MAROKO133 Breaking crypto: EU Pushes to Hand All Crypto Oversight to ESMA, Undermining MiC

📌 MAROKO133 Breaking crypto: EU Pushes to Hand All Crypto Oversight to ESMA, Under

The European Commission is pushing for a major shake-up of Europe’s crypto rulebook, proposing that the European Securities and Markets Authority (ESMA) become the direct supervisor of every crypto firm operating in the bloc.

The plan, outlined in draft documents circulated ahead of an expected announcement next month, would mark a sharp departure from the oversight model laid out under the EU’s flagship Markets in Crypto-Assets (MiCA) framework, Bloomberg reported on Friday.

Brussels Plan Would Shift MiCA Approvals From National Watchdogs to ESMA

Under MiCA, crypto companies must secure authorization in one EU member state before offering services across the bloc through “passporting.”

National regulators spent years preparing for this structure, with the full implementation window set to close next year.

Brussels’ new proposal, however, would shift much of that authority to ESMA, including the power to approve new entrants.

The Commission’s draft says ESMA could delegate some tasks back to national authorities, but the overall shift would significantly dilute their role.

Any change would also require approval from both the European Parliament and the Council. Officials declined to comment on the ongoing discussions.

Industry groups warn the move risks destabilizing the regulatory environment just as MiCA is being rolled out.

“Reopening MiCA at this stage would introduce legal uncertainty, risk delaying the authorization process, and divert attention and resources from the practical task of consistent implementation,” Robert Kopitsch, secretary general of Blockchain for Europe, told Bloomberg.

He noted that national watchdogs maintain tighter daily contact with firms, something ESMA cannot easily replicate.

Kopitsch added that any future push toward a centralized model should come only after “concrete experience and evidence gathered from MiCA’s first years of implementation.”

Others echoed concerns about the timing. Andrew Whitworth, founder of Global Policy Ltd., said crypto markets could serve as a useful testbed for a more centralized regime, but shifting responsibility now would be disruptive.

ESMA, he added, would need a major boost in resources to take on the workload currently held by national supervisors.

France Leads EU Push to Expand ESMA Powers Amid Member-State Pushback

Last month, France urged the European Union to give ESMA direct authority over major cryptocurrency firms operating across the bloc.

At the time, Bank of France Governor François Villeroy de Galhau said the move would ensure consistent supervision and enforcement of crypto regulations under the MiCA framework.

He warned that the current system, which allows companies to obtain licenses from individual member states and “passport” them across the EU, risks regulatory loopholes and uneven oversight.

ESMA Chair Verena Ross hinted earlier this year that centralized oversight may ultimately be more efficient.

With 27 national regulators preparing separately for MiCA, she said, “there is still a period where you could say: does it make more sense — for efficiency and for having the cross-border view — to do it in a central point?”

In July, ESMA also raised concerns about Malta’s crypto licensing process, following a peer review of the Malta Financial Services Authority (MFSA).

The post EU Pushes to Hand All Crypto Oversight to ESMA, Undermining MiCA appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Breaking crypto: Bitcoin Price Prediction: BTC Drops Under $100K – Is

Bitcoin has fallen back below $95,000, breaking to its weakest level since May. It’s raising concerns that a deeper downturn may be unfolding. The downtrend extends a month-long loss of momentum that began shortly after October’s all-time high. It’s leaving BTC around 20% lower and forcing traders to reassess the durability of the recent bull cycle.

With rate policy uncertainty intensifying and a rare U.S. data blackout clouding market visibility, the stakes heading into December are higher than at any point this year.

Economic Data Gap Fuels Market Stress

The latest shock came as analysts warned that several key U.S. economic releases for October may not be published at all following the prolonged government shutdown. The absence of core metrics, including CPI, jobs data, and consumer trends, has left the Federal Reserve with limited visibility ahead of its December policy meeting.

Nic Puckrin, co-founder of The Coin Bureau, described the situation as a “black hole in the data pipeline,” noting that policymakers are being forced to navigate sensitive economic conditions with far less information than usual.

The Fed resumed its rate-cut cycle in September, delivering two reductions but keeping the door open for further adjustments. Yet traders now see only a 50% chance of another cut next month, according to CME FedWatch, down sharply from earlier in the week.

Concerns deepened after Goldman Sachs suggested the U.S. might have experienced the largest monthly decline in employment since 2020, a risk that is difficult to verify without official reports. As uncertainty grows, investors have shifted toward safety, pressuring high-beta assets like Bitcoin.

Market Sentiment Turns Defensive

Crypto markets have responded swiftly to the deteriorating macro picture. The widely-tracked Fear & Greed Index slid to 22, its lowest reading since April, signaling growing anxiety across digital assets.

Analysts note that Bitcoin’s decoupling from recent rallies in equities and precious metals may indicate deeper risk aversion.

Key sentiment pressures include:

• Rising uncertainty over Fed policy direction
• Weak visibility on U.S. inflation and labor trends
• Slowing liquidity inflows into digital assets
• Declining volatility, often a precursor to sharp directional moves

Bitcoin (BTC/USD) Technical Outlook: BTC Approaches a Decision Zone

Bitcoin’s daily chart shows a clean break below the long-term ascending trendline, shifting the structure into a developing downtrend. A rejection candle at $99,000 underscored seller control, while price now hovers above a critical liquidity band between $94,500 and $92,000.

The RSI rests near 31, showing pressure but not a confirmed bottom. Price action resembles a classic “break-and-retest” pattern: BTC pierced support, attempted to reclaim it, and failed—often a precursor to extended downside.

A further rejection at $97,000–$99,000 would likely expose $91,600, followed by a deeper move toward $83,000, a major volume node from earlier in the cycle.

A bullish reversal remains possible if buyers reclaim $99,000 with a decisive candle close. That would open a recovery path toward $104,600, then $116,200.

As volatility compresses, the next breakout—up or down—may define the tone for December trading and set the stage for early-cycle accumulation ahead of the next expansion phase.

Bitcoin Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is bringing a new phase to the Bitcoin ecosystem. While BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level speed.

Built as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance framework. The result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the project emphasizes trust and scalability as adoption builds. And momentum is already strong. The presale has surpassed $27 million, with tokens priced at just $0.013265 before the next increase.

As Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun again.

Click Here to Participate in the Presale

The post Bitcoin Price Prediction: BTC Drops Under $100K – Is This the Start of the Crash Everyone’s Feared? appeared first on Cryptonews.

🔗 Sumber: cryptonews.com