NOT Coin, a fresh entrant in the cryptocurrency market, is witnessing quite a buzz, perhaps due to its Telegram-based gaming roots. The crypto-world seems to abuzz with meme coins with investors preferring the likes of Solana over the famous Dogecoin. The
SEC has clarified that meme coins do not qualify as securities, further stirring up the market. This category also includes the Trump meme coin. Experts caution however that, with their volatile nature, meme coins don't really create wealth, but conversely, stand to destroy it. Traditional banks have been discouraged by Coinbase CEO, Brian Armstrong, from launching their own stablecoins, proposing USDC as a viable option instead. Amidst all this, global demand for gold bars and coins rose in Q1, conspicuously lacking in the U.S.
Bitcoin is no longer perceived worth mining, and its price rallies don't seem to follow old patterns, suggesting new trends in the market. It was also seen that a statutory bitcoin reserve established saw Bitcoin prices plunge. As the popularity of meme coins increases, penny minting is being considered a wasteful exercise by some, like Former President Trump. Regulatory bodies like the SEC continue to delve into the workings and regulations of meme coins. These events signify a large shift in perception, with more focus on digital assets than traditional ones.
NOT Coin News Analytics from Tue, 20 Aug 2024 07:00:00 GMT to Wed, 14 May 2025 10:30:22 GMT -
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