SEC Meets with Exchange Representatives for Anticipated Spot Bitcoin ETF Approval
According to FOX Business, the US Securities and Exchange Commission (SEC) is close to approving several spot Bitcoin ETFs. In a series of key meetings with major exchanges, including the New York Stock Exchange (NYSE), Nasdaq and the Chicago Board Options Exchange (CBOE), the SEC has reportedly completed its review of applications for the much-anticipated spot Bitcoin ETFs.
Grayscale Files Form 8-A with the SEC
Grayscale became the latest firm to file a Form 8-A, signaling progress towards a potential spot Bitcoin ETF. This form is the registration that allows issuers to trade on the exchange if they receive approval. Grayscale’s move came a day after Fidelity filed its Form 8-A and before the SEC’s January 10 deadline.
Valkyrie Files Application to SEC for Spot Bitcoin ETF
Valkyrie Investments has filed for a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC). The move brings Valkyrie in line with big firms like Fidelity, Grayscale and VanEck, signaling a shift towards integrating cryptocurrencies into traditional finance.
Franklin Templeton Moves for Bitcoin-Backed Depository Receipts
Franklin Templeton-backed Receipts Depositary Corporation has announced plans to issue Bitcoin-based depositary receipts in the coming weeks. Depositary receipts are exempt for qualified institutional buyers under the US Securities Act of 1933, the firm said. “We are excited to provide qualified institutional buyers with secure and regulated access to the digital assets they expect through Bitcoin depository receipts,” said Ankit Mehta, co-founder and CEO of RDC.
USDC Trading Volume Outpaces USDT
According to the data, the trading volume of USDC, the Solana-based stablecoin, surpassed that of USDT on the Tron blockchain. The data shows that USDC transfer volume was over $60 billion on January 1, while USDT was at $34 billion. When the December volumes are analyzed, it is seen that USDC had a trading volume of $ 24.58 billion and USDT was $ 6.54 billion.
Memeland Receives Investment from Binance Labs
Cryptocurrency project Memeland received investment from Binance Labs. Binance Labs announced on Thursday, January 4th that it has committed an undisclosed amount of funding to support the project and its native token MEME to encourage adoption of the ecosystem.
Marathon Digital Breaks Its Own Mining Record
Bitcoin miner Marathon Digital Holdings set a new production record in December, mining more Bitcoin than in any previous month. According to a new statement released on January 4, the Florida-based firm reported that it mined 1,853 Bitcoins in December, an increase of 56% compared to November and 290% compared to the previous year.
Visa Announces Launch of New Web3 Service
Digital payments giant Visa announced on Thursday that it will launch a Web3 loyalty service. The customer engagement platform, called Visa Web3 Loyalty Engagement Solution, will allow brands to create digital wallets where they can store reward points and experiences on behalf of consumers.
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BITCOIN(BTC)
Bitcoin is priced at $ 43,577 with a 1.27% loss in value as of today morning hours. After climbing back above $44,700, it fell to 421,400. It moved quite volatile after the ETF approval news that may come in the evening. 43,500 is the first support position and pricing below it may decline to $ 42,300. In pricing above $ 44,300, an increase up to $ 46,000 can be seen.
ETHEREUM(ETH)
ETH, which lost 1.00% as of morning hours, is priced at $ 2247. With yesterday’s movement, it went up to $ 2295 and then retreated to $ 2210. 2200 dollars is a major support zone and a decline up to 2158 dollars can be seen in downward pricing. In pricing above $ 2275, an increase up to $ 2400 can be seen.
RIPPLE(XRP)
XRP is priced at $0.5748 with a 1.94% loss in value as of morning hours. After seeing the 0.5930 dollar level, it made a retreat again. 0.5747 from the previous strong support zones, pricing above here may cause rises up to 0.6462 dollars. If the downward break occurs, decreases up to $ 0.50 can be seen.
AVALANCHE(AVAX)
AVAX is pricing at $ 37.00 levels with a 4.39% loss in value as of morning hours. After rising up to $ 39.50, it fell back to $ 37. 35 dollars is the first strong support zone and 32 dollars can be seen again in the pricing below. With the break of $ 40, rises up to $ 44 can be seen.
SOLANA(SOL)
SOL is priced at $101.3, down 3.45% as of morning hours. When we examine the four-hour chart, we see that yesterday’s buying reaction lasted up to the $ 105 level and could not be sustained above the rising trend line we follow. If the retreat continues, the $ 100 and $ 95 levels can be followed as support. If the resistance zone of 105 dollars is passed, a rise towards the 115 dollar region can be seen.
CHAINLINK(LINK)
With a 2.56% loss in value as of morning hours, LINK is priced at $ 14,150. When we examine the daily chart, we see that there is a horizontal movement between the $ 13,300 and $ 17 levels. With the reaction experienced yesterday, we see that the rising trend line could not be crossed upwards and faced selling pressure from the 14,700 region. In addition, we see that the 13,800 zone is also working as a good support. In case of a pullback, if this level is broken downwards, 13.400 can be followed as support. If the resistance zone of $14,700 and $15 levels are passed upwards, an upward movement towards the $16 region can be seen.
ARPA
ARPA is priced at $ 0.06560 with a gain of 10.45% as of morning hours. When we examine the daily chart, we see that the resistance zone of 0.06395 has been broken upwards. If this movement continues, the 0.07 level can be targeted. In case of a pullback, the 0.062 level can be followed as support.
CTSI
CTSI is priced at $ 0.2440 with a 6% gain as of morning hours. When we examine the hourly chart, we see that the horizontal resistance zone of 0.24 has been broken upwards. If this movement continues, the 0.25 level can be targeted. In case of a pullback, the 0.242 level can be followed as support.
