🟢 Long #LIT/USDT Entry : 1.004 - 0.995 Targets : 🎯 1 | WISE CRYPTO NEWS on Binance Square

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🟢 Long
#LIT/USDT 
Entry : 1.004 - 0.995
Targets : 
🎯 1.011
🎯 1.032
🎯 1.053
🎯 1.074
🛑 Stop : 0.942
Leverage : 10x (isolated)
#ETFvsBTC #ETHETFS #BinanceLaunchpool #BTC 

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Agency Explains Why Certain Crypto Are Securities One of the #tokens in question is $MATIC , the native token of Polygon, an Ethereum scaling blockchain platform. Moreover, Polygon positions MATIC as essential for network #transactions and governance, incentivizing holders through staking mechanisms and other economic activities. Hence, the SEC contends that since its inception, MATIC has been marketed and sold as an investment vehicle. It mentions that investors expect an increase in MATIC value driven by Polygon’s ongoing development and expansion efforts. They highlighted the details on MATIC’s whitepaper to prove their point. The whitepaper read, “Matic Tokens are expected to provide economic incentives on the Matic Network [now Polygon]…Without Matic Tokens, there is no incentive for users to expend resources to participate in activities or provide services to the overall ecosystem on the Matic Network.” Polygon also revealed funding raised from renowned and celebrity investors. In addition, Sandeep Nailwal, co-founder of Polygon, wrote in a November 2022 tweet, “I won’t rest until Polygon gets the ‘top 3’ spot it deserves (alongside $BTC and ETH). No other project comes close.” The marketing and statements by the co-founder has also influenced the SEC’s decision. Similarly, MANA, the digital currency of Decentraland, a virtual reality platform on Ethereum, has been categorized as a security by the SEC. MANA facilitates transactions within the Decentraland ecosystem and grants holders rights to participate in governance and content creation. The SEC pinpointed the sale of $MANA tokens during its ICO and subsequent trading activities on platforms like #Metamask Swaps. Moreover, the agency noted that these activities were conducted with the implicit understanding of potential profit from Decentraland’s platform growth and adoption. #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July

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SEC Explains Why #TerraLunaClassic , MATIC & 3 Other Crypto Are Securities In a recent litigation filed by the U.S. Securities and #exchange Commission (SEC) against Consensys, the agency has clarified its stance on the classification of several prominent cryptocurrencies as securities. These include Terra Luna Classic ($LUNA ), Polygon ($MATIC ), The Sandbox (SAND), Chiliz (CHZ), and Decentraland ($MANA ). This legal action underscores the SEC’s contention that these digital assets were initially offered and sold as investment contracts. Hence, the SEC believes these cryptocurrencies fall under the regulatory purview of securities laws. For context, #Consensys , a major player in the crypto space, has been targeted for allegedly facilitating the trading of these assets through its #Metamask Swaps platform. The US SEC argues that each of these tokens was marketed with promises of future profits derived from the efforts of the issuing entities, Consensys and related third parties. This expectation of profit was cultivated through various means. These include public statements, marketing materials, and the operational strategies outlined by the token issuers. #ETH_ETF_Approval_23July

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Pixelverse X Notcoin ✨Notcoin has opened a new chapter in Web3 history and paved the way for Pixelverse. To enhance synergies between the two projects, Pixelverse is collaborating with Notcoin to reward the community of this pioneering token built on the #TONBlockchain . 🤝 Pixelverse will reward #NOT🔥🔥🔥 holders through a series of marketing campaigns, including NOT staking and #Notcoin👀🔥 quests with a $250,000 prize pool launching soon. 🎁💰 Notcoin holders and Tiers will receive additional perks in Pixelverse soon. 🎉 There will also be further integrations of $NOT within the #Pixelverse ecosystem - stay tuned for further announcements! 📢 But it's probably nothing 💎 #ETH_ETF_Approval_23July

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