$WIF Importantā¼ļø The SEC clarified the status of meme coins. They will not be classified as securities. Meme coins do not fall under the definition of securities, stated the American regulator SEC. This means that their issuance and sale do not require registration, and buyers of such assets are not protected by U.S. federal securities laws.
$WIF ā¼ļøā¼ļøā¼ļøBitwise has announced the end of the meme coin boom Bitwise's Chief Investment Officer Matt Hougan believes that the market is experiencing the end of the meme coin rise. He associates this with a number of factors, including the recent projects MELANIA, LIBRA, as well as the use of meme coins by the North Korean hacker group Lazarus Group for laundering cryptocurrency stolen from the Bybit exchange. "All of this will kill the sector. Perhaps not today, but within six months," Hougan wrote on X.
$WIF Large holders of Solana bet on decline through options
On the Deribit exchange, which accounts for up to 85% of all cryptocurrency options trading volume, there has been an increase in activity betting on the decline of Solana (SOL) prices. Large players are actively buying put options ā contracts that give the right to sell SOL at a fixed price. This allows either to hedge against the asset's price drop or to profit from the decline.
Over the past week, the volume of large over-the-counter options trades with SOL on Deribit exceeded $32 million (almost 25% of the total options turnover of Solana at $130.74 million). This is the second-largest figure in the history of the platform. Most of the deals involved put options.