SEC Delays Invesco and Galaxy Digital's Spot Ethereum ETF Application
The SEC announced that it has postponed its decision on the spot Ethereum ETF jointly proposed by asset management giant Invesco and crypto giant Galaxy Digital. Two companies made the application in September 2023. Following this decision, Standard Chartered analysts announced that they thought the spot Ethereum ETF could be approved by May.
IBIT Rises to Fifth Rank in Money Inflow Rankings Since the Beginning of the Year
BlackRock's iShares spot Bitcoin ETF managed to break into the top 0.16% of all ETF products issued in the United States. According to data shared by Bloomberg ETF analyst Eric Balchunas, IBIT exceeded the entry level of $ 3.19 billion. The funds above IBIT appear to be Vanguard's Total Stock Market ETF, which is based on the S&P 500 index.
Solana Network Restarted After 5-Hour Outage
The Solana network suffered an outage lasting 5 hours yesterday. Block production on the Solana mainnet beta was reported to have restarted the network at 17:57, following a successful upgrade to v1.17.20 and a restart of the cluster by validating operators.
MicroStrategy Increases Its Assets to 190,000 BTC by Purchasing $37 Million in Bitcoin
MicroStrategy, the largest publicly traded Bitcoin holder, announced in January that it purchased an additional 850 BTC, bringing its total assets to 190,000 BTC, worth $8.1 billion. Andrew Kang, the company's chief financial officer, announced that MicroStrategy purchased 56,650 BTC through 2023 at an average price of $33,580. “The next 15 years will be a regulated, institutional, high-growth period for Bitcoin, very different from the last 15 years,” added Microstrategy President Michael Saylor.
Filecoin Liquid Lease Protocol Glif Raises $4.5 Million
Glif is a liquid leasing protocol for Filecoin holders and storage providers. According to Glif's announcement on Tuesday; Zee Prime Capital raised $4.5 million in a seed funding round led by Multicoin Capital with participation from Fintech Collective, Big Brain Holdings, Protocol Labs and other investors.
Cardano Foundation CEO Frederik Gregaard Described His Future Vision
Led by CEO Frederik Gregaard, the Cardano Foundation advocates for public trust and consent regarding the value of money, inspired by people like Mark Carney. Responsible for managing the development of Cardano, the foundation prioritizes operational flexibility, works with international regulators and academic institutions, and supports educational initiatives to empower a diverse audience. Gregaard thinks that in the future, Cardano will play an important role in meeting the challenges of the digital age with transparent and flexible systems.
Treasury Secretary Yellen Says US Needs Better Stablecoin Regulation
U.S. Treasury Secretary Janet Yellen told lawmakers in testimony before the House Financial Services Committee on Tuesday that the government's financial risk watchdogs want minimal federal oversight of stablecoin issuers to set universal compliance standards beyond states like New York and Texas. Yellen also stated that the council of financial regulators she leads believes it is critical to have a federal regulatory basis that applies to all states, and that a federal regulator should have the authority to decide whether a stablecoin issuer should be prohibited from issuing money.
CleanSpark Announces Acquisition of Four Bitcoin Mining Facilities
Bitcoin mining firm CleanSpark said in a press release published on February 6 that it will purchase four new mining facilities. The company announced that it has entered into definitive agreements to purchase three 'turnkey' Bitcoin mining facilities in Mississippi. The other facility is located in Dalton, Georgia. CleanSpark expects the project to be completed and operational by April 2024. After the purchased facilities are implemented, the hash rate is expected to be 2.4 EH/s.
Today morning, Bitcoin is trading at $42,969, down 0.30%. We are still in the middle of the current horizontal band. $43,000 is a critical level. Breaks above this level could trigger a rise towards $44,500. If the decline continues, $42,000 can be considered as the first support zone. If there is a loss of $ 42,000, there may be a drop to $ 41,200.
Ethereum, which lost 0.34% in value as of the morning hours, is priced at $ 2364. After being rejected at the first resistance level of $2390, it is retreating downwards for a correction move. This pullback may end at $2350. If it receives support at $2350, a rise to $2450 may be seen.
As of the morning hours, XRP is priced at $0.5029 with a 0.42% loss in value. $0.50 is a strong support zone and it is very important to maintain this level. In case of a downward break of the 0.50 level, the first support zone appears to be $0.48. If there is an upward break, a rise of up to $0.54 may be seen.
AVAX is priced at $33.97 with a 0.56% loss in value as of morning hours. The strong support level of $34 was lost again, but a close was not achieved. It is important to maintain permanence above this level. We are in that area now. If there is a break below $32, there may be a possibility of a pullback towards the next support level at $31. Therefore, staying above $34 is of great importance. If prices above 36 dollars are seen, an increase up to 39 dollars may be seen.
SOL is priced at $95.8 with a 1.10% depreciation as of the morning hours. When we examine the four-hour chart, we see that there is a retreat to the 94.5 level, which is the support zone again. The reactions from this region will be important. If the support zone breaks downwards, a decline towards the $90 level may be possible. In case of an upward reaction, the $98-100 region can be followed as resistance.
As of the morning hours, LINK is priced at $18,955, with a 1.13% loss in value. When we examine the daily chart, we see that the strong outlook continues after the horizontal movement was broken. The $19,500 level can be followed as a resistance zone in upward movements. If this area is broken upwards, a move towards the $20 level may be possible. In case of a withdrawal, the $18 level can be followed as support.
OCEAN is priced at $0.4268 with a 2.15% gain in value as of the morning hours. When we examine the four-hour chart, we see that it looks like a descending triangle formation. The breakout level is $0.4340. If this zone breaks upwards, the $0.46 level can be tested. In case of a pullback, the $0.41 level can be followed as support.
ATOM is priced at $9,267 with a 1.50% gain in value as of the morning hours. When we examine the daily chart, we see that there is an upward reaction from the support zone at $ 8,940. Additionally, the falling trend line appears to have been broken upward. If this move continues, the $9.50 level could be tested. In case of a withdrawal, the $9 level can be followed as support.