Fake News from Cointelegraph – Uniswap Starts Charging Transaction Fees – Digital Asset Fund Inflows Continue

Fake News from Cointelegraph

BlackRock, the world’s largest asset manager, denied reports on social media on Monday (October 16) that the US Securities and Exchange Commission (SEC) has approved the long-awaited Bitcoin Exchange Traded Fund (ETF). “The iShares Spot Bitcoin ETF application is currently under review by the SEC,” a BlackRock spokesperson said. Bitcoin briefly rallied towards $30,000 after Cointelegraph’s post on X (formerly Twitter) about the ETF, before falling back to $28,000 after BlackRock’s announcement.

Uniswap Starts Charging Transaction Fees

Uniswap Labs announced that it will charge 0.15% on swaps between Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Femini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC), and StraitsX (XSGD) tokens starting October 17, 2023. This fee will be deducted from the amount of tokens swapped. Swaps between stablecoins will not be charged. Uniswap Labs explained that this change was necessary to compete with centralized exchanges and maintain the protocol.

Inflows to Digital Asset Funds Continue

Although trading volumes of digital asset investment products were 27% below the 2023 average, it was the third consecutive year that digital asset trading volumes were 27% below the 2023 average. USD 15 million worth of inflows were recorded during the week. Last week was not positive for altcoins in general, with Tezos, Litecoin and Chainlink seeing outflows of US$0.25 million, US$0.28 million and US$0.31 million respectively. Bitcoin saw inflows of US$16 million last week, bringing total inflows to US$260 million year-to-date.

Yuga Labs Leads Boycott Against Blur and OpenSea

Yuga Labs, the team behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, and LSLTT Holdings, creator of Pudgy Penguins, are blocking some of their NFTs from trading on popular marketplaces like OpenSea and Blur. According to reports, a developer with the username 0xCygaar said on X (formerly Twitter) that Yuga Labs was “not messing around” and revealed that some of their collections, including Mara, will only be traded on copyrighted marketplaces. These marketplaces do not include OpenSea and Blur.

Tether Freezes 873K USDT

Stablecoin issuer Tether, in cooperation with local law enforcement, has taken action to freeze 32 addresses linked to terrorist activities in Israel and Ukraine. According to a statement from the company, $873,118 worth of Tether was frozen in connection with illegal activities in Israel and Ukraine. The action was carried out in cooperation with Israel’s National Bureau for Combating Terrorist Financing.

SEC Publishes 2024 Crypto Evaluation Metrics

The US Securities and Exchange Commission (SEC) has released its key focus areas for examining market risks and participants in fiscal year 2024, revealing increased scrutiny on crypto-assets, blockchain and other emerging financial technologies. These standards, written and published by the SEC’s Division of Examinations, will prioritize risk areas that pose new threats to investors or the integrity of the market.

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BITCOIN(BTC)

Bitcoin is priced at $ 28,196 with a 1.05% loss in value as of today morning hours. Yesterday, in line with the fake news from Cointelegraph, spot markets rose as high as $30,000. The break of $28,000 was quite important. It’s still holding above $28,000 after the news was debunked. Our first resistance could be $28,500. If it is rejected from here, we are likely to see the $ 27,750 level. If $28,500 is broken, $29,000 and then $29,600 seem to be our next resistance zones.

ETHEREUM(ETH)

ETH, which lost 0.73% as of morning hours, is priced at $ 1588. Due to the bullish movement in Bitcoin, Ethereum also broke important levels, but no permanence was achieved. The positive part of this situation is that after we broke the 1600 resistance quite strongly, we found support from the lower part of the horizontal band, namely at $1580. After the loss of the 1580 level, our first support zone seems to be around $1568. If a break above $1600 occurs again, $1640 may be the next target.

RIPPLE(XRP)

XRP is priced at $0.4911 with a 1.37% loss in value as of morning hours. As with most products, Ripple was able to break significant levels. After the break of $0.50, it seems to have found support at $0.49. It is very important not to lose $0.49. If it goes below this level, we can see $ 0.48 as support. Above $0.50, we can see the level of $0.52.

AVALANCHE(AVAX)

AVAX is priced at $ 9.29, losing 1.60% as of morning hours. With yesterday’s rise, it faced a reaction around $ 9.83 from the supply zone. After the downward break of $ 9.40, it seems to have found support at $ 9.30. A loss of $9.20 could put AVAX in some danger. At a loss of 9.20, we can go below 9 dollars. In the upward break of $ 9.40, we can expect the $ 9.80 region again.

SOLANA(SOL)

SOL is priced at $ 24.05 with a gain of 0.46% as of morning hours. SOL, which surpassed the 22.60 and 23 resistances with yesterday’s rise, seems to be trying to hold above $ 24. The first resistance level in front of it is 24.33. At the same time, SOL, which broke the descending channel movement upwards, may want to continue its bullish movement. In case of downward movements, it is possible to follow 23.70 and 23.10 levels as support.

CHAINLINK(LINK)

As of morning hours, LINK is pricing at 7.458 with a 0.88% loss in value. LINK, which could not provide permanence at these levels after rising up to 7.773 with yesterday’s upward movement, fell back to the support level of 7.410. If it holds at these levels, it may be possible to test the resistance level again. If the support level of 7,410, which is the support level, is broken downwards, a retreat to $ 7,125 may be possible.

MATIC
MATIC is priced at 0.5297 with a gain of 0.71% as of morning hours. With the break of the 0.5260 resistance level that we mentioned yesterday, the needle shot to the 0.5450 level we mentioned again. This level seems to be critical for MATIC, which is trading above the 0.5260 level, which we follow as the support level momentarily. Support levels are 0.5140 and 0.5030.