fit21

According to Cointelegraph: The US House of Representatives has voted in favor of the Financial Innovation and Technology for the 21st Century Act (FIT21), aimed at clarifying the rules of securities and commodities regulators in overseeing cryptocurrencies. The next step for the bill is a potentially challenging path through the US Senate, where it has neither a companion bill nor a set timeline for action.

The FIT21 bill, which saw 71 Democrats and 208 Republicans vote in favor, could face robust opposition in the Senate, considering the presence of prominent crypto critics like Senator Elizabeth Warren. Post the Senate Review, if approved, the bill would proceed to President Biden's desk. The President on May 22 expressed his administration's disapproval of the bill, though it didn't specify his vetoing intention.

While Coinbase CEO, Brian Armstrong, celebrated this development as a "total victory", crypto-focused lawyer Gabriel Shapiro countered by arguing that the FIT21 could still grant the SEC "considerable power". The bill, if passed, will primarily place the control of cryptocurrencies under the Commodity Futures Trading Commission (CFTC), viewed as a more lax regulator than the SEC.

📊 Cryptocurrency Chart Analysis: FHE (Mind Network)
The recent price action and technical indicators for the FHE (Mind Network) token, indicating a period of extreme volatility driven by a major pump and subsequent correction.
* Current Price and Performance: The $FHE token is currently trading around $0.060603. Despite the recent drop, the token is still showing a significant gain of +48.58%, suggesting strong overall performance on the day. The Market Cap is $21.14M, with an FDV of $60.22M.
* Price Movement (Volatility): The chart captures a massive rally from a low of approximately $0.033586 to a high of $0.089693. This sharp spike was immediately followed by a steep correction, which brought the price down, testing the level of the moving averages.
* Moving Averages (MA): The intense bullish pressure caused a decisive bullish crossover, with the short-term MA(7) (yellow) and medium-term MA(25) (red) rapidly rising and crossing the long-term MA(99) (purple). The current price correction has found temporary support right at the level of the rising MA(25) (approx. $0.060101) and MA(99) (approx. $0.048665), suggesting these averages are attempting to act as a floor.
* Volume: The price pump was accompanied by a huge spike in green (buy) volume, as seen in the volume bars. The subsequent correction saw significant red (sell) volume, though it remains slightly lower than the initial buying frenzy.
The overall technical picture shows a market that is consolidating after an extremely volatile pump-and-dump cycle. The key now is whether the MA levels will hold as support to prevent a return to pre-pump prices.
Would you like me to compare this performance to the Sparkle Token (SSS) chart you previously shared or look up information about the Mind Network project?
🔗 Mind Network (FHE) Price and Project Analysis
The chart for the FHE (Mind Network) token displays a classic pattern of extreme volatility: a sharp price spike followed by an immediate, deep correction.
* Chart Summary: FHE surged from a low near $0.033586 to a high of $0.089693, a move that was supported by a large spike in trading volume. Currently, the price has dropped back to around $0.060603 but is maintaining a day-to-day gain of +48.58%. The price is consolidating around the rising Moving Averages, which are acting as a support floor after the rapid sell-off.
* Project Overview: Mind Network (FHE) is a pioneering cryptocurrency project that operates on the Ethereum platform, utilizing Fully Homomorphic Encryption (FHE). FHE is often called the "Holy Grail of Cryptography", as it enables computation to be performed directly on encrypted data without ever decrypting it, ensuring data privacy and security.
* Utility: The FHE token powers the network, which aims to be a Fully Encrypted Web3 infrastructure and the first FHE Restaking Layer for AI and Proof-of-Stake (PoS) networks. Its use cases include secure AI computations, governance, and payment for private computations. The network is focused on creating a Zero Trust Internet Protocol (HTTPZ) for quantum-resistant, end-to-end encrypted data.
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#FHEFuture

#FIT21 #BTC走势分析

Okay guys listen up as there is going to be the FOMC today on 10 Dec at about 2:00 pm and a rate cut of 25 bps is expected #majorupdate
So I want you guys to understand is that if the paull's speech isn't that much powerful then it is expected by traders right now the rate cut itself won't be enuf to fuel a bulkish momentum if he acts scared or gives a normal speech we might see a big sell off and $BTC might break the support level of 80k causing a massive dump#CryptoNewss
Well hoe for the best I'm personally bought shit ton of $SOL and $XRP in spot and have booked hallf the profits and I'm waiting for confirmation click on the btc and check the 8h vhart analysis u will see 👇#FIT21 #Price-Prediction