Zebec Network’s Upcoming Address at the House of Lords
On July 7, 2025, Zebec Network revealed that its Chief Operating Officer, Simon Babakhani, and Head of Mergers and Acquisitions, Neal Padhye, have been invited to speak at the British Parliament’s House of Lords. Their presentation will cover critical topics such as compliance, whistleblower protections, and blockchain regulation. This invitation underscores the growing recognition of blockchain technologies and the importance of regulatory discussions in the UK.
Market Response to the Announcement
Following the announcement, the price of Zebec Network’s token (ZBCN) experienced a notable increase. The token’s value rose from an opening price of $0.0027243 to an intraday high of $0.0030977 by July 9, marking a 13% surge. This movement brought the price close to the upper trendline of a falling wedge formation that has been developing since late May on the 4-hour chart. The rally was supported by strong trading volume, lending credibility to the bullish breakout setup as price action tightens into the apex of the wedge.
As of now, ZBCN is trading at $0.0029. If the price holds above the recent higher low near $0.0024 and breaks above the wedge resistance (around $0.0031), it could confirm a breakout pattern. The first bullish target on a confirmed breakout lies at around $0.0035-$0.0040, where the price was rejected repeatedly on previous attempts in late June to early July. This area now acts as a critical supply zone and potential profit-taking region for short-term traders.
A sustained move above $0.0040 could open the door for further upside toward $0.0046–$0.0050, aligning with the previous swing highs. However, failure to break above the wedge resistance would likely keep the price compressing within the pattern. The wedge setup would be invalidated if ZBCN price falls below its lower trendline, shifting into a potential bearish continuation within a descending channel.
Broader Implications for Blockchain Regulation
The invitation for Zebec Network to speak at the House of Lords highlights the increasing interest of UK regulators in understanding and potentially integrating blockchain technologies into the financial system. This engagement could pave the way for more comprehensive and informed regulatory frameworks that balance innovation with consumer protection.
In recent years, the UK has been actively discussing the regulation of digital platforms and technologies. For instance, the House of Lords Communications Committee’s “Regulating in a Digital World” report called for the establishment of a “Digital Authority” to coordinate the regulation of online platforms. This proposed authority would oversee various aspects of the digital landscape, ensuring that rights are protected online as they are offline. (pressgazette.co.uk)
Conclusion
Zebec Network’s upcoming address at the UK House of Lords marks a significant milestone for the project and the broader blockchain industry. The positive market response reflects investor optimism about the potential for constructive regulatory discussions and the growing acceptance of blockchain technologies in mainstream financial systems. As the date approaches, stakeholders will be keenly watching for insights from the presentation and any subsequent regulatory developments in the UK.