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Gutsul Crypto News
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🐦 SEC Chair Gary Gensler: Many cryptocurrencies are securities under U.S. law, yet investors do not receive the required disclosures about them. 🔺In the past month, the SEC has issued Wells Notices, indicating potential lawsuits to several crypto companies, including Robinhood Crypto, ConsenSys, and Uniswap, and is currently engaged in legal proceedings with exchanges Binance and Coinbase. 🤨 Gensler also emphasized the necessity of complying with securities laws regarding crypto assets.

🐦 SEC Chair Gary Gensler:

Many cryptocurrencies are securities under U.S. law, yet investors do not receive the required disclosures about them.

🔺In the past month, the SEC has issued Wells Notices, indicating potential lawsuits to several crypto companies, including Robinhood Crypto, ConsenSys, and Uniswap, and is currently engaged in legal proceedings with exchanges Binance and Coinbase.

🤨 Gensler also emphasized the necessity of complying with securities laws regarding crypto assets.

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Gutsul Crypto News
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👤 In a CNBC interview, Gary Gensler once again reminded everyone that, by law, most cryptocurrencies are considered securities.

After which, the SEC chairman refused to discuss cryptocurrency any further, claiming it "doesn't deserve" his attention. 😂
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CryptoQuant hints that Bitcoin could potentially reach above $260K this cycle. They derived a formula based on Bitcoin's Hashrate/Market Cap. Fundamentally, they believe Bitcoin could reach these levels.📈 I hadn't encountered this formula before, but I definitely observed how Bitcoin's hashrate acted as a lagging indicator for asset price growth, which would align the price curve to the hashrate.🙃 Therefore, I wouldn't dismiss CryptoQuant's conclusion as just another junk forecast from Twitter.😁
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Has anyone noticed how much stronger Bitcoin is performing this cycle compared to others? 🙃 1) ATH was updated before the halving. 2) Corrections were around 20%, whereas in previous growth phases, Bitcoin dropped as much as -40%. 3) Holders are still accumulating, and big companies are entering the game. 4) Miners are not rushing to dump large volumes of Bitcoins. 5) At OTC markets, the supply was running out. So the question is, where is all this panic in the market coming from? Why is there so much despair about further growth? 🧐 We are approaching the most interesting phase of the market, where the culmination will happen, and we are not as far from it as we were back in 2022...🙂
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1inch has announced the launch of Fusion 2.0. The 1inch aggregator has announced the launch of the Fusion 2.0 solution, which provides even greater efficiency for conducting swaps. This was reported to Incrypted by the project team. According to 1inch's internal tests, placing orders in Fusion 2.0 is now 10%-35% cheaper than in the previous version. Compared to competing offerings, 1inch Fusion 2.0 is approximately 10% more efficient, allowing resolvers to offer users significantly more favorable swap rates, the team stated. Furthermore, the second version of 1inch Fusion offers higher swap prices, increased transaction speeds, and a reduced likelihood of order expiration. As the developers explained, in the second version of the solution, the price curve is adjusted based on market gas prices.
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🐦 Mass Adoption is No Joke Anymore 💸 Mastercard, Visa, JPMorgan, and other major banks will test a system for settling transactions using tokenized assets backed by bank money. The new test will simulate transactions in dollars. 🌀 The goal is to speed up and simplify transactions, as well as reduce the risk of errors and fraud. This will change existing payment practices by integrating different assets on a single platform 🌐
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🐦 NOT NOT NOT 💎 On May 16, NOTCOIN will be added to the official Telegram wallet. Will you hold it after it's listed on exchanges, or will you sell it all at once? 🤨 UPDATE: Binance will list NOT before other exchanges!
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