Gary Gensler Quietly Sets Aggressive Crypto Crackdown in Motion Before Leaving, Warns Former SEC Official
SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes.
Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair
John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted significant developments within the agency that he believes could impact the cryptocurrency sector.
“SEC Chair Gensler pulls off the first reverse Saturday Night Massacre,” Stark wrote in a post on social media platform X on Wednesday, referencing Chair Gary Gensler’s recent moves.
Stark addressed the SEC’s leadership transition and the calculated steps Chair Gary Gensler is taking to solidify the agency’s enforcement priorities before leaving office.
“It looks like former SEC Commissioner Paul Atkins will be the next SEC Chair. A phenomenal choice,” he wrote. Known for his pro-business approach, Atkins is expected to bring a different focus to the SEC.
However, Stark pointed out that Gensler has been laying the groundwork to ensure the agency’s crypto enforcement efforts remain robust. “Meanwhile, current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave,” he noted, adding:
Along these lines, Gensler just promoted three of the best, brightest, experienced and most dedicated crypto-enforcement lawyers in SEC ranks to senior executive positions—running the SEC’s Trial Unit and running the SEC’s Crypto Unit.
Although the promotions have not been formally disclosed, Stark claimed they are already finalized. He noted the secrecy surrounding the moves, stating:
“Interestingly, the SEC has not publicly announced these promotions and seems to be keeping them quiet (which is unprecedented).
#AtkinsForSEC #GaryGensler #SEC #cryptomarket #CryptoNews
The bull market is a hunting game. The dealer is the hunter and the retail investors are the prey. First, #Bitcoin is pulled to activate the market, and then a batch of 100X and 1000X are pulled onto the chain to attract retail investors to enter the market. When everyone's U is replaced with a copycat and passively locked on the chain, the dealer's goods on the chain are almost sold out.
At this time, the dealer will pull up the secondary market, 2 times today, 3 times tomorrow, how can retail investors bear it? There is no choice but to cut off the chain and chase the secondary market. At this time, the dealer will give you the secondary market goods and take back the chips on the chain to cut losses.
After the handover, the dealer goes back to the zipper, and the retail investors see that they are so shocked that they just sold out. They lose control of their emotions and cut off the second level again, and go back to the P chain.
After a few rounds, retail investors are full of coins and dealers are full of U
The bull market is over.
Are you ready for training?
@Amansaiofficial
$WLD /USDT ALERT: Enter NOW for a Profitable Move! 🔥💯
$WLD is trading at $4.028, showing strong bullish momentum with a recent high of $4.19. The current pattern suggests bullish continuation, with increasing volume supporting upward moves.
💡 Key Trade Levels:
• Long Entry: Above $4.05, targeting $4.20, $4.30, and $4.40. Stop loss at $3.95.
• Short Entry: Below $3.95, targeting $3.80, $3.70, and $3.60. Stop loss at $4.05.
The market leans bullish, but failure to hold above $4.00 could trigger a bearish retracement. Manage risk wisely!
{spot}(WLDUSDT)
#Share1BNBDaily #CryptoZombieUprising #CryptoHistoricMoment #BTCDipsTo90.5K #CryptoMarketHype
Terra Luna Classic Votes On Major Upgrade Amid XRP-Like Breakout, LUNC to $1?
Terra Luna Classic community votes on a major proposal to upgrade the chain for simplified tax handling and security.
This update will also help developers and dapps from the broader Cosmos ecosystem to build on the Terra Classic network.
Meanwhile, LUNC price chart sees a triangle pattern breakout similar to XRP, sparking speculation of a rally to $1.
Terra Luna Classic v3.3.0 Upgrade ProposalSoftware upgrade proposal 12148 titled “Upgrade to v3.3.0” is under voting on the Station wallet. The Terra Luna Classic upgrade proposal is added by popular developer StrathCole, as per GitHub data.
If the proposal is passed, the chain will be halted block height 21163600, approximately on December 17 at 12:57:47 UTC.
The chain upgrade proposal seeks LUNC validator and community approval to update the terrad client to v3.3.0.
The upgrade introduces a new simplified tax handling. This helps boost utility on the Terra Luna Classic, removing barriers for developers and dapps wanting to build on the chain.
The voting details indicate validators and delegators are in favor of the long-awaited upgrade. All 39 validators who participated in voting, including JESUSisLORD, Burrito Node, Vegas Node, and TerraCVita, have voted “Yes,” indicating major support for the proposal.
XRP-Like Patterns on LUNC Price Chart
XRP price saw a massive rally to break above $1 mark after a symmetrical triangle breakout amid Trump trade. XRP ETF filings, SEC Chair Gary Gensler’s resignation, and RLUSD stablecoin launch hype have further fueled the price of the crypto.
Terra Luna Classic chart also makes a similar triangle pattern and successfully breaks above the triangle in the weekly timeframe. However, traders book profit as the price reached between 0.50 and 0.61 Fibonacci retracement levels.
LUNC price is currently trading at $0.0001613, down 6% in the last 24 hours after over 40% rally this week.
#TerraClassic #LUNA #LUNC #Altcoin #CryptoNews
#BURNGMT launched price was .10$ and surged to 4$ in one Month. Then start falling to .10 $ again which is its Floor price. Now trading at .24 $.
Its have main Resistance at .25 $, .28 $ , .33$, .38, 48, .69, .95-1$. Tried two attempts at .68$ area but never successful to cross at. Will it again can rise above 1$ again in future is BIG question? At First $GMT launched it was performing well & people thought at could rise to 5-10$. But lack of interest by investors & owners raised BIG questions. Now they are trying to BURN 600M token would tis be a game changer for at or just to create HYPE no body knows. The mystery begins !
#Write2Earn! #Share1BNBDaily #KINGSMEN $BTC $BNB
LUNC Price Rises as Terra Luna Burns 1.34 Billion Tokens
The price of Terra Luna Classic ($LUNC) a remnant of the now-defunct Terra network surged to $0.000129 this week, reaching its highest level since March. With the ongoing crypto bull market gaining traction many analysts believe $LUNC still has significant growth potential.
In a recent update, Miles Deutscher, a prominent crypto analyst on X, revealed a bullish outlook on $LUNA and $LUNC. He highlighted several factors contributing to his position including $LUNC’s continued listing on Binance strong technical charts, and its meme driven appeal.
Token Burns Driving Scarcity
A major factor fueling optimism for $LUNC is the ongoing token burn. The Terra Luna Classic network burned 1.34 billion tokens in the last seven days, reducing the circulating supply and potentially increasing the value of the remaining tokens. To date, the network has burned over 390 billion tokens, with the circulating supply now standing at 6.51 trillion.
One of the most notable burns occurred earlier this month, when Terraform Labs burned 251 billion tokens as part of bankruptcy proceedings. This large-scale reduction in supply is seen as a positive catalyst for $LUNC’s price performance.
Growing Staking Activity
Investor confidence in Terra Luna Classic appears to be growing, as evidenced by the increasing staking ratio. The staking ratio has risen to nearly 16%, a significant recovery from its 2022 lows. This indicates that many investors are choosing to hold $LUNC for the long term, further reducing its liquid supply.
Outlook for $LUNC
With continued token burns, increasing staking activity, and bullish sentiment in the crypto market, LUNC has the potential for further upside. Analysts suggest that if the broader market rally continues, LUNC could capitalize on these positive developments to achieve even higher valuations.
While challenges remain for the Terra ecosystem, its ongoing efforts to reduce supply and strengthen investor confidence provide a strong foundation for growth.
#BinanceBNSOLPYTH
{spot}(LUNCUSDT)
$BTC Analysis Bitcoin Next Pull Back Towards $105K
Bitcoin (BTC) has achieved a monumental milestone, surpassing the $100,000 mark for the first time and currently trading near the $105,000 level. The daily chart indicates that the market structure remains highly bullish, suggesting the potential for BTC to extend its rally toward the $120,000 zone in the short term.
However, technical indicators reveal some cautionary signals. The Relative Strength Index (RSI) has entered overbought territory, reflecting heightened momentum but also hinting at a possible slowdown. Additionally, the 200-day moving average lags significantly behind the current price, trending near $70,000. This disparity increases the likelihood of a correction in the coming days, which could present a prime buying opportunity for investors looking to enter the market at a more favorable level.
While the uptrend dominates, traders should keep an eye on these key levels and market signals to navigate Bitcoin’s next move. Whether BTC continues its climb or pauses for consolidation, the long-term outlook remains optimistic as adoption and institutional interest grow.
#BTC100K! #BTCDipsTo90.5K #CryptoManMab
Why Is It Bullish? Dogecoin (DOGE) Delivers Crucial Signal, Shiba Inu (SHIB) Boom Turns to Bust
Concern among investors has been raised by XRP‘s notable 25% decline in value. This correction may not be as concerning as it first appears, though.
The cryptocurrency was in overbought territory after its recent explosive rally, and this pullback might just be a healthy retracement that paves the way for further growth.
XRP’s explosive surge to above $3 was driven by robust momentum and rekindled market interest. But like any rally, there would inevitably be a retracement. With this decline, XRP is now nearer more reliable support levels like $2.30 and $1.95, which may serve as the basis for a subsequent move.
XRP has shown resilience by staying well above its prior long-term resistance levels in spite of a steep drop.
The asset is still above its major moving averages such as the 50-day EMA, which has a track record of serving as a dependable support area during declines. This correction may be a much-needed reprieve that will help XRP gain momentum.
A fresh round of buying could drive the asset back toward $3 and possibly higher if it can hold steady around the $2.30 level and sustain trading volume.
However, significant bullish momentum and wider market support are needed to break above $3 once more. The next crucial zone on the downside is located at $1.95 if XRP is unable to maintain its support levels.
If it falls below this, it might be an indication of a more significant correction, which could temporarily erode investor confidence.
It is crucial to consider the recent performance of XRP when evaluating the 25% decline, even though it may seem concerning. Investors may use the pullback as a chance to review their holdings and wait for the market to level off.
The speed at which XRP recovers and its ability to maintain its momentum in the upcoming weeks will determine much of its future. Currently, the drop is more of a reset than a crisis.
Dogecoin retraces
#shibainucoin #shiba⚡ #SHIB #Altcoin #CryptoNews
$DYDX /USDT Rockets to $2.13 – Bulls Drive 19% Surge
{spot}(DYDXUSDT)
$DYDX /USDT has surged to $2.1326, posting an impressive 19.72% gain in the past 24 hours. The price reached a high of $2.1789, fueled by strong bullish momentum and significant volume inflows. With the RSI at 80.15, the market indicates overbought conditions, but the ongoing bullish sentiment hints at a potential continuation of the rally.
Immediate resistance stands at $2.18, and a breakout could propel DYDX toward $2.25 and beyond. Key support is at $2.04, offering stability for pullbacks, while a stop-loss at $2.00 ensures controlled risk. MACD shows a clear bullish trajectory, supporting the likelihood of further gains in the short term.
#DYDX #Share1BNBDaily #BTCDipsTo90.5K
$SOL Gains Momentum Amid Solana ETF Speculation Next Target 🎯 $1000
The crypto market is abuzz with rumors surrounding the potential approval of a Solana ETF, and the sentiment has fueled optimism around SOL as a top long-term investment. Although SOL's price has pulled back from its November 2024 high of $263 to $224, technical indicators suggest a favorable setup for a rebound.
The 50-day moving average remains above the 200-day moving average, maintaining an overall bullish trend. The Relative Strength Index (RSI) has stabilized at 52, indicating balanced momentum and allowing room for further gains without entering overbought territory. Additionally, the MACD indicator hints at a potential bullish crossover, strengthening the case for an upward move.
While trading volumes have dipped compared to last month, institutional interest remains robust, driven by ETF speculation. Key support lies around $215, while resistance is positioned near $240. A break above this level could pave the way for a retest of $263, with potential targets of $300 or higher.
The anticipation of Solana's ETF approval in early 2025 is a significant catalyst that could drive SOL toward the $1,000 mark, especially as the network continues to integrate real-world applications. However, broader market conditions and ongoing upgrades to Solana's ecosystem will play a crucial role in sustaining this momentum. Notably, 86% of the Solana community has expressed confidence in the platform’s future, reflecting a strong bullish sentiment.
#CryptoHistoricMoment #CryptoMarketHype #CryptoManMab
$FTT /USDT Rebounds to $3.55 – Bulls Aim for Stability After a Surge
{spot}(FTTUSDT)
$FTT /USDT is trading at $3.5535, marking a significant 32.93% gain over the last 24 hours. The price has bounced back from a low of $3.3250 and is consolidating near key resistance levels. With the RSI at 60.62 on the 15-minute chart, bullish momentum is regaining traction, signaling a potential upward continuation.
Immediate resistance stands at $3.85, with a breakout potentially driving the price to $4.00. On the downside, support at $3.50 offers a safety cushion for corrections, while a stop-loss at $3.30 ensures controlled risk. With MACD indicating a positive crossover, FTT appears well-positioned for its next move in the short term.
#FTT #CryptoZombieUprising #BTC100K!
$SUI Blockchain Gains Spotlight with Scalability and High Performance
The Sui blockchain has been making waves in the crypto world due to its advanced scalability, high throughput, and innovative approach to smart contracts. Designed as a layer-1 blockchain, Sui aims to facilitate global adoption by offering developers a secure and powerful platform for decentralized applications (dApps).
With its current value at $3.58, analysts predict that SUI could climb to $6 during the ongoing bullish market cycle. One of the standout features of the Sui blockchain is its ability to process up to 297,000 transactions per second, placing it among the most competitive platforms in terms of performance and scalability.
However, some investors express concerns about its current valuation. The higher price point might limit future upside potential, which could deter new buyers seeking larger gains. Despite this, Sui's technological advancements and market positioning keep it on the radar for investors and developers alike.
#SUI #CryptoManMab
A Historic Moment for Crypto
The crypto world has reached a defining milestone—Bitcoin has crossed the $100,000 mark for the first time in history. This achievement is not just about price; it’s a testament to the growing adoption, resilience, and belief in digital assets as the future of finance.
What Does $100K Represent?
Mainstream Acceptance: Bitcoin's surge reflects increased trust from institutions, governments, and retail investors alike.
Store of Value: Amid global economic uncertainties, Bitcoin continues to prove itself as "digital gold."
Technological Evolution: The rise of Layer 2 solutions, integrations with DeFi, and expanding use cases have solidified BTC's utility.
What’s Next for Bitcoin?
1. Further Upside: With increasing global adoption and more favorable regulations, many analysts predict BTC could reach $120K–$150K in the coming months.
2. Market Impact: Bitcoin’s rally often sets the stage for altcoin season, as liquidity flows into other promising projects.
3. Potential Risks: A sharp correction may occur as some investors take profits, but such pullbacks are natural in a bull market.
The Bigger Picture
This isn’t just about Bitcoin. The $100K milestone sends a strong signal about the maturity of the entire cryptocurrency ecosystem. From NFTs to decentralized finance, blockchain technology is driving a financial revolution.
Share Your Views
What’s your outlook for BTC and the broader market? Will this rally sustain, or are we due for a consolidation phase? Let’s discuss and shape the future of crypto together!
#CryptoHistoricMoment #BTC100K! #CryptoAdoption
$PEPE A Standout Meme Coin with a Resilient Rally
PEPE has solidified its position as a trend-breaking meme coin. Unlike many others in the space, which typically experience short-lived surges followed by steep declines, PEPE has consistently shown multiple spikes and achieved several all-time highs since its launch last year.
After reaching its latest ATH in early November, PEPE's price appears poised for another upward rally. Key technical indicators such as the Relative Strength Index (RSI) remain neutral for both long and short-term outlooks, while the Exponential Moving Average (EMA) continues to signal a buy for the same periods.
Despite some turbulence, PEPE demonstrates resilience. Yesterday, the coin faced a temporary setback when whale activity led to the withdrawal of $341.5 million from multiple exchanges. This caused a 30% drop in market volume and briefly dragged down prices. However, PEPE has already rebounded, showing a 3% growth rate within the past 24 hours and an 11% increase over the last seven days, showcasing its ability to recover and thrive even amidst volatility.
#Share1BNBDaily #CryptoManMab
Pudgy Penguins are waddling into the crypto world with their new token, $PENGU, set to launch on Solana! 🐧✨ With 23.5% of the 88 billion tokens reserved for NFT holders and a chunk for Solana and Ethereum communities, this is a chance for fans to join "The Huddle." Pudgy Penguins, known for staying relevant post-NFT crash, are embracing the memecoin trend, offering liquidity and community vibes. With over 3 million followers and $10 million in toy sales, they're more than just digital art. What do you think of this pivot? Share your thoughts below! 👇