Over 30 crypto firms, led by the DeFi Education Fund, are urging Congress to 
address the Department of Justice’s interpretation of money transmitter laws, 
which they say could expose non-custodial software developers to criminal 
liability. In a letter sent to…

Over 30 crypto firms, led by the DeFi Education Fund, are urging Congress to address the Department of Justice’s interpretation of money transmitter laws, which they say could expose non-custodial software developers to criminal liability. In a letter sent to…

‘Confusion and ambiguity’: 30 crypto firms call on Congress for clarity on money transmitter rules

Ethereum price started a downside correction from $2,120. ETH must clear the 
$2,110 and $2,120 resistance levels to continue higher. Ethereum started a 
downside correction below the $2,110 zone. The price is trading below $2,095 
and the 100-hourly Simple Moving Average. There was a break below a bullish 
trend line with support at $2,105 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could continue to move down if it stays below the $2,120 
zone. Ethereum Price Dips Below Support Ethereum price failed to stay above 
the $2,120 zone and extended its decline, like Bitcoin. ETH price gained pace 
for a move below the $2,110 and $2,100 levels. The bears pushed the price 
below the 38.2% Fib retracement level of the upward move from the $2,000 swing 
low to the $2,148 high. Besides, there was a break below a bullish trend line 
with support at $2,105 on the hourly chart of ETH/USD. However, the bulls were 
active near the $2,080 level. Ethereum price is now trading below $2,100 and 
the 100-hourly Simple Moving Average. If the bulls remain in action above 
$2,075, the price could attempt another increase. Immediate resistance is seen 
near the $2,110 level. The first key resistance is near the $2,120 level. The 
next major resistance is near the $2,150 level. A clear move above the $2,150 
resistance might send the price toward the $2,220 resistance. An upside break 
above the $2,220 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 
in the near term. Downside Continuation In ETH? If Ethereum fails to clear the 
$2,120 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,075 level. The first major support sits near the 
$2,060 zone or the 61.8% Fib retracement level of the upward move from the 
$2,000 swing low to the $2,148 high. A clear move below the $2,060 support 
might push the price toward the $2,020 support. Any more losses might send the 
price toward the $2,000 region. The main support could be $1,940. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the 
bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major 
Support Level – $2,060 Major Resistance Level – $2,150

Ethereum price started a downside correction from $2,120. ETH must clear the $2,110 and $2,120 resistance levels to continue higher. Ethereum started a downside correction below the $2,110 zone. The price is trading below $2,095 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,105 on &#8230;

Ethereum Price Buying Pressure Softens, Traders Turn Increasingly Cautious

Strategy and BitMine paused weekly buys as four public firms added 612 BTC 
worth $47.5m, while stablecoin liquidity fell $687m.

Strategy and BitMine paused weekly buys as four public firms added 612 BTC worth $47.5m, while stablecoin liquidity fell $687m.

Strategy and BitMine pause as 4 firms add $47.5m in Bitcoin

Enhanced scrutiny on overseas private debt may curb Korean capital outflows, 
impacting global credit markets and investor strategies.
The post South Korea to monitor $37B in overseas private debt investments 
appeared first on Crypto Briefing.

Enhanced scrutiny on overseas private debt may curb Korean capital outflows, impacting global credit markets and investor strategies. The post South Korea to monitor $37B in overseas private debt investments appeared first on Crypto Briefing.

South Korea to monitor $37B in overseas private debt investments

Pendle&#8217;s focus on limit orders could redefine DeFi liquidity strategies, 
emphasizing concentrated incentives over diversification for growth.
The post Pendle focuses co-incentives on limit orders to enhance liquidity 
appeared first on Crypto Briefing.

Pendle&#8217;s focus on limit orders could redefine DeFi liquidity strategies, emphasizing concentrated incentives over diversification for growth. The post Pendle focuses co-incentives on limit orders to enhance liquidity appeared first on Crypto Briefing.

Pendle focuses co-incentives on limit orders to enhance liquidity

Binance unveils a platform that allows users to trade on real-world events 
using onchain event tokens settled in the stablecoin USDT. Bonding Curve 
Pricing Mechanism Binance Wallet has launched a new third‑party decentralized 
application that lets users trade blockchain‑based tokens tied to real‑world 
events, including sports results, crypto price levels and news outcomes. Known 
as […]

Binance unveils a platform that allows users to trade on real-world events using onchain event tokens settled in the stablecoin USDT. Bonding Curve Pricing Mechanism Binance Wallet has launched a new third‑party decentralized application that lets users trade blockchain‑based tokens tied to real‑world events, including sports results, crypto price levels and news outcomes. Known as &#8230;

‘Confusion and ambiguity’: 30 crypto firms call on Congress for clarity on money transmitter rules

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