World Liberty Financial Seeks National Banking Charter to Issue USD1 Stablecoin
- Strategic Shift: World Liberty Financial, the Trump family's crypto venture, is applying for a national banking charter to issue and safeguard USD1 stablecoin, aiming to bridge traditional finance and cryptocurrency, which is expected to accelerate institutional adoption and enhance market legitimacy.
- Market Value Surge: The USD1 stablecoin currently holds a market value of approximately $3.4 billion, bolstered by its role in a $2 billion investment in crypto exchange Binance by a third-party investor, highlighting its significance in the crypto market.
- Regulatory Environment Change: This application follows the recent approvals of trust bank charters for major crypto players like BitGo and Fidelity Digital Assets, reflecting a regulatory shift under the Trump administration towards integrating crypto firms into the banking system, which may lead to increased scrutiny.
- Service Expansion: World Liberty plans to offer crypto custody and stablecoin conversion services to institutional clients, reducing reliance on third-party providers and accelerating product development, although this move has drawn criticism regarding potential conflicts of interest.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36063.262 | 48031.631 | 60333.282 | 72301.651 | 84603.302 | 96571.671 | 108873.322 |
| Fibonacci | 48031.631 | 57302.779 | 63030.503 | 72301.651 | 81572.799 | 87300.523 | 96571.671 |
About BTC
About the author
