Celsius May Sell $2 Billion Bitcoin and Ethereum
If Celsius receives court approval, a new mining company will be established and $2 billion worth of Bitcoin and Ethereum will be distributed to creditors. According to court documents, if the new company also fails, it could be liquidated and this could lead to its creditors receiving less payment. Celsius plans to partially pay creditors by selling $2 billion worth of Bitcoin and Ethereum, as well as shares in the new company.
Ripple Receives Digital Asset License
Ripple received a Major Payments Institution (MPI) license from the Monetary Authority of Singapore. With this license, Ripple will be able to offer regulated digital asset payment services in the country.
Bitcoin Comes to the Cosmos Network
Thanks to the Nomic Bridge, Bitcoin is now also coming to the Cosmos network. Nomic Bridge enables the transfer of assets between blockchains. After the update, the nBTC token will be available on the Bitcoin network through Cosmos apps.
US Crypto Supporter Becomes Speaker of the House
Republican lawmaker Patrick McHenry, who has been very supportive of the crypto sector, became the interim speaker of the US House of Representatives. McHenry was last remembered for his harsh criticism of Gensler. He said to Gensler, “At the last meeting we talked about the problems on many issues and since then you have done nothing. This is a shameful situation. The SEC is not above the law. It is not privileged.”
SEC’s Appeal of Ripple Ruling Dismissed
Judge Analisa Torres, who ruled in July that the sale of XRP to individual investors would not be treated as securities, said the SEC failed to show in its appeal that the decision in the Ripple case was invalid, inadequate or problematic. While the news does not mean that the SEC’s appeal has been completely rejected, it does indicate that the SEC can restart the appeal process, but the court process must be finalized.
———————————————————————————
BITCOIN(BTC)
Bitcoin is priced at $ 27,385 with a 0.15% loss in value as of today morning hours. After failing to break through 28,500, a strong resistance level, it has re-entered the horizontal band. At the moment, the 27,500 level seems to be our first resistance. If this level is exceeded, we can see 28,500 and then 29,000 levels. The position that can work as the first support is the middle part of the horizontal band, around $ 26,400.
ETHEREUM(ETH)
ETH, which lost 1.15% as of morning hours, is priced at $ 1638. With the decline in the market, it lost the $ 1660 level with a voluminous breakout. Although it found support at $ 1638, the middle of the horizontal band, it does not seem to have created a permanent support. Our first support position after the loss of 1638 may be the psychological support level of $1600. Then the lower part of the horizontal band at the $1530 level can work as support.
RIPPLE(XRP)
XRP is priced at $0.5308 with a 1.5% loss in value as of morning hours. With the news in Ripple yesterday evening, we experienced an increase of nearly 7%. It came up to 0.55, the upper position of the horizontal band, but it is trying to gain a foothold around $ 0.53 with selling pressure. With the loss of this level, the first support position is likely to be the 0.52 dollar level. If there is a rise again and a persistence above 0.54, we can first see 0.55 and then 0.58 dollar levels.
AVALANCHE(AVAX)
AVAX is priced at $ 9.41 with a 0.32% loss in value as of morning hours. We think that the pullback we have seen in Avax for now is a normal selling move and that Avax could continue to rise if the market can remain strong. After the support at 9.15, if it holds above 9.50, it is likely to continue its rise again. With the loss of the 9.15 level, we can see the 8.80s again.
SOLANA(SOL)
SOL is priced at 23.02 with a 2.5% gain as of morning hours. Although it pushed the 25 level again at noon yesterday, it could not provide permanence. The loss of the $23 level could take us down to $21.50. If it exceeds $25, we can see the 26.50 level.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 7.56 with a 2% gain in value. After being under selling pressure at 8.2, it seems to have found support at 7.2. At the loss of 7.2 dollars, we are likely to see the 7.00 level first. If we see a movement above $7.6, we can see $7.8 and then $8.2.
ARBITRUM
As of morning hours, ARB is priced at $ 0.8793 with a 2.87% depreciation. With the rise in Bitcoin, it was able to find support at the level of 0.85 after reaching the level of 0.98 dollars. If we hold above the $0.88 level, we can first see the $0.92 level and then 0.98 again.
WAVES
WAVES is pricing at 1,509 with a 1.5% loss by morning hours. WAVES, which has continued its horizontal movement for a long time, seems to have received support at 1.50. If it maintains these levels, it is possible to see an upward movement up to 1.60. After this level, the 1.68 level can be seen. If the downward movement continues, we are likely to see a pullback to 1.45.
