FET, AGIX and OCEAN Merger Will Take Place in June
Fetch.ai, SingularityNET and Ocean Protocol, leading organizations in the field of decentralized artificial intelligence, announced in a statement on May 29 that they plan to complete the ASI merger by June 2024. FET token holders will be able to migrate to ASI through a token migration agreement until June 11. Likewise, holders of SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens will be able to exchange their tokens until June 13.
PayPal Expands PYUSD to Solana
PayPal has chosen the Solana blockchain to expand its stablecoin PUSD, taking its first step beyond the Ethereum ecosystem. PYUSD has been added to the Solana network, allowing users to trade at a lower cost, according to an announcement made on May 28. This move aims to expand the use of PYUSD stablecoin as a payment method for small and everyday purchases.
BlackRock’s Spot Bitcoin ETF IBIT Outperforms GBTC
In less than five months, iShares Bitcoin Trust (IBIT) has surpassed Grayscale Bitcoin Trust (GBTC) to become the largest spot Bitcoin ETF in the US by assets under management (AUM). According to Bloomberg data, IBIT reached the level of 19.68 billion dollars, leaving GBTC behind at 19.65 billion.
Blocksquare Celebrates Reaching $100 Million in Real Estate Tokenization
Blocksquare, one of the leading blockchain companies focused on real estate tokenization, has reached a new milestone. Headquartered in Ljubljana, Slovenia, the company has successfully tokenized $100 million worth of property in 21 countries. According to the joint press release, these properties include hotels, restaurants, parking lots, healthcare facilities and apartment buildings spread across different geographic locations around the world.
Leveraged Ethereum ETF Will Begin Trading on June 4
A big event is happening in the cryptocurrency world as the Volatility Shares 2x Ether ETF (ETHU) begins trading on June 4. This would be the first leveraged Ethereum ETF in the US following the approval of a leveraged bitcoin ETF nearly a year ago.
Sam Altman and Argentinian President Javier Milei Discuss Worldcoin Investment
On Wednesday, Sam Altman and Alex Blania from the Worldcoin team, as co-founders of Tools for Humanity, met with Argentine President Javier Milei to discuss artificial intelligence developments and possible investments in Argentina. Tools for Humanity is the team that developed the Worldcoin project and aims to prepare humanity for artificial intelligence.
Fidelity’s Spot Ethereum ETF Appears on DTCC Under Code FETH
Fidelity Investments’ US spot Ethereum ETF has been added to DTCC’s ETF list under the name Fidelity Ethereum FD Beneficial INT and ticker symbol FETH, but is not yet active. DTCC’s list includes both active ETFs and pre-launch ETFs awaiting regulatory approval. Recommended spot Ethereum ETFs from VanEck, Franklin Templeton and BlackRock are also on the list. DTCC noted that listing is a standard procedure and does not mean regulatory approval is imminent.
ENS Labs Proposes Layer-2 Expansion for Ethereum Name Service
On May 28, ENS Labs proposed an initiative called “ENSv2” to extend the Ethereum Name Service to Layer-2 scaling protocols. The team added in a blog post that they aim to ‘completely redesign the architecture’ using their experience in the Web3 space over the last seven years.
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BITCOIN (BTC)
BTC is priced at $68,000 with a 0.64% gain in value as of the morning hours. When we examine the 4-hour chart, the resistance zone of $ 72 thousand was tested with the strong price movement seen at the beginning of last week. For now, it has found support in the $67,200 region. The first support level appears to be $66,760. For the continuation of the rise, persistence above $ 71,000 is required.
ETHEREUM (ETH)
ETH is priced at $3778 with a 0.27% gain in value as of the morning hours. When we examined the 4-hour chart, we saw high volatility with the approval of spot ETH ETF applications, but the pullback occurred. With this move, the 3500 level was tested at the bottom and a strong reaction occurred. The uptrend continues and it looks like it has been rejected again from the $3932 area. In case of a break above $3932, the $4000 level can be tested. The $3750 region appears strong as initial support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5268 with a 0.58% gain in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be permanent. $0.50 is a critical level and this level has been regained. Initial support again appears to be the range between $0.52 and $0.51. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $36.64 with a 1.24% gain in value as of the morning hours. After the horizontal area broke up, we saw a movement up to the $42 level, but it could not be sustained above this area. In case of withdrawals, the 35 and 33 dollar areas can be followed as support. In upward movements, if there is persistence above the $40 level, the $45 region can be targeted.
SOLANA (SOL)
SOL is priced at $168.62 with a 0.12% gain in value as of the morning hours. When we examine the daily chart, we see that the $160 level, which we follow as the support zone, was tested with the withdrawal movement. If the reaction from this region continues, the $ 170 level can be followed as short-term resistance. If the support zone is broken, a move up to $155 may be possible.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $18,716, with a 1.43% loss in value. When we examine the daily chart, we see that the resistance zone of $ 17,400 has been passed. Yesterday, the 19 dollar level was tested with an upward movement, but it could not be maintained above this region. The $19 level can be followed as a short-term resistance zone. In case of withdrawals, upward reactions may be possible from the $18 level.
TWT
As of the morning hours, TWT is priced at 1.1934 dollars with a 1.65% gain in value. When we examine the four-hour chart, we see a movement towards the resistance zone of $1.20 – $1.22. If there is persistence above this region, the $ 1.25 level can be tested. In case of withdrawals, the $ 1.15 level appears as support.
ALGO
ALGO is priced at $0.1924 with a 1.58% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a downward movement. In upward movements, the $0.1940 region appears as resistance. In case of withdrawals, the $ 0.1900 region can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2327 dollars with a 0.46% loss in value. When we examine the four-hour chart, we see that the $2400 level has been broken strongly downwards. We see that it has received a reaction from the $2300 level, which we are currently following as a support zone. If this movement continues, the $2360 level can be followed as resistance. In case of persistence above this resistance, $2375 appears as the next resistance zone. Currently, the $2300 level can be tested again.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 31.40 with a 1.80% loss in value. When we examine the four-hour chart, we see that the movement continues after a slight retreat after the rising movement. The $32.28 level appears as the resistance zone. If there is a break above this region, the $33 level can be targeted. In case of withdrawals, the $ 31 level can be followed as support.
