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Range highs is resistance though so definitely an area to be cautious

European fintech giant Trade Republic has secured a full license from Germany’s financial regulator (BaFIN) to offer crypto services. With the move, it became the latest company to get licensed under the Market in Crypto Assets (MiCA) framework. According to Circle Senior Director for EU Strategy and Policy, Patrick Hansen, who shared the development on X, the firm is now authorized to custody crypto assets, execute orders, receive and transmit orders, and provide crypto transfers on behalf of clients. The license allows Trade Republic to offer all these crypto services throughout the 30 European Economic Area (EEA) countries. However, it would still rely on trading platforms and market makers to execute trades. Hansen described the move as evidence of how financial institutions in the region are already making efforts to get licensed under the MiCA before the transition period ends. He said: “The race is on: neobanks, brokers, other fintechs, and even traditional banks are all moving quickly to secure their MiCA licenses before transition periods end.” The transition period for the unifying crypto regulation for Europe is when crypto entities can operate without MiCA licenses in the EU. It is expected to end by the start of July 2026 or until the regulator grants or refuses authorization for companies that have applied. Trade Republic is one of the leading online brokers in Europe, with over 100 billion in assets under management and eight million customers across several European countries. It expanded to Italy earlier this year. Meanwhile, Trade Republic getting authorization to offer crypto services by BaFIN means that 25 companies have now gotten licenses under the MiCA framework. This highlights how slow the licensing process has been in Europe, given that MiCA went into full force in December 2024. There have been concerns that the region’s regulatory approach may harm its efforts to attract crypto entities, especially when other regulators in Asia, the US, and the Middle East have become more permissive of the industry. However, it appears companies are still making efforts to comply with the new regulatory standards in Europe. Interestingly, the German financial regulator is leading in approval rate, with the BaFIN licensing nine out of the 25 countries. Hansen noted that this is 36% of all regulating crypto service providers on the continent. So far, the biggest name to have secured a license appears to be Circle , the issuer of USDC stablecoin. The company remains the only MiCA-licensed global stablecoin issuer after getting authorization as an electronic money institution from France’s ACPR, allowing it to issue USDC and EURC. Other crypto firms that have obtained licenses include OKX, BitGo Europe, MoonPay, Hidden Road, Socios.com, and BitStaete have also secured licenses. Interestingly, Ripple recently bought Hidden Road, likely to gain easier access to the European markets. While a few major crypto companies already have MiCA licenses, others, such as Binance, Kraken, Robinhood, and Tether, are currently not licensed in the region. Although most of them have started the application process, there is a risk that some of these companies may not operate in Europe. Tether, for instance, has already decided against getting a MiCA license for its USDT stablecoin, claiming that the requirements are dangerous for stablecoins. This has made MiCA-compliant platforms in the region that delist USDT. However, it is not just the big companies that this affects. Some experts believe that MiCA could leave lasting damage on the crypto startup scene in Europe as most startups may not meet the licensing standards or be able to bear the cost of the process. Crypto attorney Ilja Nikiforov predicted that around 75% of European registered crypto companies would lose their registration by mid-2025 if they cannot get a MiCA license. He added that funding for European crypto startups has declined by more than 90% from the 2022 peak. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Worldcoin (WLD) price has shown signs of both exhaustion and potential accumulation, and traders are now closely watching whether the next breakout will be bullish or bearish. Let’s break down the recent price action using the daily and hourly TradingView charts to understand where WLD price could be heading next . On the daily chart, WLD price recently faced rejection around the $1.40 to $1.50 resistance zone , which aligns with the Fibonacci 0.618 level from the recent rally. This area acted as a profit-booking level after the price surged from around $0.70 to $1.50 earlier in May. The chart is currently showing a minor pullback, with the last Heikin Ashi candle attempting a green close at $1.10, indicating buyers are slowly stepping in. Importantly, WLD price is hovering just above its 20-day Simple Moving Average (SMA ) at $1.097, with the 50-day SMA at $0.915 and the 100-day SMA at $0.973, forming a bullish moving average ribbon. These averages are starting to align in a classic bullish sequence: 20 > 50 > 100. Historically, this alignment precedes a strong continuation trend. To quantify the retracement: If we take the swing low near $0.70 and the swing high near $1.50, the 38.2% retracement comes around $1.18, and the 50% retracement is around $1.10. Worldcoin price currently trades at $1.10, exactly around the 50% Fibonacci pullback zone, which is often a critical support in uptrends. If WLD price manages to close above the $1.18 level again, the next likely targets would be: The hourly chart paints a short-term bearish picture with WLD trading under a tight compression zone below the SMA ribbon (20, 50, 100, and 200 SMA). All moving averages are trending down, and the price is struggling to reclaim the 1.20 level, which has acted as resistance since the drop from $1.30. Despite this bearish bias, the Heikin Ashi candles are showing early signs of flattening, and a potential base might be forming around the $1.10 - $1.12 support zone. Also noteworthy is the pivot point at $1.1235, which coincides with current price action. If the bulls can gain control here and push the price above the 200-SMA near $1.22, then short-term momentum could flip bullish again. A quick projection based on an average hourly range of $0.05 suggests that if $1.22 breaks, Worldcoin price could swiftly test $1.30 again within 24–36 hours. When comparing the daily rally structure and recent consolidation, there’s a strong case that Worldcoin price may be forming a bull flag — a continuation pattern. The steep rally followed by a slanted consolidation toward key moving averages typically precedes a breakout. However, if the support around $1.10 fails, then this flag could break downward, and the price might slide to $0.97, the 100-day SMA and the prior breakout zone. Probability-wise: Let’s run a simple Fibonacci extension from the most recent low near $0.97 to the high of $1.50. Using the 1.618 extension rule: Target = (High - Low) * 1.618 + Low = (1.50 - 0.97) * 1.618 + 0.97 = 0.53 * 1.618 + 0.97 = 0.8575 + 0.97 = $1.83 If the rally resumes above $1.50, then $1.83 becomes the next Fibonacci-level target before any major pullback. Worldcoin price is currently in a neutral-to-bullish consolidation phase. As long as WLD price holds above the $1.10 mark, the bullish structure remains valid. A daily close above $1.18 will strongly increase the chances of a rally toward $1.50 and beyond. However, traders must watch the $1.08–$1.10 support closely. A break below this zone could trigger a sharp move down to $0.97. The broader momentum still favors bulls, but in the short term, patience is needed before a decisive trend resumes. If the bulls take over, $1.83 is a realistic May target. Worldcoin (WLD) price has shown signs of both exhaustion and potential accumulation, and traders are now closely watching whether the next breakout will be bullish or bearish. Let’s break down the recent price action using the daily and hourly TradingView charts to understand where WLD price could be heading next . On the daily chart, WLD price recently faced rejection around the $1.40 to $1.50 resistance zone , which aligns with the Fibonacci 0.618 level from the recent rally. This area acted as a profit-booking level after the price surged from around $0.70 to $1.50 earlier in May. The chart is currently showing a minor pullback, with the last Heikin Ashi candle attempting a green close at $1.10, indicating buyers are slowly stepping in. Importantly, WLD price is hovering just above its 20-day Simple Moving Average (SMA ) at $1.097, with the 50-day SMA at $0.915 and the 100-day SMA at $0.973, forming a bullish moving average ribbon. These averages are starting to align in a classic bullish sequence: 20 > 50 > 100. Historically, this alignment precedes a strong continuation trend. To quantify the retracement: If we take the swing low near $0.70 and the swing high near $1.50, the 38.2% retracement comes around $1.18, and the 50% retracement is around $1.10. Worldcoin price currently trades at $1.10, exactly around the 50% Fibonacci pullback zone, which is often a critical support in uptrends. If WLD price manages to close above the $1.18 level again, the next likely targets would be: The hourly chart paints a short-term bearish picture with WLD trading under a tight compression zone below the SMA ribbon (20, 50, 100, and 200 SMA). All moving averages are trending down, and the price is struggling to reclaim the 1.20 level, which has acted as resistance since the drop from $1.30. Despite this bearish bias, the Heikin Ashi candles are showing early signs of flattening, and a potential base might be forming around the $1.10 - $1.12 support zone. Also noteworthy is the pivot point at $1.1235, which coincides with current price action. If the bulls can gain control here and push the price above the 200-SMA near $1.22, then short-term momentum could flip bullish again. A quick projection based on an average hourly range of $0.05 suggests that if $1.22 breaks, Worldcoin price could swiftly test $1.30 again within 24–36 hours. When comparing the daily rally structure and recent consolidation, there’s a strong case that Worldcoin price may be forming a bull flag — a continuation pattern. The steep rally followed by a slanted consolidation toward key moving averages typically precedes a breakout. However, if the support around $1.10 fails, then this flag could break downward, and the price might slide to $0.97, the 100-day SMA and the prior breakout zone. Probability-wise: Let’s run a simple Fibonacci extension from the most recent low near $0.97 to the high of $1.50. Using the 1.618 extension rule: Target = (High - Low) * 1.618 + Low = (1.50 - 0.97) * 1.618 + 0.97 = 0.53 * 1.618 + 0.97 = 0.8575 + 0.97 = $1.83 If the rally resumes above $1.50, then $1.83 becomes the next Fibonacci-level target before any major pullback. Worldcoin price is currently in a neutral-to-bullish consolidation phase. As long as WLD price holds above the $1.10 mark, the bullish structure remains valid. A daily close above $1.18 will strongly increase the chances of a rally toward $1.50 and beyond. However, traders must watch the $1.08–$1.10 support closely. A break below this zone could trigger a sharp move down to $0.97. The broader momentum still favors bulls, but in the short term, patience is needed before a decisive trend resumes. If the bulls take over, $1.83 is a realistic May target.

Washington is preparing to erase one of the flagship rules established after the 2008 financial crisis. A discreet but decisive reform is about to redefine the foundations of American banking regulation. Indeed, regulators are considering a profound modification of the “supplementary leverage ratio” (SLR), a pillar of post-crash stability. If successful, this decision could upset the financial architecture, with major consequences for the global economy. For the promoters of this reform, the goal is clear: adapt banking regulation to a new economic reality. The rules imposed after 2008 are considered too rigid in a world where liquidity has become crucial . By easing the SLR, banks could once again support the economy by buying more Treasury bonds, while more easily financing businesses. This measure is part of the deregulation strategy advocated by the Trump administration. By aligning US standards with those of Europe or Asia, authorities intend to strengthen the competitiveness of national financial institutions. “Penalizing banks that hold low-risk assets, such as Treasury bonds, compromises their ability to support market liquidity“, stated Greg Baer, director of the Bank Policy Institute. Translation: regulatory barriers must be lifted so that the banking system can play its role during crises. Furthermore, some experts believe the SLR unnecessarily hinders banks’ agility in an environment where adaptability is vital. “The US Treasury market can freeze during a crisis partly because of the SLR“, warns Darrell Duffie, professor at Stanford. The message is clear: more leeway means more resilience for the economy. The easing of the SLR breathes new life into major American banks. It would allow them to free up capital to finance activities deemed more productive, directly benefiting the economy. Institutions like JP Morgan or Goldman Sachs see a lever to become pillars of a dynamic financial ecosystem again. Moreover, this change would encourage the resumption of certain operations abandoned since 2014. Banks could reposition themselves in the public debt market, now dominated by hedge funds and high-frequency traders. In the long run, this reform could also lower borrowing costs by increasing demand for public securities. Donald Trump sees this as an opportunity to boost the US economy while facilitating the financing of state expenditures. Another alternative to bitcoin and other cryptocurrencies, assets he seems to favor lately. Many observers also point out that current SLR requirements in the US (5%) are much stricter than in other parts of the world, where they range between 3.5% and 4.25%. Reform supporters therefore see this as a simple rebalancing. However, positive effects assume careful implementation. The economy is delicate, and every lever pulled can produce unexpected side effects. This gray area is where the debate intensifies. The SLR was introduced in 2014. It requires major banks to hold a certain percentage of capital against all their assets, without risk weighting. This rule aimed to prevent the economy from falling back into a crisis like in 2008. Concretely, here is what you need to remember: But critics do not relent. According to Senator Elizabeth Warren: These proposals would put our entire economy at risk of another crash paid for by taxpayers. Translation: the memory of 2008 remains vivid. As the SLR reform approaches, another decision complements this major move. The Office of the Comptroller of the Currency (OCC) recently authorized American banks to buy, sell and hold cryptocurrencies . This convergence of banking deregulation and openness to digital finance reflects a clear ambition: to strengthen the economic power of the United States in a rapidly changing world.

Analysis: ETH Faces Million-Level Chip Stack Area, Recent Largest Selling Pressure from Whale Address Near $1800