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danathan048345

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Kekius Maximus is a mashup of the internet meme Pepe the Frog and Maximus Decimus Meridius, the main protagonist of the 2000 film Gladiator, played by Russell Crowe.
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Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme — has seen one lucky memecoin trader turn $66 of Ether into as much as $3 million in just 18 days.
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The approval makes Binance the first crypto exchange to have a broker-dealer license in Brazil.
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The approval allows Binance to acquire São Paulo-based investment platform Sim;paul, a licensed broker-dealer authorized to distribute securities and issue electronic money (EMI), according to an announcement shared with Cointelegraph.
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Based on current futures market data, the aggregated premium of futures positions has turned bearish for the first time since Nov. 6. This highlights that over the past few days, more short positions have become active with respect to long positions, dragging prices back below the $4,000 mark.
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Data from CoinGlass indicated that Ethereum’s future open interest reached a new all-time high of $28.70 billion on Dec. 17. While most futures traders have targeted long positions throughout November, the current sentiment might be turning momentarily bearish.
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As illustrated in the chart, the $4,0000 weekly resistance has been tested five times since 2021 and thrice in 2024, but a bullish breakout above the level has eluded Ethereum.
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This is ETH’s third rejection at $4,000 in 2024, a level proving to be a strong weekly resistance during the past two attempts earlier this year.
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On the other hand, a resurgence in buying pressure could push the crypto market cap toward its all-time high of $3.73 trillion, reached on Dec. 16.
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If the selling intensifies, the crypto market will likely drop toward the $3.50 trillion support embraced by the ascending trendline. Note that this line has acted as a dynamic support for TOTAL since Nov. 11.
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The consistent rise in TOTAL also led to overbought conditions for most of the period between Nov. 11 and Dec. 8, when the RSI moved above 70, occasioning a correction as buyer exhaustion and profit-booking set in.
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A divergence between rising prices and a falling RSI indicates weakness in the prevailing uptrend, which could hint at a reversal ahead.
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Notably, TOTAL rose between Nov. 11 and Dec. 17, forming a series of higher highs. But, in the same period, its daily RSI descended, forming lower highs.
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Today’s drop in the crypto market is preceded by a growing bearish divergence between its price and the relative strength index (RSI).
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Speaking on the Unchained podcast this week, Digital Chamber President Cody Carbone said one of the most promising things about Atkins is his pre-existing familiarity with the current SEC staff, including current Republican SEC Commissioners Hester “Crypto Mom” Peirce and Mark Uyeda.
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“Under his leadership, the SEC may move away from aggressive tactics that prioritize headline-grabbing penalties over substantive outcomes,” wrote Anderson lawyers.
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According to US legal firm Anderson PC, Atkins was known for emphasizing “proportionality” in enforcement actions, advising against massive fines for corporations based on individual wrongdoing and focusing on complex and nuanced cases instead of prioritizing a high number of enforcement actions.
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The crypto market drawdown has wiped out more than $1.7 billion in leveraged positions within the past 24 hours, with over $1.3 billion being wiped out over the last 12 hours alone.
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The drop in OI for memecoins indicates bearish momentum in the market as leverage traders close more contracts in anticipation of further decreases in price.
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