VanEck Submits Form 8-A File to SEC for Spot Ethereum ETF Application
VanEck has filed a Form 8-A application for a spot Ethereum ETF. This form refers to the registration that allows issuers to trade on an exchange once the product is approved. Compared to the Spot Bitcoin ETF process, issuers filed Form 8-A approximately a week before these products began listing and trading after receiving approval from the SEC.
Bitcoin Sale from the German Government
A crypto wallet associated with the German government sold a significant amount of Bitcoin. According to the data, this wallet made three significant transactions on June 25 and sold 900 BTC worth $ 54 million according to current market values. The first two transactions involved a total of 400 BTC, and these assets were sent to two different exchange addresses.
New Payment Feature from Solana Foundation
The Solana Foundation has announced that it will introduce a new feature that promises to connect the blockchain to any website via a shareable link. The Foundation has released Solana Actions, which allows any website that can display a URL to perform a Solana action, according to a June 25 announcement. Additionally, this new feature; It can be used for crowdfunding, online purchasing and on-chain voting.
Ethereum ETF Comment from Gensler
SEC Chairman Gary Gensler reported that the spot Ethereum ETF launch process is progressing well. The SEC has approved forms for eight Ethereum ETFs, but the firms’ registration statements must be valid for trading to begin. The firms have updated their registration statements with additional details while awaiting SEC approval. Gensler emphasized that it is up to asset managers to make full disclosures for the process to move forward. Analyst Eric Balchunas expects these ETFs to launch next week.
Bitcoin Payments Application Strike Continues Its Operations in the UK
Strike, a payment app that uses the Bitcoin blockchain, announced in a blog post on Tuesday that it has launched its service in the United Kingdom, expanding its global reach just a few months after launching in Europe and Africa. The company announced that customers in the UK can now buy, sell and withdraw using the Strike app. In this way, users will be able to make transactions with Bitcoin or sterling.
Ava Labs Brings Intellectual Property Management to the K-Pop Industry
Ava Labs provides intellectual property management solutions for South Korean K-pop artists using the Avalanche blockchain, addressing issues such as underpayment and lack of transparency. The K-pop industry is expected to reach a valuation of $20 billion by 2031. A decentralized music streaming platform called Audius helps musicians manage their IP with Web3 tools. Industry legends like Ghostface Killah and Megadeth are also using blockchain through NFTs to release their music with creative licenses and deliver exclusive experiences to fans.
Mark Cuban Sold 14 NFTs in 2 Days
Billionaire Mark Cuban created interest and speculation in the NFT market by selling 14 NFTs in two days. In a notable sale, he sold his Pudgy Penguins NFT for 9,065 ETH ($30,000). Despite the sell-off, Cuban still has an NFT portfolio worth $6.2 million. Despite market declines, Cuban remains a believer in NFTs and suggests focusing on genuine interest rather than speculation as buying advice.
Nubank and Lightspark to Bring Bitcoin Lightning to Latin American Customers
Brazilian digital bank Nubank announced that it has partnered with Lightspark to integrate the Bitcoin Lightning Network for its 100 million customers in Latin America. According to the announcement, Lightspark will be responsible for integrating the Bitcoin Lightning Network framework. David Marcus, former president of PayPal and co-founder of Lightspark, sees the partnership as an important step towards the adoption and use of the Lightning Network.
Collaboration Between 21Shares and Zodia Custody
21Shares has partnered with Zodia Custody to offer advanced custody services for physically backed digital asset ETPs in the Swiss and European market. The partnership between 21Shares and Zodia Custody is designed to meet the growing demand for safe and compliant digital asset investments. Backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, Zodia Custody is known for its stringent security measures and strong custody services.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $61,580 with a 0.37% loss of value. There was a drop to $58,500, but it could not be sustained. The horizontal band has been re-entered. $63,500 appears to be the first resistance level. Closings above this level are required to continue the rise. In case the pullback continues, $55,000 appears as major support.
ETHEREUM (ETH)
ETH is priced at $3393 with a 0.25% loss in value as of the morning hours. $3148 appears as major support. After the drop to $3241, permanence could not be achieved and the upward movement partially started. For the rise to continue, permanence above $3500 must be maintained. If stability above $3500 is achieved, a rise to $3750 may occur. In the continuation of the retreat, $ 3000 seems to be the strongest support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $ 0.4738 with a 0.40% loss in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.45 level, but it could not be sustained. $0.50 is a critical level and this level must be regained. Initial support again appears to be the range between $0.48 and $0.45. Areas where there may be resistance include the $0.50 and $0.52 levels.
AVALANCHE (AVAX)
AVAX is priced at $25.70 with a 1.18% gain in value as of the morning hours. After the horizontal area is broken down, the decline continues. In case of withdrawals, the 22 and 20 dollar zones can be followed as support. $25.30 seems to hold the price for now. For the rise to continue, the $30 zone must be broken and persistence must be achieved. If $ 30 is exceeded, there may be a rise again up to $ 40. If the withdrawal continues, $20 is a region that is likely to act as major support.
SOLANA (SOL)
SOL is priced at $136.86 with a 0.23% gain in value as of the morning hours. When we examine the daily chart, we see that the $140 level, which we follow as the resistance zone, was tested, but it could not be maintained above this zone. This region appears as an important resistance zone in upward movements. In case of withdrawals, the $ 130 level can be followed as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $14,155, with a 0.27% loss in value. When we examine the daily chart, we see that the daily closing was above the $ 14 level with the reaction from the support zone. If this movement continues, the $14,500 and $15 levels appear as resistance. In case of withdrawals, the levels of $ 14 and $ 13,800 can be followed as support in the short term.
FET
As of the morning hours, FET is priced at $1,737 with a 9.45% gain in value. When we examine the four-hour chart, we see that there is an upward breakout movement. If this movement continues and persists above the $1.80 level, a move towards the $2 region may be possible. In downward movements, the $1.70 region appears as support.
AGIX
AGIX is priced at $0.722 with an 8.91% gain in value as of the morning hours. When we examine the four-hour chart, we see that the resistance zone has been broken upwards. If this movement continues, the first resistance zone is located at $ 0.75. In case of withdrawals, the $0.70 level can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2310 dollars with a 0.40% loss in value. There was a decline from $2390 to $2290. The $2290 level is acting as support. The $2360 resistance level was broken to the upside. If pricing is seen above 2400, there may be a rise again up to 2450 dollars. For a short-term rise, pricing above $2350 should be maintained.
OUNCE OF SILVER
As of the morning hours, silver is priced at $28.93 with a 0.07% gain in value. When we examine the four-hour chart, we see that the $ 29.50 level, which we follow as the support zone, has been broken downwards and the $ 28.90 zone is being tested. If it persists above this region, the $29 level appears as resistance.
