CryptoMarket Archives - Coin Engineer

SUI Approaching Critical Levels in a Falling Channel!

Yigit Taha OZTURK — Mon, 03 Mar 2025 15:30:16 +0000

SUI continues to move within a falling channel on the 4-hour chart. The price was rejected from the upper boundary of the channel, leading to a pullback toward the 2.90$ – 2.77$ support zone. This area will be a crucial turning point for the price action.

If SUI finds strong support here, a potential breakout above the falling channel could push the price towards 3.57$. However, if 2.77$ support is lost, selling pressure may increase, bringing the price down to 2.38$, with the lower boundary of the falling channel acting as a major support.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

SUI/USDT 4-hour chart.

These levels will be crucial for SUI investors to determine potential buying opportunities or risk management strategies. Additionally, Bitcoin and Ethereum’s market trends will continue to play a key role in SUI’s price movements.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post SUI Approaching Critical Levels in a Falling Channel! appeared first on Coin Engineer.

SEC Acknowledges Grayscale’s Spot Cardano ETF Filing!

Yigit Taha OZTURK — Tue, 25 Feb 2025 13:31:30 +0000

The U.S. Securities and Exchange Commission (SEC) has accepted the application submitted by NYSE Arca, initiating the review process for Grayscale Cardano Trust to be listed as an exchange-traded fund (ETF).

First Step for Grayscale’s Cardano ETF!

On February 24, the SEC announced that it had accepted Grayscale Cardano Trust’s application for review. This marks the beginning of the process that will ultimately determine whether the ETF will be approved.

NYSE Arca submitted the application on behalf of Grayscale to the SEC on February 10. The proposed ETF will track the price of Cardano based on an index that surveys daily prices from exchanges such as Coinbase, Crypto.com, Bitfinex, and Kraken.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Investors in the ETF will not directly purchase Cardano (ADA) but instead hold shares of the trust. Coinbase Custody Trust Company will provide custody services, while BNY Mellon Asset Servicing will serve as the transfer agent and administrator.

Growing Number of Crypto ETF Approvals!

The SEC has recently been reviewing numerous crypto-related ETF applications. These include Cboe’s XRP ETF, Grayscale’s spot XRP and Dogecoin ETFs, and BlackRock’s iShares Bitcoin Trust (IBIT) options filings.

Additionally, on February 24, Nasdaq applied for approval to list an ETF holding Hedera Network’s (HBAR) native token. On February 19-20, the SEC acknowledged several other crypto ETF filings, including those related to staking, options, in-kind redemptions, and new altcoin funds.

Following the inauguration of a crypto-friendly U.S. President, interest in crypto ETFs has surged. Investors are closely watching how the SEC will approach these applications in the coming months.

The post SEC Acknowledges Grayscale’s Spot Cardano ETF Filing! appeared first on Coin Engineer.

The Latest on Bitcoin and Cryptocurrencies: 17 February

Yigit Taha OZTURK — Mon, 17 Feb 2025 08:30:14 +0000

Will the uptrend continue? What are the key support and resistance levels? We have prepared liquidation data, the biggest gainers and losers, upcoming events, and other details for you!

Bitcoin’s Key Intraday Levels

The BTC/USD pair has lost 1.49% in the last 24 hours and is currently trading at $95,930. Bitcoin (BTC) continued its decline after losing the $98,331 support, retesting it before moving downward. To resume an uptrend, BTC needs to reclaim $98,331 as resistance. The key support levels are $94,886 and $92,053.

BTC/USD 4-hour chart analysis.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has lost 0.36% in the last 24 hours and is currently trading at $2,682. Resistance levels for ETH are at $2,724, followed by $2,877. Support levels are at $2,532 and $2,366.

PancakeSwap (CAKE): The CAKE/USDT pair has gained 9.36% in the last 24 hours and is currently trading at $2.717. Resistance levels for CAKE are $2.859, followed by $3.129. Support levels are at $2.678, with a deeper decline potentially leading to $2.451.

The Graph (GRT): The GRT/USDT pair has gained 3.77% in the last 24 hours and is currently trading at $0.1429. Resistance levels for GRT are $0.1471, followed by $0.1501. Support levels are at $0.1367, with a deeper decline possibly reaching $0.1258.

Ronin (RON): The RON/USDT pair has gained 3.66% in the last 24 hours and is currently trading at $1.295. Resistance levels for RON are $1.316, followed by $1.394. Support levels are at $1.240, with a further decline potentially reaching $1.189.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Story (IP), Official Trump (TRUMP), and Ondo (ONDO).
The top gainers include Story (IP), BTSE Token (BTSE), and Siacoin (SC).
The top losers include Plume (PLUME), Ket (KET), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, a notable $29.38 million liquidation stands at $97,062 on the upper side. On the lower side, the key liquidation level is $95,374, with $24.08 million in liquidations.

The post The Latest on Bitcoin and Cryptocurrencies: 17 February appeared first on Coin Engineer.

Fake Account Created in the Name of Bermuda’s Premier!

Yigit Taha OZTURK — Sun, 16 Feb 2025 14:00:07 +0000

Fraud cases in the crypto world continue to rise. Most recently, a fake X account was created in the name of Bermuda’s Premier David Burt, promoting a token called Bermuda National Coin. Users must stay vigilant against such schemes.

The fake account carries a gray verification badge, which is reserved for government officials, and has only 45 posts. On the other hand, David Burt’s real account has a blue checkmark, 6,245 posts, and 12,200 followers.

Premier Burt Calls Out Elon Musk!

On February 14, David Burt discovered the fraudulent account, warned his followers, and reported the situation to Elon Musk and the X management. Burt expressed his frustration, stating, “People are getting scammed due to the lack of controls on this app. Please fix this.” However, despite the complaints, the fake account remains active.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Political Figures Are Becoming Targets of Memecoin Scams

This incident closely resembles a recent case involving Argentine President Javier Milei. Milei endorsed a token project called Viva La Libertad in an X post. However, the token soon lost 95% of its value, leading to a $107 million scam allegation. Following the controversy, Milei deleted his post and denied any involvement in the project.

As fraudulent token projects linked to political figures continue to emerge, crypto investors must exercise extreme caution to avoid falling victim to these scams.

The post Fake Account Created in the Name of Bermuda’s Premier! appeared first on Coin Engineer.

USDT Begins to Be Delisted in Europe!

Yigit Taha OZTURK — Thu, 30 Jan 2025 15:30:49 +0000

Tether has expressed disappointment over the delisting of its USDT stablecoin from Europe, citing “rushed” actions triggered by the implementation of the MiCA (Markets in Crypto-Assets) framework.

Crypto.com announced on January 29 that it would begin delisting USDT and nine other tokens in Europe starting January 31 to comply with MiCA regulations. Tether responded by criticizing the hasty nature of these actions, stating: “Such moves have been rushed with statements that do little to clarify the rationale behind these decisions.”

MiCA’s Potential Risks to the European Crypto Market

Tether has raised concerns that MiCA-driven changes pose significant risks to consumers and the local crypto market. With exchanges like Crypto.com preparing to delist numerous tokens, Tether warns that this could create a “disorderly” market in Europe, adversely affecting consumers.

Tether anticipates that these changes will place additional risks on European consumers, as MiCA regulations are still in the early stages of implementation. The impact extends beyond USDT, as several other tokens in the European market are also being affected.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Coinbase, which delisted USDT in December 2024, also announced it had removed a total of eight tokens to comply with MiCA. The exchange previously delisted Wrapped Bitcoin (WBTC) for other reasons, stating that it would reassess the re-enabling of services for stablecoins that achieve MiCA compliance at a later date.

Tether Finalizing Its European Strategy

Tether emphasized that MiCA makes the operation of stablecoins in Europe more complex and introduces new risks. Additionally, it pointed out that the use of USDT in Europe is significantly lower compared to emerging markets where the stablecoin is very popular.

Despite these challenges, Tether continues to invest in innovative technologies like Hadron and projects such as Quantor, designed to be MiCA-compliant, while finalizing its European strategy for USDT.

The European Securities and Markets Authority (ESMA) has urged crypto asset service providers (CASPs) to restrict non-MiCA-compliant stablecoins by the end of January 2025, allowing them to be listed in sell mode until March 31, 2025, before a full ban on non-compliant stablecoins takes effect.

The post USDT Begins to Be Delisted in Europe! appeared first on Coin Engineer.