🚨 How Will the SEC’s Increased Pressure on Crypto Impact Prices?"

Author

CoinGape Media
September 14, 2024

News

The United States Securities and Exchange Commission has expanded the list of tokens it classifies as securities.

The United States Securities and Exchange Commission (SEC) has included additional tokens in its securities classification in the Binance lawsuit. Some of the crypto assets include Axie Infinity (AXS), Filecoin (FIL) Decentraland (MANA), etc. The Commission continues its regulatory onslaught on the crypto market citing investor protection.

Vitalik Buterin has indicated that Ethereum could consider imposing a Harberger tax on layer 2 blockchains to ensure economic balance.

Vitalik Buterin suggested that Ethereum could consider implementing a Harberger tax on layer 2 blockchains. However, he highlighted how this could pose a challenge for these L2. As such, he proposed another alternative that could work better for these networks.

Binance warns of ongoing malware threats, enhancing security to safeguard transactions and user assets from crypto scams

Binance has issued a warning about an ongoing malware threat that manipulates cryptocurrency withdrawal addresses, posing significant financial risks to users. The exchange has observed an increase in such malicious activities, prompting a robust response to safeguard user transactions.

Markets

BTC price breaks above $60K, while Altcoins mimic an uptrend. CKB rockets over 50% leading market gains.

The broader market’s movement sparked considerable investor optimism on Saturday, embarking upon a bullish trajectory. Bitcoin (BTC) price pumped hard, topping the $60K mark, whereas Ethereum (ETH) crossed $2,400. Simultaneously, Solana (SOL) and XRP prices traded dominantly in the green territory, with Nervos Network (CKB) leading the market’s gains.

As BTC price topped $60K, 7 dormant Bitcoin whale wallets became active to take profits. Other whale transactions spark speculations.

Against the backdrop of a bullish price trajectory taken by BTC on Saturday, Bitcoin whales have once again nabbed considerable investor attention. 7 dormant wallets belonging to a whale revived after nearly 1 year of dormancy as BTC topped $60K recently, per on-chain data in the market. This saga has garnered significant investor attention to the flagship crypto.

Uncover significant potential for high returns with strategic investments in Ethereum tokens, revealing insights for informed portfolio diversification.

The Ethereum tokens landscape is brimming with potential, especially with assets like Shiba Inu (SHIB), Pepe (PEPE), Arbitrum (ARB), Render (RNDER), and Ondo (ONDO). These tokens could turn a $1000 investment into $10000, providing diverse opportunities for portfolio growth. Each offers unique prospects in the vibrant Ethereum ecosystem.