Franklin Templeton Lists Ethereum ETF on DTCC
Asset management firm Franklin Templeton has listed its spot Ethereum ETF on the Depository Trust and Clearing Corporation (DTCC) website, a major platform for securities transactions in the United States. Although this development is important, there is no certainty that spot Ethereum ETFs will be approved.
Spot Bitcoin ETFs Could List in Australia by End of 2024
According to Bloomberg, the Australian ASX exchange is expected to list spot Bitcoin ETFs by the end of 2024. Citing sources familiar with the matter, the report noted that several issuers, including VanEck and local firms BetaShares and DigitalX, had already submitted ETF applications earlier this year. The ASX is the largest stock exchange in Australia and handles approximately 80% of local trading. As of March, the ASX’s local market capitalization was $2.7 trillion.
US Personal Consumption Expenditures Announced Above Expectations
According to the data released on Friday, personal consumption expenditures in the Americas region were announced above expectations, both headline and core. While annual personal consumption expenditures increased to 2.7%, the core side increased to 2.8%. At the same time, personal expenditure data increased to 0.8%, above expectations.
BlackRock’s IBIT Fund Had No Money Inflow for Three Consecutive Days
IBIT, BlackRock’s fund, which has the best performance among spot Bitcoin ETFs and has seen money inflows for 71 days, has not seen money inflows for 3 consecutive days. This has led some analysts to doubt that demand for Bitcoin ETFs is waning. In addition, according to Friday’s data, a total of 328 million dollars of money outflow occurred.
ARK Sold All ProShares Bitcoin Futures ETFs
Cathie Wood’s ARK Invest sold all of its BITO shares on Thursday. The investment firm sold 237,983 shares from the ARKW fund at a price of $28.22 for a total of $6.7 million. As a short-term investment, ARK had purchased over 4 million BITO shares in late 2023 while awaiting approval of spot bitcoin ETFs in the United States. Their strategy was to trade these shares when spot ETFs received approval.
Optimism Fixes Testnet Slums
After Offchain Labs detected two critical vulnerabilities in Layer 2 network Optimism’s testnet, it was announced that Optimism had fixed these vulnerabilities. Offchain Labs was the first company to identify these vulnerabilities. The software firm stated that the now-fixed vulnerabilities allow malicious programmers to manipulate the history of the chain and carry out other “subtle attacks.”
Solana Trader Made $49,000 $2 Million in 5 Hours
A Solana ecosystem trader made an unrealized gain of almost 4,000% in a 5-hour trade. His initial investment of $49,000 turned into a fortune of $2 million with TORI, a recently launched meme token. According to the Lookonchain report, 344 purchased 261.4 million TORI using SOL. The purchased SOLs resulted from two Binance withdrawals made to two new wallet addresses on April 25 and 26. On April 28, he transferred the obtained TORI tokens to several different addresses. The value of 261.4 million TORI reached a value of $2 million approximately five hours later.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $62,445 with a 1.07% loss in value. There is still a horizontal band between $72,800 and $60,800. The middle region of the horizontal band, $67,000, is a critical area, and if there is a close above this level, increases up to $72,800 may be seen. For now, this area is working as resistance and the pullback continues. Since there was a rejection at $67,000, there may be a retracement to $60,800. In the short term, there is a horizontal area between $66,780 and 60,790. For now, there is a price movement towards $60,800.
ETHEREUM (ETH)
ETH is priced at $3202.84 with a 1.84% loss of value as of the morning hours. After rising to $3350, a retreat was observed. Permanence above $ 3100 has been achieved. $3200 was a critical region and a large breakout occurred, but it could not be sustained. If $3200 is gained, increases up to $3500 can be seen.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5076 with a 0.50% gain in value. There is a horizontal channel between $0.46 and $0.55. There was a wick movement to the $0.56 level, but it could not be permanent. $0.50 is a critical level, and if it closes below this level, there may be a drop to $0.48. If $0.50 works as support, areas that could be resistance include $0.55 and $0.58.
AVALANCHE (AVAX)
AVAX is priced at $33.61 with a 1% gain in value as of the morning hours. There is a horizontal line between $40 and $31. It rose to $40 and was rejected. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. If the pullback continues, pullbacks up to $30 and then up to $28 may be seen.
SOLANA (SOL)
SOL is priced at $135.62 with a 1.73% depreciation as of morning hours. When we examine the four-hour chart, we see that a double bottom formation has formed in the $ 134 region as a result of the withdrawal movement. If this movement continues, the $140 level can be followed as resistance. In downward movements, if the support zone of $ 134 is broken, the level of $ 128 can be followed.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $14,034 with a 1.65% gain in value. When we examine the hourly chart, we see that there is an upward reaction movement from the $ 13,800 region, which we follow as the support zone. With this movement, if it persists above the $14 level in the short term, we can see a movement towards the $14,400 region. In case of withdrawals, the $13,800 region, which is the reaction zone, can be followed as support.
FTM
FTM is priced at $0.7250 with a 2.20% gain in value as of the morning hours. When we examine the hourly chart, we see that an image similar to the cup handle formation is formed. The resistance zone of this formation appears as $0.73. If this region is broken in upward movements, we may see a movement towards the $0.745 region. In case of withdrawals, the $ 0.708 region can be followed as support.
COMP
COMP is priced at $55.83 with a 0.18% gain in value as of the morning hours. When we examined the hourly chart, there was some reaction from the $55 level, which we followed as a support zone, with the decline that took place over the weekend. If this reaction movement continues, the $57 level appears as resistance. In downward movements, if the $55 level is broken downwards, the $53 level can be followed.
OUNCE OF GOLD
Ounce Gold is priced at 2330 dollars with a 0.33% loss of value as of the morning hours. When we examine the four-hour chart, we see that there is no persistence above the $ 2400 level and at the same time, the short-term rising trend line has been broken downwards. If this withdrawal movement continues, the $ 2300 level and then the $ 2280 level can be followed as support. In upward movements, the 2380 and 2400 dollar regions appear as resistance.
OUNCE OF SILVER
As of the morning hours, silver is priced at $27.25 with a 0.12% gain in value. Examining the hourly chart, we see that there is a horizontal movement between the $27 and $27.60 levels. These two levels can be followed as main support and resistance zones. If the resistance zone is broken in upward movements, the $28 level can be tested. In downward movements, the $26.70 region can be followed as support.
