Mt.Gox Announces Refund Plan
On Monday, June 24, Mt.Gox announced plans to begin distributing assets to users affected by a 2014 crypto hack. According to the statement, refunds are planned to start in the first week of July. Additionally, it was stated that the refund will be made in Bitcoin and Bitcoin Cash. The total repayment amount is estimated to be 9 billion dollars.
$584 Million Outflow from Digital Asset Funds
When we examine last week’s report, we see that there was an outflow of 584 million dollars from digital asset funds. Thus, money outflows took place in the last two weeks in a row. The highest rise occurred in Bitcoin with $630 million. While there was an outflow of 58.3 million dollars on the Ethereum side, there were very low inflows in Solana, Litecoin and Ripple.
Tether Will Stop Minting USDT on EOS and Algorand
Tether officially announced on its blog on Monday that it will stop minting USDT on the EOS and Algorand blockchain as of June 24. According to Tether, the removal of EOS and Algorand-based USDT issuance is in line with the company’s start to maintain balance in the Tether ecosystem.
BlackRock and Franklin Templeton Raise Tokenized US Treasury Bonds
High interest rates and demand for safe on-chain assets have driven the market for tokenized US treasuries to grow more than 1,000% since the beginning of 2023, to $1.64 billion. BlackRock’s BUIDL fund is currently valued at $481.42 million, outperforming Franklin Templeton’s BENJI fund. RWA tokenization such as US treasuries; It offers advantages such as increasing liquidity, accelerating transactions and reducing costs. Major financial institutions are investing in blockchain technology, which has the potential to revolutionize finance by providing more efficient and secure services.
Web3 Recruiting Platform Raises $10 Million
Web3 recruitment network Bondex; Animoca Brands has raised $10 million from investors like Morningstar and Chainlink and aims to transform professional networking and recruiting with blockchain and gamified incentives. The platform aims to shift economic benefits from intermediaries to users, offering rewards of up to $10,000 for successful onboarding. CEO Ignacio Palomera stated that the funds will be used to develop the platform and integrate it into the Web3 and Web2 ecosystems.
Biden Administration Rehires Crypto Advisor
The White House has rehired cybersecurity consultant Carole House, who advised President Biden on his 2022 crypto-focused executive order. Carole House previously advised President Joe Biden from 2021 to 2022 as a director at the National Security Council focusing on cybersecurity and digital innovation. Additionally, the House is considered pro-crypto.
Donald Trump May Speech at Bitcoin 2024 Event
According to two sources familiar with the subject; Former President Trump is in talks to speak at the Bitcoin 2024 convention to be held in Nashville at the end of July. This could potentially impact the US presidential race, where the former president is trying to position himself as a forward-thinking candidate in the field of digital finance. Bitcoin 2024, an event run by Bitcoin Magazine, will take place July 25 – 27 the week after the Republican National Convention and is seen as the largest Bitcoin event of the year.
Louisiana Signs Bill Banning CBDCs and Protecting Crypto Mining
Louisiana Governor Jeff Landry signed a bill banning central bank digital currencies (CBDC) and protecting crypto mining. The bill, HB 488, prevents governing authorities from accepting or requesting payments in CBDCs. It also prohibits officials from participating in CBDC testing by the Fed Board of Governors and other federal government bodies.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $61,300 with a 1.75% gain in value. There was a drop to $58,500 yesterday evening, but it could not be sustained. The horizontal band has been re-entered. $63,500 appears to be the first resistance level. Closings above this level are required to continue the rise. In case the pullback continues, $55,000 appears as major support.
ETHEREUM (ETH)
ETH is priced at $3392 with a 1.16% gain in value as of the morning hours. $3148 appears as major support. After a drop to $3241, permanence could not be achieved and the upward movement partially started. For the rise to continue, permanence above $3500 must be maintained. If stability above $3500 is achieved, an increase may occur up to $3750. In the continuation of the retreat, $ 3000 seems to be the strongest support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.4783 with a 0.89% gain in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.45 level, but it could not be permanent. $0.50 is a critical level and this level must be regained. Initial support again appears to be the range between $0.48 and $0.45. Areas where there may be resistance include the $0.50 and $0.52 levels.
AVALANCHE (AVAX)
AVAX is priced at $25.18 with a 1.57% gain in value as of the morning hours. After the horizontal area is broken down, the decline continues. In case of withdrawals, the 22 and 20 dollar areas can be followed as support. $25.30 seems to hold the price for now. For the rise to continue, the $30 zone must be broken and persistence must be achieved. If $ 30 is exceeded, there may be a rise again up to $ 40. If the withdrawal continues, $20 is a region that is likely to act as major support.
SOLANA (SOL)
SOL is priced at $136.41 with a 3.07% gain in value as of the morning hours. When we examine the daily chart, we see that there is an upward reaction movement from the $ 125 level, which we follow as the support zone. If this movement continues, the $140 level appears as resistance. If the resistance zone is crossed and persistence is maintained above it, the $145 level can be followed. The $130 level can be followed as short-term support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $13,013 with a 1.36% loss in value. When we examine the daily chart, we see that there is an upward reaction from the support zone of $ 12,800. If this reaction movement continues, the $15 level can be targeted. In case of withdrawals, the $ 13,500 level can be followed as support.
AAVE
AAVE is priced at $91,443 with a 5.95% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is an upward breakout movement. If this movement persists above the resistance zone, a move towards the $95 level may be possible. In case of withdrawals, the $90 level can be followed as support.
APE
APE is priced at $0.983 with a 3.04% gain in value as of the morning hours. When we examine the four-hour chart, we see that the rectangular formation has broken upward. If this movement continues, the $1 level appears as resistance. In case of withdrawals, the $0.95 level, which is the breakout zone, can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at $2328.90 with a 0.25% loss in value. There was a decline from $2390 to $2290. The $2290 level is acting as support. The $2360 resistance level was broken to the upside. If pricing is seen above 2400, there may be a rise again up to 2450 dollars. For a short-term rise, pricing above $2350 should be maintained.
OUNCE OF SILVER
Silver is priced at $29.59 with a 0.05% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $ 30 level was broken downwards with the withdrawal movement in the $ 30.80 region. If this movement continues, the $29.50 level can be followed as support.
