SEC Reignites Ethereum Debate Yet Again: Security or Not? ⚖

💥 MORE: Cardano Stablecoin Depegs... Upward? USDM Surges 400%

March 22, 2024

Buckle up!

The SEC is poking the Ethereum bear once again, mulling over whether ETH should be slapped with the "security" label or keep it as a commodity.

There’s obviously a huge debate going on, and people are taking sides:
🥊 Heavy hitters like Coinbase's legal chief and Congressman Patrick McHenry oppose the SEC's latest move. Others, such as Samson Mow, support the SEC’s view and are sure Ethereum is a security.

But things will get interesting with Blackrock’s ETH ETF application and its almost 100% approval rate. 🤐

In other news:

🚫🔍 Coinbase's decision to exclude XRP from its new futures trading offerings has ignited controversy among the XRP community.

With good reason, the ongoing SEC lawsuit against Ripple is speculated to be the main reason for being more cautious.

But still, market fairness and the criteria exchanges frequently use to select cryptocurrencies for futures trading are now being questioned.


👾🐥 Another contender enters the memecoin game: Polkadot.

With the launch of $PINK, Polkadot seeks to capitalize on the memecoin hype and revive its community after a few years of silence with this interesting strategy.

As Darwin once said:
“It is not the strongest of the species that survives, not the most intelligent that survives. It is the one that is the most adaptable to change.”

🚀 Cardano's first fiat-backed stablecoin, USDM, experienced an unexpected depeg, but up.

USDM skyrocketed by 400% due to overwhelming demand and speculative trading. Even Mehen, the issuer, cautioned users against buying their own stablecoin at inflated prices, highlighting challenges in maintaining stability and trust in the early stages of a stablecoin's life cycle.

The cost of fame.

DailyCoin Daily Meme

Gracy Chen Continues to Champion Gender Equality in Crypto, This Time Taking the Charge to the U.N.

Bitget Managing Director Gracy Chen attended the 68th annual Commission on the Status of Women, advocating for gender balance and equality.

Dogecoin and Coinbase Derivatives Make an Unexpected Pairing in This Upcoming Futures Listing

Coinbase has set off a wave of optimism among DOGE custodians: the top dog memecoin is due for a quick debut in Derivatives markets.

TICKER Presale Ends in Scam: “Jolan Sold 13% of the Supply for $900K Rugging Everyone Supporting the Project”

The TICKER presale event ended in a “rug-pull” scam after a French developer sold 13% of the token’s supply for $900,000. Read more on DailyCoin.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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