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@oliviaria459

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“I would hazard a guess that Trump and Atkins are probably opposed to creating new regulations, but rather increasing the clarity as to where the crypto industry can operate.”
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Ho believes it’s unlikely that the United States will pursue a similar course to Europe in introducing an overarching regulatory regime like Markets in Crypto-Assets Regulation (MiCA). Instead, she expects the Atkins-led SEC to be more focused on providing direction and removing regulatory roadblocks.
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Speaking to Cointelegraph, Charlyn Ho, the founder of Rikka Group, said that Atkins will undoubtedly create “a lot of change” in the way the crypto industry is regulated, but it’s not going to happen all at once.
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The SEC is set to have a three-person Republican SEC majority under the new administration following Trump’s inauguration next year. Some have suggested that Trump may even break with protocol and nominate a fourth Republican commissioner to replace Lizarraga; however, that’s pure speculation at this stage.
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“The biggest long liquidation of this bull cycle so far,” CoinGlass confirmed to X followers.
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Data from monitoring resource CoinGlass calculates total cross-crypto liquidations at $1.6 billion for the 24 hours to the time of writing on Dec. 10.
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An accompanying chart compares cumulative volume delta (CVD) data for both Coinbase and the largest global exchange, Binance.
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“We observed something crazy — Coinbase traders began selling aggressively almost an hour before the mega dump,” it said.
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Analyzing exchange movements, Ltrd revealed that the largest United States trading platform, Coinbase, was pivotal in sparking downward momentum.
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“Today’s dump resulted in the biggest liquidation since 2021,” Ltrd summarized.
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While this came true, the liquidations accompanying the price drop looked a little like last week’s cascade.
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This constituted around 50% of a large downside wick from Dec. 5 — one that had created a market “inefficiency” that had a 96% chance of being filled, analysis said.
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New research from X account Ltrd reveals “crazy” trader behavior while the total crypto market cap shed up to 11% on Dec. 9.
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Bitcoin liquidations have hit three-year records as a fresh BTC price dump takes the market to a popular target.
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