Coinbase CEO Claims EU is Benefiting from Fines Due to Excessive Regulation
Coinbase CEO's Criticism: Brian Armstrong criticized the EU for imposing fines on US tech firms, claiming it undermines the region's technology and economy, and suggested that excessive regulation leads to a decline in economic growth.
Fines vs. Taxes: In 2024, the EU collected €3.8 billion in fines from US tech companies, surpassing the €3.2 billion in corporate taxes paid by public European tech firms, raising concerns about the EU's regulatory approach.
US Officials' Backlash: American business leaders and policymakers, including Elon Musk and Secretary of State Marco Rubio, condemned the EU's fines as regulatory overreach and an attack on American innovation, arguing it favors European competitors.
EU's Defense of Regulations: European officials defended their regulatory framework, asserting that strict enforcement of digital laws is necessary, with some lawmakers emphasizing the importance of being tough on compliance regardless of US objections.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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