sBTC, a new Bitcoin-backed asset, has officially launched on the Stacks mainnet, paving the way for Bitcoin’s full participation in decentralized finance. This launch enables Bitcoin liquidity for various DeFi
CyberKongz, a gaming-based NFT project, has been issued a Wells Notice by the U.S. Securities and Exchange Commission, raising concerns over its ERC-20 token and blockchain game integration, indicating a potential legal battle might be in the cards.
CyberKongz, a gaming-based NFT project, has been issued a Wells Notice by the U.S. Securities and Exchange Commission, raising concerns over its ERC-20 token and blockchain game integration, indicating a potential legal battle might be in the cards. The team said they were “extremely disappointed at the approach the SEC has taken” on X post on Dec. 16, referring to the Well’s notice, a formal SEC warning of potential enforcement. They also pledged to fight back, arguing the result could have major consequences for the web3 gaming and NFT sectors. The SEC has expressed some concern with CyberKongz’s pairing of its ERC-20 token with its blockchain-based game. The SEC’s Division of Enforcement argues in CyberKongz’s case that this setup constitutes a security that has to be registered, much like the stance it took against Ripple . This position, the project argued, highlights a failure to understand blockchain technologies and would create a dangerous precedent across the entire web3 gaming industry. CyberKongz has received a Wells Notice from the SEC. We are extremely disappointed at the approach the SEC has taken towards us, but we are going to stand up and fight for a brighter future that holds more clarity for NFT projects. We have been suffering in silence for the last… pic.twitter.com/lc6hyzUPb0 — CyberKongz (@CyberKongz) December 16, 2024 The SEC’s concerns relate to its view that the 2021 Genesis Kongz contract migration was a primary sale. CyberKongz said this was a baffling interpretation of smart contracts and accused the regulator of failing to make a distinction between technical processes versus actual token sales. You might also like: Bitcoin is “under-exposed” to corporate adoption, says VanEck’s Matthew Sigel CyberKongz stated that its team has been under the microscope for the past 2 years and has suffered in silence during this period. With a small team and no prior capital raises or massive treasuries, the project will now try to challenge the SEC’s position to push for clearer rules in the digital asset space. The statement also sought to blame the current administration, claiming its “anti-crypto agenda” had harmed the entire blockchain industry, and expressed hope for a new direction under the next administration. CyberKongz also voiced solidarity with industry leaders, including Brian Armstrong of Coinbase , Devin Finzer of OpenSea , and Hayden Adams of Uniswap Labs , who are also facing regulatory pressure from the SEC. You might also like: SEC Commissioner urges to reform crypto industry regulation “It has become increasingly apparent that the current administration is trying to force their anti-crypto agenda at the last minute. We hope that the new administration puts an end to this unjustness.” CyberKongz on X. By treating tokens as securities, the SEC seeks to subject them to stricter regulatory scrutiny and compliance with existing financial regulations, making it mandatory for projects to register and provide disclosures akin to those of traditional financial instruments. Critics say this approach suppresses innovation and overlooks the decentralized nature of blockchain technologies. Read more: UK to ban public crypto offers in incisive new regulatory climate
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Best Meme Coins with 100x Potential: BTFD Coin Raises an Insane $4M as Notcoin Launches ‘Earn’ While Gigachad Gets on Bitunix The meme coin universe is hotter than ever, with projects pulling out all the stops to stand out in a crowded space. From presale heroes smashing milestones to coins launching groundbreaking features, it’s clear the meme coin trend isn’t slowing down anytime soon. If you’re on the hunt for the best meme coins with 100x potential, this article has got you covered. Let’s start with the showstopper— BTFD Coin. This meme coin raised a jaw-dropping $4 million in presale funds, selling over 55 billion coins and gaining a massive 5,600+ holders. With a price of just $0.00013 in its 12th presale stage, it’s turning heads for all the right reasons. Meanwhile, Notcoin is making waves with its new “Earn” program, and Gigachad has scored a major coup by listing on Bitunix, a popular exchange. Could these projects be the best meme coins with 100x potential? Let’s dive into the details. BTFD Coin: The Bulls Are Here, and They’re Charging BTFD Coin, or Buy The Dip, is the star of the meme coin world right now—and for good reason. It’s a meme coin with a mission: turn dips into opportunities. With a mix of innovation, community power, and massive investor interest, BTFD is redefining what meme coins can achieve. BTFD Coin has been absolutely crushing its presale. After reaching the $1 million milestone in under 10 days, it hit $2.5 million in under 14 days and is now sitting at a staggering $4 million raised. Over 55 billion coins have been sold, and its presale tally has attracted a growing army of over 5,600 Bulls. Currently priced at $0.00013 in its presale’s 12th stage, analysts predict that BTFD Coin could surge to $0.0006 or higher after its launch. This would represent nearly a 5x jump—and that’s just in the early stages. Given its staking rewards, Play-to-Earn (P2E) game, and bullish community, some even speculate it could rise to $0.001 as its ecosystem matures. Why It Could 100x Staking APY: Investors can stake their $BTFD tokens for a 90% APY, making it an ideal passive income stream. P2E Game: The upcoming game allows players to earn in-game tokens that can be converted into $BTFD, driving demand and utility. Community Power: With characters like Baby Bull and Raging Bull leading the way, the project’s marketing is on point, creating viral momentum. Now, why don’t we break down the numbers? Current Price: $0.00013 Investment Amount: $1,000 Coins Purchased: 7,692,307 $BTFD If BTFD Coin hits $0.0006, that $1,000 investment would balloon to $4,615, and if it reaches $0.001, you’d be looking at a whopping $7,692! Not bad for a meme coin with limitless potential. Notcoin: Earning While You HODL If you thought meme coins were all fun and no function, think again. Notcoin has just launched its highly-anticipated “Earn” program, giving Telegram users the ability to lock their tokens and earn interest over time. Notcoin is currently priced at $0.008071. Analysts predict it could rise to $0.01 in the next few months if adoption of the “Earn” program continues to grow. Its team is also planning partnerships with gaming platforms, which could further drive value. Why It Could 100x Notcoin’s unique blend of staking and upcoming utility integrations sets it apart. If the “Earn” program achieves mass adoption and partnerships deliver as promised, this token could easily see a 100x increase over time. Gigachad: Meme King Moves to Bitunix When it comes to meme coins, few names carry as much swagger as Gigachad. Known for its alpha-male-type humour and meme-worthy branding, this coin is making serious moves to become a market leader. Gigachad was recently listed on Bitunix, a growing exchange with a loyal user base. This listing has boosted its daily trading volume by 300%, sparking renewed interest in the project. Currently trading at $0.0696, Gigachad has the potential to hit $0.18 by the end of next year. The team’s plans to roll out a Gigachad NFT collection in Q1 2025 are expected to drive additional hype. Why It Could 100x The Bitunix listing, combined with the upcoming NFT launch, positions Gigachad as a serious contender in the meme coin space. Its devoted community and growing ecosystem are laying the groundwork for massive growth. Don’t Miss Out—Join the BTFD Coin Presale Now! Of all the meme coins mentioned, BTFD Coin stands out as the strongest candidate for massive gains. Its presale price of $0.00013 is a golden opportunity, and with its unique features like staking and the P2E game, this project is poised to soar. Ready to secure your spot? Head over to the BTFD Coin presale page, connect your wallet, and join the herd of Bulls charging toward success. The next 100x meme coin might just be one click away—don’t wait! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
The recent Wells Notice issued to CyberKongz by the SEC highlights the growing regulatory scrutiny facing the blockchain gaming industry. This situation illustrates the complex intersection of blockchain technology, NFT
The post Bitcoin Price to Hit $200K in 2.5 Months as Re-Accumulation Phase Ends appeared first on Coinpedia Fintech News Bitcoin now looks extremely bullish. In the last five days alone, it has grown by approximately 6.44%. There are enough reasons to believe that buyers are pushing the price upwards strongly. A technical analyst, Gert van Lagen, in his recent X post, predicts that the Bitcoin market could surpass the $200K range in the near future. Sounds exciting, doesn’t it? Let’s dive in for details! Bitcoin’s Explosive Rally: What’s Driving It? It was on December 5 that BTC broke above the $100K range for the first time. Between December 9 and 10, the market suffered a serious correction of 4.48%, pulling the price down to around $96,548.50. On December 11, with a massive single-day upward rise, the market rebounded back to the $100K range, and since then, the price has surged by at least 10.30%. Excitement Among Long-Term BTC Holders Reports suggest that the strong upward momentum has created extreme excitement among long-term cryptocurrency investors. Explaining what has worked in favour of the BTC market, Lagen emphasises that the market has surpassed the re-accumulation phase – generally considered a resistance zone. $BTC [1W] – Bitcoin is blowing off as expected with Long-term holders reaching Euphoria. The gravity of the Re-accumulation pattern has proven to be transcended. With an estimated 2.5 months before a recession begins to take hold, $BTC is on track to surpass $200k soon. pic.twitter.com/qMGFvnWxbU — Gert van Lagen (@GertvanLagen) December 16, 2024 Analyst Prediction: $200K on the Horizon In the first quarter of this year, Bitcoin recorded a quarterly return of over +68.7%. Although in the second and third quarters, the crypto reported lackluster performance, the latest crypto bullish trend indicates that in the fourth and final quarter of this year, the market may outperform its Q1 performance. Crypto Expert’s Optimistic Forecast Expressing his optimistic outlook about the future of Bitcoin, Lagen forecasts that the market would achieve the $200K milestone in the near future itself. Recession Concern: Impact on Bitcoin Hinting at the possibility of major turmoil in traditional markets, Lagen opines that the global market may face an economic recession within the next two and half months. Bitcoin as a Safe Haven Projecting Bitcoin as a sensible alternative during global market uncertainties, Lagen asserts that the predicted recession would have no negative impact on the BTC market. In conclusion, Bitcoin’s rise towards $200K highlights its growing strength in the financial market. Even with a looming recession, the crypto market’s momentum remains robust.
The post Exodus Crypto Wallet Maker Approved to List on NYSE American appeared first on Coinpedia Fintech News Exodus Movement (EXOD), a crypto wallet company, has received approval to list on the NYSE American, starting Dec. 18 with a reserve of 1,900 BTC. This comes after the SEC denied its initial listing request in May, citing ongoing reviews. The uplisting signals a potential shift in regulatory views on cryptocurrency, especially after President-elect Trump’s pro-crypto stance. Exodus CEO JP Richardson believes this move will raise the company’s profile and enhance shareholder liquidity. Exodus stock, previously listed on OTC Markets, saw a brief 10.5% rise before stabilizing.
Charges against CyberKongz could present “major implications” for the blockchain gaming industry, the project said Monday.
Story Protocol’s newly introduced framework could disrupt the landscape of the crypto AI agent economy by facilitating on-chain intellectual property exchanges. This innovative approach not only enhances operational capabilities for