BTC falls below the $78000 mark

On March 11th, according to CoinDesk, lawyers from Gibson Law Firm stated that the SEC's recent release of memecoin guidance may suggest adjustments to cryptocurrency regulatory policies and even affect the applicability of Howey's testing. The SEC previously issued a statement stating that memecoin should not be considered a security as the funds of its buyers are not concentrated for the development of related projects, and the price depends on market speculation and collective sentiment. This position contradicts the views previously held by the SEC in lawsuits against cryptocurrency exchanges and may affect digital asset trading in all secondary markets. Analysis suggests that this measure indicates that the SEC is gradually moving away from the tough regulatory approach of former chairman Gary Gensler, providing a clearer direction for the development of US cryptocurrency policy.

The current price range has sparse chips, indicating increased price volatility, but there is strong resistance near 2100, which is about 13.56% away from the current price, putting upward pressure on the market. Combining the latest 2-hour cycle K-line pattern, the pregnancy line and gyro line suggest market hesitation, coupled with the increased downward momentum of MACD, short-term weakness may continue. At the same time, RSI has entered the oversold zone, and with the KDJ indicator, rebound demand is brewing. The exclusive chip distribution indicator for members accurately locates the pressure support level, helping you plan ahead for reversal opportunities. Open membership now, unlock chip distribution, and grasp ETH key points! The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.

In an interview with The Block, 1Money CEO Brian Shroder discussed his startup’s plans to create the fastest and most compliant network purpose-built for stablecoins.The network, which will not have a native token or smart contracts, is purpose-built to enable fast and scalable stablecoin transactions for businesses.

The US stock market closed down, with the Dow Jones Industrial Average falling 2.08%, the Nasdaq falling 4%, and the S&P 500 index falling 2.7%.

A crypto whale narrowly avoided a painful liquidation on Maker on Monday after the price of ETH came dangerously close to his liquidation price.Twice within two liquidation windows, he narrowly avoided liquidation by sending 2,000 ETH and later $1.5 million in DAI to lower the liquidation price and buy himself additional breathing room.