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a16z and The Digital Chamber Send Crypto Regulation Wish Lists to the SEC

The Securities and Exchange Commission’s (SEC) new Crypto Task Force is soliciting public submissions on what it needs to do to keep crypto companies in the U.S. and bring back those already offshore. Those papers offer insights into what the crypto industry hopes a newly friendly government will do next. Here’s a look at what venture capital firm a16z and The Digital Chamber, a major industry advocacy group, are asking for. Both also start at the same place: The SEC’s unrelenting attacks on crypto and its refusal to create regulations that acknowledge the needs and realities of the digital asset industry have caused great harm and should be addressed as quickly as possible. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinTurk News

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Investing In The Dip: Discovering The Top Cryptos To Buy As Markets See Red

Markets are currently experiencing a downturn, yet this might be the perfect moment to explore potential top-performing cryptocurrencies. Stunning opportunities can emerge amidst the chaos, offering investors a chance to capitalize on future growth. This article delves into the most promising coins poised for a surge, making it a must-read for those looking to make informed decisions. Uniswap UNI: Past Trends and Key Levels for Future Moves UNI experienced a sharp decline over the past month, with prices dropping around 27%. However, the last six months have shown a strong recovery, with gains exceeding 40%. Despite a nearly 14% slip in weekly performance, the overall trend indicates a longer-term rally. Price fluctuations have characterized this volatile period, as recent dips have been offset by substantial improvements over the half-year. The current price is trading between $9.45 and $14.82, with immediate support around $7.17 and resistance near $17.91. Additional levels at $1.81 and $23.28 provide potential trading ranges. Indicators are showing a slight bearish setup, with negative momentum and an RSI around 35, suggesting short-term weakness. Traders may consider these key levels for potential opportunities, looking for a break above resistance or a bounce from support. Aptos Price Action: Past Correction, Future Levels to Watch Last month, Aptos lost over a quarter of its value, and the six-month view shows a similar downward trend with a nearly 16% decline despite a mild weekly gain. The recent correction signals a volatile period marked by steady declines that highlight investor caution and a shift away from a prolonged uptrend. The coin currently trades between 6.22 and 10.01 dollars with a key support at 4.65 dollars and a nearby resistance at 12.22 dollars. Bears appear to be in control as technical indicators lean negative, yet the price is trading within established levels. Traders might consider watching the break of support or a bounce from the area to capitalize on potential reversals. Uptrend and Volatility Define Aave`s Market Journey Aave experienced a strong rebound over the past six months, surging with a 70% gain, countering a sharp 33% decline in the last month. The weekly drop of approximately 16% pointed to short-term weakness, yet the half-year performance highlights recovery and renewed investor interest. The figures reflect a coin that has been volatile, moving from significant corrections to a resounding bounce back without a steady pace. Current trading sees Aave priced between $266 and $389, with immediate support at $200 and resistance at $445. Bears seem to control the market now with down-trending indicators suggesting sideways action. Traders may consider strategies that explore buying near support or shorting close to resistance within these defined key levels. Conclusion As markets turn red, savvy investors remain on the lookout for fresh opportunities. Uniswap, as a leading decentralized exchange, stays top-of-mind for seamless token swaps. Aave stands out with its robust lending and borrowing protocols, drawing yield-seekers into DeFi. Meanwhile, Aptos continues to gain traction with its innovative blockchain architecture. With the 2024 bull run gaining momentum, these tokens hold the promise of potential upside for forward-thinking investors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTurk News