Solana prices take a U-turn as foundation argues SOL's 'security' label
Recall that debates erupted from the crypto community regarding the SEC’s decisions to label some of the top tokens as unregistered securities.
“We welcome the continued engagement of policymakers as constructive partners in regulation to achieve legal clarity on these issues”. And according to CoinMarketCap, the token value surged by 6.16% in the last 24 hours. This suggests that investors might be undeterred by regulatory concerns.by 22% on account of the proscription. But based on the SOL/USD four-hour chart, buyers have been influential in pushing up the price.
Although the Relative Strength Index at 32.94 suggests proximity to bearish momentum, it still depicts a recovery from the 14.56 value on 10 July. However, if SOL was to edge higher than its current price, it would require additional buying pressure.In the derivatives market, traders haven’t yet swayed from open short contracts on SOL. According to Coinglass, the SOL funding rate was down to -0.039%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Solana gets dragged into centralization vs securities tussleAmidst the raging debate on the degree of decentralization, Solana seemed to be outperforming its competitors.
Lire la suite »
Is Solana still reeling from the FTX fallout?Alameda Research currently holds a locked stake worth $45 million in SOL, this looks concerning for the altcoin.
Lire la suite »
Solana prices dive 42% within a week, will there be a quick recoveryEven though Solana has fallen to a long-term support level, buyers banking on a strong bounce to $18 are exposing themselves to a huge risk.2
Lire la suite »
Families of Paul Bernardo's victims demand killer's return to maximum security | CBC NewsA lawyer representing the families of two teenage girls murdered by Paul Bernardo has sent a letter to the head of the Correctional Service of Canada (CSC) demanding that the serial rapist and killer be returned to a maximum-security prison.
Lire la suite »
Paul Bernardo should 'rot' in maximum-security prison, Pierre Poilievre saysThe Conservative leader had choice words for Bernardo and the Liberal government\u0027s response to his transfer to a medium\u002Dsecurity prison.
Lire la suite »
Champions League final in Istanbul tests UEFA security plans after chaos in Paris last yearThe Champions League final on Saturday in Turkey is the biggest test of UEFA’s operations for major cup finals since the chaotic and near-fatal title game in Paris last year.
Lire la suite »