U.S. CFTC Invites Crypto Leaders to Join Innovation Council
CFTC Innovation Council Formation: The Commodity Futures Trading Commission (CFTC) has established its CEO Innovation Council to focus on advancements in the derivatives market, particularly in cryptocurrency, tokenization, and blockchain technology, with notable members from major crypto firms.
CEO Engagement with CFTC: CFTC Commissioner Caroline Pham expressed gratitude towards the CEOs for their willingness to share insights, emphasizing the council's commitment to exploring innovations in areas like crypto assets and perpetual contracts.
Pilot Initiative for Crypto Collateral: The CFTC introduced a pilot initiative to utilize crypto as collateral in the derivatives market, coinciding with Pham's support for leverage spot crypto trading, highlighting her focus on crypto policy during her interim leadership.
Transition in CFTC Leadership: As Pham's interim chairmanship nears its end, the Senate is expected to confirm Mike Selig as the new chair, who will face a wave of new crypto policy initiatives, reinforcing the U.S. commitment to becoming a global hub for digital assets.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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