CZ Cannot Return to UAE
On Thursday, US District Judge Richard Jones rejected the idea of Zhao returning to the UAE before his sentencing, Bloomberg reported. In November, Zhao pleaded guilty in a Seattle court to violating the Bank Secrecy Act and causing a financial institution to violate it. He also agreed to pay a fine of 50 million dollars.
SEC Discusses Key Technical Details with Spot Crypto ETF Applicants
United States Securities and Exchange Commission (SEC) officials are reportedly discussing the specifics of spot Bitcoin ETFs proposed by asset managers. According to a Reuters report on December 7, industry insiders said the SEC and some asset managers are discussing “important technical details” related to US exchanges listing shares of a spot Bitcoin ETF.
Meanwhile Aims to Raise $100 Million for Bitcoin Fund
Meanwhile Group, a Sam Altman-backed crypto startup, has launched a Bitcoin private loan fund through its investment management subsidiary This Advisors amid the ongoing crypto rally. The Private Loan Fund LP aims to provide institutional investors with access to Bitcoin with a target of an additional 5% return on the Bitcoin type, it said in a statement on Thursday. The fund aims to generate this return by lending Bitcoin to borrowers. Meanwhile, Meanwhile Group co-founder and CEO Zac Townsend told The Block that the fund aims to raise $100 million and expects to close by the end of the first quarter of 2024.
Another Big Sale by Cathie Wood
Ark Invest increased its holdings in Coinbase shares. The company has sold $75 million worth of Coinbase shares since December 2. These sales are interpreted as a sign of a shift in the company’s cryptocurrency market strategy. Cathie Wood, CEO of Ark Invest, previously stated that Coinbase has long-term growth potential. However, Coinbase’s recent difficulties in terms of profitability may have changed Wood’s approach. Coinbase’s shares suffered a sharp decline in 2022 and fell below $50 at the beginning of 2023. However, with the recent rise of Bitcoin, Coinbase shares have also started to recover.
ATH Forecast by Bitwise Manager
Matt Hougan, one of Bitwise’s executives, thinks the new ATH will be within 6-12. He stated that the crypto winter is now behind us and investors are turning to risky assets. Then there will be some phases of big money coming in, volatile days ahead. Bitcoin has already made 150% since the beginning of the year, he added. Finally, he said that the ATH will take place in 6-12 months.
Chainlink Staking v0.2 Early Access Launches
Early access to Chainlink Staking v0.2 is now available and according to the announcement, more than 11 million LINKs were staked in the first 30 minutes. The early access launch follows last month’s nine-day “priority migration” period during which existing v0.1 stakers could migrate their staked LINK and rewards to the new version. Chainlink Staking v0.2 has a pool of 45 million LINKs.
Cardano’s TVL Value at a 21-Month High
The total value of locked assets (TVL) in Cardano’s DeFi ecosystem neared a 21-month high of $300 million. As of now, Cardano’s TVL value stands at $298 million. Cardano, which had a TVL of less than $50 million at the beginning of the year, has grown by 508%.
AVAX Ranks Among the Top 10 Cryptocurrencies with Strong Performance
Over the past two weeks, Avalanche (AVAX) has surpassed Bitcoin Cash (BCH), Polygon (MATIC), Polkadot (DOT), Tron (TRX) and Chainlink (LINK) to become one of the 10 largest cryptocurrencies with a market capitalization of $9.8 billion. When we analyze its performance since the beginning of the year, AVAX gained 150%.
Deloitte to Use Polkadot Ecosystem’s Kilt Blockchain for Digital Transportation Logistics
A division of Deloitte, one of the Big Four audit firms, will use the Polkadot-based Kilt blockchain to offer logistics and supply chain services focused on the transportation sector. “Using decentralized and open source ‘Built on KILT’ solutions, any organization can create a service built on blockchain without having to deal with cryptocurrencies or needing blockchain experience,” Rube, founder of the Kilt protocol, said in a statement.
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BITCOIN(BTC)
Bitcoin is pricing at $ 43,454 with a 0.42% gain in value as of today morning hours. After losing $43,400, the situation was a bit troubling, but after getting support from $43,000 again, it gives the impression that it will continue its upward movement. Reactions can be taken at $42,500 as support and $44,000 as resistance.
ETHEREUM(ETH)
ETH, which gained 0.55% as of morning hours, is priced at $ 2370. There was an increase in ETH up to $ 2392. In pricing below $ 2300, retreats up to $ 2270 can be seen. In the continuation of the upward movement, 2450 dollars will be the first resistance level. Since Ethereum moves later than Bitcoin, there is also the possibility of serious rises.
RIPPLE(XRP)
XRP is priced at $0.6479 with a 0.73% gain as of morning hours. Pricing is currently above 0.64. If persistence is achieved here, the first target may be towards $ 0.6740. In the event of a pullback, $ 0.64 is likely to work as support, but if a deeper decline occurs, a drop to $ 0.63 may be seen again.
AVALANCHE(AVAX)
AVAX is priced at $ 27.04 with a 2.8% gain as of morning hours. After the horizontal break, there was an increase up to 27 dollars. Although it reacted at $27 and could not exceed it, it seems to have received its first reaction at $25.50. Now a new horizontal is formed between $27.50 and $25.50. In the continuation of the retreat, $ 25.40 seems to be the first support position. In the continuation of the upward movement, the first target will now be the persistence above $ 30.
SOLANA(SOL)
SOL is priced at $ 71.30 with a 5.27% gain in value as of morning hours. SOL, which passed the resistance zones of 64.50 and 66, which we followed with the strong movement yesterday, rose to $ 70 as we expected. In the continuation of the upward movement, the $ 75 level can be followed as resistance and with the crossing of this level, a movement towards the $ 80 region can be seen. In case of a pullback, the $ 68 level can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 15.906 with a 1.36% gain in value. When we examined the four-hour chart, we saw an upward break of the ascending triangle pattern, but with the subsequent pullback, we saw a movement up to the rising trend support. The rise continues with the reaction from this level. In case of persistence above the $ 16 region as resistance, it may be possible to see a movement towards the $ 16,600 region. In case of a pullback, the strong support point is at 15,200.
CRV
CRV is priced at $0.6759 with a gain of 4.58% as of morning hours. When we examine the daily chart, we see that the resistance zone of 0.6320 has been broken upwards. If the upward movement continues, the 0.7000 level can be followed as resistance. In case of a pullback, the 0.6560 level can be followed as support.
SXP
SXP is priced at $ 0.4075 with a gain of 4.78% as of morning hours. When we examine the daily chart, we see that the resistance zone of 0.3830 is broken upwards. If the upward movement continues, a rise towards the 0.4200 region can be seen. In case of a pullback, the 0.3900 level can be followed as support.
