OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

The post EU Explores Shifting Crypto Oversight to ESMA Amid Capital Markets Reform appeared on BitcoinEthereumNews.com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → The European Union is drafting a proposal to shift oversight of cryptocurrency exchanges and financial sectors to the European Securities and Markets Authority (ESMA), aiming to enhance capital markets competitiveness for startups and reduce cross-border regulatory hurdles. Centralized Supervision Boost: ESMA would gain authority over stock and crypto exchanges, streamlining operations across the EU. Addressing Fragmentation: The move targets the inefficiencies caused by multiple national regulators, lowering costs for businesses. Broader Mandate Support: Backed by ECB President Christine Lagarde, the proposal could mitigate systemic risks with direct supervision powers, as discussed in 2023. Discover the EU’s bold plan for ESMA to oversee crypto and finance, boosting startup growth and market unity. Read how this proposal could rival US standards and what it means for your investments today. What is the EU Proposal for Transferring Crypto Oversight to ESMA? The EU proposal for transferring crypto oversight to ESMA seeks to consolidate regulatory authority under a single European body to foster a more unified and competitive capital markets environment. By expanding ESMA’s jurisdiction to include cryptocurrency exchanges, stock markets, and crypto…

Dogecoin is experiencing considerable pressure, with November being a particularly challenging month for the popular meme cryptocurrency. The token is currently trading near $0.18, having dropped 27% from its monthly high, although it briefly recovered by 1.2%. The market information suggests a fundamental shift in the behavior of holders, which is likely to drive prices downward.Long-Term Wallets Reverse CourseThe on-chain indicators suggest a significant shift in the sentiment of experienced DOGE holders. The Hodler Net Position Change indicator registered a significant shift on October 31, as it changed its course of action by recording a negative figure of an 8.2 million DOGE inflow and a 22 million DOGE outflow in one day. This 36%  behavioral turnaround is the largest in recent weeks, as depicted by Glassnode.Source: GlassnodeThese long-term wallets have traditionally been stable when the market is unstable. Their selling behavior currently indicates a lack of confidence in short-term price movements. The fact that liquidating positions is initiated by holders who have shown patience before is usually an indicator of worsening market conditions. The ongoing exudations cause more selling pressure, which might be unable to be accommodated by current support levels.Cost basis analysis suggests that the range between $0.177 and $0.179 is the main line of defense that DOGE has. The 3.78 billion tokens that last changed hands within this zone constitute the strongest accumulation area of tokens in the short term. This level has resisted pullbacks since the beginning of October.Source: GlassnodeThis buffer is, however, undermined by the rising mass of tokens being transferred by long-term holders. The support may break down in case the selling becomes more intense. Below $0.17, there is little buying interest until a range of $ 0.14, which creates a void in buying power that may trigger an accelerating downward trend.Death Cross Formation Confirms Bearish StructureTechnical signals indicate a greater weight on the downside. The current downtrend was started by the 50-day exponential moving average crossing the 200-day EMA towards the end of October. The 100-day EMA is approaching a bearish crossover with the 200-day EMA, marking a second death cross that was previously formed.Source: TradingViewThis trend typically leads to prolonged downturns and represents long-term vulnerability across various periods. The consecutive death crosses formed enhance the argument of further selling pressure. The bearish technical structure is likely to persist unless it is accompanied by significant buying volume.DOGE is already resisting at the near-term levels of $0.20 and $0.21. The token has not been able to break above $0.21 since mid-October, and significant demand would be required. The downside risk is high until buyers exert control that is above these levels.