Sky authorizes up to $2.5 billion to back Obex-incubated crypto yield projects

[Coinbase and Kalshi Collaborate to Develop Prediction Market Platform] Coinbase and Kalshi collaborate to develop a prediction market platform.

[Coinbase CEO Says U.S. Crypto Regulatory Legislation Progressing Smoothly, Looks Forward to CLARITY Act Review in December] Coinbase CEO Brian Armstrong stated that he is advocating for crypto market structure legislation in Washington and has seen positive progress since his last visit. He hopes the CLARITY Act will be reviewed in December and submitted for the President's signature. Armstrong said the act will provide clear rules for the U.S. crypto industry, help unlock the industry's potential, protect users, and support business growth.

[Crypto ATM Operator Virtual Assets and CEO Accused of Laundering $10 Million] The U.S. Attorney's Office for the Northern District of Illinois announced that cryptocurrency ATM operator Virtual Assets LLC and its CEO Firas Isa were charged with money laundering this Tuesday. Prosecutors allege that Isa and the company assisted criminals in laundering at least $10 million through cryptocurrency. The funds involved were deposited into the company's accounts, converted into cryptocurrency, and transferred to digital wallets. If convicted, Isa could face up to 20 years in prison. Currently, Isa and the company have pleaded not guilty to the charges.

[Kraken Receives $200 Million Investment from Citadel Securities, Valuation Reaches $20 Billion] Cryptocurrency exchange Kraken has received a $200 million strategic investment from market maker Citadel Securities, valuing Kraken at $20 billion in this transaction. Citadel Securities, founded by Ken Griffin, is one of the largest market makers in the world. Kraken Co-CEO Arjun Sethi stated that the funding will be used to accelerate global expansion plans and strengthen integration with the traditional financial system.

The current 1-hour cycle K-line shows that ETH is forming a bullish swallowing pattern around $3122, while the belt line indicates increased buying pressure. However, membership indicators show that the MACD bar chart continues to shrink, with downward momentum still accumulating, and EMA24 is below EMA52, indicating a bearish trend in the medium to long term. The chip distribution shows that $3121.5 is a strong support level, and the current price is testing this area. If it falls below, it may accelerate its downward trend to $3096. In addition, the KDJ dead cross signal and top pattern confirm the short-term pullback risk, while the shrinking trading volume further weakens the rebound momentum. Pay attention to the gains and losses of the $3121.5 support, which will determine the future direction. Open a membership to receive real-time and accurate buying and selling point alerts, helping you lock in profits in advance! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.