US SEC expected to deny spot Ether ETFs in May
Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, with Ether ETFs trading in Hong Kong from April 30.
The United States Securities and Exchange Commission (SEC) will most likely deny spot ETH exchange-traded funds (ETF) in May, according to a new report.
Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings.
The four persons, who asked to be anonymous due to the private nature of the discussions, said recent meetings between issuers and the SEC have been one-sided, and agency staff have not discussed substantive details about the proposed products.[Cointelegraph]
@marginwhales
Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, with Ether ETFs trading in Hong Kong from April 30.
The United States Securities and Exchange Commission (SEC) will most likely deny spot ETH exchange-traded funds (ETF) in May, according to a new report.
Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings.
The four persons, who asked to be anonymous due to the private nature of the discussions, said recent meetings between issuers and the SEC have been one-sided, and agency staff have not discussed substantive details about the proposed products.[Cointelegraph]
@marginwhales
DAILY UPDATE
April 25, 2024
Total Market Cap : $2.4T🔵
Trading Volume (24H) : $82.0B🔴
BTC Dominance : 53.4%🔵
ETH Dominance : 16.2%🔵
MARKET BIAS
Short-Term (1-2 Days) : Neutral⚪️
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 65000
as predicted yesterday, Today market was mostly red at the beginning and BTC touched 62K channel, market has been making some recovery over the past few hours but the dump will probably continue tomorrow, the most important thing is that BTC shouldn't cross below 62K channel otherwise it will probably see lower levels!
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 25, 2024
Total Market Cap : $2.4T🔵
Trading Volume (24H) : $82.0B🔴
BTC Dominance : 53.4%🔵
ETH Dominance : 16.2%🔵
MARKET BIAS
Short-Term (1-2 Days) : Neutral⚪️
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 65000
as predicted yesterday, Today market was mostly red at the beginning and BTC touched 62K channel, market has been making some recovery over the past few hours but the dump will probably continue tomorrow, the most important thing is that BTC shouldn't cross below 62K channel otherwise it will probably see lower levels!
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
‘Giant buy’ signal? Crypto whales transfer $1.3B to Coinbase
A total of $1.3 billion of USD Coin (USDC)
in transfers from apparent whale addresses to crypto exchange Coinbase on Thursday could potentially be a “giant buy signal” for Bitcoin and ETH, according to market observers.
“USDC moving onto exchanges is a giant buy signal, as the saying goes on the internet ‘money printer go brr,’” crypto trader Blockchain Mane told Cointelegraph.
The five transfers totaling $1.3 billion — with the amounts ranging from $150 million to $350 million — were made to Coinbase on April 25 at 08:15 UTC, according to Etherscan data.[Cointelegraph]
@marginwhales
A total of $1.3 billion of USD Coin (USDC)
in transfers from apparent whale addresses to crypto exchange Coinbase on Thursday could potentially be a “giant buy signal” for Bitcoin and ETH, according to market observers.
“USDC moving onto exchanges is a giant buy signal, as the saying goes on the internet ‘money printer go brr,’” crypto trader Blockchain Mane told Cointelegraph.
The five transfers totaling $1.3 billion — with the amounts ranging from $150 million to $350 million — were made to Coinbase on April 25 at 08:15 UTC, according to Etherscan data.[Cointelegraph]
@marginwhales
#DOGE Analysis (1D)
Daily timeframe analysis on Dogecoin suggests that a possible triangle is being formed. in that case, after breaking out of the pattern from above, Doge can head for the following targets:
0.20 - 0.26 - 0.34
In order to keep the uptrend going, Doge must not cross below the 0.114 - 0.131 area.
The weekly targets are of course much higher and most probably way above 2021 ATH, and also it must be stated that BTC moves are also important, if BTC drops below 59K, many coins won't retain their uptrends!
@marginwhales
Daily timeframe analysis on Dogecoin suggests that a possible triangle is being formed. in that case, after breaking out of the pattern from above, Doge can head for the following targets:
0.20 - 0.26 - 0.34
In order to keep the uptrend going, Doge must not cross below the 0.114 - 0.131 area.
The weekly targets are of course much higher and most probably way above 2021 ATH, and also it must be stated that BTC moves are also important, if BTC drops below 59K, many coins won't retain their uptrends!
@marginwhales
DAILY UPDATE
April 26, 2024
Total Market Cap : $2.36T🔴
Trading Volume (24H) : $63.3B🔴
BTC Dominance : 53.4%⚪️
ETH Dominance : 16.3%🔵
MARKET BIAS
Short-Term (1-2 Days) : Neutral⚪️
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 64000
Today, BTC made some recovery from the 62k channel, at the time of writing it's got closer to yesterdays 1H low. as said before we want this area to hold and if BTC spends a couple of days ranging above this zone, chances are it can hold!
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 26, 2024
Total Market Cap : $2.36T🔴
Trading Volume (24H) : $63.3B🔴
BTC Dominance : 53.4%⚪️
ETH Dominance : 16.3%🔵
MARKET BIAS
Short-Term (1-2 Days) : Neutral⚪️
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 64000
Today, BTC made some recovery from the 62k channel, at the time of writing it's got closer to yesterdays 1H low. as said before we want this area to hold and if BTC spends a couple of days ranging above this zone, chances are it can hold!
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
Binance wants the court to know US government’s position on USDC
The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.
Cryptocurrency exchange Binance and former CEO Changpeng “CZ” Zhao have filed notice with the court in its case with the United States Securities and Exchange Commission to establish the government’s position on stablecoins as a security.
In an April 25 filing in U.S. District Court for the District of Columbia, lawyers for Binance and CZ filed a Notice of Supplemental Authority, bringing the court’s attention to the U.S. government’s arguments in its criminal case against Mango Markets exploiter Avraham Eisenberg. In that case, prosecutors argued there was “no factual basis” for treating USD Coin (USDC) as a security or putting the question to a jury.[Cointelegraph]
@marginwhales
The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.
Cryptocurrency exchange Binance and former CEO Changpeng “CZ” Zhao have filed notice with the court in its case with the United States Securities and Exchange Commission to establish the government’s position on stablecoins as a security.
In an April 25 filing in U.S. District Court for the District of Columbia, lawyers for Binance and CZ filed a Notice of Supplemental Authority, bringing the court’s attention to the U.S. government’s arguments in its criminal case against Mango Markets exploiter Avraham Eisenberg. In that case, prosecutors argued there was “no factual basis” for treating USD Coin (USDC) as a security or putting the question to a jury.[Cointelegraph]
@marginwhales
Apple reportedly courting OpenAI to develop AI features for iPhone
Apple is reportedly on the hunt for a Big Tech partner to help shore up its flagging artificial intelligence (AI) offerings, with a specific focus on bringing the iPhone’s capabilities up to speed.
Per a report from Bloomberg citing multiple sources, Apple and OpenAI are deep into discussions concerning the further integration of generative AI technologies on iOS.
However, previous reports also indicate that Apple is still shopping around with Google on the hook as another potential cloud partner.[Cointelegraph]
@marginwhales
Apple is reportedly on the hunt for a Big Tech partner to help shore up its flagging artificial intelligence (AI) offerings, with a specific focus on bringing the iPhone’s capabilities up to speed.
Per a report from Bloomberg citing multiple sources, Apple and OpenAI are deep into discussions concerning the further integration of generative AI technologies on iOS.
However, previous reports also indicate that Apple is still shopping around with Google on the hook as another potential cloud partner.[Cointelegraph]
@marginwhales
#SHIB analysis (1D)
Daily timeframe analysis on SHIB suggests that price is currently resting/accumulation phase after recent sharp rally. During this corrective phase, keeping above 0.0001870 area is important as crossing below this level will probably cause further drop in SHIB. After enough price/time correction, it can rise towards ATH and higher.
@marginwhales
Daily timeframe analysis on SHIB suggests that price is currently resting/accumulation phase after recent sharp rally. During this corrective phase, keeping above 0.0001870 area is important as crossing below this level will probably cause further drop in SHIB. After enough price/time correction, it can rise towards ATH and higher.
@marginwhales
DAILY UPDATE
April 28, 2024
Total Market Cap : $2.38T🔵
Trading Volume (24H) : $47.8B🔴
BTC Dominance : 52.8%🔴
ETH Dominance : 17.0%🔵
MARKET BIAS
Short-Term (1-2 Days) : Neutral⚪️
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 63670
BTC has been trading above 62k level so far, an important level that must not be broken as stated before.There's a possibility of another touch of yesterday's low before crossing above the dashed line as shown in the picture, in that case BTC can cross above the 66k -67k resistance zone and head for the ATH
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 28, 2024
Total Market Cap : $2.38T🔵
Trading Volume (24H) : $47.8B🔴
BTC Dominance : 52.8%🔴
ETH Dominance : 17.0%🔵
MARKET BIAS
Short-Term (1-2 Days) : Neutral⚪️
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 63670
BTC has been trading above 62k level so far, an important level that must not be broken as stated before.There's a possibility of another touch of yesterday's low before crossing above the dashed line as shown in the picture, in that case BTC can cross above the 66k -67k resistance zone and head for the ATH
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
Australia’s top exchange may approve spot Bitcoin ETFs this year
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew.
Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — could greenlight several spot Bitcoin
exchange-traded funds (ETFs) by the end of 2024.
Following in the footsteps of fund issuers in the United States and Hong Kong, spot Bitcoin ETF applications from VanEck Australia and local ETF-focused fund manager BetaShares are set to be approved before the year is through, anonymous sources familiar with the matter told Bloomberg.[Cointelegraph]
@marginwhales
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew.
Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — could greenlight several spot Bitcoin
exchange-traded funds (ETFs) by the end of 2024.
Following in the footsteps of fund issuers in the United States and Hong Kong, spot Bitcoin ETF applications from VanEck Australia and local ETF-focused fund manager BetaShares are set to be approved before the year is through, anonymous sources familiar with the matter told Bloomberg.[Cointelegraph]
@marginwhales
Margin Whales®
DAILY UPDATE April 28, 2024 Total Market Cap : $2.38T🔵 Trading Volume (24H) : $47.8B🔴 BTC Dominance : 52.8%🔴 ETH Dominance : 17.0%🔵 MARKET BIAS Short-Term (1-2 Days) : Neutral⚪️ Mid-Term (1-4 Weeks) : Neutral⚪️ Long-Term (12 Months) : Bullish🔵 $BTC: 63670…
DAILY UPDATE
April 29, 2024
Total Market Cap : $2.36T🔴
Trading Volume (24H) : $69.3B🔵
BTC Dominance : 53.4%🔵
ETH Dominance : 16.7%🔴
MARKET BIAS
Short-Term (1-2 Days) : Bullish🔵
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 64000
BTC has perfectly followed yesterday's prediction and touched 61800 area before crossing above the dashed trendline, i am optimistic that this up move can take BTC above 67500 resistance zone and make things safer for the market, if that happens BTC can reach the recent ATH (March 2024) easily
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 29, 2024
Total Market Cap : $2.36T🔴
Trading Volume (24H) : $69.3B🔵
BTC Dominance : 53.4%🔵
ETH Dominance : 16.7%🔴
MARKET BIAS
Short-Term (1-2 Days) : Bullish🔵
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 64000
BTC has perfectly followed yesterday's prediction and touched 61800 area before crossing above the dashed trendline, i am optimistic that this up move can take BTC above 67500 resistance zone and make things safer for the market, if that happens BTC can reach the recent ATH (March 2024) easily
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales