Revolut Phases Out USDT to Comply with MiCA Regulations
- Phased USDT Delisting: Revolut has announced a gradual removal of USDT support over the coming weeks, allowing customers to purchase until July 6, while new deposits will cease after July 30, and existing holders can sell or withdraw until August 31, ensuring compliance with EU's MiCA regulations.
- Impact of MiCA Regulations: The MiCA framework mandates that all crypto service providers operating in the EU obtain regulatory authorization, and since Tether has not secured this, platforms like Revolut, Coinbase, and Kraken are delisting USDT to mitigate compliance risks.
- Market Shift: As non-compliant stablecoins lose access to regulated platforms, market participants are expected to migrate towards authorized alternatives such as USDC and EURC, which will enhance competition among stablecoin issuers seeking approval in the European market.
- Revolut's Compliant Services: Following its MiCA license acquisition, Revolut has expanded its regulated crypto offerings in Europe, providing over 400 trading pairs and low trading fees, aiming to enhance user experience and attract more customers, thereby solidifying its position in the crypto market.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) 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 STRK 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, STRK 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 $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0235 | 0.0257 | 0.0278 | 0.03 | 0.0321 | 0.0343 | 0.0364 |
| Fibonacci | 0.0257 | 0.0274 | 0.0284 | 0.03 | 0.0317 | 0.0327 | 0.0343 |
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