ajnesac

@ajnesac

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First time in New Zealand. The scenery is absolutely breathtaking everywhere. Photos don’t do it justice.

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“So Tether will likely be outlawed or treated differently compared to other US stablecoins. They are lobbying for this,” one commentator wrote.

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On Feb. 25, onchain data confirmed that Bybit had returned the borrowed 40,000 ETH to Bitget. The repayment was later verified by Bitget CEO Gracy Chen, who emphasized that the loan was extended without interest or collateral:

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Following the hack, the value of Bybit’s total assets fell by over $5.3 billion, including the $1.4 billion lost to the hack, DefiLlama data shows.

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“The US Department of Justice should get better tools and increase its resources in order to bring down the most egregious forms of wire fraud, money laundering and market manipulation,” he said, adding:

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Although no specific legal framework currently exists for memecoins, that does not mean criminal misuse cannot or should not be prosecuted, The Coin Bureau’s Puckrin told Cointelegraph.

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According to an analysis by the financial trading portal Traders Union, most global jurisdictions have yet to establish specific guidelines for the memecoin industry, currently leaving it in a legal gray area.

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“For the most part, they [memecoins] are commodities. As such, any activities involving fraud, manipulation or abuse are illegal under current statute,” Perkins wrote on X Feb. 18.

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On the other hand, some industry executives like Christopher Perkins — CoinFund president and former CFTC member — say that memecoins are “one of the few crypto assets that currently enjoy regulatory clarity.”

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“Instead of helping the crypto industry navigate the complex regulatory environment by issuing no-action letters, creating new rules and exceptions, Gensler engaged in politically-motivated attacks and unfair prosecutions against the crypto industry’s best actors,” Rynes stated.

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Stargate won’t be funded by government handouts but will instead be led by equity investors OpenAI, SoftBank and Oracle. SoftBank CEO Masayoshi Son said $100 billion would be invested immediately.

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One day after his inauguration, President Trump announced a $500 billion AI infrastructure investment called Stargate, with plans to build artificial intelligence data centers across the United States.

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Crypto ETFs have become a massive business, led by the resounding success of spot Bitcoin funds. As Bitwise chief investment officer Matt Hougan noted, Bitcoin was the most successful US ETF launch of all time.

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Memecoin-based ETFs would have seemed highly unlikely when Gary Gensler headed the US Securities and Exchange Commission (SEC). Now, with Gensler relegated to the “waste bin of Washington,” according to GOP Representative Tom Emmer, asset managers are anticipating a green light from regulators.

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The Trump memecoin frenzy may have prompted US asset managers Osprey Funds and Rex Shares to submit applications for new crypto exchange-traded funds (ETFs).

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The acquisitions are significant because they further cement President Trump’s involvement in the crypto sector. It’s not just about memes, apparently.

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While World Liberty didn’t disclose the motivation behind its purchase, Trump’s son Eric hinted that big plans are in store. “Wait until you see what they do tomorrow,” Eric Trump wrote on Jan. 20, referring to World Liberty Financial. However, so far, no plans have been announced.

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Shortly after the launch of TRUMP, First Lady Melania Trump minted her own memecoin, which attracted about 500,000 users within hours.

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For his part, Trump apparently didn’t know much about the project. “I don’t know where it is. I don’t know much about it other than I launched it, other than it was very successful,” Trump said in response to a reporter’s question.

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The launch of TRUMP pushed new Solana addresses to an all-time high, according to Glassnode data tracked by custody platform Copper.co.

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