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TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB’s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset of that type – Shiba Inu (SHIB) – was among the worst affected, with its price plummeting by 16% weekly and 10% daily. SHIB Price, Source: CoinGecko Its market capitalization plunged below $7.7 billion, meaning the asset is now out of crypto’s top 20 club. As expected, the downtrend has negatively affected SHIB’s investors. According to IntoTheBlock’s data, the share of people sitting at paper losses has surged past 60%. One person touching upon SHIB’s recent performance was Ali Martinez. The analyst assumed that the price of the meme coin could decline to $0.000012 or $0.0000094 before finding support. The second level represents a 30% decline from the current rate. Another industry participant who chipped in on the matter was the X user Rose Premium Signals. They envisioned a bullish momentum if SHIB breaks above $0.00001461. The analyst predicted that reclaiming the target could lead to a price rally to as high as $0.00004401 (a 230% increase from the ongoing valuation). More Pain Ahead? Two important factors signal that SHIB bears might continue to prevail in the short term. The first is the reduced Shibarium activity. At the beginning of the month, Shiba Inu’s layer-2 scaling solution processed multi-million transactions on a daily scale, but in the past few weeks, this figure has shrunk substantially. This suggests decreased interest in the network’s applications, such as decentralized finance (DeFi), NFT projects, or gaming platforms. For its part, this could lower demand for SHIB tokens and reduce the buying pressure. The next factor is Shiba Inu’s burning mechanism. The burn rate has dropped by 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address. The program’s ultimate goal is to reduce the tremendous circulating supply of SHIB, possibly making the asset more valuable via scarcity. However, stalled progress could hinder that mission. The post Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst) appeared first on CryptoPotato.

As the crypto market heats up, XRP and Litecoin stand as frontrunners in innovation—fast, affordable, and built for mass adoption. Meanwhile, Peanut the Squirrel proves that even outside the blockchain, speed and agility are game-changers Current price: $2.15 Market cap:$125B XRP (XRP) functions as an efficient blockchain system which executes transactions within 3 to 5 seconds and costs only $0.0002. The system operates with 1,500 transactions per second and maintains zero carbon emissions during operations. XRP achieves speed and low fees while bringing its users a decentralized exchange and integrated tokenization tools to unlock asset movement and develop new payment systems. The open-source and permissionless framework of this platform drives global adoption toward decentralized finance because of its decentralized nature. Current price: $91.45 Market cap:$6.88B Litecoin (LTC) was introduced to complement Bitcoin with faster and more efficient processing capability. However, Litecoin is designed to be the Bitcoin clone with improvements in that it has the same type of framework as Bitcoin, but it has a shorter time for block generation and minimum transaction fee. Its ideal blockchain is also designed for microtransactions and retail payments and is suitable for daily transactions. Besides, Litecoin has remained one of the best cryptocurrencies for a long time, which explains it’s steady price and high usage. Current price: $0.063196 Market cap:$130.88K Peanut the Squirrel stands out in the park with his golden fur and unmatched agility. His daring jumps and quick movements make him a spectacle, often outpacing birds and raccoons. Besides his acrobatic feats, Peanut is a dedicated treasure hunter, collecting lost items such as keys, bottle caps, and snacks. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The bitcoin market has just experienced a brutal correction. In just 48 hours, a wave of massive capitulation has resulted in over $2.16 billion in realized losses by investors. Behind this drop lies a familiar pattern for analysts: weak hands, often the most recent entrants, have liquidated their positions at a loss. Far from being trivial, this wave of hasty sales raises questions about the reliability of the market and the psychology of investors when faced with sudden corrections. The on-chain analysis from Glassnode is unequivocal: the recent bitcoin correction , which saw its price drop by nearly 12 % in a week, has particularly impacted new entrants to the market. These investors, often the most recent and vulnerable, have absorbed the bulk of the realized losses. According to Glassnode data , the distribution of losses is enlightening: of the $2.16 billion evaporated, $927 million relates to investors who bought bitcoin less than a week before the drop. They thus represent 42% of the total recorded losses. These hasty sales can be explained by a lack of resilience to volatility, with the more novice investors succumbing to panic at the first market tremor. While the correction mainly hit recent buyers, long-term investors have hardly budged. The majority of dormant BTC, owned by historical players, have not been put back into circulation, confirming an intact confidence in the fundamental value of bitcoin despite the drop. The impact of this capitulation does not stop at the recorded losses. These episodes of massive sales tend to redistribute BTC from weak hands to more seasoned investors, which can paradoxically strengthen the market structure in the medium term. Institutional investors and “whales,” accustomed to this type of fluctuations, may have seized this opportunity to accumulate positions at a lower cost. Bitcoin remains an asset subject to cycles of high volatility . This purge could thus pave the way for stabilization, or even a bullish recovery, if current support levels hold. In a market driven by emotions, the ability of investors to manage panic remains more than ever the key factor in their success.

Transitions are never easy. And we’re talking about blockchains and cryptocurrency. As the new finance and operations sector transitions to blockchain technology, challenges keep rising in terms of laws and regulations. Self-executed contracts pose a big gap between traditional regulations and decentralized rules in terms of data distribution. Consequently, uncertainty in compliance with traditional law structure is often compounded by varying regulations across jurisdictions. Despite these hurdles, blockchain projects are mandated to address several common legal and regulatory considerations. This has helped this evolving technology to fight the initial skepticism and rewarded cryptocurrencies as one of the important investment tools in the modern financial world. Today, let us discuss these legal considerations that dictate the creation of cryptocurrencies. The Issues With Crypto Regulations Source FinCEN doesn’t see cryptocurrencies as real money. Nevertheless, since 2012, they have given partial recognition to cryptocurrency, deeming it to be something close to currency. This event implies that cryptocurrency can be treated like traditional money transmitters, which handle various forms of value. These money transmitters are mainly regulated by the Bank Secrecy Act (BSA). Meanwhile, the Commodities Futures Trading Commission (CFTC) views cryptocurrencies as commodities. This gives these digital assets the power to be traded on public markets. Moreover, the CFTC has stepped up regulations by acting against unregistered Bitcoin futures exchanges. It enforced rules against unfair trading practices and dealing with scams like Ponzi schemes. The CFTC believes that to properly handle digital assets, we need to focus on educating consumers. Therefore, the body emphasizes understanding the market better to enforce stricter laws and coordinate the efforts across the government. Federal Regulations In the U.S., cryptocurrencies are being closely looked at by government agencies like the SEC, CFTC, and IRS. Nevertheless, there aren’t many formal rules yet. Since 2022, Congress has put forward several bills to clarify how digital assets should be regulated. One important act that the government introduced is the Responsible Financial Innovation Act. The RFIA or Lummis-Gillibrand bill is a comprehensive legislative proposal. It aims to create a regulatory framework for digital assets in the United States by integrating digital assets into existing law while addressing risks and promoting innovation. Another important proposal is the Toomey Stablecoin Bill, officially known as the Stablecoin TRUST Act. This is a legislative proposal introduced by Senator Pat Toomey (R-PA) aimed at establishing a comprehensive regulatory framework for payment stablecoins in the United States. Moreover, the states have now started to get involved, with Wyoming leading by allowing crypto-focused banks and supporting decentralized organizations. Crypto Regulation In The EU The European Union (EU) has embraced blockchain and digital assets, similar to the U.S. In January 2020, they introduced the 5th Anti-Money Laundering Directive (5AMLD). This implies that cryptocurrency providers must follow regulations and document the identities and addresses of digital asset owners. However, tax rules for cryptocurrencies vary across EU countries. In the European Union, the taxation of cryptocurrency profits varies significantly from one country to another. While some countries such as Finland, Netherlands, Germany, Denmark, etc., impose taxes ranging from 0% to 50%, others such as Slovakia, Luxembourg, Bulgaria, Greece, Malta, etc., do not tax them at all. Also, certain countries such as France and Austria, have specific exemptions. Exchanges for cryptocurrencies aren’t regulated by the EU. Nevertheless, some may need to register with local authorities. As cryptocurrencies become more popular, it’s expected that regulations will tighten, especially when it comes to financial services, money laundering, and digital currencies. Steps To Legally Launch A Cryptocurrency How to legally launch a cryptocurrency involves crucial steps that regulatory bodies require comprehensively. Below is a basic outline to guide you. Define The Purpose And Type Of Your Cryptocurrency Source As simple as it sounds, decide what the overall goal of your cryptocurrency is (is it for payment, a utility, or a security token?). Consider the consequences that your selected type of cryptocurrency will bring, as there are different rules for different types of cryptocurrencies. Choose A Legal Structure Open a business in your region as an entity such as an LLC or a Corporation. This stage is crucial in providing protection from liabilities as well as aiding in tax and regulatory compliance. Register With Relevant Authorities In the U.S. context, registration with FinCEN as a Money Services Business (MSB) may be needed. In India, anti-money laundering (AML) registration with the Financial Intelligence Unit (FIU-IND) may be necessary as well. If the cryptocurrency is deemed a security, compliance may include registration with the SEC in the U.S. or other corresponding legal orders. Implement AML And KYC Procedures Establish money laundering prevention procedures (AML) and know your customer (KYC) policies to mitigate risks of illegal activities. Analyze reporting and tracking systems and flag any dubious transactions for the authorities. Obtain Necessary Licenses And Permits Ensure that you cover any region where your business operates and acquire appropriate permits and licenses as stipulated by local or regional authorities. If you are undertaking some activities in New York, you are required to obtain the BitLicense. Maintain Compliance With Taxes Some tax considerations may apply to your cryptocurrency holdings depending on the region where you live, such as in the US, where cryptocurrencies are regarded as a capital asset for taxation purposes. Record every transaction in detail, along with the supporting documents, to ease the tax reporting process. Develop A Legal Compliance And Risk Team Develop a team that includes legal and compliance practitioners with relevant expertise in contemporaneous cryptocurrency regulations. This will help to maintain compliance as well as respond to legal challenges, if any arise. Audit And Secure Your Blockchain Audit the blockchain code for weaknesses in order to eliminate security risks. Make sure that your cryptocurrency complies with appropriate laws and regulations. Launch And Maintain Compliance Revisit your compliance measures regularly and ensure that they align with evolving regulations. Maintain open communication lines with your stakeholders and regulatory authorities to build trust and mitigate legal risks. The post Legal Considerations When Creating A Cryptocurrency appeared first on Coinfomania.

The Strategic Digital Assets Reserve bill establishes a fund overseen by the state treasurer to hold bitcoin confiscated by law enforcement and money allocated by the legislature. Under the bill, the treasurer may invest up to 10% of the fund’s deposits in bitcoin annually and possibly loan them to generate returns, provided such actions do not heighten financial risks. SB 1373 differs from a related proposal, SB 1025, which seeks to allow state entities to invest public funds in bitcoin. Instead, SB 1373 focuses on managing assets already in state custody, such as those seized during criminal investigations. The Senate’s narrow approval reflects bipartisan contention over the state’s role in handling volatile digital currencies. Sponsored by Republican Sen. Mark Finchem, the bill aligns with broader efforts by states like Utah to integrate cryptocurrencies into public finance. Proponents argue the fund could generate revenue through strategic investments while streamlining management of seized assets. Critics, however, question the risks of state involvement in crypto markets in general. This type of maneuver is also being looked into on the federal level. SB 1373 now faces scrutiny in the Arizona House, where amendments or further debate could shape its final version. If enacted, Arizona would join a small group of states hoping to experiment with frameworks for strategic bitcoin management. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。