Five Consecutive Weeks of Entry in Digital Asset Funds
When we examine the digital asset funds report, we see that there has been an inflow of 2 billion dollars into digital asset funds. Thus, money inflows have occurred consecutively for the last five weeks. The highest entry occurred in Bitcoin with $1.97 billion. On the Ethereum side, the highest inflow since March occurred with $69 million. On the short-Bitcoin side, there was an outflow of $5.3 million for three consecutive weeks.
Partnership Between Ripple and National Bank of Georgia
Ripple announced that it has partnered with the National Bank of Georgia (NBG) to digitalize the local economy. NBG Deputy Chairman Natia Turnava and Varlam Ebanoidze, head of the bank’s financial and audit technologies development department, met with Ripple executive James Wallis to develop cooperation in the field of financial technology and digitalization. The new partnership builds on the previous partnership between NBG and Ripple, with Ripple serving as the technological partner for NBG’s pilot CBDC project called Digital Lari.
Report on Bitcoin and Ethereum from ICBC
The Industrial and Commercial Bank of China (ICBC), the world’s largest lender, published an analysis highlighting the rapid development and increasing diversification of digital currencies, comparing Bitcoin to gold and describing Ethereum as ‘digital oil’. ICBC said Bitcoin has managed to maintain a scarcity similar to gold thanks to its mathematical consensus mechanism. Additionally, the report noted that Bitcoin’s status as an asset is solidifying despite its declining monetary properties.
Artificial Intelligence Tokens Drop After Apple’s Event
AI-related cryptocurrencies tumbled on Monday after tech giant Apple’s highly anticipated annual developers event failed to attract investor interest. In the last 24 hours, artificial intelligence tokens such as RNDR, AGIX, FET and NEAR have decreased by up to 5%. Apple on Monday announced a partnership with OpenAI to integrate Apple Intelligence and ChatGPT, a suite of artificial intelligence features for iPhones, Mac and other products, into Apple software.
SEC Accepts ProShares Spot Ethereum ETF Entry
The U.S. Securities and Exchange Commission (SEC) adopted a proposed rule change for the ProShares Ethereum ETF and approved Ark Invest’s exit from 21 Shares’ fund on June 10. The SEC acknowledges but does not approve the proposed rule change regarding ProShares.
19-Day Entry Streak Ends in Spot Bitcoin ETFs
According to data dated June 10, there was an outflow of $65 million in spot Bitcoin ETFs, thus ending the 19-day streak of money inflows. On the exit side, GBTC ranks first with 40 million dollars. In addition, an outflow of $3 million was realized on the FBTC side, the first outflow since May 2. On the entry side, there is IBIT with 6 million dollars.
Uniswap Labs Hires Former Coinbase Executive as Chief Legal Officer
Uniswap Labs has appointed former Coinbase legal executive Katherine Minarik as its new chief legal officer. Minarik started his job on Monday and replaces Marvin Ammori, who will move to a part-time role in November. This appointment comes two months after the SEC signaled possible enforcement action against Uniswap Labs for allegedly violating federal securities laws. Minarik will lead these upcoming legal battles, expressing his excitement about DeFi and economic participation.
Cardano Ready for Changing Fork with Node 9.0 Launch in June
Cardano founder Charles Hoskinson said that Cardano Node will reach version 9.0 in June, marking an important milestone for the blockchain platform. In his post on X, Hoskinson stated that this upgrade prepared Cardano for the ‘Chang fork’. This event will usher Cardano into the Voltaire Era, a phase dedicated to advanced blockchain governance. According to the official blog post, the Voltaire era signifies a new dawn for Cardano, where governance is decentralized, inclusive and transparent.
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BITCOIN (BTC)
BTC is priced at $67,806 with a 2.50% loss of value as of the morning hours. The horizontal channel between $72,760 and $60,800 is still maintained. There was a drop to $67,600 in the morning hours, but it has not been permanent for now. If the pullback continues, $67,250 appears as the first major support. As resistance, $71,700 is currently working. Closings above $71,500 are required for the continuation of the rise.
ETHEREUM (ETH)
ETH is priced at $3560 with a 2.92% loss of value as of the morning hours. With the decline in the morning, the $ 3530 level worked as support. For the continuation of the rise, it is important to maintain permanence above $ 3825. If persistence is achieved, an increase up to $4000 may be seen. If a pullback occurs, the first support is likely at $3420.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.4878 with a 1.85% loss in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.45 level, but it could not be permanent. $0.50 is a critical level and this level must be regained. Initial support again appears to be the range between $0.48 and $0.45. Areas where there may be resistance include the $0.50 and $0.52 levels.
AVALANCHE (AVAX)
AVAX is priced at $32.04 with a 0.71% loss in value as of the morning hours. After the horizontal area was broken down, we saw a movement up to the $ 31 level, but the rise started after receiving a reaction from this region. In case of withdrawals, the 30 and 31 dollar areas can be followed as support. The middle region of the horizontal band needs to be regained. In upward movements, if there is persistence above the 36 dollar level, the 40 dollar region can be targeted.
SOLANA (SOL)
SOL is priced at $153.90 with a 3.23% depreciation as of morning hours. When we examine the four-hour chart, we see that the $157 level, which we follow as the support zone, has been broken downwards. If this movement continues, a move towards the $150 region may be possible. In upward reaction movements, if there is persistence above the $ 157 level, the $ 162.50 level can be tested.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $15,647, with a 1.62% loss in value. When we examine the daily chart, we see that the $ 16,500 level, which we follow as the support zone, has been broken downwards. If this movement continues, a move towards the $15,500 region may be possible. In upward movements, the $16 level appears as short-term resistance.
BAKE
BAKE is priced at $0.3190 with a 2.48% gain in value as of the morning hours. When we examine the four-hour chart, we see that it looks like a descending triangle formation. In upward movements, the $0.34 level can be tested if there is persistence above the falling trend line and $0.3230 resistance area. In case of withdrawals, the $ 0.3090 level can be followed as support.
DOT
DOT is priced at $6,400 with a 1.63% loss of value as of the morning hours. When we examine the four-hour chart, we see that there is a price movement towards the $ 6,360 region, which we follow as the support zone. If there is an upward reaction from this region, the $ 6,500 level can be tested. If the support zone breaks downwards, the $6,250 level can be followed as support.
OUNCE OF GOLD
Ounce of gold is priced at 2300 dollars with a 0.46% loss of value as of the morning hours. There was a decline from $2390 to $2290. The $2290 level is acting as support. $2307 is an area that can act as resistance. If pricing is seen above this region, there may be a rise again up to $2390. For a short-term rise, pricing above $2300 is required.
OUNCE OF SILVER
As of the morning hours, silver is priced at $29.08 with a 2.19% loss in value. When we examine the four-hour chart, we see that the $29 level, which we follow as the support zone, has been tested. If it persists above this region, the $29.50 level can be tested. In downward movements, the $ 28.70 level can be followed as support.
