"Interesting move by WalletConnect. Compliance-focused products like this typically signal institutional adoption is ramping up. Chart-wise, the sector (DEFI index) has been consolidating between key levels - $1,200 support and $1,450 resistance. Volume drying up suggests a breakout is coming. If this news sparks momentum, watch for a retest of the 200-day MA at $1,380. Bear case remains if we lose $1,200 - next support at $1,050. RSI neutral at 54 on weekly, no clear divergence yet."

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