Over 8.6 Billion SHIB Tokens Burned in 24 Hours
According to Shibburn data, 8.62 billion SHIBs burned in the last day. The transfer of 8,615,169,427 SHIB to a dead wallet was responsible for a single transaction that surprisingly burned most of the tokens. Shiba Inu’s Marketing Manager Lucie explained that the Shiba Inu team is responsible for this important token burn.
Bitcoin Transaction Fees Increase
As of December 17, the average Bitcoin transaction fee rose to $40, according to the data. This is the highest level since April 2021. In addition, miners’ revenues reached $69,000, the highest level since November 2021.
Arbitrum Back in Action
Ethereum’s 2nd a sequencer on the layer blockchain Arbitrum announced on Friday that all systems were backed up following a prolonged spike in inscriptions resembling Bitcoin Ordinals. A data researcher at venture capital firm Dragonfly, pseudonym Arbitrum Hildobby, noted in a post on X that 90% of transactions are processed before the end of the chain. He stated that the pause was due to a so-called ‘fair’ post and that the hourly posts on Arbitrum increased in the hours leading up to the pause.
Polygon Labs Terminates Edge Contributions to Expand CDK Usage
Polygon Labs will no longer receive new contributions for the Edge framework, commonly known as Supernets, in order to focus on growing the Chain Development Kit (CDK). Edge has made it easy to create unique blockchain networks that work with Ethereum. Originally created as an open source tool under the Apache License 2.0, Edge claims that the team’s development priorities have changed over the last 12 months.
SEC Rejects New Rules Proposed by Coinbase
The US Securities and Exchange Commission SEC on Friday rejected Coinbase’s petition requesting new rules for the digital asset sector. Five commissioners voted to disapprove the new rules because they disagreed on the basis that existing regulations were ‘unworkable’ for the crypto space.
Bloomberg ETF Analyst James Seyffart Talks About Pending ETF Applications
Bloomberg ETF Analyst James Seyffart announced on his latest podcast program that spot Bitcoin ETF approvals are likely in January. Seyffart estimates that there could be hundreds of millions of dollars in inflows in the early days and billions of dollars in the long term after the spot Bitcoin ETF approval.
SEC Commissioner Hester Peirce Says Spot Bitcoin ETFs Should Have Been Adopted
SEC Commissioner Hester Peirce said that spot Bitcoin ETFs should have been approved a long time ago, and that regulators were blocking it. “It is a mystery to me that ETFs have not been approved so far,” Pierce said on Thursday.
Cardano Founder Hoskinson Remains Critical of XRP Community
Cardano founder Charles Hoskinson reiterated his critical attitude towards the XRP community, calling it toxic and irrelevant. Cardano’s rejection of any potential collaboration or technical synergies with Ripple seems clear and decisive. Hoskinson’s unwavering stance against the XRP community underscores a broader narrative of discord within the crypto industry.
Bitcoin is priced at $ 41.200 with a 0.85% loss in value as of today morning hours. Yesterday, $ 42,400 was tested again, but the upward break was not successful. Between $40,700 and $40,100 is a strong support and serious declines may occur in the downward break. The next support level after this region seems to be 38,000 dollars. If this region works as support, the rise up to $ 42,500 can be seen again.
ETH, which lost 1.27% as of morning hours, is priced at $ 2169. We see $2166 working as a strong support. If it stays above this point, an increase up to $ 2250 can be seen. If the downward break of $2166 occurs, $2100 seems to be the first support position.
XRP is priced at $0.6068 with a 0.57% gain as of morning hours. Above $0.60, persistence is important and rises up to $0.66 can be seen in the continuation of the upward movement. Below $0.60, this time $0.57 may work as support again.
AVAX is priced at $ 39.97 with a 1.62% depreciation as of morning hours. After climbing up to $ 44, it experienced a decline of up to $ 39 with sales. The $38 zone is a strong support and may pave the way for AVAX to reach $50 on the upside. In pricing below $ 38, the first support appears to be $ 35.
SOL is priced at $ 69.81, down 1.5% as of morning hours. When we examine the four-hour chart, we see that the $ 77.40 resistance level we follow has been passed, but there is no permanence above this level. With the retreat after this movement, there was a retreat below the $ 70 level again. The $68 and $66 levels seem important as support levels. As resistance, 70 and 72 dollar levels can be followed.
As of morning hours, LINK is pricing at 13.830 with a 1.3% loss in value. When we examine the four-hour chart, we see that the $ 14 support level was broken downwards with the retreat. In case of persistence below this region, the retreat may continue and a movement towards the 13,500 region may be possible. As a support level, $ 13 is an important region. In order to talk about the rise again, the $ 14 level can be followed as a critical zone.
FTT is priced at $3,738 with a 4% gain as of morning hours. When we examine the four-hour chart, we see that the level of 3.45 dollars was tested with the retreat and a reaction was taken from this level. In case of persistence above this level, the $ 4 level can be followed again. With a downward break of the support level of 3.45 dollars, a movement towards the 3 dollar zone may be possible.
WLD is priced at $ 4,036 with a 4% depreciation as of morning hours. When we examine the daily chart, there was a very strong rise with the upward break of the 2.75 level, which is the resistance zone, and the 4.7 dollar level was tested. In case of a pullback, the levels of 4 and 3.80 dollars appear as important support points. If the rise continues, if the 4.7 dollar zone is exceeded, the 5 dollar level can be tested.