Circle Launches New Capital Management Model for Stablecoins
Circle, the issuer of USDC, has introduced a new risk-based capital management model for stablecoins called the Token Capital Adequacy Framework (TCAF). This model addresses risks specific to stablecoins, such as market trading volatility, operational risks, and technological vulnerabilities. TCAF aims to offer a dynamic and risk-aware approach that goes beyond current banking standards and could lead to more precise capital requirements.
Arthur Hayes Predicts When Altcoin Season Will Begin
BitMEX co-founder Arthur Hayes predicts that altcoin season will begin when Bitcoin breaks $70,000 and Ethereum breaks $4,000. Hayes believes that these thresholds will trigger a broader crypto rally, benefiting altcoins like Solana, and predicts that Solana could rise to $250. Hayes and other analysts believe that significant gains are possible in the altcoin market during this period.
Tron Surpasses Ethereum with $435 Million in Revenue Despite TVL Drop
Tron surpassed Ethereum in terms of revenue, generating $435 million. However, despite this revenue growth, Tron’s total value locked (TVL) has declined, reflecting the challenges in the network. Tron aims to strengthen its position in the blockchain industry with initiatives such as eliminating network fees on stablecoin transactions and expanding its influence in blockchain ecosystems running on EVM.
Miners Raise $2.2 Billion as Post-Bitcoin Halving Cash Flow Crisis Intensifies
Following the Bitcoin halving, public mining companies have raised more than $2.2 billion through debt financing to cope with shrinking rewards and shrinking profit margins. Notables like Core Scientific and Marathon Digital have issued convertible notes to manage cash flow and debt repayment. As Bitcoin prices fall, miners are turning to new sources of revenue, such as GPU hosting for AI cloud providers.
Ethereum Founder Vitalik Buterin Donates $500,000 in Animal-Themed Meme Coins to Charity
Ethereum co-founder Vitalik Buterin has donated $532,000 worth of ETH from Ethereum-based meme coins to the Active Altruism Fund’s Animal Welfare Fund. The funds were raised by selling “animal coins” that were sent to him against his will. Buterin criticized the meme coins and called on the crypto community to design more useful and charitable tokens.
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BITCOIN (BTC)
BTC is priced at $58,200 with a 1.16% increase in value as of the morning hours. A decline was observed after yesterday’s data. An increase was made to $61,500, but it could not be sustained here either. A pullback was observed to $56,000. There seems to be an instant reaction from this region. If the downward movement continues, $56,000 seems to be the strongest support position.
ETHEREUM (ETH)
ETH is priced at $2594 with a 0.99% 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 $0.5692 with a 0.80% increase in value as of the morning hours. With the impact of the news, XRP rose to $0.65, 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 $20.35 with a 1.04% gain 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 $142.95 with a 0.25% gain 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 $2456 with a 0.01% increase in value as of the morning hours. When we examine the 4-hour chart of gold, we see that it has made a horizontal movement in the range of 2360 – 2480, and that the 2420 and 2430 regions work as support in this range. The price movement was not enough for the new ATH. The new ATH can be seen in closings above $2477.
OUNCE SILVER
Silver is priced at $28,242 with a 0.43% loss in value as of the morning hours. When we examine the hourly chart, it could not gain momentum despite the upward break of the horizontal movement between the $26.50 and $27.50 levels. If this movement continues, the $27.20 and $27 levels can be followed as support.
