Telegram CEO Durov Faces Indictment in France
Telegram CEO Pavel Durov faces an indictment in France that includes accusations of aiding the spread of illegal content. Durov has been placed under judicial supervision requiring him to remain in France and must pay a €5 million bail. The indictment comes as part of a broader investigation into cybercrime committed through Telegram’s services. However, it has received support from the crypto community, with French President Macron stating that the arrest was not a political decision.
Harris Backs Unrealized Capital Gains Tax
Democratic presidential candidate Kamala Harris supports a 25% tax on unrealized capital gains for Americans with more than $100 million in assets. Her economic advisor has defended the policy, likening it to estate taxes, but critics say it could be unconstitutional and hurt U.S. markets. The tax plan was presented as part of a broader economic policy and has raised concerns in the crypto community due to the advisor’s anti-crypto stance.
OpenSea Receives ‘Wells Notice’ from SEC
Leading NFT platform OpenSea has received a Wells Notice from the SEC, warning it could be sued for violating securities laws. The notice comes as part of a broader regulatory crackdown on the crypto industry and has drawn harsh criticism from industry leaders. Many argue that the SEC’s approach to regulating NFTs is outdated and could be detrimental to the market.
Nvidia Shares Drop After Earnings Beat Expectations
Nvidia reported better-than-expected earnings for its fiscal second quarter. That growth was largely driven by its data center business. However, shares fell in after-hours trading, likely due to earnings realization and higher expectations. Nvidia continues to dominate the AI chip market, with strong demand for its next-generation Blackwell chip. However, competitors like AMD are starting to challenge its market position.
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BITCOIN(BTC)
BTC is priced at $59,440 with a 0.68% increase in value as of the morning hours. An increase of up to $65,000 was achieved but could not be sustained. A pullback of up to $58,000 was experienced. $58,000 seems to be a strong support for now. Prices above $62,800 are required for an increase.
ETHEREUM(ETH)
As of the morning hours, ETH is priced at $2540 with a 0.46% increase in value. There was an increase from $2570 to $2820. Permanence could not be achieved at this level. There was a decrease to $2400. If a breakdown occurs below the $2400 level, pullbacks to $2330 may be seen. If $2820 is broken upwards, pricing up to $3000 may be seen.
RIPPLE(XRP)
XRP is priced at $0.57 with a 0.79% gain as of the morning hours. Persistence above $0.60 will be quite positive. A pullback to $0.5545 occurred. In pullbacks, a pullback to $0.5350 may now occur. In prices above $0.60, increases to $0.70 may be seen.
AVALANCHE(AVAX)
AVAX is priced at $23.73 with a 1.19% increase in value as of the morning hours. There is pricing below $25 again. With the reaction it will receive from this region, an increase of up to $29 may occur. If the pullback deepens, the price may go up to $22.
SOLANA (SOL)
SOL is priced at $144.24 with a 0.21% gain in value as of the morning hours. There was another pullback from $162 to the $144 region. If it reacts from this level, a rise to $157 may occur. If the pullback continues, the $137 region seems strong.
OUNCE GOLD
As of the morning hours, the ounce of gold is priced at $2518 with a 0.55% increase in value. After the ATH was renewed, prices below $2500 were seen, but we are above $2500 again. $2535 is now our first resistance zone. If there is a break above this level, ATH can be renewed again. The $2470 and $2465 range seems strong as strong support in pullbacks.
OUNCE SILVER
Silver is priced at $29.60 with a 1.29% increase in value as of the morning hours. A break of 29.10 occurred and a retest was given. In the continuation of the rise, an increase of up to $30.73 may occur. In pullbacks, 29 and 28.70 appear to be strong supports.
