Gensler Says Bitcoin, Ethereum Were Not Securities
In an interview with Yahoo Finance, outgoing SEC Chairman Gary Gensler said the SEC “never said” that Bitcoin or Ether were securities, but he also refrained from explicitly stating that they were not. The uncertainty over Ether’s classification has long been a topic of discussion with lawmakers and legal cases. Gensler emphasized that Bitcoin and Ethereum make up the majority of the crypto market, setting it apart from thousands of other tokens that often lack the required disclosures. He also noted that Bitcoin ETFs and Ethereum ETFs approved during his term provide better protections for investors. Gensler’s statements come days before he is set to leave the SEC chairmanship.
AI Tokens Gain Value: Franklin Templeton Predicts Revolution
AI tokens; The report gained value after Franklin Templeton predicted that AI agents will revolutionize content creation and add significant value to social media and other industries. The report noted the potential of AI agents to create brands, products, and media content, but noted that the technology is still in its early stages of development. The researchers emphasized the potential of this emerging sector and said it should be watched carefully. Tokens such as Virtuals Protocol (VIRTUAL) and ai16z (AI16Z) saw significant price increases, while other AI-related crypto assets also gained value, indicating that investors are increasingly interested in the transformative potential of agentic AI.
Robinhood Fined $45 Million by SEC
Two Robinhood subsidiaries have agreed to pay a total of $45 million in fines to resolve SEC charges related to more than 10 securities law violations, including late reporting of suspicious transactions, inadequate identity theft protection measures, failure to comply with customer information security and short selling rules. The SEC said Robinhood filed false and incomplete “blue sheet data” reports covering 392 million transactions and failed to comply with regulations for a long time. The company said those violations have largely been resolved in the past and that it will continue to work on market innovations.
Italy’s Largest Bank Buys $1 Million in Bitcoin
Italy’s largest bank, Intesa Sanpaolo, took its first step into the crypto world by purchasing $1 million in Bitcoin. The bank’s CEO, Carlo Messina, described the transaction as “an experiment, a test,” noting that the investment was a very small part of the bank’s $100 billion portfolio. Intesa had created the necessary infrastructure for digital asset trading with its crypto trading unit established in 2023. The bank’s first direct crypto asset purchase has garnered attention in local media and online platforms.
Crypto Bank Sygnum Achieves Unicorn Status
Switzerland and Singapore-based digital asset bank Sygnum has completed a $58 million strategic growth round, reaching a valuation of over $1 billion and achieving “unicorn” status. The round was led by BTC-focused venture capital firm Fulgar Ventures. Sygnum plans to use the funding to expand into the European market, establish a regulated entity in Hong Kong, and develop its Bitcoin technology-focused products.
BlackRock Launches Bitcoin ETF in Canada
BlackRock is providing easy access to crypto for individual investors by launching its iShares Bitcoin ETF in Canada with tickers IBIT (CAD) and IBIT.U (USD) on Cboe Canada. The fund aims to eliminate the complexities of owning Bitcoin directly, while investing its assets largely in the U.S.-based iShares Bitcoin Trust ETF. BlackRock’s offering allows investors to invest in Bitcoin in tax-advantaged accounts through traditional broker platforms, lending institutional credibility to the Canadian crypto market.
MoonPay Acquires Helio for $175 Million
MoonPay has taken a significant step toward expanding its crypto payment services with the acquisition of Solana-based payment processor Helio for $175 million. Aiming to integrate Helio’s robust infrastructure, MoonPay will facilitate payments with crypto assets such as Bitcoin, Ethereum, Solana, and USDC for over 6,000 businesses. The deal accelerates MoonPay’s growth in the Web3 space, while solidifying its leadership in the crypto payments ecosystem with initiatives like its European expansion and PayPal partnership.
TON Blockchain Aims to Grow in the US Under Trump Administration
The TON blockchain project, backed by Telegram, is aiming to grow in the US market. A spokesperson for the TON Foundation said that under new president Manuel Stotz, the US will become a global hub for crypto innovation. Stotz was previously the founder of investment firm Kingsway Capital Partners and succeeded Steve Yun as chairman. The move aims to increase TON’s influence in the US.
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BITCOIN (BTC)
BTC is down 0.68% as of morning hours, trading at $95,176. The price has made an upward move after receiving a strong reaction from the support area at 92,500.90. This shows that this level is a strong demand area. Above, 95,934.22 appears as a short-term resistance. If this level is broken, the price is likely to move towards the next resistance level at 102,699.37. Breaks above 102,699.37 could cause the price to rise towards the red zone (around 107,000-108,000 range) clearly marked on the chart. This area is a strong supply area that may face intense selling pressure. On the downside, 92,500.90 will continue to act as a significant support. If there is a break below this level, the price can be expected to pullback towards the next support level at 90,886.33.
ETHEREUM (ETH)
ETH is priced at $ 3,265 as of the morning hours with a 1.46% gain in value. The price is moving close to the resistance at 3,220.55 and could not close above this level. On the lower side, the support zone at 3,100 draws attention as an important support point. The upward reaction of the price from here shows that buyers are active at this level. On the upside, a break above 3,220.55 could allow the price to move towards the resistance area at 3,350, while a close above 3,500 may be needed for a stronger upward move. On the other hand, if the price declines below 3,100, the support line at 2,950 may be tested and selling pressure may increase.
RIPPLE (XRP)
XRP is priced at $ 2.80 as of the morning hours with a 4.98% gain in value. Continuing its rising streak for two days, XRP seems to have started the new day positively and approached the all-time high of $ 2.90. If the positive trend continues for XRP, which is in the resistance zone in the morning hours, first 2.8460 and then 2.9080 can be met as resistance. In the event of a possible negative movement, the lower level of the resistance zone, $2.7865, and then $2.6747, are support levels. If these levels are broken, the $2.6019 level will appear as the area where buyers are concentrated. For direction, it is important for investors to carefully monitor the identified critical support and resistance levels.
AVALANCHE (AVAX)
AVAX is trading at $ 36.65 levels with a 0.22% gain as of the morning hours. AVAX, which is active in the resistance area, is trying to hold on just above the middle band of this area after closing yesterday at 3.63%. If the positive trend continues, 37.29 appears as the first resistance level to be broken. Then, the $ 38.84 and $ 40.06 levels can be met as areas where sellers are concentrated. In a possible negative movement, our first intermediate support level appears to be 36.40, followed by the lower level of this region, 35.50. If this level is broken, a pullback to $34.30 levels may be seen. Therefore, it is important for traders to carefully monitor the identified critical support and resistance levels.
SOLANA (SOL)
SOL is priced at $ 189 levels with a 0.90% gain as of the morning hours. After starting the new day with an increase, SOL is moving just above the 189.19 resistance. It will be important for this level to remain above for the positive trend to continue. Then, in the event of a possible continuation of the rise, the $ 194.28 and $ 199.48 levels can be met as resistance. In the event of a possible selling pressure, 183.60 appears as the first support level. If this level is broken, the $ 177.10 level appears as the area where buyers are concentrated. For the direction, it is important for investors to carefully monitor the determined critical support and resistance levels.
