📌 TOPINDIATOURS Eksklusif crypto: Top Crypto Leaders to Meet with Senate Democrats

A group of the crypto industry’s most prominent executives is scheduled to meet with Senate Democrats on Wednesday to discuss the future of US crypto market structure legislation.

The meeting, led by Senator Kirsten Gillibrand, comes as bipartisan negotiations over comprehensive crypto rules remain stuck in Congress, according to journalist Eleanor Terrett.

Gillibrand, a co-sponsor of the Responsible Financial Innovation Act alongside Senator Cynthia Lummis, has emerged as one of the few Democrats openly advocating for regulatory clarity in the sector.

Top Crypto CEOs to Join Senate Democrats for Market Structure Roundtable

Executives expected to attend include Coinbase CEO Brian Armstrong, Chainlink’s Sergey Nazarov, Galaxy Digital’s Mike Novogratz, Kraken’s David Ripley, Uniswap’s Hayden Adams, Circle’s Dante Disparte, Ripple’s Stuart Alderoty, Jito’s Rebecca Rettig, a16z Crypto’s Miles Jennings, and Solana Policy Institute’s Kristin Smith.

Terrett added that more attendees may join.

The meeting reflects ongoing engagement between lawmakers and industry leaders even as the legislative process slows.

Analysts at TD Cowen warned last week that delays in negotiations could push any progress on crypto market structure legislation beyond next year’s midterm elections.

While the Genius Act, which focused on AI regulation, passed swiftly, crypto legislation has faced political gridlock.

Senate Republicans have put forward their own bill outlining jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while introducing the concept of “ancillary assets” to determine which tokens should not be treated as securities.

Democrats, meanwhile, are said to be drafting a competing framework.

A leaked six-page proposal reportedly focused on curbing illicit activity in DeFi has drawn criticism from both Republicans and the crypto industry, who argue it could stifle innovation.

Gillibrand’s upcoming roundtable could mark a renewed effort to bridge the divide and bring the long-awaited crypto market structure bill back to the legislative forefront.

CFTC Adds Crypto Leaders to Global Advisory Committee

Last month, the US Commodity Futures Trading Commission (CFTC) named some crypto leaders as new members to its Global Markets Advisory Committee (GMAC) and its Digital Asset Markets Subcommittee (DAMS).

Among the latest appointees to DAMS are Katherine Minarik of Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill of BNY, and Ben Sherwin of Chainlink Labs, key figures in blockchain infrastructure, legal policy, and institutional crypto strategy.

The appointments signal the CFTC’s continued push to incorporate industry expertise into policymaking around digital assets.

In September, Congressman Zachary Nunn asked the US Treasury to launch a national security review of Chinese firms Bitmain and Cango, citing concerns over their expanding presence in the US crypto mining sector.

In a letter sent to Treasury Secretary Scott Bessent, Nunn pointed to opaque ownership structures, potential state ties, and risks to national infrastructure as grounds for a Committee on Foreign Investment in the United States (CFIUS) investigation.

The post Top Crypto Leaders to Meet with Senate Democrats as Market Structure Talks Stall appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 TOPINDIATOURS Eksklusif crypto: Why Is The Crypto Market Up Today? Hari Ini

As the week begins, the crypto market is back in the green. The total crypto market cap (TOTAL) has climbed to $3.69 trillion, up more than $60 billion in 24 hours, after finding crucial support at $3.59 trillion.

All ten of the top ten cryptocurrencies have traded positively over the past day, signaling that bullish sentiment may be returning after two weeks of corrections. Bitcoin (BTC) continues to lead the move, rising nearly 3%, while several altcoins post double-digit daily gains.

In the News Today:

• Binance banned over 600 accounts for using automated bots to exploit its Alpha program. The exchange also launched a whistleblower feature to flag abusive accounts, offering rewards to users who report verified cases.
• DefiLlama reinstated Aster’s perpetual data after a two-week delisting but warned that verification gaps remain, urging users to trade cautiously until new transparency metrics are added.

The Crypto Market Shows Optimism

The total crypto market cap (TOTAL) has bounced strongly, now standing at $3.69 trillion, up 1.67% in 24 hours. This recovery comes after several days of weakness that followed the October 13 correction.

Importantly, TOTAL has held the $3.59 trillion support level — a line that has repeatedly acted as a floor during pullbacks. A sustained rebound from here could push the market toward $3.76 trillion, which remains the key resistance to confirm a broader uptrend.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

If TOTAL closes above this level, the next major target sits near $3.94 trillion. Failing to hold above $3.59 trillion, however, could reintroduce short-term selling pressure and drag valuations back toward $3.45 trillion.

Looking beyond Bitcoin, the total market cap excluding BTC (TOTAL2) has also improved, now at $1.49 trillion, up 1.28% in 24 hours (less than TOTAL). This shows that while altcoins are recovering, Bitcoin remains the primary driver of market momentum.

For TOTAL2 to signal real strength, it must break above $1.62 trillion, its next key resistance zone.

Bitcoin Tests Key Resistance

Bitcoin (BTC) has crossed above the $110,000 mark, extending its recovery after finding support near $103,539 earlier this month. The coin is up 3% in the past 24 hours, showing Bitcoin is still leading the broader crypto rebound.

Between September 23 and October 10, Bitcoin’s price made a lower low, while the Relative Strength Index (RSI), a momentum indicator that tracks buying and selling strength, made a higher low. This setup, called a bullish divergence, often signals that a downtrend is losing power.

After bottoming out at $103,539, Bitcoin’s reversal finally kicked in. For the rally to continue, BTC must close above $114,936, about 4.1% higher than its current levels. That could open the path toward $117,626 and $121,455.

A daily close below $108,918, however, would weaken this structure and could bring back the bearish mood, pushing prices toward $105,000 again.

For now, with three straight green candles and improving RSI, Bitcoin looks set to test higher levels — but only a firm close above $114,936 will confirm a sustained trend shift.

Synthetix (SNX) Breaks Out of Flag Formation

Synthetix (SNX) was one of the strongest recoverers from the October 10 market crash, rebounding sharply after a week of correction. The token is up almost 16% in the past 24 hours, trading near $1.69 at the time of writing.

The latest move comes as SNX broke out of a bullish flag pattern, signaling renewed upside potential. The pole projection, the distance of the initial rally before consolidation, suggests that Synthetix could be eyeing sizable long-term gains, though the extended target at $6.40 may take time to reach.

For now, traders are watching the $2.59 level as the first major upside target. This represents a 53% rise from the current price, aligning with the 1.0 Fibonacci retracement level.

If momentum continues, intermediate resistances lie at $1.94 and $2.31, which could guide the path higher. However, failure to hold above $1.30 would weaken the flag structure and risk a short-term pullback before another leg up.

Synthetix’s clean technical setup and its strong bounce from October’s lows make it one of the more resilient altcoins.

The post Why Is The Crypto Market Up Today? appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com