jamineb95

@jamineb95

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Weekend crypto markets saw muted activity with trading volume plunging significantly. Bitcoin dropped below the critical $95K support level, triggering widespread panic. Altcoins followed with sharp declines across the board. The Fear & Greed Index nosedived from 64 to 52, reflecting a rapid shift from optimism to fear among investors.

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This is because crypto legislation is built with a “long term” perspective, not just based on recent events, he told Cointelegraph.

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The chances of the CFTC regulating memecoins likely will depend on how the broader regulatory framework for digital assets plays out, Davis suggested.

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Previously, former CFTC Chair Chris Giancarlo blamed the Securities and Exchange Commission (SEC) for the disorder in the memecoin market, while the SEC’s crypto task force head, Hester Peirce, later declared that memecoins fall outside of the agency’s purview.

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Eliza Labs founder Shaw Walters was another recent victim of a social media hack. The hacker took control of Walters’ X account and began posting scam links.

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https://warpcast.com/browncathy7611/0x50182ae9

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Trading volume reached $439 billion in the fourth quarter, beating estimates of $404 billion.

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Coinbase’s Feb. 13 financial results show the firm hit total revenue of $2.3 billion, up 88% quarter-on-quarter, while net income was $1.3 billion, both far exceeding analyst expectations.

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Coinbase posted its strongest quarter of earnings in over a year in Q4, as crypto prices and trading surged after the election of US President Donald Trump.

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GameStop is also considered the first example of meme stock success after a short squeeze in 2021 that sent the stock surging over 1,000% in a month as traders flipped the table on hedge funds that had been making money shorting on the company.

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It launched an NFT marketplace, which was also eventually shuttered in January 2024, due to similar concerns about regulatory uncertainty.

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The SEC argued that Kraken failed to provide proper risk disclosure to staking clients, who relinquish control of their staked tokens to validators to earn rewards.

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In February 2023, the SEC launched a probe into Kraken for allegedly violating US securities laws by failing to register its staking service with the government agency.

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The return of staking services is another signal of the improved regulatory climate under new SEC leadership in the United States.

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Kraken was among the first crypto exchanges to provide staking services to customers, which it began offering in 2019. The exchange agreed to stop providing the services in February 2023 as part of a $30 million settlement with the SEC.

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Crypto exchange Kraken has resumed staking services for US clients for the first time in nearly two years. Customers’ ability to stake had been paused since 2023, when the exchange reached a multimillion-dollar settlement with the Securities and Exchange Commission over the services.

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Circle’s USDC has been gaining against USDT since December amid questions surrounding Tether’s compliance with Markets in Crypto-Assets (MiCA), the European Union’s regulatory framework designed to standardize and regulate the crypto market.

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At a market capitalization of approximately $50 billion, USDC is the second most popular stablecoin after USDt, which has a market capitalization of around $140 billion as of Jan. 30, according to CoinGecko.

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Trump’s eponymous token briefly broke $80 billion in fully diluted value (FDV) within a day of launching. It later retraced and traded at an FDV of around $26 billion as of Jan. 30, according to data from CoinMarketCap.

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The memecoin launches brought significant trading volume to Solana, reportedly causing congestion on the network. Moonshot, the platform Trump pointed his followers to for purchasing the memecoin, reported more than 200,000 new users had come onchain since the token launched.

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