June 28, 2024 Grandpa checks in
Recently, the US SEC has been desperate for money and has officially sued Coinsensys, the owner of the Metamask wallet, which is currently the largest web-based wallet in the B-sphere. A reporter from Fox Business Channel revealed that Consensys has been prepared for the SEC's threats and will actively respond to this case. At the same time, the SEC accused Lido and Rocket Pool of their staking plans being securities, which means that their core businesses must have regulatory approval to continue, and Lido and Rocket Pool are the leading projects in the Ethereum staking track.
There is also news that a US judge allowed the SEC to continue most of the lawsuits against Binance. According to reports, the judge dismissed the SEC's lawsuit against CZ, but the charges against Binance for issuing BNB, staking services and other businesses can continue. This is so ugly. They made a lot of money and then told you that it was only partially exempted. There are other charges that can be charged at any time. Is this treating the B circle as a money printing machine? So the SEC is the lackey of the United States, robbing in the name of law enforcement. Some people went to the SEC to report because they couldn't get the airdrop, which was also stupid.
In terms of the market, it has maintained low volatility recently. The prices of several major L2 projects that have been launched recently, such as ZK, ZRO, and Blast, have all fallen sharply, showing a bear market performance. In fact, looking back, the judgment of these project parties on the market is also quite ordinary. They did not issue coins when the market sentiment was good before, but now they are worried about the bear market and are rushing to issue coins. It would be strange if the market can bear it. Recently, I have been observing several coins that I want to buy. Many of them have indeed shown signs of not falling. If Bitcoin can hold 60,000, the staged bottom of the cottage industry will be basically determined.
Although these L2 project parties are worried about the market (otherwise they would not issue coins at this time), I think the market trend is already quite bad, so there is no need to worry. The core is that the price of Bitcoin is strong, including the recent strong support of Ethereum prices, and the things that can be played in the market next may need to be appropriately selected. The inscription track and PEPE are worth continuing to pay attention to. In addition, airdrops are still possible, but you need to go with a boutique account and avoid the internal circulation of the studio.
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