SEC Delays Franklin Templeton and Grayscale’s Spot Ethereum ETF Applications
According to the statement made yesterday, the US Securities and Exchange Commission (SEC) postponed the spot Ethereum ETF applications made by Franklin Templeton and Grayscale to June 11 and June 23, respectively. In separate statements summarizing the decision, the SEC suggested it needed more time to consider both applications.
Total Investment of $40 Million in Fidelity’s Spot Bitcoin ETF
A total of $40 million has been invested in Fidelity’s spot Bitcoin ETF from two traditional US financial advisors. With this investment, a new record was set as the largest single investment in a Bitcoin fund. Financial advisory firms Legacy Wealth Management and United Capital Management of Kansas recently invested $40 million in the FBTC fund, joining it among the fund’s largest shareholders, according to Bloomberg ETF analyst Eric Balchunas.
Worldcoin to Increase WLD Supply by Up to 19% in the Next Six Months
Worldcoin announced that it will increase its WLD token supply by up to 19% over the next six months through private sales to institutions outside the United States. In a blog post dated April 23, Worldcoin announced that World Assets, a subsidiary of the Worldcoin Foundation responsible for token issuance, is issuing 1.5 million WLDs worth approximately $8.2 million each week to a number of ‘select institutional trading firms’ operating outside the US. He shared that he would sell tokens.
Ethereum Name Service Announces ‘.box’ Integration
Ethereum Name Service has integrated .box domains that can be used with internet browsers. With this integration, users will be able to register .box domains through the admin application, which can be used with web2 services such as email and website hosting. Additionally, domains on .box are searchable in major browsers such as Google Chrome and Safari and are therefore compatible with popular email services.
Digital Asset Funds Seen Outflow for Two Consecutive Weeks
Digital asset funds saw an outflow of $206 million for the second week in a row. When we evaluated on an ETF basis, the highest rise was in Bitcoin with $192 million. Additionally, there was an outflow of $34 million in Ethereum. In terms of entry, there was an entry of 3.2 million dollars in Litecoin, 1.73 million dollars in Chainlink and 1.45 million dollars in Polkadot.
Venezuela Will Start Using Crypto for Oil Trading
Venezuela is intensifying its use of cryptocurrencies for oil exports in response to reimposed US sanctions. The country’s state-run oil giant PDVSA is pioneering the move to cryptocurrencies as a strategy to bypass financial hurdles affecting its operations.
New Project Free from Gas Costs from SKALE Network
SKALE, which surpassed 300 million total transactions in January and processes over 30 million monthly transactions, announced that it will offer projects a platform free of the usual hurdles such as gas costs found in other blockchain networks. Additionally, with notable performances, strategic partnerships, and unmatched user growth across twenty AppChains, SKALE has solidified its role as a key scaling solution for industries such as gaming and artificial intelligence.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $66,750 with a 0.50% gain in value. There is a horizontal band between $72,800 and $60,800. There was no close below $60,800 and the upward movement has started. The middle region of the horizontal band, $67,000, is a critical area, and in case of a close above this level, increases up to $72,800 may be seen. For now, this area works as resistance. If there is a rejection at $ 67,000, there may be a withdrawal again up to $ 60,800.
ETHEREUM (ETH)
ETH is priced at $3256 with a 1.15% gain in value as of the morning hours. There are ups and downs in the price between $3300 and $2900. Permanence above $3000 has been achieved. $3200 is a critical region and a large breakout has occurred. If persistence is achieved, an increase up to $3500 may be seen. If there is rejection in this area, the next strong support areas include $ 3100 and $ 3000.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5485 with a 0.70% gain in value. There is a horizontal channel between $0.46 and $0.55. There was no closing below $0.45. For this reason, there is still a possibility that the rise will continue. $0.55 is a critical level, and if it closes above this level, a rise to $0.60 may occur. If $0.55 acts as resistance, areas that could be support include $0.50 and $0.47.
AVALANCHE (AVAX)
AVAX is priced at $39.39 with a 2.87% gain in value as of the morning hours. There is a horizontal line between $39 and $31. We are currently at the resistance level. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. In case of rejection at this level, withdrawals may occur up to $35 and then to $32.
SOLANA (SOL)
SOL is priced at $159.65 with a 3.06% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $153 level, which we follow as the resistance zone, and the $158 level, which is also the short-term resistance zone, have been broken upwards. If this movement continues, a move towards the $165 level may be possible. In case of withdrawals, the $ 150 level can be followed as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $15,380 with a 1.33% gain in value. When we examine the hourly chart, we see that the falling trend line has been broken upward. If this movement continues, the $15,630 level appears as resistance. If the resistance zone is broken, the $16 level can be tested. In case of withdrawals, the levels of 15,300 and 15,100 dollars can be followed as support.
CHZ
CHZ is priced at $0.13100 with an 11.53% gain in value as of the morning hours. When we examine the four-hour chart, we see that the ascending triangle formation has broken upward. If this movement continues, the $0.14 region may be tested. In case of withdrawals, the $ 0.12500 region can be followed as support.
XTZ
XTZ is priced at $1,095 with a 4.10% gain in value as of the morning hours. When we examine the hourly chart, we see that the symmetrical triangle formation and the horizontal resistance zone have been broken upwards. If the breakout movement continues, the $1.12 level may be tested. In case of withdrawals, the $ 1.08 level can be followed as support.
OUNCE OF GOLD
Ounce Gold is priced at 2326 dollars with a 0.25% gain in value as of the morning hours. When we examine the four-hour chart, we see that persistence above the $ 2400 level has not been achieved and at the same time, the short-term rising trend line has been broken downwards. If this withdrawal movement continues, the $ 2300 level and then the $ 2280 level can be followed as support. In upward movements, the 2380 and 2400 dollar areas appear as resistance.
OUNCE OF SILVER
As of the morning hours, silver is priced at $27.41 with a 0.37% gain in value. When we examine the hourly chart, we see that after the decline, a short-term reverse head-and-shoulders (TOBO) formation was formed and an upward break occurred. If this movement continues, a move towards the $27.80 region may be possible. In case of withdrawals, the $27.35 region can be followed as support.
