CZ will not be able to leave the US during the trial
Pending the US government’s request for an investigation, former Binance CEO CZ will not be allowed to return to his home in the United Arab Emirates while awaiting sentencing. According to a November 27 filing in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard Jones withdrew his order that would have allowed CZ to return to the United Arab Emirates, where his family members are based. The judge ordered that CZ not be allowed to travel to the UAE until the court rules on the US government’s request for review.
Trading on EVM Chains Increased by 1000
Avalanche, Celo, Fantom, BNB Chain and Polygon have seen a significant increase in the number of transactions since mid-November. Phantom and Celo’s activities increased by over 1000% compared to on-chain activities. Fantom saw the highest increase of 1321%, with transactions rising from 239,920 on November 17 to 3.41 million on November 26. Celo surged 1277% to 3.82 million trades on November 26 from 227,500 on November 22.
Inflows to Digital Asset Funds Continue
Digital asset funds received $346 million in inflows this week, making it 9 consecutive weeks of inflows. The highest inflow was in Bitcoin with 312 million dollars and the total inflow since the beginning of the year was 1.5 billion dollars. In altcoins, Ethereum received $33.5 million, Solana $3.5 million, Polkadot $0.8 million and Chainlink $0.6 million.
Collaboration between Sandbox, Nuqtah and Sandsoft
The Sandbox, Nuqtah and Sandsoft announced a partnership to promote Web3 and metadata adoption in Saudi Arabia and the MENA region. Nuqtah will list SAND plots and avatars on the NFT marketplace. The aim of the collaboration is to create games and Web3 experiences tailored to the preferences of Saudi gamers.
Building Permits and New Home Sales in the US
Yesterday, building permits and new home sales data were released in the US. Building permits were above expectations while new home sales were below expectations.
GBTC’s Discount Rate to NAV at Lowest Level Since July 2021
The discount value of the Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle, reached 8.06%, its lowest level since July 2021, on optimism over the possible approval of a Spot Bitcoin ETF in the US.
Standard Chartered to Participate in China’s CBDC Pilot Test
British bank Standard Chartered announced that it will participate in China’s digital Yuan central bank digital currency trials. With this announcement, it will be one of the first banks in China to do so. Standard Chartered, through its partner City Bank Clearing Services Co, will allow its customers to buy, exchange and redeem e-CNY in their bank accounts.
Bitcoin is priced at $ 37,000 with a 0.69% loss in value as of today morning hours. The ascending channel structure is still intact. There has been contact with the lower part of the canal. With the reaction it will get from here, there is a possibility that it will rise above the channel again, up to the level of $ 39,000. If the channel breaks down, the 35.200 region stands strong as intermediate support. We can then wait for $32,000 as major support.
ETH, which lost 1% as of morning hours, is priced at $ 2006.61. It had a very successful retest after breaking the downtrend. But he re-entered the falling structure. The first intermediate support zone can be stated as around 1970 dollars. Then between 1930 and 1900 dollars is a very strong support zone. If the upward breakout from here will take place again, pricing above $ 2050 must first be seen. Then, rises up to $ 2135 can be seen again.
XRP is priced at $0.5976 with a 1% loss in value as of morning hours. Although the intermediate trend is bearish, the main trend is still bullish. The major support zone is between $0.59 and $0.57. With the reaction it will receive from here, it can find its momentum again and rise up to $ 0.6740. The loss of this region may cause retreats up to $ 0.55.
AVAX is priced at $ 19.74 with a 3% depreciation as of morning hours. After the loss of an important region such as $20, it needs to find support in the $19 region for the uptrend to continue. In the loss of $19, the first major support area appears to be the $17 region. If it closes above $20, we can see the price up to $24 again.
SOL is priced at $ 54.10 with a 1.73% loss in value as of morning hours. When we examine the four-hour chart, we see that Solana is trading below the $ 55 support level. If the persistence below this level continues, there may be a pullback towards the 51.60 region. In case of a retreat towards this region, the reaction will be important. In order for the rise to continue, it is important for SOL to move above the $ 55 level.
As of morning hours, LINK is pricing at 13.910 with a 1.85% loss in value. The closest support level for LINK, which fell below 14.500 and 14 levels, which we followed as support levels with some retreat yesterday, is in the 13.400 region. This level seems to be important if the retracement continues. In order for the rise to begin, it is necessary to ensure permanence above the $ 14 level in the first place.
BAKE is priced at $ 0.1709 with a gain of 5.29% as of morning hours. When we examine the four-hour chart, we see that there is a descending triangle-like movement and in addition, the horizontal resistance is broken upwards. When we examine the resistance levels, we see that the 0.1740 region is important. In case of persistence above this level, an increase towards 0.18 levels can be seen. In case of a pullback, the 0.1680 level can be followed as support.
EDU is priced at $ 0.63555 with a 6.48% gain as of morning hours. When we examine the daily chart, we see that the 0.65000 level is an important resistance level. With an upward break of this level, there may be an upward movement towards the 0.70000 region. In case of a pullback, the 0.60000 region can be followed as support.