SEC Delays Galaxy Invesco’s Spot Ethereum ETF Application
The US Securities and Exchange Commission (SEC) has postponed its decision on Galaxy Invesco’s spot Ethereum ETF application. The SEC set a decision deadline of July 5, with a 60-day delay for Galaxy to make a decision on the ETF application.
SEC Sent Written Text to Robinhood Alleging Rule Violation
Robinhood stated in a statement on Monday that they received a written message from the SEC stating that they were pursuing the company’s crypto department for violations of securities rules. Additionally, Robinhood announced that they received a so-called ‘Wells notice’ issued by the SEC that it planned to take enforcement action against them. “We firmly believe that the assets listed on our platform are not securities, and we look forward to meeting with the SEC to make clear how weak any case against Robinhood Crypto would be,” said Dan Gallagher, Robinhood’s director of legal, compliance and corporate affairs. said.
$68 Million Spot Bitcoin ETF Purchase from Hightower
The asset manager named Hightower, which has assets of $130 billion, announced that it purchased spot Bitcoin ETF worth $68 million with the 13F document it shared yesterday. When we examine the purchases, GBTC ranks first with 44 million dollars, FBTC ranks second with 12 million dollars, and IBIT ranks third with 7 million dollars.
Two Consecutive Days of Money Inflow from GBTC
Following the end of the 78-day outflow series with the money inflow seen on the GBTC side on Friday last week, when we examined the data on Monday, there was a money inflow of 4 million dollars, thus making two days of money inflow in a row. There was a money inflow of $217 million in all spot Bitcoin ETFs.
Marathon’s Market Value Increased by 800 Million Dollars
Shares of Marathon Digital rose 18% on Monday after S&P Global announced the Bitcoin miner would be included in its small-cap stock index. This increase increased the company’s market value by approximately $800 million, according to Ycharts data. Yahoo Finance reports that shares of Marathon Digital closed at $20.67 at the end of trading for the day. According to Ycharts data, the company’s market value increased from $4.7 billion to $5.5 billion on Friday.
ARB Exceeds $150 Billion in Uniswap Transaction Volume
Layer-2 protocol Arbitrum has seen over $150 billion in trading volume on Uniswap. According to Uniswap Labs’ social media post on Monday, Arbitrum was the first Layer-2 protocol to cross the DEX threshold. Total volume on Arbitrum at the beginning of May was $150.2 billion.
Ore. Wins Solana Hackathon
Despite significantly impacting the blockchain, the team behind Ore won the grand prize during a hackathon supported by the Solana Foundation. Ore won 50,000 USDC. Two of the biggest reasons for Solana’s transaction failure issue in mid-April were a sudden increase in Ore mining transactions and the recent memecoin craze. This issue caused more than 70% of non-voting action requests to be initially rejected.
Bitcoin Wallet Maker Enters New York Stock Exchange
Exodus Movement, the software developer of the Exodus Wallet for Bitcoin, has received approval to list its common shares on the New York Stock Exchange. JP Richardson, CEO and co-founder of Exodus, stated that the company has received approval from the US Securities and Exchange Commission and is authorized to trade on NYSE American.
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BITCOIN (BTC)
BTC is priced at $63,340 with a 0.28% gain in value as of the morning hours. The rise continues after gaining support at $56,600. $60,800 was regained. It is now a region that can work as support. $66,800 is a critical region, and in case of a break above, increases may be seen up to $72,800. If there is a rejection at $66,800, a withdrawal may occur again up to $60,800. Yesterday, there was an increase up to $65,000, but it could not be sustained.
ETHEREUM (ETH)
ETH is priced at $3068 with a 0.10% gain in value as of the morning hours. The rise continues after receiving support at $2820. After permanence above $3050 was achieved, $3100 was also exceeded. The $3150 region is the middle part of the horizontal band. For this reason, resistance may be encountered. In case of rejection, $3050 may act as support. It looks like it has support for now. If there is a break above $3200, a rise to $3380 may be seen.
RIPPLE (XRP)
XRP is priced at $0.5375 with a 0.44% loss of value as of the morning hours. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be permanent. $0.50 is a critical level, and if it closes below this level, there may be a drop to $0.48. $0.50 worked as support. Areas that may be resistance include $0.55 and $0.58.
AVALANCHE (AVAX)
AVAX is priced at $36.96 with a 0.38% loss in value as of the morning hours. There is a horizontal line between $40 and $31. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. If the pullback continues, pullbacks up to $36 and then up to $32 may be seen. $36 is a critical zone and holds the price as support for now. If there is a loss here, a movement towards the 31 dollar level may be seen.
SOLANA (SOL)
SOL is priced at $154.88 with a 1.32% gain in value as of the morning hours. When we examine the daily chart, we see that the resistance area of $158 – $160 is important. If there is persistence above this region, we can expect the upward movement to continue and a movement towards the $165 region may be possible. In case of withdrawals, the $ 150 level can be followed as support in the short term.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 14,260 with a 1.55% loss in value. When we examine the four-hour chart, we see that the resistance zone of $ 15,200 was tested with the upward movement experienced yesterday and there was a downward movement with the double top formation formed in this region. If this movement continues, the $14 – $14,100 region appears as support. In upward movements, the $ 14,500 level can be followed as resistance.
NEAR
NEAR is priced at $7,357 with a 0.62% gain in value as of the morning hours. When we examine the daily chart, we see that it looks similar to the inverted head and shoulders (TOBO) formation. The resistance point of this formation appears as $ 7.50. If it persists above this region, the $8 region can be targeted. In case of withdrawals, the $7 level can be followed as support.
CHZ
CHZ is priced at $0.12335 with a 1.27% gain in value as of the morning hours. When we examine the four-hour chart, we see that the resistance zone of $ 0.12790 was tested but could not be sustained above it. If it persists above this region, the $0.135 level can be followed. In case of withdrawals, the $0.12 region appears as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2321.72 dollars with a 0.12% loss in value. When we examine the four-hour chart, we see that there is no persistence above the $ 2400 level and at the same time, the short-term rising trend line is broken downwards. If this withdrawal movement continued, the $ 2300 level and then the $ 2280 level could be followed as support, and these levels were reached. He worked as support. In upward movements, the 2380 and 2400 dollar regions appear as resistance. $2300 is working as support for now. If this level is lost, there may be a decline to 2260 dollars. $2332 appears as the first intermediate resistance zone.
OUNCE OF SILVER
As of the morning hours, silver is priced at $26.95 with a 1.46% gain in value. When we examine the four-hour chart, we see that it received a strong reaction from the $26 level, which we follow as the support zone. The closest resistance point appears to be $27. If it persists above this region, 27.50 and then 28 dollars levels can be targeted. In case of withdrawals, $ 26.50 can be followed as short-term support.
