China News Today Official TheBitTimes.com

Two recent articles by the European Securities and Markets Authority (ESMA) address the Decentralized Finance (DeFi) ecosystem in an attempt to understand and regulate this market.  According to the EU’s financial markets and securities regulator: “DeFi raises serious risks to investor protection,” and these articles published on October 11 aim to identify the correct approach to managing these risks . In addition to the writing materials, the ESMA announced a webinar addressing the issues mentioned. This event will happen on October 25, and interested persons can register until October 23 using the link provided by the EU authorities. Article 1: ‘DeFi developments and risks in the EU market’ Notably, besides the European Securities and Markets Authority raising awareness about the “serious risks ” of DeFi due to its “highly speculative nature” and “important operational and security vulnerabilities,” the regulator affirms they are not meaningful risks for financial stability. ...

ETH’s rally paused at key resistance levels according to on-chain and technical data but the downside risk appears limited based on the network’s activity. Ether (ETH) fell short of a bullish breakout based on technical and on-chain analysis, suggesting that the consolidation below the $2,000 price level could continue in the medium term. At the same time, a lack of sellers and strong fundamentals will likely protect Ether from steep declines. Ethereum encounters resistance at long-term bullish reversal points ETH/USD price increased by 42.80% since the start of 2023 thanks to a short squeeze in the altcoin market, negative investor sentiment and low liquidity conditions. Based on on-chain and technical levels, the rally has paused at a crucial bull-bear pivot. Glassnode’s Relative Unrealized Loss metric measures the loss scale on Ether holders' books. The orange line represents the bull-bear pivot line, where consolidation above this level signifies bear trends and vice vers...