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🔥 1. U.S. Regulator Approves Crypto Firms to Launch National Trust Banks
The U.S. Office of the Comptroller of the Currency (OCC) has granted preliminary approval to major crypto firms like Ripple and Circle to operate as national trust banks — a big regulatory milestone that could deepen crypto’s integration into traditional finance.
Binance's transition to the Abu Dhabi Global Market (ADGM) marks a pivotal strategic shift. This move signifies the exchange's commitment to operating within a clear, world-class regulatory framework. ADGM, known for its robust and progressive financial regulations, offers Binance a stable and reputable jurisdiction to serve its global user base, particularly in the MENA region.
By securing necessary licenses from the ADGM's Financial Services Regulatory Authority (FSRA), Binance enhances its compliance credentials and institutional trust. This relocation is more than an address change; it's a powerful statement about the maturation of the crypto industry, prioritizing regulatory collaboration, investor protection, and long-term sustainability in a key global financial hub.
🚨 $ZEC I want to be clear about why I have been cautious here with #ZEC : The price is pushing up within a massive downtrend, inside an ascending corrective channel, and now towards the upper edge of that channel with decreasing volume. That is one of the most dangerous structures in TA. Increasing price with decreasing volume equates to exhaustion, not strength. The compression (yellow triangle) within an ascending channel is corrective, not a trend reversal. This is how any analyst reads it.
The macro downtrend above is the actual ceiling and has just rejected that trend edge. This is why my base case was a drop back to the bottom of the compression wedge before any real breakout. The structure still supports that risk. None of this movement is confirmed until we see daily acceptance above the edge of the macro downtrend with strong volume. Until then, the rally is fragile.
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