Marathon Buys 2 Mining Facilities for $179 Million
Marathon Digital’s acquisition of the two mining data centers will cost $178.6 million as it looks to increase capacity before the Bitcoin mining payout is halved in 2024. On December 19, Marathon said it would buy two active Bitcoin mining facilities with a total capacity of 390 megawatts from Generate Capital. Marathon currently has 584 megawatts of power available for Bitcoin mining, with 97% of that capacity coming from external data centers.
Shiba Inu Launches ‘.shib’ for SHIB Owners
Shiba Inu plans to offer a ‘.shib’ domain name that will work in the internet’s domain name system, even though ‘.crypto’ and ‘.eth’ don’t. Internet domain name company D3 said in a December 19 X post that they are partnering with Shib token to apply for and own the .shib Top Level Domain (TLD). D3 is particularly interested in next-generation domains that facilitate Web2 and Web3 compatibility.
Cathie Wood Sells 800K GBTC Shares
ARK Invest, one of the spot Bitcoin exchange-traded fund (ETF) candidates in the US, has started unloading its holdings in Grayscale Bitcoin Trust (GBTC) shares, with the sale of another large group of shares. On December 18, it sold 809,441 GBTC of the ARK Next Generation Internet ETF (ARKW). TradingView data shows the transaction was worth $27.9 million based on a closing share price of $34.5.
EigenLayer Deposits Surpass $900 Million Due to Increased LST Limits
EigenLayer put deposits on hold and imposed a re-staking restriction below 120,000 ETH until a few days ago. The protocol raised its limit on Monday, creating a new barrier of 500,000 ETH, or about $1.1 billion, for all re-staked LSTs. As a result, the total value locked in the protocol increased from $250 million to nearly $900 million. The protocol appears to be moving towards reaching the maximum threshold and exceeding $1 billion in deposits.
Galaxy Digital CEO Expects Approval on Spot Bitcoin ETFs before January 10
Mike Novogratz, founder and CEO of Galaxy Digital, said on December 19 that he expects the spot Bitcoin ETF to be approved in the coming weeks. In an interview with CNBC, Novogratz said, “I think this ETF will be approved before January 10th. It won’t start trading immediately, but I think it will start trading within six to eight weeks after approval,” Novogratz said in an interview with CNBC.
ESG-Focused Crypto Asset Management Firm Files for Spot Bitcoin ETF
7RCC, a crypto asset management firm targeting ESG-focused investors, has filed with the Securities and Exchange Commission for a spot Bitcoin and carbon credits futures ETF. The company said it started the process for the ETF 18 months ago but is waiting for the right infrastructure to be in place to apply.
Bitcoin Open Interest Hits All-Time High on the CME Exchange
Bitcoin open interest on the CME exchange reached an all-time high. In the past 24 hours, open interest in CME Bitcoin futures contracts reached approximately $2 billion. According to the data, call options accounted for 65% of all futures contracts at the end of December, while put options accounted for 35%.
Immutable Launches a New Tool called Passport
Immutable has launched Passport, a Web3 gaming platform that allows players to use their identity and assets across multiple platforms. Initially, more than 500,000 users will be able to access the platform and additional marketplaces such as ‘Gods Unchained’ and ‘AtomicHub’.
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BITCOIN(BTC)
Bitcoin is priced at $ 42,609 with a 0.79% gain in value as of today morning hours. Yesterday afternoon, the $ 41,800 level was tested again and the upward reaction took place. The first support position is now $ 42,000. In pricing above this region, we can think that the rise will continue if the permanence above $ 43,500 is achieved. In the downward break of $ 42,500, the level of $ 41,00 can be seen again.
ETHEREUM(ETH)
ETH, which gained 1.19% as of morning hours, is priced at $ 2200. There is a horizontal channel in the short term. Yesterday, after sagging below the channel, that is, up to $ 2135, a movement started again to the middle band of the channel, that is, to the level of $ 2240. Closures above $ 2250 may prepare the environment for rises up to the upper position of the horizontal channel, that is, up to $ 2320. In case of a return from this level, retreats up to $ 2165 can be seen again.
RIPPLE(XRP)
XRP is pricing at $0.6088 with a 0.66% gain as of morning hours. Again, we see that $ 0.60 is working as support. We said that the important thing now is to maintain a permanence above $ 0.62, and there has still been no movement up to that level. In case of persistence above $ 0.62, rises up to $ 0.65 can be seen. If the decline continues, 0.58 could work as a strong resistance.
AVALANCHE(AVAX)
AVAX is priced at $ 40.89 with a 2.89% depreciation as of morning hours. After falling to $ 38.80, it rose to $ 41. If above $40 is maintained, the uptrend may continue and the $50 level can be seen. In pricing below $ 35, $ 31.44 may appear as a strong support.
SOLANA(SOL)
SOL is priced at $ 74.45 with a 2% gain in value as of morning hours. When we examine the four-hour chart, we can say that a horizontal movement took place. It is important to remember that this movement occurred after a strong trend and may be a consolidation movement. When we examine the critical levels, we see that the $ 78 region is an important resistance level. In case of persistence above this level, the rise may continue and $ 82 levels may be tested. In case of a pullback, the $ 72 region is an important support level. If we see closures below this level, a movement towards the $ 68 region can be seen.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.203 with a gain of 0.77%. When we examine the four-hour chart, we see that it is trying to provide permanence above $ 14, a critical support level. But at the same time, we can see that the reactions from this level are not very long-lasting and the $ 15 resistance level is also working as an important resistance. In order for the rise to strengthen, first 15 and then 15,500 levels must be maintained above. If it falls below the support level of $14, the 13,500 region may be tested.
NEAR
NEAR is priced at $ 2,707 with a gain of 11.27% as of morning hours. When we examine the four-hour chart, we see that the horizontal zone and the falling trend line are broken upwards. If this strong movement continues, the 2.8 region may be tested. In case of a pullback, the 2.6 region can be followed as support.
WAVES
WAVES is priced at $ 2,564 with an 8% gain as of morning hours. When we examine the six-hour chart, we see that the resistance zone of 2.520 has been broken upwards. If this movement continues, the 2.650 region may be tested. In case of a pullback, the 2.530 level can be followed as support.
