Big news from the world of crypto trading! Gemini, a well-known cryptocurrency exchange, has just achieved a significant milestone that could reshape access to Crypto Derivatives Europe . They’ve successfully obtained a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA). This isn’t just a piece of paper; it’s a key that unlocks the door for Gemini to offer advanced crypto products, like perpetual futures, to eligible traders across the European Union. Understanding the MiFID II License: Why It Matters for Crypto Trading So, what exactly is a MiFID II License , and why is it such a big deal in the context of crypto? MiFID II is a comprehensive regulatory framework in the EU that governs financial markets and aims to increase transparency, investor protection, and market efficiency. While initially designed for traditional financial instruments, its principles are increasingly being applied to the burgeoning crypto space. Obtaining a MiFID II license signifies that an entity meets stringent requirements related to: Capital Adequacy: Ensuring the firm has sufficient financial resources. Organizational Structure: Having robust internal controls and governance. Client Protection: Implementing measures to safeguard client assets and ensure fair treatment. Transparency: Reporting trading data and ensuring clear pricing. For a crypto firm like Gemini, securing this license demonstrates a commitment to operating within established financial regulations. This can build trust with both retail and institutional participants who are often hesitant due to the perceived lack of regulation in the crypto market. Gemini’s Strategic Move: The Malta MFSA Approval Gemini’s choice to secure its MiFID II License from the Malta MFSA is a strategic one. Malta has positioned itself as a forward-thinking jurisdiction for blockchain and crypto businesses, establishing regulatory frameworks designed to attract innovation while maintaining oversight. The MFSA is the primary financial regulator in Malta, responsible for licensing and supervising financial services. By obtaining the license here, Gemini gains a foothold within the EU regulatory landscape. This allows them to ‘passport’ certain services into other EU member states, subject to specific notification procedures and host-country rules. This is a common approach for financial firms seeking to offer services across the single market. This move is a clear signal of Gemini’s long-term vision for Gemini Europe , aiming to become a major player in the region’s evolving crypto ecosystem. What Does This Mean for Gemini Europe Users? Access to Crypto Derivatives The most immediate and exciting impact of this license is the ability for Gemini Europe to offer Crypto Derivatives Europe . Previously, access to these products on regulated platforms within the EU was limited for many traders. Derivatives are financial contracts that derive their value from an underlying asset – in this case, cryptocurrencies like Bitcoin or Ethereum. The license specifically permits Gemini to offer products like perpetual futures. Unlike traditional futures contracts with expiry dates, perpetual futures have no expiry, allowing traders to hold positions indefinitely while managing funding rates. These instruments are popular among advanced traders for several reasons: Leverage: Traders can control a large position with a smaller amount of capital. This amplifies potential profits but also potential losses. Hedging: Derivatives can be used to hedge against price volatility in underlying spot holdings. Short Selling: They make it easier to bet on falling prices. It’s important to note that while the license allows Gemini to offer these products, access will likely be restricted to ‘eligible counterparties’ and ‘professional clients’ under MiFID II rules. Retail traders typically face stricter regulations and may not have immediate access to all derivative products, or they might have leverage limits imposed for their protection. Gemini will need to classify its clients according to these rules. Benefits of Regulated Crypto Derivatives Europe The expansion of regulated Crypto Derivatives Europe trading through platforms like Gemini brings several potential benefits: Increased Market Maturity: Regulated derivatives markets provide better price discovery and liquidity. Enhanced Investor Protection: Operating under MiFID II means stricter rules around risk disclosure, best execution, and handling client funds. Attracting Institutional Capital: Institutions often require regulated venues to participate in crypto markets, especially for complex products like derivatives. This license can help bridge that gap. Regulatory Clarity: A clear regulatory status reduces uncertainty for both the platform and its users. This move contributes to the overall maturation of the Crypto Trading landscape in Europe, bringing it closer to traditional financial markets in terms of structure and oversight. Are There Challenges Ahead for Gemini in Europe? While securing the MiFID II License is a major win, challenges remain for Gemini in expanding its Crypto Derivatives Europe offerings. Passporting rights under MiFID II aren’t always seamless, and individual EU member states can have specific rules or interpretations that affect how services can be offered locally. Navigating this complex regulatory mosaic requires significant legal and compliance effort. Furthermore, the competitive landscape for Crypto Trading in Europe is intensifying, with both traditional financial firms and other crypto-native platforms vying for market share. Gemini will need to differentiate its offerings and provide competitive pricing and features. Finally, educating users about the risks associated with derivatives, particularly leverage, is crucial. While the license implies protection, derivatives are complex instruments and are not suitable for all investors. Gemini will have a responsibility to ensure appropriate risk warnings and suitability assessments. Actionable Insights for European Traders For traders in Europe interested in accessing regulated crypto derivatives through platforms like Gemini Europe , here are some actionable insights: Understand Your Client Classification: Be aware that access to certain products may depend on whether you are classified as a retail, professional, or eligible counterparty client under MiFID II rules. Educate Yourself on Derivatives: Before trading derivatives, especially with leverage, ensure you fully understand how they work, the potential risks, and margin requirements. Assess Your Risk Tolerance: Derivatives are high-risk instruments. Only trade with capital you can afford to lose. Compare Platforms: As the regulated market grows, compare Gemini’s offerings, fees, and trading interface with other licensed platforms in Europe. Stay Informed on Regulations: Keep up-to-date with how regulations evolve in your specific country within the EU, as this can impact product availability. This development opens new avenues, but responsible trading remains paramount. The Future of Crypto Trading and Gemini Europe Gemini’s success in obtaining the MiFID II License from the Malta MFSA marks a pivotal moment for the exchange and for the broader Crypto Derivatives Europe market. It signals a move towards greater regulatory compliance and the potential for more sophisticated financial products within a regulated environment. This could pave the way for increased institutional participation and a more mature market overall. As Gemini rolls out its derivatives offerings, it will be interesting to see the uptake from European traders and how this impacts the competitive landscape. This regulatory approval is not just about derivatives; it positions Gemini as a credible, regulated entity within the EU, potentially facilitating the expansion of other services in the future. Summary: A New Era for Crypto Derivatives Europe In conclusion, Gemini securing a MiFID II License from the Malta MFSA is a significant step forward for Gemini Europe and the accessibility of regulated Crypto Derivatives Europe . This allows the exchange to offer advanced products like perpetual futures to eligible clients, bringing greater sophistication and regulatory clarity to the market. While challenges remain in navigating the EU’s diverse regulatory landscape, this move is a strong indicator of the increasing maturity and institutionalization of Crypto Trading within Europe. It opens up exciting new possibilities for traders, provided they approach these complex instruments with caution and a thorough understanding of the associated risks. To learn more about the latest crypto market trends, explore our article on key developments shaping Crypto Derivatives Europe institutional adoption.
XRP analyst Egrag Crypto, who is well-known for offering bullish predictions about the altcoin, has now drawn the crypto community’s attention to another altcoin, XDC. The analyst predicts this crypto token could also witness a remarkable surge and enjoy up to a 3,350% gain as bullish metrics emerge. XDC To Rally To $2 As Indicators Turn Bullish In an X post, Egrag Crypto stated that XDC will rally to $1 and then easily surge to $2. This came as he remarked that the altcoin’s chart looks “amazing.” First, the XRP analyst noted that the RGB (Red-Green-Blue) indicators perfectly align with the XDC token. Based on this, he asserted that the next move for the altcoin could be a 10x pump. Related Reading: Fartcoin Reaches Critical Make-Or-Break Level: Analyst Reveals What Could Happen From $0.77 This XDC price surge is expected to target the Fibonacci levels between 1.414 and 1.618, rallying to between $0.50 and $0.80. The XRP analyst remarked that this is still below the previous cycle’s blow-off top, when the token soared by 3,350%. He expects XDC to replicate this explosive move, potentially surging to the $2 target. The XRP analyst alluded to the Stochastic Relative Strength Index (SRSI) as another bullish indicator. He revealed that the SRSI is waving bullish signals. The analyst admitted that there is still a long road for XDC to reach and sustain RSI levels above 80, but claimed that the momentum is definitely on the bulls’ side. In line with this, Egrag Crypto asserted that big moves could just be around for the altcoin. The Bearish Angle For The Altcoin The XRP analyst also provided a bearish angle for the XDC price. He revealed that the 21 Exponential Moving Average (EMA) is on the verge of crossing below the 33 Moving Average. If that happens, the analyst warned that it could turn super bearish. Related Reading: Altcoin Season In Danger If Bitcoin Dominance Closes April Above This Level However, he added that this crossover will most likely be avoided and that there could be a blow-off top before the inevitable retracement. The analyst also urged market participants to be attentive as the sharp move higher would come unexpectedly before a big crash to the downside. From a fundamental perspective, XDC’s outlook also looks bullish. The XDC network just officially joined the MiCA alliance, which is a major step forward in aligning blockchain innovation with regulatory clarity in Europe. The team stated that the network is deeply committed to compliance, transparency, and building long-term trust. Like Ripple’s offering using XRP for cross-border payments, XDC is a layer-1 that offers real-world applications like trade finance, cross-border payments, and RWA tokenization. At the time of writing, the XDC price is trading at around $0.07, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The journey towards clear rules for the digital asset space in the United States continues to be a rocky one. A recent attempt to establish comprehensive US Stablecoin Regulation has reportedly failed, with a prominent figure pointing the finger at political infighting. According to Cointelegraph, U.S. Senate Banking Committee Chairman Tim Scott stated in a May 8th speech that the proposed legislation, known as the GENIUS Act , did not pass due to partisan politics. What Was the GENIUS Act All About? Senator Scott explained that the intention behind the GENIUS Act , a significant Stablecoin Bill , was to introduce a regulatory framework that would ultimately benefit consumers and the industry by reducing costs and fostering innovation. The bill aimed to provide much-needed clarity for stablecoin issuers and users alike. However, Scott believes the bill’s failure was less about its actual content and more about strategic political obstruction. His argument is that the bill was blocked by political divisions within the Senate, driven by a desire to prevent then-President Trump from claiming a legislative success in the burgeoning crypto sector. This highlights the challenging political environment surrounding Crypto Regulation US . Key Provisions of the GENIUS Act The GENIUS Act proposed a detailed structure for regulating stablecoins in the U.S. Its framework included several critical components designed to ensure stability and transparency: Licensing Requirements: Establishing a clear process for entities to become authorized stablecoin issuers. Full Reserve Backing: Mandating that stablecoins be fully backed by high-quality, liquid assets to ensure they can maintain their peg. Mandatory Disclosures: Requiring issuers to regularly disclose information about their reserves and financial health to the public and regulators. These provisions were intended to build confidence in stablecoins and integrate them safely into the financial system, potentially unlocking new use cases for digital currencies. Why is US Stablecoin Regulation So Crucial? The debate around US Stablecoin Regulation is important because stablecoins bridge the gap between traditional fiat currencies and the volatile world of cryptocurrencies. They are essential for trading on exchanges and are increasingly being explored for payments and remittances. Without clear rules, there are significant risks: Consumer Risk: Lack of reserve requirements or transparency can lead to stablecoins losing their peg, causing significant losses for holders. Financial Stability Risk: If a large stablecoin were to fail, it could potentially impact broader financial markets. Regulatory Uncertainty: The absence of clear rules makes it difficult for legitimate businesses to operate and innovate in the US, potentially pushing activity offshore. A well-designed Stablecoin Bill could mitigate these risks while allowing the technology to flourish responsibly. What Does This Mean for Crypto Regulation US? The failure of the GENIUS Act underscores the current difficulties in passing comprehensive Crypto Regulation US through Congress. Despite bipartisan agreement on the need for some form of stablecoin oversight, disagreements on the specifics – such as which regulators should have authority or the exact nature of reserve requirements – combined with broader political dynamics, continue to stall progress. Senator Tim Scott ‘s comments suggest that these political dynamics were the primary impediment in this instance. Challenges and Opportunities The main challenge is finding a path forward that satisfies different political viewpoints while still being effective regulation. The opportunity lies in creating a framework that fosters innovation while protecting consumers and ensuring financial stability. The failure of this bill is a setback, but the conversation around US Stablecoin Regulation is far from over. Actionable Insight For those following the crypto market, it’s important to recognize that regulatory progress in the US is heavily influenced by the political climate. Stay informed about legislative proposals and the positions of key policymakers like Tim Scott , as these political battles directly impact the future of digital assets in the country. Summary: A Victim of Politics In summary, U.S. Senate Banking Committee Chairman Tim Scott attributes the failure of the GENIUS Act , a key Stablecoin Bill aimed at comprehensive US Stablecoin Regulation , to partisan politics. The inability to pass this legislation highlights the ongoing challenges facing Crypto Regulation US and leaves the regulatory path for stablecoins uncertain. This political gridlock underscores the difficulty of achieving consensus on digital asset policy in the current environment. To learn more about the latest crypto regulation trends, explore our article on key developments shaping US Stablecoin Regulation.
US President Donald Trump just announced the first trade deal between the US and the United Kingdom since he imposed higher tariffs on imports in April that shook global markets. In a post on the social media platform Truth Social, Trump says the deal will raise $6 billion in external revenue from 10% tariffs. The president says the agreement will also open $5 billion in export opportunities for U.S. farmers, ranchers, and producers and bolster national security for both the US and the U.K. by creating an aluminum and steel trading zone and a pharmaceutical supply chain. “Today is an incredible day for America as we deliver our first Fair, Open, and Reciprocal Trade Deal — Something our past Presidents never cared about. Together with our strong Ally, the United Kingdom, we have reached the first, historic Trade Deal since Liberation Day.” The price of Bitcoin ( BTC ) jumped after the announcement. The flagship cryptocurrency is now trading for $102,644.00, up by 5.86% over the past 24 hours. The broader digital asset market also responded positively to the news. According to data from the market aggregator CoinGecko, the global cryptocurrency market cap is now $3.32 trillion, up by 5.54% in the last 24 hours and 35.16% from one year ago. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin (BTC) and Overall Crypto Market Cap Jump as US President Donald Trump Rolls Out Post-Tariffs UK Trade Deal appeared first on The Daily Hodl .
Surpassing Amazon was just the beginning - what does Bitcoin’s $2 trillion leap tell us about the market’s next move?
With whispers of a new altcoin season growing louder, whale wallets are making bold moves, especially in Shiba Inu (SHIB) and emerging DeFi token Mutuum Finance (MUTM) . SHIB, currently hovering around $0.000013, has seen a surge in large transactions, hinting at renewed confidence in its memecoin magic. Meanwhile, Mutuum Finance, is drawing heavy accumulation thanks to its utility-driven model and sky-high return forecasts. Currently in Phase 4 in presale, Mutuum Finance has already pulled in over $7.9 million from more than 9,600 investors. The token is currently priced at $0.025, but that’s set to increase by 20% to $0.03 once Phase 5 begins. With over 60% of Phase 4 already sold out, this is the ideal moment for investors to get in before prices climb. Analysts say when whales start circling like this, a broader market breakout may not be far behind. Mutuum Finance: The Next Big Thing in DeFi Mutuum Finance presents itself as an outstanding innovator in decentralized finance through its dual-lending model that has impressed the entire crypto community. The project stands out for its combination of Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending models through its new uniquely connected system. The project has gained substantial investor trust as it already surpasses 9,600 investors together with its $7.9 million presale total. Despite the $0.025 token price in Phase 4 it is expected to rise to $0.03 in the upcoming phase as demand intensifies before the supply dwindles. Mutuum Finance has introduced a dynamic dashboard featuring real-time leaderboards of the 50 highest token holders and provides additional MUTM tokens for leaders. The additional MUTM token rewards for board leaders create friendly competition which motivates investors to spend more time in the platform. This gamified aspect contributes to the development of an extremely interactive environment. How Mutuum Finance’s Dual Lending System Works At the heart of Mutuum Finance’s appeal is its hybrid lending system. Through the P2C model, users can earn passive income by lending USDT to smart-contract-powered liquidity pools that handle everything automatically. On the other hand, the P2P model eliminates third-party interference entirely giving users the freedom to borrow or lend directly ensuring more privacy, flexibility, and control. This blend of two systems strikes a strong balance between decentralization and efficiency, offering something that appeals to both cautious and adventurous DeFi users alike. The$100,000 Giveaway and Growing Community Mutuum Finance isn’t stopping at just building tech, it’s also building a thriving user base. To that end, the team has launched a $100,000 token giveaway, in which ten winners will each receive $10,000 worth of MUTM tokens. There’s also a referral program designed to reward users for bringing others into the ecosystem, with incentives for individuals and organizations alike. Holders of MUTM tokens gain access to exclusive updates and features, helping them stay closely connected to the platform’s progress and direction. Massive whale activity in both Shiba Inu (SHIB) and Mutuum Finance (MUTM) is fueling speculation that altcoin season is on the horizon. SHIB is showing signs of renewed momentum, but it’s MUTM that’s capturing serious investor attention. Over $7.9 million has already been raised from more than 9,600 backers, and 60% of Phase 4 is gone. The current price of $0.025 will jump 20% to $0.03 in the next phase, making this the final window to buy in low. Don’t wait, whales are moving in and the next breakout project is already here. Grab your MUTM tokens now before the price explodes. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
This week, digital assets, political ethics, and regulatory roadblocks collided, with developments involving President Donald Trump’s crypto affiliations, a stablecoin bill collapsing by a single vote, and a major regulatory roundtable to be hosted by the U.S. Securities and Exchange Commission (SEC). SEC Brings Wall Street to Washington for Tokenization Roundtable In a bid to bridge traditional finance (TradFi) and decentralized finance (DeFi), the SEC will host a much-anticipated roundtable on tokenization in Washington, D.C., on May 12. The SEC will host a public roundtable on tokenization on May 12, bringing together major financial and crypto firms to discuss regulatory implications. #sec #tokenization #rwa https://t.co/6c3ctdxv5D — Cryptonews.com (@cryptonews) May 5, 2025 Spearheaded by Commissioner Hester Peirce, a longstanding crypto advocate within the Commission, the event indicates a growing interest among regulators in the tokenization of real-world assets. The session, titled “Tokenization—Moving Assets Onchain: Where TradFi and DeFi Meet,” features two panels. The first will include powerhouse institutions such as BlackRock, Nasdaq, Invesco, and Franklin Templeton—entities already exploring tokenized financial instruments. The second will delve into regulatory frameworks and long-term industry impacts, with speakers from Robinhood, Securitize, and Blockchain Capital. This roundtable forms part of the SEC’s broader initiative to engage with emerging crypto technologies and solicit public feedback—a rare moment of openness in an otherwise tense regulatory environment. The event may also provide clues about the agency’s stance on tokenization, particularly as firms explore digital versions of bonds, equities, and money market instruments. Trump’s Crypto Ties Under Senate Scrutiny While the SEC fosters dialogue, the political arena has ignited a firestorm over Donald Trump’s growing crypto ties. A Senate investigative panel, led by Democratic Sen. Richard Blumenthal, has launched an inquiry into the president’s involvement in two crypto ventures: the $TRUMP meme coin and World Liberty Financial (WLFI), a DeFi project linked to Trump’s sons. A US Senate panel is preparing to investigate Trump’s financial stakes in $TRUMP coin and World Liberty Financial, citing concerns over conflicts of interest and foreign influence. #SenateProbe #Trump https://t.co/DYUG2rdg4w — Cryptonews.com (@cryptonews) May 7, 2025 The probe seeks to assess whether these projects pose ethical conflicts or risk undue foreign influence. Blumenthal’s letter, sent on May 6, requested information from key figures involved in these initiatives, including Bill Zanker of Fight Fight Fight LLC (the entity behind $TRUMP) and Zach Witkoff of WLFI. The concern is that Trump’s financial stake in these ventures could influence policy decisions, particularly as he mounts a fresh presidential campaign. The inquiry shows the increasingly murky boundary between political influence and financial innovation, especially in the still-evolving crypto ecosystem. If Trump is found to have used his political stature to drive interest or profits in these ventures, it could trigger broader legislative action or ethics reforms. Senate Democrats Propose Act to Curb Crypto Conflicts of Interest In tandem with the inquiry, Senate Democrats have introduced new legislation designed to prohibit federal officials—including former presidents—from launching or profiting from cryptocurrency projects. Titled the Modern Emoluments and Malfeasance Enforcement (MEME) Act , the bill was introduced on May 6 by Senator Chris Murphy. The proposed law would ban the issuance of cryptocurrencies by current or former federal officials, reflecting a heightened concern over the potential for digital assets to be used for self-enrichment or influence-peddling. While critics argue that the bill is politically motivated, proponents say it is necessary to prevent what they see as the monetization of political brand capital in the volatile crypto markets. Whether the MEME Act gains traction is uncertain, but its introduction reflects the rising political sensitivity around crypto, particularly when public trust and digital assets collide. GENIUS Act Falters, Leaving Stablecoin Regulation in Limbo Perhaps the most consequential setback of the week came in the form of a failed Senate vote on the GENIUS Act, a bill seeking to create a comprehensive federal framework for payment stablecoins. Touted as a key moment for the future of U.S. crypto regulation, the bill was narrowly defeated in a 49–48 vote. Senate Republicans press for crucial Thursday floor vote on the GENIUS Act to establish federal stablecoin oversight, even after several key Democrats withdrew support. #GeniusAct #Stablecoins https://t.co/CLNuvTqp05 — Cryptonews.com (@cryptonews) May 6, 2025 Introduced by Senator Bill Hagerty (R-TN) and co-sponsored by Republican lawmakers Tim Scott and Cynthia Lummis, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act sought to unify stablecoin regulation under federal oversight. The legislation would have allowed stablecoin issuers to operate under a standardized legal structure, promoting innovation while reinforcing consumer protections. U.S. Treasury Secretary Scott Bessent expressed disappointment following the vote, calling the bill a “once-in-a-generation opportunity” to strengthen the dollar’s global position. “Without it, stablecoins will be subject to a patchwork of state regulations,” Bessent warned in a May 8 post on X (formerly Twitter). The defeat reveals deep partisan divides over how best to regulate digital assets, despite bipartisan acknowledgment that stablecoins are now a permanent fixture in financial markets. With the GENIUS Act stalled, stablecoin issuers must continue working through a fragmented regulatory environment, which poses challenges for scalability and market confidence. Looking Ahead This week’s developments reflect the rapidly evolving intersection of politics, regulation, and digital finance. As the SEC attempts to engage with innovators through forums like its tokenization roundtable, Congress continues to wrestle with ethical dilemmas and regulatory frameworks that could shape the future of crypto in the U.S. With Donald Trump’s crypto connections under investigation, and key legislation like the GENIUS Act faltering, the road ahead for crypto regulation remains bumpy. However, what’s clear is that digital assets are no longer a fringe issue—they are front and center in both Wall Street and Washington. Stay tuned as these stories unfold. The post Weekly Crypto Regulation News Roundup: Trump’s Crypto Links Spark Ethics Concerns, Stablecoin Framework in Limbo appeared first on Cryptonews .
Cathy Yoon commended Commissioner Peirce’s remarks on crypto regulation but expressed concerns over her idea of a regulatory sandbox. The Securities and Exchange Commission has radically shifted its policy on crypto, bringing voices such as that of Commissioner Hester M. Peirce to the forefront. However, some still believe that her pro-crypto approach has important limitations. Cathy Yoon, General Counsel at Wormhole Foundation, recently commented on the remarks made by Commissioner Peirce. While she agreed to some extent that regulatory exemptions for crypto are needed, she criticized Peirce’s idea of a regulatory sandbox. You might also like: SEC’s Hester Peirce pushes back on crypto regulation stance Notably, the debate centers around tokenized securities, which fall under the SEC’s jurisdiction. Any type of security must meet stringent regulatory requirements before the SEC deems it compliant. However, there are significant challenges ahead. Sandboxes are great in theory, but there are risks: Yoon Peirce points to ongoing technical issues as a key obstacle. In particular, the technical infrastructure remains underdeveloped. Yoon acknowledged this as a compelling argument in favor of regulatory exemptions for tokenized securities projects. “The infrastructure needed to support tokenized securities is still rather undeveloped and expensive to implement,” Yoon, Wormhole. Still, Yoon noted that she disagrees with Peirce’s concept of a regulatory sandbox. The concept, which Peirce has long advocated, refers to allowing startups to test certain products that exist in a regulatory gray area. These firms are closely monitored by regulators but face fewer penalties and a reduced compliance burden. Yoon argues that sandboxes sound promising in theory but introduce risks such as arbitrary enforcement and favoritism. “A sandbox is only as good as the leeway and support a regulator offers to the sandbox participants. There is also a concern that regulators may favor sandbox participants, leading to biased oversight or even weakened enforcement in the long term,” Yoon, Wormhole. Instead of a regulatory sandbox, Yoon proposed a limited-duration regulatory exemption. This would allow companies to test their products in a real environment, helping them adapt to actual conditions and scale more effectively. Read more: Hester Peirce writes: ‘The Journey Begins’
A widely followed crypto analyst says that the market is gearing up for a reversal after making a strong move to the upside. In a new thread, pseudonymous crypto trader Crypto Capo tells his 132,000 followers on the instant messaging app Telegram that taking profits may be the optimal play as altcoins look primed to crash after a sharp increase. “Analysis has been playing out as expected. Very strong bullish move. Bitcoin reached $98,000 and went even higher (deviation above probably). Ethereum has reached $2,300. Solana is also at the $170-200 main resistance. Altcoins have pumped 30%-100% What now? I’m taking more profits here. 50% [took profits] already. Reversal should be strong.” According to Capo, Ethereum ( ETH ) – the second-largest digital asset by market cap – has reached its resistance zone and will soon form a local top before making a “strong bearish move.” “The $1,500 support held and price has now reached the resistance zone of $2,000-2,300. Expecting a local top formation here and then a strong bearish move.” Source: CryptoCapo/Telegram ETH is trading for $2,290 at time of writing, an 11.5% increase during the last 24 hours. The trader’s chart appears to indicate that Ethereum could dip below $1,200 sometime near June. However, moving on to ETH rival Solana ( SOL ), Capo says the smart contract platform could continue its upward momentum as it is outpacing the flagship crypto asset. “SOL looks ready to reach the main target of $170-200, outperforming BTC. The Solana ecosystem should keep going up.” Source: CryptoCapo/Telegram Solana is trading for $170.68 at time of writing, a 7% increase during the last day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/NextMarsMedia The post Trader Says Market Primed for Strong Reversal After Bullish Move – Here’s His Target for Ethereum and Altcoins appeared first on The Daily Hodl .