake messages and announcing that the necessary security measures were being taken. This incident brought to the fore the importance of security measures on the social media accounts of major crypto projects.
Ethereum Spot ETFs Hit 10-Day Record Net Inflow
US-based Ethereum spot ETFs recorded positive net inflows for the 10th day in a row. With an additional $83.8 million on Friday, the funds reached $836.7 million, their highest weekly inflow to date. BlackRock and Fidelity led the way, with trading volume reaching $992 million, marking the second-highest trading day outside of the launch week. The price of Ether approached $4,000 during these moves, with the market gaining strong momentum.
US Spot Bitcoin ETFs Surpass Satoshi
US spot Bitcoin ETFs have surpassed the estimated holdings of Bitcoin creator Satoshi Nakamoto, with a total of 1.1 million BTC. Bloomberg analyst Eric Balchunas described the development as “mind-blowing.” BlackRock’s IBIT product leads the way with 521,164 BTC, followed by Grayscale’s GBTC (214,217 BTC) and Fidelity’s FBTC (199,183 BTC). ETFs, which provided a total of over $33 billion in net inflows, have also surpassed the $100 billion managed asset limit with the recent increase in Bitcoin prices. This rapid rise of spot ETFs strengthens their influence on the market.
Czechia Offers Tax Incentive to Crypto Investors: No Tax on Bitcoin After 3 Years in 2025
The Czech Republic has implemented a significant tax reform in order to encourage crypto asset investors. Starting in 2025, Bitcoin and other cryptocurrencies will be exempt from capital gains tax if held for at least three years. This exemption will apply to crypto assets that are not related to business activities and whose sales revenue does not exceed CZK 100,000 per year. The regulation, approved by the Czech Parliament by a vote of 169, aligns with existing tax exemptions for securities and is seen as part of the country’s efforts to align digital asset regulations with European Union standards.
SEC Rejects Spot Solana ETFs: New Crypto ETF Approvals on Hold
The U.S. Securities and Exchange Commission (SEC) is set to reject applications for a Solana-based spot ETF and has indicated that it could halt approvals for new crypto ETFs under the current administration. According to FOX Business reporter Eleanor Terrett, the SEC has already given negative feedback to at least two ETF applicants. The decision affects several asset managers that aim to offer investment products that track Solana’s spot prices, including Grayscale, VanEck, 21Shares, Bitwise and Canary Capital. Grayscale has filed a final application to convert its Solana Trust fund into a spot ETF with the ticker GSOL. However, the SEC’s strict stance in this area continues to create uncertainty in the crypto ETF market.
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BITCOIN (BTC)
BTC is priced at $ 99,444 as of the morning hours with a 1.65% loss in value. BTC, which was rejected from the resistance zone of $ 102-101 thousand, is priced just below the support level of $ 99,600 after a 2% decrease in the morning hours. For BTC, which had a very low volume over the weekend, if it closes candles below the $ 99,600 level, the next support level will be $ 97,993 with a downward movement. If this level is broken, a pullback to $ 96,234 may be seen. In a possible positive movement, it will be important to break the $ 99,600 resistance again and maintain it above. Then, the $ 101-102 thousand band can be tested again. The peak level of $ 104 thousand remains the resistance.
ETHEREUM(ETH)
ETH is priced at $ 3,946 as of the morning hours with a 1.47% loss in value. ETH, which had no volume like Bitcoin over the weekend, is showing movement just below the resistance level. If the $ 3,947 level is broken and candles close above it, the $ 4,080 level can be met as the critical resistance level. In case of a possible negative movement, if it can stay below the $ 3,947 level, the $ 3,874 and then the $ 3,783-3,725 bands can be met as strong support zones, respectively.
RIPPLE(XRP)
XRP is priced at $2.4878 as of the morning hours, losing 4.36%. XRP, which had a positive weekend, seems to have started the new week negatively. For XRP, which is moving just above the support level of $2.4379, if the $2.4379 support level is broken in a possible negative movement, the $2.2922-2.1800 band is an important support area in the downward movement. If these levels are broken, it may lead to a decline to $2.0952 levels. In a possible positive movement, if candles close above $2.5640, the positive trend may continue to $2.7825 levels. Therefore, it is important for investors to carefully monitor the identified critical support and resistance levels.
AVALANCHE(AVAX)
AVAX is priced at $ 52.4 levels with a 2.95% gain as of the morning hours. AVAX, which has been moving just below the support level with rapid pullbacks in the morning hours, is testing the resistance level with minor recoveries. In the continuation of a possible positive movement, it will be important for it to break the $ 52.45 level and maintain its permanence above it. Then, $ 55.83 and $ 58.33 are resistance. In a possible negative movement, the $ 50.03-48.25 band may be met as an important support zone. If these levels are broken, a pullback to $ 45.79 may be seen. It is important for investors to carefully monitor the determined critical support and resistance levels.
SOLANA(SOL)
SOL is priced at $ 232 as of the morning hours with a 2% loss in value. SOL, which has been moving in the support zone with rapid pullbacks in the morning hours, may test the $ 229.50 level, which is the lower part of the green zone seen in the chart, in the continuation of the downward movement. If it persists below this level, a pullback to the $ 221.68 band may first be seen. In a possible positive movement, it will be important to persist above $ 233.34. Then, the $ 245.45 and $ 259.94 levels continue to maintain resistance positions. Therefore, it is important for investors to carefully monitor the identified critical support and resistance levels.
