Circle Expands Blockchain Interoperability Efforts by Acquiring Talent from Interop Labs
Circle's Acquisition of Interop Labs: Circle has acquired members and technology from Interop Labs, including CEO Sergey Gorbunov, to enhance its engineering capabilities for cross-chain interoperability, particularly for stablecoins. The deal is expected to close early next year.
Impact on Axelar and Open-Source IP: The acquisition does not include Axelar's open-source intellectual property, which will be managed by Common Prefix. This separation aims to maintain Axelar's community-driven governance while allowing collaboration with Circle.
Importance of Interoperability for Stablecoins: The acquisition comes as stablecoin issuers prepare for new U.S. regulations, emphasizing the need for seamless cross-chain functionality as stablecoins increasingly operate across multiple blockchain networks.
Future Plans for Circle and Arc: Circle aims to enhance the compatibility of digital assets on its Arc platform across various blockchains, reducing reliance on third-party systems and integrating Interop Labs' expertise to build internal cross-chain tools.
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Technical Analysis for WAXL
Technical Sentiment Analysis for Axelar (WAXL) As of , Axelar (WAXL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAXL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WAXL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Axelar (WAXL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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