“Plus: Bybit Fallout, Stablecoin Wrangling, Ethereum Foundation Changes.”, – WRITE: www.coindesk.com
On the Former: Bitcoin, Which Rose Steadily from About $ 70,000 Following November’s Election, Fell Precipitously. In Early-Hours Feb. 28, The Price Had Dipped Below $ 80,000. Coindesk’s Market Index, Which Tracks The Broader Digital Assets Market, Has Fallen 12% in the Last Five Days.
Coindesk’s Markets Editor Omkar Godbole Analyzed the Daily Price Action, Tracing etf Outflows, Historical Analogies, and Macro Correlations.
On the Regulatory Front, The Sec Droped Major Cases Against Uniswap, Coinbase, and Metamask (Consensys). IT ALSO SOUGHT TO END A FRAUD CASE AGAINST TRON AND JUSTIN SUN. Our Regulatory Team of Nik, Jesse Hamilton and Cheyenne Ligon Were All Over The News, As Usual. Meanwhile, IT Looks Like The Sec Will Not Be Treating Memecoins As Securities, Ligon Reported.
Stablecoins Were Another Big Theme, Asusuers Argued Over the Parameters of A New Law Covering the MOST USED FORM OF DIGITAL Assets. Jeremy Allaire, Co-Funder and CEO OF STABLECOIN ISSUER CIRCLE, SAID USD-Backed Stablecoin Issuers Should Be Required to Register in Inno Reporter Camomile Shumba Had that). Meanwhile, Bank of America SAID IT PLANNED TO LAUNCH ITS OWN Stablecoin, Helene Braun Wrote.
ALL THESE SERIES LOOKED LIKELY to RUN INTO NEXT Week’s Coverage As Crypto Continues to Provide Plenty to Write About. Stayed Tuned For Our Continuing Reporting. Happy Weekend.
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