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The European Commission is considering a Securities and Exchange Commission (SEC)-style regulator by giving the European Securities and Markets Authority (ESMA) direct oversight of stock and crypto exchanges. According to a Financial Times report that cited people familiar with the matter, an upcoming draft proposal that is expected by December would expand ESMA’s powers to supervise stock and crypto exchange platforms, crypto asset service providers, and other trading-focused infrastructure. It would expand ESMA’s jurisdiction to grant it authority to resolve disputes between asset managers. ESMA Chair Verena Ross said the upcoming proposal seeks to address “continued fragmentations in markets” and create a unified capital market across Europe. She confirmed last month that the commission plans to transfer oversight of the financial sector from national regulators to the ESMA.   🔵 2026 is set to be a year of simplification, strengthened supervi...

With the much-anticipated Bitcoin (BTC) rally for October failing to materialize, attention has shifted to how the asset will perform in November. Indeed, Bitcoin experienced significant volatility throughout October, ultimately ending the month just slightly above the $110,000 support zone.  Despite this mixed performance, artificial intelligence insights from ChatGPT suggest that the asset is likely to post moderate gains through November, potentially reclaiming the $120,000 resistance level. Overall, at press time, Bitcoin was trading at $110,071, showing signs of stabilization after a 3.6% decline in October. The market has been consolidating above key support levels between $107,000 and $109,000, with traders defending the zone amid neutral-to-bullish momentum indicators. Bitcoin seven-day price chart. Source: Finbold Regarding the price outlook, ChatGPT Analysis suggests that Bitcoin’s short-term direction will depend on whether it can break past the...