Acting Chairman of the U.S. CFTC: Compliance requirements will not be relaxed just because the Trump administration promises to support the crypto in

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Cointime2025/06/13 04:00

By:Cointime

according to CoinDesk, Caroline Pham, Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the Coinbase annual summit that although the Trump administration is open to cryptocurrencies, regulatory agencies will not relax compliance requirements for the industry. She emphasized that "supporting innovation does not mean turning a blind eye to illegal activities", and the CFTC will focus on combating market fraud rather than convicting specific asset classes or technologies. Pham criticized the regulatory approach of the Biden administration for "over-expanding legal interpretations", pointing out that this trend not only affects the crypto market, but also spills over to traditional derivatives and forex markets. She believes that when crypto technology is widely adopted, a blanket ban will become impractical.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14