Seemalalikhithreddy (llikhith)

Seemalalikhithreddy

Web3 researcher | 🛠️ Exploring L2s, DeFi and markets.

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⚖️ SEC May Reconsider Lawsuit Against Consensys According to FOX, the SEC is considering revising its lawsuit against Consensys. The regulator previously accused the company of illegal brokerage activities related to staking in MetaMask. However, last week, the SEC dropped a similar case against Coinbase. This raises the possibility that Consensys may also avoid further legal action.

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🧪 This is one of the clearest bullish setups we’ve seen in years: — BTC near all-time highs — Retail interest near all-time lows — ETH/BTC broke a 3-year downtrend — Altcoin index bounced off range lows

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The market is treading water, with most coins turning green. BTC is now trading around $59 550, ETH is trading around $2 600 📊The key stats for 24h: 🖤Market capitalization: $2.20T +0.70% 🖤BTC Domination: 57.37% -0.02% 🖤Trading volume - $21.76B +5.98% 🖤Longs/Shorts - 50.7% / 49.3% 🖤Fear and Greed Index: 31

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🧪 Sonic $S is currently testing support at 0.50 If this level fails to hold, the 0.40 zone becomes the next key target. Watching closely for price reaction here — could be a bounce for a long, or a breakdown toward 0.40 for a short.

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