Kraken Backs Operation Atlantic Against Crypto Scams
- Support for Anti-Fraud Initiative: Payward has openly backed Operation Atlantic, a collaborative effort led by the UK's National Crime Agency and others, aimed at combating crypto scams, identifying over 20,000 potential victims and uncovering more than $45 million in criminal assets, showcasing Kraken's commitment to industry collaboration.
- Reputation Under Scrutiny: Blockchain analyst ZachXBT has raised concerns about Kraken's reputation, highlighting the addition of Memecore ($M) in July 2025, which involved $7.9 million in questionable transactions, potentially undermining trust in the exchange.
- Liquidity Concerns: Despite Memecore's market cap reaching $6 billion, its liquidity is severely constrained, with insiders holding 99.6% of the circulating supply, leaving minimal opportunities for non-insiders to purchase, which could impact trading activity on Kraken.
- Impact of Industry Collaboration: The successful execution of Operation Atlantic signifies a shift towards proactive measures against crypto fraud, enhancing the industry's ability to prevent scams through government and private sector partnerships, potentially encouraging more exchanges to engage in similar initiatives.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000178 | 0.000202 | 0.000219 | 0.000243 | 0.00026 | 0.000284 | 0.000301 |
| Fibonacci | 0.000202 | 0.000218 | 0.000228 | 0.000243 | 0.000259 | 0.000269 | 0.000284 |
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