SEC Concerns About Solana’s Security Status
The SEC has shared concerns with potential ETF issuers about the possibility of Solana being classified as a security, which has led to the Cboe withdrawing related filings. This decision delays the approval process for the Solana ETFs, as the SEC and Cboe have decided not to file Forms 19b-4, which would have initiated the approval process. Despite the previous successes of the Bitcoin and Ethereum ETFs, the Solana ETFs face a difficult path under current regulatory conditions.
Judge Rejects SEC Request in Tron Case
A U.S. District Judge has ruled against the SEC in a lawsuit against Tron founder Justin Sun. The judge rejected Sun’s argument that he presented a new argument regarding the “joint venture” element in his defense. The lawsuit includes allegations of unregistered securities offerings and manipulative trading related to Tron and BitTorrent tokens.
Kamala Harris Considers Gary Gensler for Treasury Secretary
Kamala Harris is reportedly considering appointing SEC Chairman Gary Gensler as Treasury Secretary if she wins the 2024 election. Gensler’s potential appointment is expected to face strong opposition from Republicans due to his stance on crypto regulation. If appointed, Gensler could impose stricter financial regulations, which could impact the crypto industry and financial institutions in general.
Trump Jr. Launches Telegram Channel for Crypto Project
Donald Trump Jr. has announced the official Telegram channel for the Trump family’s crypto project, The DeFiant Ones. The channel was created to provide accurate updates and address concerns about the project. While the project is still largely under wraps, the crypto community is eagerly awaiting more details.
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BITCOIN (BTC)
BTC is priced at $60,930 with a 2.52% increase in value as of the morning hours. An increase was made to the level of $61,500, but it could not be sustained here either. A pullback was observed to $56,000. It seems like there was an instant reaction from this region. If the downward movement continues, $56,000 seems to be the strongest support position. The $62,500 region also appears as strong resistance.
ETHEREUM (ETH)
ETH is priced at $2674 with a 1.44% increase in value as of the morning hours. There was an increase from $2150 to $2700. Permanence could not be achieved at this level. In pullbacks, $2400 seems strong after $2500. If a breakdown occurs below the $2400 level, pullbacks to $2200 may be seen. If $2780 is broken upwards, pricing up to $3000 may be seen.
RIPPLE (XRP)
XRP is priced at $0.6059 with a 1.20% increase in value as of the morning hours. It rose to $0.65 due to the news, but it was not permanent. In pullbacks, a pullback to $0.54 may occur. In prices above $0.60, increases to $0.70 may be seen.
AVALANCHE (AVAX)
AVAX is priced at $21.87 with a 3.16% increase in value as of the morning hours. It was able to rise from $17.30 to $22.83. It works as resistance between $23 and $24. In pullbacks, $20 and $18 appear as strong support areas. In prices above $23, an increase of up to $25 may be seen.
SOLANA (SOL)
SOL is priced at $147.67 with a 2.28% increase in value as of the morning hours. After the rise from $112 to $164, the pullback seems to have stopped. In case the pullback occurs again, $128 is a strong support. As for resistance, $158 seems strong for now.
OUNCE GOLD
The ounce of gold is priced at $2503.45 with a 0.03% loss in value as of the morning hours. The ATH level was renewed on Friday. $2510 is now our first resistance zone. If there is a break above this level, ATH may be renewed again. The range between $2500 and $2483 seems strong as strong support in pullbacks.
OUNCE SILVER
Silver is priced at $28,989 with a 0.25% loss in value as of the morning hours. A 29.10 breakout occurred and a retest was given. In the continuation of the rise, an increase of up to $30.73 may occur. In pullbacks, 29 and 28.70 appear to be strong supports.
