💼 The Future of the SEC: Are We Facing a Key Turn in Crypto Regulation? 🧵 1/ At a decisive moment for cryptocurrencies, the possible re-election of Caroline Crenshaw as SEC commissioner has generated tensions in the blockchain industry and U.S. politics. 🤔 2/ The crypto community criticizes her restrictive stance, which includes the refusal to approve spot Bitcoin ETFs. Leaders like the CEO of Coinbase have urged the Senate to reject her nomination. 🚫 3/ However, possible changes are on the horizon: new leadership with Paul Atkins, more open to innovation, could mark the beginning of a pro-crypto era at the SEC. 🌟 4/ What do these moves imply for the approval of ETFs, cases like Ripple, and the relationship between innovation and consumer protection? #BecomeCreator
Recovery of FTX funds 🧵 1/ 💰 FTX debtors recovered approximately $14.5M in November through agreements with political donations, according to a court report from December 10. 🔍 The funds included: $6M from House Majority PAC $3M from Senate Majority PAC More than $1M from Forward Action Fund, Mind the Gap, and People for the American Way.
2/ 🏛️ These efforts are part of a 2-year bankruptcy process, seeking to return funds linked to donations under the leadership of Sam Bankman-Fried (SBF). FTX donated to nearly 1/3 of Congress, with SBF contributing at least $40M to political campaigns.
3/ 🗳️ Although most donations were to Democrats, SBF claimed to have also supported Republicans, although there are no clear records. 🔄 After the collapse of FTX, several politicians redirected these donations to charitable causes.
4/ ⚖️ The FTX bankruptcy also includes lawsuits against Binance, Crypto.com, and other platforms, seeking to recover billions in funds. 🎯 Goal: Prepare refunds for creditors in 2025. 💡 Can FTX recover more assets? Follow the case! 👀
The ecosystem of #Ethereum✅ has grown enormously in recent years thanks to its rollup-centered strategy, which allows scaling the network through Layer 2 (L2) solutions. However, this approach has also generated fragmentation in the ecosystem, creating challenges such as competition for liquidity, complexity for developers, and the risks associated with bridges between rollups. In response, Puffer Finance presents #UniFi , a base rollup that seeks to unify Ethereum and unlock its full potential.
What is UniFi? UniFi is a base rollup designed to address the fragmentation issues in Ethereum. This protocol relies on native Ethereum validators to order transactions directly on Layer 1 (L1), eliminating the need for centralized sequencers. Its architecture enables: - Quick confirmations (100ms): Thanks to the pre-confirmations from Puffer validators. - Gasless transactions: Through the use of a universal gas token, unifiETH. - Synchronous composability: Direct interaction between base rollups, removing the reliance on bridges.
What is unifiETH? unifiETH is the universal gas token in the UniFi ecosystem. It offers significant benefits to users by generating native yields from staking pufETH. This allows assets within the native bridge of the rollup to generate income, mitigating the opportunity cost of holding idle ETH. Additionally, unifiETH supports use cases such as gasless transactions, enhancing the user experience in both web3 and web2 applications.
Fartcoin $FARTCOIN Project: Humorous and unique cryptocurrency based on meme culture. Offers contests, humorous content, NFTs, and interactive elements. Growing community and consolidation as an innovative token.
Technical Indicators:
Bollinger Bands: 1 hour: Price at upper band ($0.46-$0.52), bullish momentum. 4 hours: Key support at middle band ($0.40), possible correction. RSI: 1 hour: RSI at 62.98, indicates bullish strength with slight overbought. 4 hours: RSI at 72.09, possible pause in the rally. Volume: Constant increase, supports the rally. A drop could indicate loss of momentum.
Key Levels:
Resistances: $0.50 and $0.52. Supports: $0.44 and $0.40.
Possible Scenarios:
Bullish: Staying above $0.44 could lead to breaking $0.50 and reaching $0.60-$0.70. Bearish: Losing the support at $0.40 could lead to $0.35 or $0.30.
#Fartcoin continues to stand out with its rally and key levels that will define its future direction, with $0.40 and $0.50 being crucial in the coming days.
1/ 🚨 Record liquidations in the crypto market: $1.57B in 24 hours - #Bitcoin! The crypto market experienced its largest wave of liquidations since September 2021. Bitcoin fell below $97,000, causing massive liquidations in long positions. What does this mean for the market? 🧵👇
2/ What happened? $1.39B in long positions liquidated compared to only $183M in short positions. The critical support level of $97,700 was briefly breached, triggering cascading liquidations due to leveraged positions. This reflects excessive confidence in a possible advance of $BTC towards $100K.
3/ Key data: Liquidations concentrated near $97,700, a key level for leveraged longs. Shorts, in comparison, were minimal and with flat curves, indicating less aggressiveness in bearish positions.
4/ Liquidation curve analysis: Before the drop, there were $91M in shorts liquidated, indicating failed attempts by traders who shorted the previous rally. The abrupt drop in longs to $97,000 could indicate a possible short-term recovery if selling pressure decreases.
5/ What’s next for Bitcoin? The massive liquidation may have relieved the market of leveraged positions, opening the door to a possible technical rebound. However, $97,700 remains a key level to recover in order to resume bullish momentum.
6/ The record liquidations underscore the importance of managing risk in volatile markets. 💬 Do you think BTC will regain strength after this event, or will we see more corrections? 📲 Follow @Criptotendencias for more analysis and crypto news. 🚀
📌 Summary of the technical analysis of #Sandbox $SAND : Recent behavior: $SAND reached a recent high of $1.03, followed by a correction to $0.70. The RSI on 4H charts is at 29.41, indicating an extreme oversold zone.
Key indicators:
Bollinger Bands: Support at $0.68 (lower band on 4H chart). Dynamic resistance at $0.84 (moving average on daily chart). Volume: Decrease during the correction, suggesting a pause in selling pressure.
Price levels: Short term: Resistance: $0.84-$1.00. Support: $0.68-$0.62. Medium term: Resistance: $1.20-$1.50. Support: $0.50-$0.36 (yearly lows).
Scenarios: Bullish: Bounce towards $0.84 and potential continuation to $1.00-$1.20. Bearish: Loss of support at $0.68, with pullbacks to $0.50 or even $0.36.
👉 $SAND faces a correction after its recent rally, with key support at $0.68 and an opportunity for recovery towards higher levels if it maintains the momentum.
1/ 🌍 El Salvador adjusts its#Bitcoinpolicy to secure an IMF loan The country is close to an agreement with the IMF for a $1.3B loan, which implies changes to its Bitcoin law and reduction of the fiscal deficit. What does this mean? 🧵👇 2/ Key changes to the Bitcoin law: Accepting Bitcoin will no longer be mandatory for businesses, but optional. Commitment to reduce the fiscal deficit by 3.5% of GDP in three years through spending cuts and tax increases. This adjustment seeks greater macroeconomic stability. 3/ Financial impact: If the agreement is closed, El Salvador could access an additional $2B from the World Bank and the IDB in the coming years. National reserves would increase from $11B to $15B, strengthening the economy. 4/ IMF and its stance on Bitcoin: The IMF has repeatedly warned about the risks of using Bitcoin as legal tender, citing financial stability and consumer protection concerns. The adjustment also seeks to reduce the public sector's exposure to crypto. 5/ El Salvador continues to bet on Bitcoin: With $BTC surpassing $100,000, government reserves are worth more than $600M, an increase of 127%. However, most Salvadorans still prefer to use dollars for their daily transactions. 6/ Conclusion: Although El Salvador modifies its Bitcoin policy to comply with the IMF, Nayib Bukele's leadership continues to advance its pro-Bitcoin agenda. 💬 Do you think these changes will benefit the Salvadoran economy? 📲 Follow @Criptotendencias for more crypto analysis and news. 🚀
Trump and Bitcoin: Donald Trump considers establishing federal reserves in Bitcoin. The proposal comes amid the rise of $BTC above $100,000.
Expert criticism: Bill Dudley and Lawrence Summers highlight the volatility and risks of Bitcoin as a national reserve. They warn of possible market manipulation and economic challenges such as inflation and debt.
Practical challenges: Funding reserves in BTC would require greater debt or currency issuance, with risks of inflation. A clear exit plan is missing to manage the volatility of the asset.
Regulatory framework as an alternative: Proposal to establish clear laws to regulate cryptocurrencies and stablecoins. Backing stablecoins with safe assets such as Federal Reserve deposits or Treasury securities.
Crypto promises and policy: Trump promised not to sell $BTC seized for illicit activities. Senators like Cynthia Lummis propose that the government acquire 1 million BTC. Possible pro-crypto orientation with figures like David Sacks in key roles.
The idea of Bitcoin reserves generates interest but faces regulatory, economic and technical obstacles. The balance between innovation and stability will be crucial for future US policies regarding cryptocurrencies. #BecomeCreator
Argentine Peso and Charles Hoskinson's View - #Cardano $ADA
The Argentine peso leads the world in appreciation:
40% increase in real terms between December 2023 and October 2024. It surpasses the Turkish lira (+16.5%) and the Malaysian ringgit (+8.5%). In contrast, the Brazilian real depreciated by 13% in the same period. (Source: GMA Capital and BIS).
Charles Hoskinson's opinion on the appreciation of the peso: He attributes the phenomenon to good leadership and favorable policies towards private currencies. He highlights that Argentina is experimenting with monetary competition, similar to the European Union.
Structural reforms of the government of #Milei : Focus on restructuring ministries and promoting transparency and accountability. Political debate on delegating functions to the private sector or keeping them in the public sphere.
Comparisons with American models: Relates Argentine deregulation to Elon Musk's staff-cutting strategies and US cost-cutting policies. Hoskinson suggests a "cut and then rebuild" strategy, applying technology audits to improve efficiency.
Perspectives on cryptocurrencies and international politics: Hoskinson believes that Argentina and the US could include cryptocurrencies in their presidential dialogues, increasing Argentine influence in global policies.
Next key event: Cardano Constitutional Convention, December 4-6 in Buenos Aires and Nairobi.
👉 An economic and political transformation that positions Argentina as a unique case globally.
Recent upward movement: $WLD breaks key resistances around $3.50 and consolidates at $3.90-$4.00.
Key levels: Immediate resistance: $4.12. Next bullish target: $4.25-$4.50. Critical supports: $3.75 and $3.50.
Technical indicators: Bollinger Bands reflect increasing volatility; consolidation expected. High volume validates the recent rally, but a decrease could indicate a pause. RSI at 64 (4H chart), still with room for more upward movement.
👉 Conclusion: WLD shows bullish potential, but key levels will decide its next direction.
🎯 #Bitcoin! surpasses $100K and Jerome Powell declares in its favor
🔸 Bitcoin, a rival of gold not of the dollar: Jerome Powell, the chairman of the Fed, compares $BTC to gold, describing it as a speculative asset, not a threat to the dollar.
🔸 The crypto market grows: With $1.92 trillion in capitalization, the Bitcoin market already surpasses that of silver, although it is still far from the $18 trillion of gold.
🔸 Regulation in the U.S.: The Biden administration and the Fed face criticism for allegedly limiting the crypto industry with restrictive measures like "Operation Chokepoint 2.0".
🔸 Technology with potential: While Powell remains skeptical, others in the Fed, like Christopher Waller, highlight the innovation of blockchain and DeFi to improve traditional finance.
💬 Will Bitcoin be the gold of the future? The conversation remains open, with its role in the financial system yet to be defined. #BecomeCreator
🔹 #Bitcoin $BTC has reached a historic high close to $104,000, consolidating after a recovery cycle. 🔹 Technical indicators: Monthly RSI at 77 (overbought). Key support at $100,000, with immediate resistance at $104,000. 🔹 Possible scenarios: Short term: 🎯 Up: Targets at $110,000-$120,000. 🔻 Down: Retracement towards $97,500-$93,500. Medium term: 🎯 Up: $130,000-$150,000, with a projection to $200,000. 🔻 Down: Supports at $90,000-$80,000.
🌍 Bitcoin in international reserves: future or risk?
🔹 U.S.: Donald Trump proposes to create a strategic reserve of Bitcoin with 200,000 BTC annually for 5 years to diversify assets and protect against economic risks.
🔹 Brazil: A project in Congress seeks to allocate up to 5% of international reserves to Bitcoin, strengthening the economy and backing its digital currency, the Drex.
⚠️ Chile: The Central Bank dismisses Bitcoin due to its high volatility and lack of liquidity. Its reserves remain focused on safe assets such as credit securities and currencies.
💡 Global debate: While some countries see Bitcoin as an opportunity, others maintain conservative reserves. What do you think of this trend?
📈 Interesting fact: Bitcoin closed November at a historic high of $96,455 USD.
🧵 Thread: Technical analysis of #Curve $CRV 📊 1/ Curve (CRV) has shown a significant rally, reaching a recent high of $1.21 before entering a consolidation phase. We analyze its next key levels in the short and medium term. 👇
2/ Key supports and resistances: - Main support: $1.00, psychological level and key moving average. - Immediate resistance: $1.21, the recent high that defines the barrier to break to continue the bullish momentum. 📈
3/ Technical indicators: The RSI (69) indicates that CRV is close to overbought, which could lead to a correction. The Bollinger Bands show high volatility and a possible consolidation before a stronger move. ⚠️
4/ Bullish scenario: If it breaks $1.21, the targets would be:
$1.30-$1.32: Next technical level.
$1.40: Extension in case of strong momentum.
In the medium term, CRV could target $1.50-$1.60 or even $2.00 if market conditions are favorable. 🚀
5/ Bearish scenario: A loss of the support at $1.00 could take the price to:
$0.88-$0.90: Key support zone.
$0.75-$0.80: Base of the recent rally in case of a deeper correction. 🔻
CRV is at a key moment after a strong rally. Support at $1.00 and resistance at $1.21 will be decisive levels for its next move. 📉📈
1/ 🚨 Supply chain attack on the #Solana ecosystem What happened, who was affected, and how was it contained? Here's what you need to know: 🧵👇
2/ What happened: The account with publishing access to solana/web3js was compromised. The attacker injected malicious code that stole private keys and drained funds from dApps that interacted with them. It mainly affected developers who updated the library in a short period.
3/ Solana blockchain is safe: This incident did not involve the #Solana protocol, only the JavaScript library. Non-custodial wallets and end users were not affected, as they do not expose private keys in transactions. Projects such as Phantom and Backpack confirmed that they did not use the compromised versions.
4/ Estimated losses: Approximately $160,000 in $SOL and $31,000 in other tokens were stolen. $LEPER $CWIF $BONK $JUP
5/ Solana (SOL) price technical analysis: Impact of the attack and projection Following the news of the attack on Solana's library, the price of SOL remains stable around $232, showing a contained reaction thanks to the rapid containment of the incident. 📊
Recent performance: Key resistance: $241-$242, coinciding with the top of the Bollinger Bands. Support: $228, where the lower band and a previous accumulation zone are located. The RSI at 59 suggests neutral momentum, but with the possibility of momentum if it breaks resistance.
Likely scenarios for Solana: 🔹 Bullish: If SOL breaks $242 with increasing volume, it could head towards $250-$260, resuming the bullish momentum after the incident. 🔹 Bearish: If it loses $228, we could see a pullback towards $220, a key level to avoid a deeper correction.
The market seems to be assessing the implications of the attack, but the technical response and quick containment have limited the negative impact.
📈 Technical Analysis of #Chainlink $LINK : Key Signals for Traders
1️⃣ Current trend: Price: $24, in full recovery after breaking key resistances. 200-period moving average exceeded, indicating a long-term bullish change. Exponential moving averages (4, 9, 18): Aligned upwards, reflecting strong buying pressure.
2️⃣ Technical indicators: RSI: At 76.60, overbought zone → possible pause or correction. Parabolic SAR: Confirms bullish trend, located below the price.
3️⃣ Key levels: Resistance: $27 (target if it consolidates above $23). Support: $18.50 (in case of correction).
📊 LINK is at a crucial technical moment, ideal for monitoring short and medium-term opportunities. 💬 Bullish or correction? Leave us your opinion! 🚀
1/ 🚀 Technical analysis of #Tron $TRX : What's next for its price? #TRONNetwork has risen from $0.28 to a recent high of $0.45, backed by strong buying volume. It is now consolidating between $0.37-$0.39, where could it move next? 🧵👇
2/ Recent trend: 📈 Key support: $0.36-$0.37 (Bollinger Bands moving average).🔝 Immediate resistance: $0.45, a level that defines the next bullish advance. The price is in a pause phase after an explosive rally.
3/ Technical indicators: Bollinger Bands: At the upper band, indicating overextension and possible consolidation.RSI: At 70-71, a sign of overbought and potential selling pressure.Volume: Decreasing after the rally, which could reflect a cooling.
4/ Likely scenarios:
🔹 Short term: If it breaks $0.45: Targets at $0.50-$0.52 or even $0.55.If it loses $0.36: Retracement to $0.33 or $0.28, where it could find support.
🔹 Medium term: Bullish: Possible $0.55-$0.60 and even $0.70 in case of sustained trend.Bearish: Drop to $0.28 or $0.25 if selling pressure dominates.
5/ Conclusion: $TRX is at a crucial moment. Support at $0.36-$0.37 will be key to avoid a larger correction. Resistance at $0.45 will determine if it can reach new highs. 📊 What do you think, will we see a breakout or a correction? 💬👇 #BecomeCreator
1/ 🚀 Technical analysis of #Cardano $ADA : What’s next after its impressive rally? $ADA has reached levels not seen in months, breaking key resistances and reaching $1.26. What do the indicators tell us about its next direction? 🧵👇
2/ Recent trend: 📈 Support: $0.93, backed by the central moving average of Bollinger Bands. 🔝 Resistance: $1.30-$1.32, a critical level that has halted recent advances. The rally is accompanied by high volume, reflecting increased market interest.
3/ Technical indicators: Bollinger Bands: ADA operates at the upper part, indicating possible overextension and risk of correction. RSI: At extreme levels of 80-84, indicating overbought conditions. Volume: High during the rally, but a drop could anticipate weakening.
4/ Likely scenarios: 🔹 Short term: If it doesn't surpass $1.32: Retracement to $1.10 or $0.93 to consolidate. If it breaks $1.32: Targets at $1.50 and $1.55. 🔹 Medium term: Bullish: Possible $1.80-$2.10 if the trend persists. Bearish: Correction towards $0.80-$0.93 in case of exhaustion.
$ADA shows strength, but the indicators suggest caution in the short term. With support at $0.93 and resistance at $1.30-$1.32, the next moves will be key to defining its direction.
Do you think ADA will break resistances or will we see a correction? 💬👇 #Criptotendencias