Binance CEO Changpeng Zhao Resigns
CZ, the CEO of Binance, resigned after pleading guilty to charges in the US. He was replaced by Richard Teng. Teng was previously Global Head of Regional Markets. CZ said on the X platform that he made mistakes and had to take responsibility and that he took this action for the good of the company. By pleading guilty to the charges, Binance also agreed to pay a fine of $4.3 billion. The exchange was also found guilty of money laundering, conspiracy to conduct an unlicensed money transmission business, and sanctions violations.
FED Meeting Minutes Published
US Federal Reserve officials agreed at their last policy meeting that they would proceed cautiously and raise interest rates only if no progress was made in controlling inflation, according to minutes released on Tuesday.
Grayscale and SEC Team Up for Spot Bitcoin ETF
Grayscale executives met with the SEC to discuss the details of the firm’s Bitcoin Trust, which they want to convert into a spot Bitcoin ETF. According to a filing shared by Bloomberg ETF analyst James Seyffart, Grayscale detailed that it has entered into a Transfer Agent and Services Agreement with BNY Mellon.
Colony Labs Invests in AVAX
Colony Lab, developer of the Avalanche ecosystem, announced that it will invest $10 million to support the long-term growth of the network. The company said it has purchased more than 500,000 AVAXs worth $8 million over the past few months and that these funds will be used to establish a validator program that benefits AVAX holders.
Circle Introduces Bridged USDC Standard
Circle has launched the Bridged USDC Standard, a new procedure to facilitate the distribution of its stablecoin, USDC, across various blockchain networks in a two-step process. This innovation aims to streamline the integration process and eliminate the need for token migrations.
veCAKE Move from PancakeSwap
PancakeSwap is implementing a vote-free “veCAKE” to increase governance impact and pool liquidity and reward CAKE stakers. If accepted, veCAKE holders will be able to delegate their voting rights to external protocols for additional rewards.
Stablecoin Move from New Zealand
New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys have partnered to launch a stablecoin pegged to the New Zealand dollar. In a November 22 announcement, Labrys and Easy Crypto revealed that NZDD will be supervised by the New Zealand Financial Markets Authority.
Chainlink Whales on the Move Again
According to a recent Santiment report, Chainlink whales made a large number of LINK purchases around October 17, when LINK was only $7. Whales hold more than 8% of the supply on exchanges. Approximately more than 40 million LINKs were collected. With this purchase, the amount held by the whales increased from 693 million to 736 million.
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BITCOIN(BTC)
Bitcoin is priced at $ 36,358 with a 1.74% gain in value as of today morning hours. With yesterday’s Binance news, it broke down the rising channel it was in for a long time, but it was included again in the morning hours. At this stage, it is very important to maintain this upward channel. If $36,000 is lost, $35,000 seems to be the strongest support. If the upward movement continues, the first target could be the middle level of the ascending channel, i.e. $38,000.
ETHEREUM(ETH)
ETH, which gained 2.57% as of morning hours, is priced at $ 1982.57. When we look at the 4-hour chart, there was a decline to the $ 1930 level yesterday. After returning to the $ 1930 support position, there was a rise up to $ 1990. If the upward movement continues, an increase up to the $ 2030 level can be seen. If the retreat is experienced from these levels, $ 1900 seems to be the next support position.
RIPPLE(XRP)
XRP is priced at $0.5906 with a 2.04% gain as of morning hours. On the 4-hour chart, it is in a falling structure in the medium term. After receiving a reaction from the strong support zone of 0.5733 dollars, pricing is seen above the 0.59 zone. If the rise continues with the reaction it will receive from here, a break of 0.60 dollars can be seen.
AVALANCHE(AVAX)
AVAX is priced at $ 20.41 with a 7.31% loss in value as of morning hours. After getting a good reaction from $19 on the 4-hour chart, it was able to rise above $20 again. Maintaining $20 is very important and if the upward movement continues, a break of $24 can be seen. If the retreat will continue, a retreat to $ 18 levels can be seen.
SOLANA(SOL)
SOL is priced at $ 54.18 with a gain of 4.88% as of morning hours. When we examined the hourly chart, we saw some retracement with the downward break of the rectangle pattern we mentioned yesterday. It fell to the support level of 51.60 and received a reaction from this region. If the upward movement continues, the 55 level seems to be an important resistance. In case of a persistence above this level, it may be possible to see a movement towards the 57 level.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.118 with a 5.67% gain in value. When we examine the hourly chart, we see that with the retreat experienced yesterday, it declined to the level of 13.370. If the movement continues in LINK, which has received a good reaction from this level, the 14.355 level will be an important resistance. With the crossing of this level, a rise towards 15 levels can be seen.
SNX
SNX is pricing at 3.672 with a 14% gain as of morning hours. When we examine the weekly chart, we see that a rectangle pattern has formed and broken upwards. If the rise continues, the 4 dollar level appears as an important resistance point. In case of a pullback, the 3.300 level can be followed as support.
UNFI
UNFI is priced at $ 9,650 with an 11% gain in value as of morning hours. When we examine the daily chart, we see that a cup handle-like pattern has formed. The resistance level of this pattern is 11,100. It seems that the rise may continue with the upward break of this level. 8,450 can be followed as a support level.
