According to Cointelegraph: The US House of Representatives has voted in favor of the Financial Innovation and Technology for the 21st Century Act (FIT21), aimed at clarifying the rules of securities and commodities regulators in overseeing cryptocurrencies. The next step for the bill is a potentially challenging path through the US Senate, where it has neither a companion bill nor a set timeline for action.

The FIT21 bill, which saw 71 Democrats and 208 Republicans vote in favor, could face robust opposition in the Senate, considering the presence of prominent crypto critics like Senator Elizabeth Warren. Post the Senate Review, if approved, the bill would proceed to President Biden's desk. The President on May 22 expressed his administration's disapproval of the bill, though it didn't specify his vetoing intention.

While Coinbase CEO, Brian Armstrong, celebrated this development as a "total victory", crypto-focused lawyer Gabriel Shapiro countered by arguing that the FIT21 could still grant the SEC "considerable power". The bill, if passed, will primarily place the control of cryptocurrencies under the Commodity Futures Trading Commission (CFTC), viewed as a more lax regulator than the SEC.

The Super AI Alliance (FET) has seen a significant drop in value over the past week. At the time of writing, the AI ​​Agent token is trading at $1.08, its lowest since September 2024.
This price drop comes amid a decrease in whale activity, with large holders offloading large amounts of FET tokens in recent days.
Whales sell their FET holdings
According to Santiment, whales holding between 10,000,000 and 100,000,000 FEThave dumped over $25 million worth of tokens in less than seven days, causing the value of FET to drop by 7% during that period.
When whales increase their selling, they dump large amounts of the token into the market, which can increase supply and push the price down. This increased selling pressure typically overwhelms buying demand, causing the token’s value to drop.
The market often reacts to these processes with increased uncertainty, leading to further price declines if the trend continues.

Moreover, the negative weighted sentiment of FET confirms the bearish bias towards it. At the time of publication, it was at -0.41, reflecting pessimism among market participants.
Weighted sentiment measures the overall positive or negative bias of a stock. It takes into account both the volume of social media mentions and the sentiment expressed in those mentions.

When it is negative like this, it is a bearish signal. This means that investors are becoming more skeptical about the near-term prospects of the token, which prompts them to trade less and causes the price to drop.
FET Price Drop: Is a Sharper Drop to $0.70 on the Horizon?
FET is trading significantly below the 20-day exponential moving average (EMA) on the daily chart. This major moving average measures the average price of an asset over the past 20 days, with more weight given to recent prices.
When the price of an asset falls below the 20-day EMA, it indicates potential bearish momentum, suggesting further price decline. If FET continues to fall, its price could drop to $1.02. If this support level fails to hold, the token’s value could drop further to $0.70.

However, a change in market sentiment and an increase in demand for FET would negatethis bearish prediction. In this scenario, the token price could rise towards $1.29.
$FET
$ETH

#DeepSeekImpact #FIT21 #elaouzi

Alright, let's break down *Meme Coins* vs *AI Coins* to help you decide which one could be the best for trading on Binance! 🚀

1. *Meme Coins - Fun with a Lot of Hype 🎉*
- *What Are They?*
Meme coins, like *Dogecoin (DOGE)*, *Shiba Inu (SHIB)*, or *Floki Inu (FLOKI)*, are coins that started as a joke or meme, often driven by community hype. They don't have much of a real-world utility at first, but their value is driven by social media trends and community support.
- *Why Are They Popular?*
They can explode in value thanks to viral trends, celebrity endorsements (like Elon Musk’s tweets about Dogecoin 🐕), or meme culture. People get drawn to the fun, excitement, and the potential for big, quick profits.
- *Prediction & Analysis:*
Meme coins can *skyrocket* fast due to hype, but they are also highly volatile. After a major pump, they can crash just as quickly. It’s important to time the market carefully. If you’re trading meme coins, you need to be ready to *ride the waves* and take profits quickly when the price spikes. 🤑

*Pros of Meme Coins:*
- High volatility = potential for big short-term gains 📈
- Fun, community-driven projects
- Can explode with the right amount of hype 🔥

*Cons of Meme Coins:*
Extremely risky and can lose value just as fast 💔
- Lack of real-world use and long-term utility 🤷‍♂️

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2. *AI Coins - The Future of Technology 🤖*
- *What Are They?*
AI coins like *SingularityNET (AGIX)*, *Fetch.ai (FET)*, and *Ocean Protocol (OCEAN)* are tied to blockchain-based projects utilizing *Artificial Intelligence (AI)* to solve real-world problems. AI has huge potential in sectors like *data analysis*, *machine learning*, and *automation*.
- *Why Are They Important?*
AI is one of the *fastest-growing fields*, and these coins focus on the future of *technology*, offering solutions that could *revolutionize industries* such as healthcare, finance, and logistics.
- *Prediction & Analysis:*
AI coins have strong long-term potential if the underlying projects deliver on their promises. As AI continues to grow, the *demand for decentralized AI solutions* will rise, pushing the value of these coins. However, they tend to be *less volatile* than meme coins and are more suited for *long-term investment*. 📊

*Pros of AI Coins:*
- Strong utility and real-world use case 🤖
- Long-term growth potential as AI becomes more mainstream 🌱
- More stable compared to meme coins, with less hype-driven volatility 📉

*Cons of AI Coins:*
- Less explosive short-term growth compared to meme coins 🚶‍♂️
- Requires some technical understanding of AI technology and its applications ⚙️

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*Which One Should You Trade on Binance? 🤔*

It all depends on your *trading style* and *goals*:

- *If you're looking for short-term excitement and are willing to take risks*, meme coins might be more up your alley. They’re perfect for *quick trades*, but make sure you’re staying on top of market trends and *timing your moves*! ⏱

- *If you're more interested in long-term growth* and want to bet on the future of *technology and innovation*, AI coins might be the better choice. These coins are built on solid use cases and could see massive growth as the AI sector evolves. 🌱

*Final Prediction:*
- *Meme Coins* will *spike* with hype but will come down fast. 💥🚨
- *AI Coins* are *more stable* and will grow steadily as technology advances. 🔮📈

*For the short-term adrenaline rush?* Meme coins are the way to go! 🚀
*For long-term growth?* AI coins could offer more solid returns. 🤖

$DOGE
$NEAR
$FET
#BinanceAlphaAlert #Write2Earn! #Write2Earn! #FIT21 #TrendingTopic