Will FTX Relaunch?
FTX, which went bankrupt in November and dragged the crypto market to the bottom, has been implementing bankruptcy and recovery plans such as the recovery of assets, debts and wasted expenses for a long time. In FTX, which proposed the organization of creditors into different classes during the litigation process, it was stated that if this request is accepted, the bankrupt stock exchange can restart with third-party investors. If the exchange is relaunched, it will only serve overseas customers.
Digital Asset Funds See Outflows
The Coinshares digital asset funds report saw outflows for the second consecutive week. While there was an outflow of 19.4 million dollars from Bitcoin and 1.9 million dollars from Ethereum, some inflows were seen in altcoins. There were also outflows from short BTC funds this week, the 14th in a row. and the exit was realized in a week. It was seen that investors preferred altcoins other than Ethereum and there was an inflow of close to 20 million dollars in the last 8 weeks.
Tether 2. Announced Quarterly Report
USDT’s issuer is Tether 2. Quarterly reports were announced. Significant developments were seen in the reports of Tether, which previously came to the fore with its reserves and risky assets held in its reserves. Tether holds $3.3 billion in extra reserves for USDT collateralization. In general, its reserves include US bonds and energy-related investments. So Tether has approximately $72.5 billion in reserves.
Polygon Certification Project in India
As we get closer to the launch of Polygon zkEVM and the POL token process, we are also seeing an increased portfolio of real-world applications of blockchain technology on the Polygon network. In Maharashtra, India’s second most populous state, the government announced that it will use the Polygon network to create and distribute certificates that serve as registration documents.
Cardano Announces Mithril Protocol
Cardano, which continues to develop on the network, has finally announced the Mithril protocol as a development on the main network. Mithril is a staking-based protocol and allows for increased efficiency in node synchronization. Mithril was officially launched on the mainnet yesterday.
BITCOIN(BTC)
Bitcoin is priced at $ 28,898 with a 1.14% loss in value as of today morning hours. We see that the horizontal movement in Bitcoin, which started with the breakout of 29,500, broke down yesterday and fell to 28,800 support. We see that the market volume was well below the 100-day average level and that the price broke down yesterday with above-average selling pressure. We think that the 28,600-28,800 zone in Bitcoin is a good support zone and has not been broken for now, and that this zone may remain intact in the absence of a negative development.
ETHEREUM (ETH)
ETH, which lost 1.46% as of morning hours, is priced at $ 1829. After the 50 and 100-day moving averages in Ethereum, we see that the 1845 level has also broken down and retreated to 1820 support. We can say that if the 1820 level, which is working for now in Ethereum, breaks down, 1775 will be the next support level.
