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oliviaria459

@oliviaria459

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oliviaria459
@oliviaria459
“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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oliviaria459
@oliviaria459
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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oliviaria459
@oliviaria459
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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oliviaria459
@oliviaria459
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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oliviaria459
@oliviaria459
“The biggest long liquidation of this bull cycle so far,” CoinGlass confirmed to X followers.
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oliviaria459
@oliviaria459
“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.”
0 reply
1 recast
2 reactions
oliviaria459 pfp
oliviaria459
@oliviaria459
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.
0 reply
1 recast
2 reactions
oliviaria459 pfp
oliviaria459
@oliviaria459
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.
0 reply
1 recast
2 reactions
oliviaria459 pfp
oliviaria459
@oliviaria459
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.
0 reply
1 recast
2 reactions
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bellabyni7099
@bellabyni7099
A daily candlestick close below this level would confirm the continuation of the downtrend. The next logical move would be to the psychological level at $180, marking a 16% decline from the current price.
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bellabyni7099
@bellabyni7099
The bears now focus on immediate support at $210, and later, the former resistance, which was flipped to support at $200.
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@bellabyni7099
This appears to what has happened as the rise in SOL price to all-time highs led to overbought conditions on Nov. 22 when the daily RSI hit 77, as profit-booking set in.
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@bellabyni7099
As a rule of technical analysis, a divergence between rising prices and a falling RSI indicates weakness in the prevailing uptrend, which can motivate traders to sell more at local highs.
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@bellabyni7099
SOL’s price recorded a series of higher highs between April and November. But, in the same period, its daily RSI descended, forming lower highs.
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bellabyni7099
@bellabyni7099
SOL’s drop today precedes a period of growing bearish divergence between its price and the relative strength index (RSI) in the daily timeframe.
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@bellabyni7099
This indicates suppressed network activity, and less overall user interaction with the platform resulting in lower revenues from fees.
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bellabyni7099
@bellabyni7099
Additional data from Dune reveals a sharp reduction in Solana’s daily revenue, which currently stands at 12,361 SOL (~$2.7 million) on Dec. 9, down from a year-to-date high of 55,832 SOL (~12 million) on Nov. 23.
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bellabyni7099
@bellabyni7099
The amount of daily transactions on the Solana blockchain has nearly halved since Nov. 20.
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bellabyni7099
@bellabyni7099
This accompanies a decline in onchain activity within the Solana ecosystem, according to the data provided by Dune dashboard pump.fun. Today’s SOL price drop was preceded by a sharp drop in the number of network transactions.
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oliviaria459
@oliviaria459
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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