High Inflows into Digital Asset Funds with the Approval of Spot Bitcoin ETFs
When we examine the inflows to digital asset funds, we see that there was an inflow of $ 1.18 billion last week with the approval of spot Bitcoin ETF applications. The last time a Bitcoin futures ETF was approved, record inflows totaled $1.5 billion. Bitcoin had the highest inflow with 1.16 billion dollars. When we analyze it on a coin basis, there was an inflow of 26 million dollars to Ethereum, 2.2 million dollars to Ripple and 0.5 million dollars to Solana.
Aave Community Considers Proposal to Expand Neon EVM in Solana
Aave’s board of directors is now considering a proposal to roll out version 3 on Neon EVM, the smart contracts framework that enables Ethereum decentralized applications to run on the Solana network. Created by the Neon Foundation and the Aave Chan Initiative, which contributes to Aave, this project aims to provide a minimal viable product (MVP) that first extends Aave’s lending services on the Solana blockchain.
Celsius Transfers $125 Million to Crypto Exchanges in Refund Campaign
Bankrupt loan company Celsius moved $125 million worth of Ether to cryptocurrency exchanges last week to repay creditors. Celsius’ move follows the financial transfers that FTX and Alameda Research resumed earlier this month. According to Arkham Intelligence, between January 8 and January 12, $95.5 million was transferred to Coinbase and $29.7 million to FalconX. Despite these moves, Celsius still holds more than 550,000 ETH, or over $1.36 billion.
Chainlink’s Offering on Exchanges at 4-Year Low
Chainlink’s native token, which took a big hit earlier this month and momentarily fell below the critical $13 support level, has made an impressive comeback. According to the latest statistics, LINK’s rate on cryptocurrency exchanges has reached a 4-year low. Santiment’s latest study showed that LINK supply on exchanges fell below the 15% threshold for the first time in four years, adding to the positive momentum. This is the lowest point since February 5, 2020, indicating that investors are more positive about the possibility of future gains, indicating a reduced desire to sell.
Hackers are using fake airdrops and other scams on Solana Stole more than 4 million dollars
A recent investigation based on publicly available blockchain data claims that two wallet thieves stole millions of dollars worth of cryptocurrency assets from Solana users in the last month alone. According to data from Scam Sniffer and cryptocurrency analytics site Dune, users of both programs (Rainbow Drainer and Node Drainer) have taken $4.17 million in assets from 3,967 Solana wallets since late November. Most of the thefts took place in mid-December.
Phantom Foundation Reduces Self-Staking Limit by 90%
The Fantom Foundation announced that it has reduced the self-staking requirement on the layer 1 blockchain Fantom by 90%. The Fantom Foundation stated that it reduced the limit required for staking from 500 thousand FTMs to 50 thousand FTMs with a post on X. This change will make running a validator ‘more accessible than ever’ while strengthening Phantom’s security, the Foundation said.
Moody’s Says Adoption of Tokenize Funds Signals ‘Untapped Market Potential’
According to Moody’s analysts, the growing adoption of tokenized funds increases the efficiency of investing in assets such as government bonds. Moody’s explained that the growth of fixed-income tokenized funds was mainly driven by investments in government bonds, as yields became more attractive following recent interest rate hikes by the US Federal Reserve. According to analysts, tokenized fund issuance by both traditional institutions and crypto companies backed by such securities grew from $100 million at the beginning of the year to over $800 million on public blockchains by the end of 2023.
USDT Most Used Crypto for Illegal Activities According to United Nations Report
The United Nations Office on Drugs and Crime (UNODC) has released a report highlighting the role of casinos and cryptocurrency in underground banking and money laundering infrastructure in East and Southeast Asia. According to the report, USDT (Tether) is the most used cryptocurrency in relation to illegal activities. Additionally, the report states that the Tron network is the main blockchain used for USDT transactions related to illegal activities.
Circle’s New Report Highlights Increase in USDC Usage for Asian Remittances
In a new report highlighting how cryptocurrency is being used beyond speculative trading, Circle revealed that it has seen an increase in remittance flows through Asia via USDC. In the report, Circle claims that USDC is helping to close a $510 billion trade finance gap in the region, which is a lack of liquidity that companies can use for cross-border remittances and loans.
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BITCOIN(BTC)
Bitcoin is pricing at $ 42,865 with a 0.81% gain in value as of today morning hours. We re-entered the range between 43.3300 and 42.500 dollars. At pricing below $ 42,500, we can see that the price may decline to $ 41,200 and then to $ 39,600. In the upward break of $ 43,500, a pricing up to $ 45,500 can be seen.
ETHEREUM(ETH)
ETH, which gained 0.97% as of morning hours, is priced at $ 2518. In general, the upward movement is still continuing. A rise up to $2580 may be followed by pullbacks. In the persistence above $ 2600, an increase up to $ 2780 can be targeted. In pricing below $ 2455, the first support is 2396 and a retreat to $ 2273 can be seen.
RIPPLE(XRP)
XRP is priced at $0.5753 as of morning hours, down 0.07%. After falling back to $0.57, we saw a rise to $0.58. Again, the $ 0.60 level is important and if it is maintained above it, rises up to $ 0.62 can be seen. In pricing below $ 0.5735, a retreat to $ 0.52 can be seen.
AVALANCHE(AVAX)
AVAX is pricing at $ 36.00 levels with a 1.04% gain in value as of morning hours. After receiving support at $ 35.26, there was an increase up to $ 36.87. In the past days, AVAX had a serious rise followed by a downtrend. With the upward break of this downward trend, a rising structure was re-entered. 35 dollars is the support level and rises up to 40 dollars can be seen.
SOLANA(SOL)
SOL is priced at $ 96.22 with a gain of 1.98% as of morning hours. When we examine the four-hour chart, we see that the downward movement continues. If this movement continues downwards, the $ 90 and $ 87 levels can be followed as support. If the downtrend breaks to the upside, the $105 and then $110 levels could be tested. The most important resistance point is 100 dollars.
CHAINLINK(LINK)
With a 0.39% gain in value as of morning hours, LINK is priced at $ 15,245. When we examine the four-hour chart, we see that the ascending triangle pattern broke upwards and tested the $ 16 level, but could not provide permanence in this region. The 14.750 region can be followed as an important support level for LINK, which retreated below the breakout zone again. If the retracement continues, the 14.5 level may be tested.
BLUR
BLUR is priced at $0.6798 with a gain of 9.97% as of morning hours. When we examine the daily chart, we see that the resistance zone of 0.65-0.66 is broken upwards. If this movement continues, the 0.72 level may be tested. In case of a pullback, the 0.66 level can be followed as support.
CHZ
CHZ is priced at $ 0.0953 with a 6.3% gain as of morning hours. When we examine the six-hour chart, we see that there is a pricing above the 0.0945 zone, which is an important resistance level. In case of persistence above this zone, the 0.1 level can be tested. In case of a pullback, the 0.094 level can be followed as support.
