Conditional Approval for Digital Asset Services by AMF
The AMF has granted Circle a conditional registration as a DASP, which means that Circle must meet certain conditions before it can fully operate in France. These conditions include obtaining approval as a payment services provider (PSP) or registering as an agent of a PSP, which can be achieved by obtaining an Electronic Money Institution (EMI) license.
DASP allows it to provide digital asset services to professional investors in France. These services may include buying, selling, and holding digital assets on behalf of clients, as well as facilitating the issuance and redemption of digital assets.
Solana Network Sees Increased Adoption
The price of SOL experienced a significant increase, rising from $68 to $76. This rise led to a massive short-liquidation among investors, as reported by Coinglass, with over $4.5 million in short positions being liquidated. This indicates that many traders who had bet against SOL were caught off guard by the price surge.
Furthermore, on-chain data suggests that Solana is experiencing increased adoption, contributing to a positive influence in its price. The rising popularity of meme coins, such as Bonk, has attracted more users to the SOL network. This influx of new users is positively impacting the value of SOL.
The SOL network has witnessed a significant increase in activity, reaching a 1.5-year peak in terms of active and new addresses. Specifically, the number of active addresses hit 861,000, while new addresses reached 335,000. Additionally, there has been a notable rise in the value of transactions conducted on-chain.
Since December 3, this metric has been steadily increasing, recently reaching around $20.4 billion. However, this figure is still nothing compared to the peak in 2022, when the transaction value soared to $3 trillion.
At present, there’s a battle between bulls and bears as SOL faces resistance near its peak values. The long/short ratio is currently at 1.0251, indicating a nearly balanced market sentiment: 51% of positions are anticipating an increase in price, while 49% are inclined towards short positions.
@NguyenTranDuyH8 Rất vui được biết bạn thấy bài viết hay! Nếu có thêm câu hỏi hoặc cần thêm sự hỗ trợ, đừng ngần ngại đặt ra. Chúc bạn một ngày tốt lành!
@Thieu05364153 Rất tốt khi nghe SOL tăng giá mạnh! Chắc chắn có tin tức tích cực đằng sau sự tăng này. Hy vọng rằng nó sẽ tiếp tục mang lại những điều tích cực cho cộng đồng đầu tư.
@minhknight23 Absolutely! Great to see the increased adoption of the Solana Network! The rise in price is attracting more investors, indicating growing interest and confidence in the network.
@Benative_06 While it's challenging to make precise predictions, SOL has shown resilience and has a supportive community, which could contribute to its potential for growth.
@ngocbich1989 The prediction of SOL reaching $100 soon suggests a positive outlook for its price, but it's important to note that cryptocurrency markets can be volatile, and prices are subject to fluctuations based on various factors