SEC Delays Ark’s Spot Bitcoin ETF Application
Following the ETF applications, the SEC’s first evaluation process has begun. The SEC, which postponed the first application, ARK’s Bitcoin ETF application last week, is expected to make a similar return to all applications. The next decision dates are expected to be next September, December and late February.
New Rule for Crypto Assets in Brazil
A parliamentary group in Brazil is looking for ways to tax offshore crypto exchanges that trade in the country but are based in foreign countries. To this end, this group, which considers crypto assets on foreign exchanges as “financial assets”, is working to increase taxation and pressure on foreign exchanges.
ETF Commentary by Former SEC Executive
Former SEC executive John Reed Stark evaluated the Spot Bitcoin ETF applications made by giant companies and the process. Stark stated that the SEC cannot accept the applications and that the process depends on the presidential elections.
Donald Trump’s Crypto Investment
Former US President and Presidential candidate in the 2024 Presidential Elections, Donald Trump’s 82-page list of declared assets included crypto asset investments. The former US President was seen to have Ethereum between 250,000-500,000 dollars. Trump also has an NFT collection that was released last year.
Sam Bankman Fried in Detention Center
Former FTX CEO Sam Bankman Fried was granted permission to spend the court proceedings at his family’s home in exchange for a $250 million guarantee. During this period, many new rules were added because of his life at home and his mobility. Last week, after a judge revoked his bail, he was sent to Brooklyn MDC, a notoriously uncomfortable prison in SBF.
Coca-Cola Accelerates NFT Efforts
Coca-Cola, one of the world’s largest companies, announced the new Coca-Cola collection at Onchain Summer on Sunday, August 13th. It was also announced that the collection will be released on Coinbase’s Layer-2 protocol Base. “CocaCola is taking its Global Masterpiece campaign up the chain with iconic works by leading artists,” the statement said.
BITCOIN(BTC)
Bitcoin is priced at $ 29,445 with a 0.49% gain in value as of today morning hours. While last week’s data in Bitcoin did not contribute to volatility, we see that after the activity we saw at the beginning of last week, we see that it made a very slow and boring movement in the 4-day period with the announcement of the data on Thursday. We can say that the next support levels in Bitcoin are 29,000 and 28,800, and that 29,550 and 30,000 levels will be critical in the upward movement.
ETHEREUM (ETH)
ETH, which gained 0.47% as of morning hours, is priced at $ 1849. In Ethereum, we see that the hourly descending triangle pattern in Ethereum ended without a downside breakout, and after rising to 1860 with the subsequent rise, it retreated to the 1830 region with a huge selling pressure. Despite the large sales volume in Ethereum, we can say that the 1820 region is strong with the rapid return and reaction, but similarly, we can say that we may face intense sales above 1855.
SOLANA(SOL)
SOL, which gained 0.78% as of morning hours, is priced at $ 24.42. We see that mobility continues between short-term support and resistance levels in SOL. Especially in the last 4 days, we think that the movement in the range of 24.20-25.00 continues and if this movement continues, SOL may offer good opportunities. 23.50 on the downside break and 25.50 on the upside break will be critical.
