Morgan Stanley Plans to Invest $140 Million in Bitcoin
Morgan Stanley has released a new annual shareholder report for its traded Morgan Stanley Opportunity Fund, announcing that the fund will be able to invest 25% in Bitcoin through the Grayscale Bitcoin Trust. According to the report, Opportunity Fund plans to invest up to $140 million of its total assets in Europe Opportunity Cayman Portfolio, a wholly owned subsidiary incorporated under the laws of the Cayman Islands. This company will invest in Bitcoin through GBTC.
MicroStrategy Co-Founder Saylor to Sell Company Shares Worth $216 Million
Michael Saylor, co-founder of American business intelligence company MicroStrategy Inc., is selling 315,000 company shares for about $216 million, according to a filing on Tuesday. Saylor had previously stated that he planned to use the money to pay off his ‘financial obligations’ and buy additional bitcoin for himself during the company’s third-quarter 2023 earnings release.
Bitcoin Miner CleanSpark to Launch In-House Trading Desk
CleanSpark Inc., a Bitcoin miner based in the United States, plans to establish an internal trading desk in 2024 to optimize profits from Bitcoin (BTC) assets. Zachary Bradford, CEO of the company, in a Bloomberg report dated January 2; He stated that the action will benefit from the company’s ‘large Bitcoin’ balance. “We really believe that handling this on our own is the best approach, especially given the large balance of Bitcoin that we have. It just makes financial sense to do it in-house,” Bradford told Bloomberg.
Radiant Capital Reportedly Hacked $4.5 Million Worth of ETH
Blockchain security and analytics company PeckShield Inc. said today that cross-chain lending protocol Radiant Capital on X was compromised for 1,900 ETH ($4.5 million). PeckShield said, “The fundamental reason is not new. It is essentially taking advantage of a brief moment in the lending market when a new market was launched”. He said. According to the digital security company, the new USDC market was active for six seconds before the breach occurred. Additionally, Radiant Capital recognized the situation at X and noted that while the matter was being reviewed, the Radiant DAO Council temporarily paused the lending and borrowing markets on Arbitrum, the Tier-2 scaling solution Radiant Capital was working on.
Fidelity and Galaxy Set Management Fees for Spot Bitcoin ETF Products
Fidelity and Galaxy have set the annual management fees they will charge if their spot Bitcoin ETF products are approved. According to the Fortune report, Fidelity Investments will charge an annual management fee of 0.39% and Galaxy 0.59%. In addition, Galaxy announced that they will not charge fees for the first six months once the ETF is operational.
Grayscale Did Not Include Authorized Participants in Latest ETF Filing
Cryptocurrency asset manager Grayscale filed an amended application for its spot Bitcoin ETF with the SEC without listing authorized participant details. Bloomberg ETF analyst Eric Balchunas; In a post on X, he highlighted the amended filing, noting that Grayscale clarified that authorized participants in its proposed ETF could only pay cash.
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BITCOIN(BTC)
Bitcoin is priced at $ 45,171 with a 50% gain in value as of today morning hours. With yesterday’s increase, it advanced up to $ 45,880, but persistence could not be achieved and a little selling pressure was encountered. After falling to $ 44,600, it seems to have received support from this intermediate support position. In the continuation of the upward movement, the first target should be to provide permanence above $ 46,000. In case the downward movement continues, 44,400 seems to be the first major support.
ETHEREUM(ETH)
ETH, which gained 0.73% as of morning hours, is priced at $ 2372. After rising as high as $ 2430 with yesterday’s movement, there was a decline to $ 2344, which is an intermediate support position. With the reaction it received from here, it is currently priced at $ 2372. If there is a downward retreat, the first support seems to be the $ 2320 region. In the continuation of the upward movement, the first target should be to ensure persistence above $ 2455.
RIPPLE(XRP)
XRP is priced at $0.6325 with a 1.25% gain as of morning hours. After rising to $0.64, there was a retreat again. In general, it continues to be more inactive than the market. Breaks above $0.65 could take the price up to $0.70. A break below $0.62 may cause a pullback to $0.59.
AVALANCHE(AVAX)
AVAX is pricing at $ 40.83 with a 0.54% gain in value as of morning hours. After rising to $ 43.50, it faced selling pressure and fell to $ 40.30. The $40.50 region is a strong support and the loss of this region may cause a decline back to $38. In pricing above $ 40.50, the first target should be a break above $ 44.
SOLANA(SOL)
SOL is priced at $108.65 with a gain of 1.82% as of morning hours. When we examine the hourly chart, we see that there was an increase up to the $ 115 level yesterday, but with the selling pressure in this region, we see a decline back to the $ 106 region. In case of an upward movement, the 110 and 115 dollar levels appear as important resistance zones. If both of these resistance zones break upwards, the $120 and $125 levels can be tested. In case of a pullback, the level of 105 and below the rising trend support of 102 dollars can be followed as support.
CHAINLINK(LINK)
With a 2.15% gain in value as of morning hours, LINK is priced at $ 15,490. When we examine the daily chart, we see that there is a horizontal movement between the $ 13,300 and $ 17 levels. In addition, it is possible to talk about the rising trend support within this horizontal movement. In upward movements, $16 and $17 levels can be followed as resistance. If these resistance zones are broken, a rise towards the $ 20 levels may be possible. In case of a pullback, $ 15 and $ 14,500 levels can be followed as support.
ARB
ARB is priced at $ 1,914 with a gain of 7.95% as of morning hours. When we examine the daily chart, we see that the 1.73 level, which is the resistance zone and also the highest level, was broken upwards. If this movement continues, the 2 dollar and then the 2.1 level can be tested. In case of a pullback, 1.85 and 1.80 levels can be followed as support.
WLD
WLD is priced at $ 3,781 with a 5.76% gain as of morning hours. When we examine the four-hour chart, we see that there is a pricing near the downtrend. If this trend breaks upwards, the $4 level could be tested. In case of a pullback, the 3.6 level may be tested.
