LONGITUDE Conference Discusses Digital Asset Regulation and Adoption
- Satoshi Speculation: Blockstream CEO Adam Back addressed speculation about him being Bitcoin creator Satoshi Nakamoto at the LONGITUDE conference, firmly denying the claim while noting that his historical presence in early cypherpunk forums likely fueled such assumptions, which he finds flattering yet inaccurate.
- Regulatory Framework Impact: The MiCA framework is viewed as a significant advancement for regulatory clarity, though industry leaders caution that excessive oversight could stifle innovation, particularly in Europe, where startups may seek more permissive jurisdictions to avoid regulatory burdens.
- Stablecoin Market Growth: Stablecoin circulation stands at approximately $317 billion, reflecting a 50% year-over-year increase, indicating ongoing market expansion; however, widespread adoption hinges on addressing local economic integration challenges, especially in cross-border transactions.
- Importance of Policy Coordination: Participants emphasized that regulatory clarity must be globally coherent to facilitate scalable growth of digital assets, particularly in bridging the “last mile” between digital assets and everyday commerce, where coordinated policies and robust technical infrastructure are essential.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS 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, SATS 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 $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00000000603 | 0.00000000254 | 0.00000000865 | 0.0000000172 | 0.0000000233 | 0.0000000319 | 0.000000038 |
| Fibonacci | 0.00000000254 | 0.00000000815 | 0.0000000116 | 0.0000000172 | 0.0000000228 | 0.0000000263 | 0.0000000319 |
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