Paxos Gets Approval to Expand to Solana
Once limited to Ethereum, stablecoin issuer Paxos has received permission from the New York regulator to expand to the Solana blockchain. According to Paxos, obtaining clearance from the New York Department of Financial Services marks an important milestone in the development of innovation and the expansion of Paxos’ corporate and customer-facing businesses.
Solana Sets Monthly Record for New and Active Addresses
According to November statistics, more than 15.6 million Solana network addresses are currently active, an increase of over 50%. This is above the record of 15.2 million set in January this year. The number of new addresses has also set a record so far in December, reaching 6.8 million, compared to a high of 6.6 million in May 2023.
Curve Finance Recovers Total Amount Stolen in July
On July 30, four Curve Finance pools were compromised due to a re-entry problem that the Vyper programming language allows to exist.
In total, hackers stole $73.5 million after targeting four mining pools. The community moved quickly to intervene. Curve offered to classify the incident as a white hat issue and in return get 90% of the stolen money back. The real white hats also went after the hackers and managed to get some of the money and return it to the exchange.
Hong Kong Announces Readiness to Accept Spot Crypto ETF Applications
Hong Kong’s financial regulator announced on Friday that it was ready to accept applications for spot ETFs. The Hong Kong Monetary Authority, the city’s central bank, and the Securities and Futures Commission (SFC) said in a joint circular that they are evaluating their current policies for intermediaries who want to participate in operations related to virtual assets. In addition to the exchange-traded funds currently available for cryptocurrency futures, the Securities and Futures Commission (SFC) has announced that it is ready to review proposals for the approval of other funds involving virtual assets. This involves approving exchange-traded funds for virtual assets on a spot basis.
Nigeria Lifts Ban on Crypto Transactions
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country. This decision allows Nigerian banks and other financial institutions to continue their operations with cryptocurrency service providers. In addition, under the new guidelines, financial institutions will now be allowed to open accounts for businesses dealing with digital assets.
SEC Sets Year-End Filing Date for Spot Bitcoin ETFs
In a recent meeting with ETF applicants, SEC officials announced that new applications will be accepted until December 29 and that ETF applications that miss that deadline will not be included in potential ETF approvals scheduled for early January 2024. When the details of the meeting were analyzed, it was noteworthy that the SEC plans to start approving ETF applications in January.
Japan Announces Crypto Tax Reform Draft
The Japanese government has announced a draft crypto tax reform for fiscal year 2024, introducing significant changes to the taxation of companies holding crypto assets. The Japan Crypto Asset Business Association (JCBA) has requested a reform that eliminates the end-of-period market valuation tax previously imposed on companies holding crypto assets issued by third parties.
Illuvium Announces 2024 Roadmap
Illuvium unveiled its 2024 roadmap, focusing on launching its testnet and integrating key blockchain technologies such as the IMX migration. Illuvium plans to launch a public beta stretching from early 2024 to potentially the beginning of the second quarter, marking a significant step forward in blockchain game development.
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BITCOIN(BTC)
Bitcoin is priced at $ 43,155 with a 0.37% gain in value as of today morning hours. Yesterday evening, the $42,500 level was tested again. Since this region was a strong support, the $ 43,165 level was reached again. Pricing above $43,500 could lead to a rise up to $45,000. Pricing below $43,500 may cause a drop to $41,000 this time.
ETHEREUM(ETH)
ETH, which gained 0.89% as of morning hours, is priced at $ 2283. After crossing the middle band of the horizontal channel, we moved quickly to the upper part. After being rejected at $2336, it seems to have found support around $2250 again. Below this level may cause $2170 to be seen again. In pricing above $ 2336, $ 2400 can be seen again.
RIPPLE(XRP)
XRP is priced at $0.6171 with a gain of 0.82% as of morning hours. There was an increase to the level of 0.63 dollars, but no permanence was achieved. To be sure of a bullish breakout in XRP, $0.65 needs to be breached. Below $0.65 will be a pressured pricing. With the gain of $ 0.65, rises up to $ 0.7266 can be seen. Below $0.60 may cause retreats down to $0.57.
AVALANCHE(AVAX)
AVAX is priced at $ 47.45 with a 0.29% loss in value as of morning hours. After the $ 45 break was realized, persistence was achieved. We saw rises up to $50. Although it is reassuring that it is advancing with very bulky candles, it is useful to pay attention to the news. In case of a pullback, $ 45 is a region that can work as support. If this region is tested, momentum may pick up and rises up to $ 50 can be seen again.
SOLANA(SOL)
SOL is priced at $ 113 with a gain of 0.52% as of morning hours. When we examine the four-hour chart, SOL, which continued its strong performance, rose to $ 118 over the weekend. If the rise continues again after some horizontal movement, we see that the $ 117 level is an important resistance. If this level is exceeded, a movement towards the $ 125 region can be seen. In case of a pullback, 108 and 100 dollar levels can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 15.528 with a 1.74% gain in value. When we examine the four-hour chart, we see that the 15,900 level was tested with the movement experienced at the weekend. Later, it received a reaction from the rising trend zone with the double top formation formed in this region. If this reaction movement continues, 15,900 can be tested again and if the upward breakout occurs, a movement up to the 16,200 region can be seen. In case of a pullback, 15,200 and 15 dollar levels can be followed as support.
DOT
DOT is priced at $ 9.167 with a 6.5% gain as of morning hours. When we examine the four-hour chart, we see that the horizontal movement broke up and then continued its upward movement by retesting this zone. If this movement continues, the 9.40 region may be tested. In case of a pullback, the 8.80 region can be followed as support.
ENS
ENS is priced at $ 9.74 with a 4% gain in value as of morning hours. When we examine the four-hour chart, we see that the resistance zone is broken upwards. If this movement continues, the 10 zone can be followed. In case of a pullback, the 9.4 region can be followed as support.
