Highest Inflows into Digital Asset Funds Since July 2022
Digital asset funds saw $326 million worth of inflows this week. This was the highest entry since July 2022. 90% of the $326 million went into Bitcoin. This amounts to 296 million dollars. In altcoins, Solana received $24 million worth of inflows. Since the beginning of the year, there have been a total of 613 million worth of inflows into Bitcoin and 98 million worth of inflows into Solana.
Cardano Partners with Singapore’s Blockchain Institute
Emurgo, one of the founding organizations of the Cardano blockchain, today officially announced a partnership with the Institute of Blockchain Singapore (IBS). This strategic alliance, announced via X (formerly Twitter), highlights the growing importance of blockchain education on a global scale and Cardano’s commitment to the same.
Stars Arena’s CEO Resigns
Stars Arena said the platform’s CEO Chill Pill has resigned from his post, a move that comes about a month after the decentralized social finance (SocialFi) app suffered a massive smart contract exploit. The total locked value (TVL) of the protocol currently stands at just over $300,000. This is a significant drop from the TVL of around $3 million before the hack.
Avalanche-affiliated Snowtrace to Shut Down Website
Snowtrace.io, a popular blockchain discovery tool for Avalanche, will shut down its website powered by Etherscan’s “Discovery as a Service” (EaaS) toolkit on November 30. The Snowtrace team announced that only the scanner powered by Etherscan will be shut down. According to the October 30 announcement, Snowtrace users should save backup information, such as private name tags and contact verification information, before that date.
Cosmos’ 42.7 Million Unclaimed Neutron (NTRN) Transfer Proposal Approved
Cosmos (ATOM) has announced the approval of its offer to transfer more than 42.7 million tokens from an unsolicited airdrop of the CosmWasm platform Neutron (NTRN). Governance proposal 835 sought to authorize the Neutron DAO to transfer 42,727,950 unclaimed NTRN to the Cosmos Hub community pool.
Bitcoin Options Open Interest Hits All-Time High
The open interest on Bitcoin options hit an all-time high, adding to signs that the digital asset market is revitalizing with more individual and institutional interest. Open interest in call and put options reached $17.73 billion on Friday, surpassing the highest level earlier this year and the peak recorded during the 2021 bull market, according to data from Glassnode.
Cardano (ADA) TVL Growth Continues, Reaching $250 Million
According to DefiLlama data, Cardano’s TVL growth in the DeFi environment is not only characterized by its core philosophy, but also by its incredible recent growth metrics. The total value locked (TVL) in Cardano recently surpassed an impressive milestone of $250 million, cementing its place as one of the most actively growing networks in the DeFi arena.
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BITCOIN(BTC)
Bitcoin is priced at $ 34,195 with a 0.81% loss in value as of today morning hours. In general, the picture is the same as yesterday. Although it seems to be making a flag formation, pullbacks are likely to be seen. In the event of a retest to $ 33,000, there is a possibility of going up to $ 36,000 upwards and downwards to $ 31,000, depending on the reaction it will receive from that level.
ETHEREUM(ETH)
ETH, which lost 0.63% as of morning hours, is priced at $ 1797.60. Ethereum, which corrected downward despite climbing up to $ 1880, seems to have found support at $ 1730. The 1880 resistance is a very important zone and it needs to be sustained above this point for the price increase to continue. In the continuation of the downward movement, we can see that $ 1720 will work as support again, then $ 1680 will work as support again. Persistence above $1800 will be a very positive pricing.
RIPPLE(XRP)
XRP is priced at $0.5726 with a 0.93% loss as of morning hours. After being rejected over 0.58 dollars, it is trying to gain a foothold at these levels. In the continuation of the downward movement, the bottom of the horizontal band again, ie $ 0.55, can work as support. If the upward movement continues, the break of $ 0.58 again is very important and the price can go up to $ 0.63.
AVALANCHE(AVAX)
AVAX is priced at $ 11.59 with a 1.13% gain as of morning hours. After being rejected at $11.40, it now seems to have broken through. Exceeding $11.90 is very important for the movement to continue. If it performs a downward retest, there may be a decline to $ 11.20 after the breakout. If the upward movement continues, it may first see $ 13.00.
SOLANA(SOL)
SOL is priced at $ 35.90 with a gain of 2.75% as of morning hours. SOL, which continues its upward movement with the upward break of the $ 32.12 level, which we follow as a resistance zone, is trading above the $ 35 level. If the rise continues, the $ 37 level appears as resistance. In case of a possible pullback, the 34.35 level can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 11.737 with a 4.61% loss in value. Breaking the $11 resistance level upwards, LINK continues its strong movement above this level. The resistance levels to follow are 12 and then 12.21 dollars. At the same time, we see that the rectangle pattern formed in the weekly image has broken upwards. In case of downward retracement, 11.30 and then 11 dollar levels appear.
MATIC
MATIC is pricing at 0.6429 with a loss of 1.05% as of morning hours. We see that the rectangle pattern formed broke upwards and then this area was tested again. If the upward movement continues, 0.6540 and then 0.7000 levels appear as resistance zones. In case of a pullback, the 0.60 level seems to be important.
