Decision in Grayscale Case Delayed Until Friday
The SEC-Grayscale case, which has been followed for weeks and seen as one of the most important news for the market, did not produce a result yesterday. As it will be remembered, Grayscale applied to convert the GBTC ETF into the Spot BTC ETF and took the process to court after the SEC rejected this request. The decision, which will be announced on Tuesday or Friday, is expected to be announced on Friday, August 25th.
Cardano NFTs Outpace Ethereum
Cardano has outpaced Ethereum in the NFT base price index. Cardano has made a significant rise in this data and is 22% above Ethereum. This also shows that Cardano is starting to attract interest from Ethereum, the largest in the NFT sector. Ethereum still has the largest trading volume on the NFT market, with $12.3 million traded by 11,262 investors in a 24-hour period. Cardano is 8 in this data with a volume of $ 228,778 and 1,579 investors. is next.
New Developments in Polkadot
Polkadot has a new offer for PolgaWorld. The offer is to cover operational costs for the next 3 months. This is the second treasury offering for PolkaWorld since Polkadot launched OpenGov. PolkoWorld is a Polkadot community in China with more than 50,000 followers.
Cardano Rises to First Place in Development Data
Cardano has surpassed major blockchains such as Polkadot and Kusama to take first place in development activity. Cardano, which already has a very high density of developer activities and numbers and where work is constantly ongoing, is ranked 2 or 3 in this ranking. was next in line. Cardano had 500 developer activities in a 30-day period, while Polkadot and Kusama had 493.
Insider Trading Charge Against Former OpenSea Executive
Nathaniel Chastain, a former OpenSea executive, has been sentenced to prison for insider trading. Chastain was sentenced to 3 months in prison, 3 months of house arrest and 3 years of probation, while her lawyers plan to apply for bail.
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BITCOIN(BTC)
Bitcoin is priced at $ 26,048 with a 0.02% loss in value as of today morning hours. Bitcoin retreated to the 25,200 region with the decline it realized yesterday and managed to rise above $ 21,000 again with the purchasing power it saw from here. Bitcoin’s volume is still close to the average but remains low, which is why even small movements can lead to big drops. Although the 26 zone is working as support, we would like to remind you that the main region to be considered in Bitcoin in the medium and long term is the 24,800-25,200 range. If this region breaks down, we think that negative pricing may continue.
ETHEREUM (ETH)
ETH, which gained 0.21% as of morning hours, is priced at $ 1638. In Ethereum, we see that we fell to the 1570 region with yesterday’s sales, and although we expect $ 1600 to work as a psychological level, we see that our main support level is the 1550-1570 range. We can say that the rapid return movement in Ethereum looks positive, but it is still far from the target level and the sales volumes seem high, so it is not a very positive atmosphere.
