White House Advisor Criticizes Coinbase's Withdrawal from Market Structure Bill Talks
- Regulatory Framework Setback: A White House crypto advisor criticized Coinbase for withdrawing from discussions on the U.S. crypto market structure bill, warning that this move could lead to stricter regulations, negatively impacting the entire digital asset industry.
- Weakened Industry Collaboration: The advisor noted that Coinbase's exit undermines collaboration between the industry and government, potentially worsening the environment for crypto innovation and increasing the risk of harsher regulations in the future.
- Growing Policy Divide: This incident highlights the tension between policymakers and major crypto firms, as Coinbase's ongoing clashes with regulators may hinder the progress of meaningful legislation.
- Uncertain Future: With the 2024 election cycle approaching, a breakdown in communication could result in rushed or punitive rules, putting the U.S. at a disadvantage in the global crypto regulatory landscape.
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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 stock.
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 | 0.0189 | 0.0299 | 0.0418 | 0.0528 | 0.0647 | 0.0757 | 0.0876 |
| Fibonacci | 0.0299 | 0.0387 | 0.0441 | 0.0528 | 0.0616 | 0.067 | 0.0757 |
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