
April 30th, 2025
The market capitalization of the flagship cryptocurrency recently hit levels greater than that of all other cryptocurrencies combined.
Earlier this year, the Seattle-based crypto exchange Bittrex announced its intent to wind down all its operations in the United States following heightened regulatory scrutiny by the SEC.
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.
The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities.
The delisting of these crypto assets by eToro may hurt their prices and liquidity as they will lose access to a large and active customer base.
While the SEC’s designation of some cryptocurrencies as securities has shaken the market, the development companies behind these assets have strongly rejected the regulator’s characterization.
The SEC lawsuits last week led to a heavy correction in the altcoins space as the SEC names several altcoins as securities. This, in turn, has helped the Bitcoin dominance to grow.
Crypto market prices have tumbled significantly since the news began to make rounds.
After SEC’s action on Binance, Bitcoin and the broader crypto market tanked instantly. Altcoins face heavy correction to the tune of 7-8% with Binance BNB suffering the most.
According to the SEC in a recent lawsuit, Binance deliberately broke several rules and secretly funneled customer funds via a separate entity.
USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year.
The NFT tickets will be minted via the Ethereum scaling layer two blockchain Polygon (MATIC).
Amid the US regulatory crackdown and the fall of the crypto-friendly banks recently, the lack of liquidity has become a major issue currently in the market.
The stablecoins market is expected to significantly grow amid the mainstream adoption of Bitcoin and other digital assets globally.
The partnership between Wakweli and the Blockchain Lawyers Group will offer a number of notable advantages that include but are not limited to boosting the liquidity of the entire Wakweli ecosystem.