Two major songs dominated the cryptography news this week: the prices of fallen assets and the official end of the official “mania” of the SEC.
In the first: Bitcoin, which constantly increased from approximately $ 70,000 after the November elections, fell precipitously. At the beginning of the hours on February 28, the price had dropped below $ 80,000. The Coendesk market index, which tracks the broader digital asset market, has fallen by 12% in the last five days.
The editor of the Coindesk markets, Omkar Godbole, analyzed the daily pricing action, tracking the ETF outings, historical analogies and macro correlations.
In the regulatory front, the SEC eliminated the main cases against Unisswap, Coinbase and Metamk (consensys). He also sought to end a case of fraud against Tron and Justin Sun. Our Nik de, Jesse Hamilton and Cheyenne Ligon were in all the news, as usual. Meanwhile, it seems that the SEC will not treat Memecoins as values, Ligon reported.
Stablecoins was another great issue, as the emerging ones argued on the parameters of a new law that covers the most commonly used form of digital assets. Jeremy Allaire, co -founder and CEO of Stablecoin Emier Circle, said that Stablecoin emitters backed by USD must be obliged to register in the US. UU., In a clear inclination in the largest rival of Circle, Tether (Camomile Regulatory Reporter Camomile Shumba). Meanwhile, Bank of America said he planned to launch his own Stablecoin, Helene Braun wrote.
In other important news, Ian Allison reported exclusively that Bitmex, an OG negotiation platform, was on sale. Bybit approved the fault of his Hack of $ 1.5 billion (Oliver Knight reported). The executive director of the Ethereum Foundation, Aya Miyaguchi, said he was renouncing (Margaux Nijkerk had the news). And, Sam Reynolds explained how investors in Continental China could soon obtain access to Bitcoin.
It is likely that all these stories meet next week, since Crypto continues to provide a lot to write. I kept in tune for our continuous reports. Happy weekend.
