Coinbase Seeks to Acquire FTX Europe Again After Bankruptcy
Coinbase is looking to acquire FTX Europe to expand its derivatives business for the second time after FTX’s bankruptcy.
Apart from Coinbase, crypto.com and crypto firm Trek Labs are also interested in acquiring FTX Europe. According to Fortune, the deadline for the purchase is September 24. Despite the bear market, Coinbase sees potential revenue growth due to increased volume in derivatives trading.
3 Billion Dollar Options Expire at the End of the Month
Volatility in the crypto market is expected to increase this week. On September 29, $3 billion worth of BTC options and $1.8 billion worth of ETH options expire. Both the end of the month and the end of the quarter make it important to meet this deadline.
Google Cloud Announces 11 New Blockchain Supports
Google Cloud’s BigQuery service has added 11 new blockchains, including Avalanche, Arbitrum, Cronos, Ethereum (Goerli), Phantom (Opera), Near, Optimism, Polkadot, Polygon Mainnet, Polygon Mumbai and Tron.
BigQuery is Google’s data warehouse service. Corporates use this service to store and query data.
Crypto Exchange UpBit Temporarily Suspends Aptos Withdrawals
UpBit, South Korea’s largest crypto exchange, suspended APT trading and withdrawals due to a system error that showed the scam token as equivalent to Aptos.
According to the data, the Aptos airdrop was sent from ClaimAPTGift.com to nearly 400,000 wallets. This is thought to be the cause of the problem.
Mixin Network Lost Nearly $200M in Hack Attack
Mixin Network is a protocol designed to solve blockchain scalability issues, and is similar to the layer 2 protocol designed to make cross-chain transfers cheaper and more efficient.
According to Mixin Network, in the early morning hours of September 23, the cloud service provider’s database was attacked by hackers, which led to the loss of some assets on the main network. Approximately $200M in losses are being talked about.
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BITCOIN(BTC)
Bitcoin is priced at $ 26136.50 with a 0.40% loss in value as of today morning hours. Although it tested the 26738 level yesterday evening, the price could not stay there. The price is still between 27500 and 25300. Our first support level after that may be the 25300 level, which is below the horizontal band. At the same time, a large amount of BTC options expire on Friday. That means we could see volatility. After testing the lower level of the horizontal band, we may go to the 27500 level with volatility or break the horizontal band down and test the 24800 level again.
ETHEREUM(ETH)
ETH, which lost 0.23% as of morning hours, is priced at $ 1577. In Ethereum, we see that the pricing between 1530-1745 continues on the 4-hour chart. After the loss of the $ 1600 level, we see that ETH, which received a good reaction from the 1570 level, tested 1565 in the morning hours. If the $ 1550 level works as support, it can go up to the middle of the horizontal band, that is, up to 1640 levels.
RIPPLE(XRP)
XRP is priced at $0.4995 as of morning hours, down 0.54%. In XRP, we had seen the horizontal resistance level of 0.50 working as support in 4 hours, but a downward breakout occurred. Although 0.499 seems to be intermediate support, we can first monitor the price up to 0.4885. With the downward break of the horizontal band, our first strong support seems to be the $0.45 level.
AVALANCHE(AVAX)
AVAX is priced at $ 8.78 with a 0.1% gain as of morning hours. Although it broke the downward trend upwards towards noon yesterday, it could not find enough strength and realized the downward break again. We have seen the 8.78 level working as support 4-5 times. If this support succeeds, our first resistance level will be $9. With 8.78 broken down, we can say that our first support level is 8.20 dollars.
SOLANA(SOL)
SOL is pricing at 19.44 with a gain of 0.46% as of morning hours. The $20.50 resistance seen at the end of the upward movement in Solana was tested several times last week but was not broken and the price remained below $20 again. Our first support level is likely to be 18.9 and then 18 dollars. Our resistance level seems to be 20 dollars again.
CHAINLINK(LINK)
LINK, which gained 3.44% as of morning hours, is priced at 7.215. On LINK, we saw a rejection at the $7 level after the break of the horizontal band. Then, finding support at $ 6.50, the breakthrough was realized at $ 7.00. We see the $7.26 level working as resistance for the moment. If $7.3 can be sustained, our first resistance level may be $7.9.
CURVE(CRV)
CRV, which lost 0.49% as of morning hours, is priced at $ 0.5122. CRV, which increased by 16% over the weekend, is on its way back to around 0.5 dollars. If it cannot find support at $0.50, our first support level may be $0.47. In case it continues its upward movement, our resistances seem to be 0.5680, 0.6590, 0.7160 levels respectively.
