Worldcoin Under Scrutiny in Colombia
Colombia’s consumer protection agency is investigating Worldcoin and its parent company Tools for Humanity for possible violations of the country’s privacy laws. The project, which identifies users by scanning their irises with a “World ID,” could face fines, a suspension of operations or a permanent shutdown if found guilty. Worldcoin, founded by OpenAI CEO Sam Altman, is facing similar scrutiny in other jurisdictions over its data collection practices.
Bitcoin ETFs See $39.4 Million Inflows, Ethereum ETFs Drop
Spot Bitcoin ETFs saw net inflows of $39.42 million in the recent period, led by Grayscale’s Bitcoin Mini Trust fund. While daily inflows were down from the previous day, trading volume rose to $1.42 billion. In contrast, Ethereum ETFs have been experiencing continuous outflows, highlighting the huge difference in investor sentiment between the two cryptocurrencies.
USDD Stablecoin Loses Bitcoin Collateral
TRON DAO Reserve’s USDD stablecoin has significantly changed its collateral structure by removing Bitcoin collateral. The move, which Justin Sun described as a routine occurrence, has made USDD predominantly backed by the Tron blockchain’s native token, TRX. The change has raised concerns as TRX is more volatile, with USDD’s market cap hovering just above $744 million.
Vitalik Buterin Talks About Ethereum’s Strong Fundamentals
Vitalik Buterin argues that Ethereum’s foundations have been significantly strengthened thanks to recent technological advances. Key improvements include lower transaction fees in Layer 2 solutions, increased scalability via EIP-4844, and advances in Zero-Knowledge technology. These advances make Ethereum more cost-effective, secure, and accessible, improving its long-term competitiveness.
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BITCOIN (BTC)
BTC is priced at $60,830 with a 0.77% increase in value as of the morning hours. An increase of up to $61,800 was achieved, but it could not be sustained here either. The $59,700 level is seen to be working as support for now. If the downward movement continues, $59,000 appears as a strong support position. The $62,500 region also appears as a strong resistance.
ETHEREUM (ETH)
ETH is priced at $2665 with a 1.62% increase in value as of the morning hours. There was an increase from $2150 to $2700. Permanence could not be achieved at this level. In pullbacks, $2400 seems strong after $2500. If a breakdown occurs below the $2400 level, pullbacks to $2200 may be seen. If $2780 is broken upwards, pricing up to $3000 may be seen.
RIPPLE (XRP)
XRP is priced at $0.60 with a 0.35% increase in value as of the morning hours. Persistence above $0.60 will be quite positive. XRP rose to $0.65 due to the news, but persistence was not achieved. In pullbacks, a pullback to $0.58 may occur. In prices above $0.60, increases to $0.70 may be seen.
AVALANCHE (AVAX)
AVAX is priced at $25.82 with a 2.42% increase in value as of the morning hours. Pricing above $25 is seen. $25 is a region that is likely to work as support. 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 after $23.
SOLANA (SOL)
SOL is priced at $145.59 with a 1.62% increase in value as of the morning hours. After the rise from $112 to $164, the pullback seems to have stopped. In case the pullback occurs again, $128 is a strong support. As for resistance, $158 seems strong for now.
OUNCE GOLD
As of the morning hours, ounce gold is priced at $2491 with a 0.27% increase in value. After the ATH was renewed, prices below $2500 were seen. $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 $29.26 with a 0.95% 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.
