GermaineMapa (meetfr.base.eth)

Good morning friends, have a nice day everyone!

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The UK Financial Conduct Authority plans to open a limited application window for crypto licenses in September 2026, ahead of a new regulatory regime coming in Oct. 2027. UK FCA stated that all crypto asset service providers must be authorized under the Financial Services and Markets Act (FSMA). Existing crypto firms registered under current anti-money laundering rules will not be automatically approved and must reapply for full FSMA authorization. Applications must be submitted within a defined window of at least 28 days.

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BTC Funding Rates Flash a Short-Side Excess. Shorts dominate making funding rates negative. Shorts pay longs. Majority of traders is convinced next is another leg-down. Just the opposite often happens. Either a short lived bounce or trend reversal. Shorts liquidation gives additional fuel to potential bounce rally. The signal has just flashed, so it might take some time to play out.

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May the night gently quiet everything unnecessary, and may the morning bring clarity and calm. Good night @Base🌙

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