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  • New SEC Boss Loves Crypto 🧑‍⚖️

New SEC Boss Loves Crypto 🧑‍⚖️

and Bitcoin just can’t break $87.5K resistance.

Welcome to Crypto Wire — clear, concise, and crypto-smart.

What we’ll cover today:

👔 SEC’s new chair actually understands crypto?!

🌐 Circle goes worldwide with USDC + EURC.

📉 Bitcoin gets rejected (again) at $87.5K.

Source : NDTV

Paul Atkins, a crypto-friendly former SEC commissioner, is now the new SEC Chairman, signaling a potential shift in crypto regulations.

🚨 Breaking News:
Atkins, known for his pro-crypto stance, was sworn in as the 34th U.S. SEC Chairman, indicating possible regulatory changes ahead.

⚡ Wire Simplified:

  • Paul Atkins served as SEC commissioner from 2002 to 2008.

  • He co-chaired the Token Alliance, advocating for digital assets.

  • Atkins has investments in crypto firms like Anchorage Digital.

  • His appointment suggests a move towards clearer crypto regulations.

  • The crypto industry anticipates more favorable policies under his leadership.

✔️ Straight to the Point:
With Atkins at the SEC's helm, the crypto community hopes for clearer guidelines and a more supportive regulatory environment.

🎤 Do you think Paul Atkins' appointment will benefit the crypto industry?

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Source : Circle

Circle, the company behind USDC and EURC stablecoins, is launching a global payment network to streamline cross-border transactions.

🚨 Breaking News:
Circle announces a new global payments and remittance network powered by USDC and EURC, enabling real-time, 24/7 transactions.

⚡ Wire Simplified:

  • The network connects banks, fintech firms, and digital wallets.

  • It aims to reduce intermediaries and transaction fees.

  • Supports various use cases like payroll and business payments.

  • Emphasizes compliance with KYC/AML and cybersecurity standards.

  • Developers can build financial tools directly on the network.

✔️ Straight to the Point:
Circle's initiative could revolutionize cross-border payments, making them faster and cheaper, especially benefiting emerging markets.

🎤 Will Circle's new network improve global transactions?

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Source : Peakpx

Bitcoin is struggling to break past the $87.5K mark, with bearish market structures still in play.

🚨 Breaking News:
Despite a recent surge, Bitcoin couldn't surpass $88,500, indicating the continuation of a bearish market trend.

⚡ Wire Simplified:

  • Bitcoin's recent high was $88,465, below the previous $88,500 peak.

  • The market lacks strong volume to confirm a bullish reversal.

  • Key support levels are at $74,500 and $67,850.

  • Traders remain cautious amid uncertain market signals.

  • A clear breakout is needed to shift the current trend.

✔️ Straight to the Point:
Bitcoin's inability to break resistance suggests caution; traders await a decisive move to confirm the next market direction.

What do you think about today’s edition?

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Disclaimer:

This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.

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