⇗ NOT Coin- Riding Sideways or Primed for Breakout Amid Market Swirls?
Current market situations include Michael Saylor dismissing Trump coin as a non-threat to Bitcoin while a whale is speculated to be unloading...
The crypto space is a whirlwind of news, businesses, and individuals - each contributing its own piece to the ever-evolving landscape. Lately, the focus has been turned towards the nature and value of Meme Coins, highlighted by the Securities and Exchange Commission (SEC) declaring that these coins are not securities.
Major players over the globe have shifted their stance towards cryptocurrency. U.K's Treasury Secretary dismissed the idea of a national Bitcoin Reserve, while BlackRock discusses Bitcoin as a strategic asset that is too risky to avoid. Regardless of strong institutional inflows predicted by Blackrock, the Bitcoin ecosystem faces the fear of being 'decoupled' and the fact that short-term holders are not yet selling.
'Not coin' is a term that has stirred curiosity in the crypto panorama. The instability of its price has not deterred a strong following; predictions for 2025 suggest improvement. In addition to financial aspects, aspects like trust, and not size, have been identified by the CEO of Concordium as being key to the success of cryptos. Importantly, the idea of Meme coins not being securities has been backed up by Musk, comparing them to a casino.
On the note of Meme Coins, the SEC clarified its stance: most are not subject to securities regulation, dampening their contribution to wealth creation. Further curiosities in the crypto space include Trump’s launch of a Meme Coin, $Trump days before moving back to the White House, raising questions about ethics, given the amount of money made via trading fees at the expense of smaller traders.
Bitcoin mining is reportedly no longer profitable, and Trump has denied becoming an overnight crypto billionaire.
NOT Coin News Analytics from Tue, 20 Aug 2024 07:00:00 GMT to Wed, 07 May 2025 08:35:10 GMT - Rating 0 - Innovation -2 - Information 6 - Rumor -4