SEC Delays Global X and Franklin ETF Filings – Fidelity Seeks to Create Ethereum ETF

SEC Delays Global X and Franklin ETF Filings

The SEC announced that Global X’s spot Bitcoin ETF on the CBOE exchange will not be approved until December 22. According to Bloomberg analyst James Seyffart, this postponement was expected. In addition, on Friday, the SEC delayed its decision on whether to approve the Franklin Bitcoin ETF until early 2024.

Fidelity Wants to Create Ethereum ETF

Fidelity, like BlackRock and other financial firms, wants to create an ETH ETF. Fidelity is seeking to create an exchange-traded fund that owns an Ethereum ETF, according to a filing on Friday. Thus, it joins BlackRock in the same sector.

Bitcoin and Ethereum Active Supply at Record Lows

The percentage of tokens that have moved in the last year has fallen to record lows for both Bitcoin and Ethereum. Between March 2017 and 2018, more than 59% of Bitcoin supply was active at its peak. However, only 30.12% of the Bitcoin supply changed hands last year. Ether, where more than 86% of its supply moved between July 2016 and 2017, reached a record low last year with only 39.15% of its supply changing hands. The record low active supply for Bitcoin comes ahead of the halving of halving rewards, currently projected to take place in April next year. The percentage of tokens untouched for 3-5 years is also at record lows.

Sam Altman Leaves OpenAI

Worldcoin’s price fell 6% after CEO Sam Altman left OpenAI. OpenAI announced that Altman had been dishonest in his communication and that he would no longer serve as CEO.

dYdX’s Insurance Fund Loses $9 Million After Attack

The decentralized exchange dYdX suffered a loss of $9 million, representing about 40% of the fund’s total, after the price of Yearn Finance (YFI) fell by 40% yesterday. While dYdX said in a statement that no user funds were affected and its team is investigating the incident, its CEO called it “quite clearly a targeted attack on dYdX.”

The platform also stated that the insurance fund was “well-funded”, with $13.5 million remaining. On its website, dYdX explained that the insurance fund, which is designed to kick in when an account has a negative balance, is “decentralized and the dYdX team will be directly responsible for deposits and withdrawals to the fund.”

Statement from Ripple’s CBDC Expert James Wallis

James Wallis, Ripple’s vice president specializing in Central Bank Digital Currencies (CBDCs), highlighted the potential of CBDCs to increase global financial inclusion. Wallis pointed out how CBDCs can revolutionize access to financial services.

Bitcoin-Friendly Javier Milei Elected President of Argentina

The next president of Argentina will be Javier Milei. Bitcoin, which moved sideways for most of the weekend, started to rise on Sunday afternoon on rumors that Milei would perform strongly. Javier Milei, known as a Bitcoin friend, has made a positive impact following his election.

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BITCOIN(BTC)

Bitcoin is priced at $ 37,132 with a 0.62% loss in value as of today morning hours. Looking at the 4-hour chart, we see that the ascending channel is still working well. The midpoint of the channel is quite important and in the scenario where it receives a reaction from here, it may want to go to the upper band again. So that’s a break of $38,000. If a downward breakout occurs, we may test below the horizontal band. That’s approximately 36,000 dollars. The reaction it will get from these 2 places is very important and it would be more accurate to evaluate according to the price movement in these places.

ETHEREUM(ETH)

ETH, which lost 0.52% as of morning hours, is priced at the level of 2000 dollars. 2000 dollars is a critical level for Ethereum and if it holds here, we can see $ 2050 first and then $ 2100 again. In pricing below $2000, 1975 may be the first support. If there is a sharper retreat, $ 1900 seems to be the major support position.

RIPPLE(XRP)

XRP is priced at $0.6185 with a 1.15% loss in value as of morning hours. After $0.58 works as support, the upside break of $0.63 is very important. In case of an upward breakout, an increase up to the level of $ 0.70 may occur again. According to the overall market, Ripple has not experienced its full rise. It seems likely to continue rising with the news to come.

AVALANCHE(AVAX)

AVAX is priced at $ 22.39 with a 2.06% loss in value as of morning hours. Looking at the daily chart, we can see that $23.70 is working as a resistance zone. A break above this level could take AVAX up to $28. If there is a pullback, $20 seems to be the major support zone. With the reactions it will receive from here, it can make progress up to $ 24 again.

SOLANA(SOL)

SOL is priced at $ 59.50 with a 2.6% loss in value as of morning hours. When we examine the hourly chart, we see that a rectangle pattern is formed. In this pattern, we see that the rising trend is broken downwards. With a pullback within the pattern, 58 and then 56 levels may be tested. The rectangular lower band is 54.90. When we examine the resistance level, the 61.40 level may be important.

CHAINLINK(LINK)

As of morning hours, LINK is pricing at 15,000 with a 0.64% gain in value. When we analyze the hourly chart, we see that the 15,215 level is an important resistance point. With an upward break of this level, a movement towards 15.560 levels can be seen. In case of a pullback, 14,800 and then 14,500 levels can be followed as support.

FET
FET is priced at 0.5363 with a gain of 7.40% as of morning hours. When we analyze the daily chart, we see that the resistance zone of 0.4900 was broken upwards. If the movement continues, the 0.5400 level can be followed as resistance. In case of persistence above this level, a movement towards 0.5650 can be seen. In case of a pullback, there may be a retracement towards the 0.5200 level.

SNX

SNX is priced at $ 3,583 with a gain of 4.50% as of morning hours. When we examine the weekly chart, we see that the rectangle pattern has broken upwards. Breaking the resistance level of 3.300 seems important. In the continuation of the movement, 4 dollars can be followed as a resistance zone. In retracements, the 3.400 level can be followed as support.