Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 1.31% in the last 24 hours and is currently trading at $92,955. Bitcoin (BTC) is priced slightly below the previously mentioned support at $93,138. A close below this level could push BTC down to $92,503. On the upside, BTC needs to close above the $94,703 resistance level to initiate a recovery.

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Ethereum (ETH): The ETH/USDT pair has dropped 2.17% over the last 24 hours and is now trading at $3,167. For Ethereum (ETH), resistance levels are seen at $3,217 and $3,290, while support levels stand at $3,091 and $2,994.

The Sandbox (SAND): The SAND/USDT pair has decreased by 8.44% in the past 24 hours and is currently trading at $0.5417. Resistance levels for SAND are at $0.6425 and $0.6913, while support levels are at $0.5450 and, in the case of further declines, $0.4719.

Uniswap (UNI): The UNI/USDT pair has fallen 5.33% in the last 24 hours and is trading at $12.92. UNI has resistance levels at $14.02 and $15.68, with support levels at $12.40 and $11.24 in case of further losses.

Pepe (PEPE): The PEPE/USDT pair is down 4.86% in the past 24 hours and is now priced at $0.0000167. Resistance levels for PEPE are located at $0.00001851 and $0.00001973, while support is at $0.00001664 and, in the case of further dips, $0.00001441.

Trending Coins

In the last 24 hours, the most trending coins in the market include ANDY (ANDY), Butthole Coin (BUTTHOLE), and ai16z (AI16Z).

Top gainers are Ontology (ONT), INSURANCE (INSURANCE), and Peanut the Squirrel (PNUT).

Meanwhile, the biggest losers are PAAL AI (PAAL), Freysa AI (FAI), and Theta Fuel (TFUEL).

Bitcoin Liquidation Map

The 12-hour Bitcoin liquidation map shows a major liquidation area at $95,024, amounting to $35.81 million. On the downside, a notable liquidation zone at $92,751 is worth $31.46 million.

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The post The Latest on Bitcoin and Cryptocurrencies: 13 January appeared first on Coin Engineer.

SAND Price Analysis: Will the Uptrend Continue?

For SAND to maintain its upward momentum in the short term, it needs to hold above the 0.7972 level. If this support level is breached, the price could potentially continue its rise to the upper grey box area.

However, if a rejection occurs at the 0.7972 level, the price is likely to fill the Fair Value Gap (FVG) in the red zone. A downward break of this red zone could lead the price to the grey box area below, which will serve as the next support level.

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The post Will Sand (SAND) Continue Its Uptrend? appeared first on Coin Engineer.

As of September 30, the initiative includes participants from a wide range of countries, such as France, Germany, Spain, Italy, and The Netherlands, as well as smaller nations like Malta, Cyprus, and Liechtenstein. The regulators from both the European Union and the European Economic Area aim to work together to support the development of distributed ledger technology (DLT) across various sectors.

Supporting Blockchain Innovation

Launched by the European Commission, the EBSI seeks to create a framework where blockchain projects, regulators, and authorities can collaborate to overcome regulatory barriers and foster innovation. The sandbox provides a confidential environment where participants can exchange knowledge, identify legal challenges, and explore blockchain use cases safely.

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The initiative aims to improve regulatory certainty around decentralized technologies like blockchain, allowing regulators to gain deeper insight into these cutting-edge solutions. The European Commission highlighted that the sandbox will provide legal advice and regulatory guidance to selected projects, helping to bridge the gap between innovators and regulators.

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The post European Blockchain Sandbox Expands with 41 Regulators in Second Cohort appeared first on Coin Engineer.

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Coinbase was sued by the SEC in June for allegedly operating as an unregistered broker, dealer, and exchange. Coinbase denied the allegations, arguing for the dismissal of the case and accusing the regulator of adopting a “regulation by enforcement” approach.

The exchange attorney William Savitt explored how securities are defined and pointed out the difference between “investing in Beanie Baby Inc. and buying Beanie Babies.”

In its June complaint, the SEC said that tokens such as SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are securities.

Savitt made an explanation about Coinbase

Savitt noted that Coinbase does not argue that tokens listed on its website can never be considered securities.

“We do not accept the view that token transactions can never be investment contracts,” he said, adding that the SEC did not present any allegations in its case that meet the definition of an investment contract.

He also said that Coinbase agrees with the SEC that a formal contract signed by the buyer is not necessary to create an investment contract. However, he still said that token buyers reading technical reviews and other information about token projects does not mean they are buying investment contracts.

Savitt also rejected the SEC’s thesis that token sales on Coinbase should be considered investment contracts because token projects may have made certain promises to buyers and buyers may have bought tokens in the hope of a price increase.

“There needs to be a statement intended to convey an enforceable promise,” Savitt said. “That is the irreducible minimum of what could be considered an investment contract.”

The Coinbase attorney said that what really distinguishes blockchain tokens from securities is that a person who buys a stock, whether directly from an issuer or on a secondary market, receives all the rights that ownership of those securities confers, but that is not the case for tokens.

The post Coinbase Files Suit to Determine Whether Tokens Listed on Its Exchange Are Securities appeared first on Coin Engineer.