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Underdog Altcoin Trading Under $0.01 Tipped To Overtake SOL And AVAX By March 2025

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Underdog Altcoin Trading Under $0.01 Tipped To Overtake SOL And AVAX By March 2025

Crypto speculators, get ready — an underdog altcoin trading under $0.01 is primed to take the market by storm! Experts are already predicting it could outperform Solana (SOL) and Avalanche (AVAX) in the next crypto rally, with its sights set on March 2025. This hidden gem? BeerBear, the low-cap token that’s catching whale attention and igniting FOMO across the crypto world.

BeerBear: The Rocket to Rapid Profits Is Here!

The clock is ticking, BeerBear’s presale is live, and Stage 2 is already underway at just $0.0002 per token. Every second you wait is a missed opportunity for up to 1900% ROI. Prices started at an unbeatable $0.0001, but they’re climbing fast, and early-stage discounts are disappearing quickly. Don’t miss your chance!

Rapid Growth, Instant Profits

BeerBear isn’t just another token – it’s a high-speed ticket to quick gains. With a limited supply and demand skyrocketing, early buyers stand to gain the most. Don’t wait for tomorrow – today’s entry price could double by the next presale stage.

Gamify Your Gains

Dive into BeerBear’s upcoming Beat ’Em Up game, inspired by arcade classics like Double Dragon and Battle Toads. Smash through enemies, level up your character, and unlock real-world rewards like NFTs and bonus tokens. Every fight counts, and every victory adds to your wallet.

Beer Points Reward System

  • Earn 6%-12% Beer Points based on the size of your token purchase:
    • Small contributions ($10-$250) earn 6% in Beer Points.
    • Medium contributions ($1,000-$2,500) earn 9% in Beer Points.
    • Large contributions ($10,000+) unlock the MAXIMUM REWARD in Beer Points.
  • Use Beer Points to access exclusive perks like NFTs, in-game upgrades, and airdrops.
  • Example: A $700 purchase earns 5,600 Beer Points, boosting your potential bonuses and rewards.

USDT-BSC Multi-Level Referral Program

  • Earn up to 9% for direct referrals, with additional bonuses for referrals made by your network.
  • Share your referral link and turn every connection into passive USDT income.
  • Weekly payouts ensure your rewards arrive fast – no waiting around.
  • Start small or go big, and watch your network generate consistent profits!

Don’t Miss the x500 Potential. Grab Your $BEAR and Cash In Big!

Visit beerbear.io to grab your tokens, join the fight, and make this presale the best investment of your crypto journey. With BeerBear, every day is a chance to win big  –  and have a laugh doing it!

Solana (SOL): A Powerhouse with Waning Momentum

Solana has built a name for itself as one of the fastest blockchain networks, delivering lightning-speed transactions and low fees. Its technological advantages have made it a favorite for NFT marketplaces and decentralized applications (dApps).

However, SOL’s massive market cap limits its potential for explosive gains. While it’s a solid pick for institutional investors, traders chasing high-risk, high-reward plays may find themselves looking elsewhere. With BeerBear offering a much lower entry price and predictions of x100 growth, SOL’s days as a top speculative token may be numbered.

Avalanche (AVAX): A Layer 1 Leader Facing Stiff Competition

Avalanche burst onto the scene with its innovative consensus protocol, promising scalability and near-instant transaction finality. AVAX became a strong competitor to Ethereum, attracting developers and projects looking for a cheaper and faster alternative.

Despite its strengths, AVAX has struggled to maintain the momentum it built during its initial rally. Its higher price point and already significant market presence make it less appealing to speculators seeking meteoric returns. BeerBear, with its ultra-low presale price, has positioned itself as a more lucrative choice for traders looking to multiply their investments.

Conclusion: The Meme Coin Revolution Ready to Explode

BeerBear is redefining the meme coin space with its perfect combination of virality and profit potential. Priced at just $0.0002 during its presale stages, BeerBear offers speculators an unbeatable entry point for massive gains. Unlike SOL and AVAX, which cater to developers and institutions, BeerBear thrives on hype, community engagement, and a presale structure that rewards early adopters.

What truly sets BeerBear apart is its ability to attract whales while still being accessible to retail traders. Its playful branding and presale model create the perfect storm for explosive growth. Experts are already predicting that BeerBear could achieve x100 profits by March 2025, outperforming not just SOL and AVAX but the entire altcoin market.: BeerBear Outshines SOL and AVAX.

Solana and Avalanche are giants in the crypto world, but their potential for massive speculative gains pales in comparison to BeerBear. With its ultra-low entry price, viral branding, and expert-backed growth predictions, BeerBear is the ultimate pick for traders looking to capitalize on the next big meme coin rally.

Don’t miss your chance to secure a stake in BeerBear before it’s too late. The presale is heating up, and the whales are already diving in. Act fast — this rocket won’t wait for anyone!

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Short Term Market Drop, Long Term Gains. 5 Altcoins To Consider Now

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Short Term Market Drop, Long Term Gains. 5 Altcoins To Consider Now

The crypto market often sees unexpected dips, sparking both concern and opportunity. While some may feel uneasy during these fluctuations, savvy investors look ahead. In the midst of this volatility, several altcoins present intriguing potential for those thinking long-term. As the market prepares for a bull run, these five altcoins stand out as ones to watch.

Catzilla Wrecks Chaos: The Meme Coin for Warriors of Crypto

In a world where financial freedom feels out of reach, a new opportunity emerges, Catzilla! Born from the frenzy of meme culture and set for explosive growth, this is the meme coin investors have been waiting for!

14 Stages. Limitless Potential

A legendary cat warrior with lives to spare, Catzilla offers you 14 chances to grab the power-packed $CATZILLA token before it goes public. Imagine leveling up your stash from Stage 1 to Stage 14, where your gains soar up to 700%! Catzilla evolves as the presale progresses, bringing you closer to financial victory with every step.

But beware, fellow warriors—the clock is ticking, and only the swift and the daring will secure their share of Catzilla’s unstoppable might.

Claim your share before Catzilla stomps the competition flat!

Cats Are Taking Over: Forget Dogs. It’s All About the Meow Money

The crypto world’s gone barking mad for years, but now it’s time for cats to claw their way to the top. MEW and Popcat are the latest feline sensations proving that dogs might fetch headlines, but cats bring home the gains.

  • MEW: Purring into the top 15 meme coins, this clever kitty pulled off a 103.7% climb in just three months
  • Popcat: This one didn’t just pounce—it soared, delivering a jaw-dropping 157.44% surge.

These aren’t just one-off flukes. Cats are on the prowl, staking their claim in the meme coin kingdom. And if you think MEW and Popcat are impressive, wait until Catzilla roars onto the scene. Forget chasing tails—this is where the real action is.

The Mission: Smash the Market. Rewrite the Rules

Catzilla is here to destroy the old systems that hold you back. It’s time to build a new world where you, the warriors of the crypto space, rise up and claim what’s yours. With every stage of this presale, the forces of profit grow stronger.

Time is running out, and the opportunity to join Catzilla’s army won’t last forever. The profits are set to explode, and only those brave enough to seize this moment will see their gains rise like a true anime hero’s power level.

Get in now, watch Catzilla wreck the market, and bring chaos to the competition!

Solana and SOL: A Scalable Blockchain Solution

Solana is a blockchain known for its focus on scalability and speed. It provides a platform for decentralized applications, competing with networks like Ethereum. Solana uses unique technology to achieve faster transactions without needing second-layer solutions. SOL is the cryptocurrency of Solana, used for transactions and rewarding users. Its architecture supports development in many programming languages, appealing to developers. Solana’s ability to handle many transactions quickly makes it attractive for hosting active applications and services. The coin’s role is central in the ecosystem, supporting a range of projects. This makes SOL appealing to both developers and investors in the current market cycle.

Ondo Finance: Bridging Traditional and Blockchain Finance

Ondo Finance integrates the reliability of traditional finance with the efficiency of blockchain technology. It tokenizes stable, real-world assets, making high-grade financial products accessible to more people. Ondo has two main components: an asset management arm for creating financial products and a technology arm for building DeFi protocols. These components enhance the products’ functionality and scalability. To address trust and security concerns, Ondo partners with reputable firms like BlackRock and uses Coinbase for asset custody. It ensures transparency and regulatory compliance. USDY, a key product, is a stablecoin backed by US Treasuries and bank deposits, aimed at delivering secure and high-quality financial options for non-US investors.

Fetch.AI: AI and Blockchain Integration

Fetch.AI, founded in 2017, launched its token through Binance in 2019. It focuses on creating a decentralized machine learning network, using AI technology to democratize data access. The platform operates without restrictions, allowing users to connect and manage secure datasets. Fetch.AI supports various use cases like improving DeFi trading, transportation systems, energy grids, and digital networks needing large datasets. Price predictions suggest Fetch.AI could reach between $ 0.808541 and $ 1.024293 by 2025, with a high of $ 1.190916 by 2030. Considering these estimates, Fetch.AI shows potential growth in its integration of AI and blockchain, making it an interesting option in the tech and crypto markets.

Conclusion

While SOL, ONDO, and FET may offer less short-term potential, Catzilla emerges as a standout opportunity. Positioned as the ultimate meme coin hero, it aims to bring financial freedom to all. With a 700% ROI potential during its presale and triple utility features, Catzilla unites enthusiasts to achieve new heights and dismantle toxic systems.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Smart Money Moves In February: Jupiter, SUI, VeChain Or This New Explosive Altcoin?

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Smart Money Moves In February: Jupiter, SUI, VeChain Or This New Explosive Altcoin?

With the crypto market surging once again, investors are keenly analyzing where to place their bets. Emerging opportunities include familiar names like Jupiter, SUI, and VeChain, while a mysterious new altcoin is capturing attention. This promising option could reshape strategies and enhance portfolios, sparking curiosity among traders eager to capitalize on February’s dynamic landscape.

Catzilla: Unleashing a New Era in Meme Coins

Greed? Challenged!

Crypto manipulators? Confronted!

Scammers? Exposed!

Catzilla, the ultimate hero in the world of DeFi, is here to take on corrupt systems and promote financial opportunities for all! With a spirit of innovation and community, Catzilla brings together crypto enthusiasts, meme fans, and investors in a collective pursuit of financial growth.

Moving Beyond Short-Term Projects

We’re committed to long-term value and growth. While others may offer empty promises, Catzilla aims to provide substantial potential with a structured presale starting at $0.0002 and progressing to $0.0016 over 14 stages. Early participants are able to grab the $CATZILLA token with a jaw-dropping 88% discount!

Triple Utility Benefits

The $CATZILLA token offers multiple utilities to enhance your crypto experience!

  1. Governance – Participate in shaping Catzilla’s future through community decisions.
  2. Incentives – Earn rewards for your engagement and support.
  3. Staking – Hold and stake your $CATZILLA tokens to potentially earn passive income.

Catzilla aims to create a new environment for those eager to join a collaborative and innovative crypto community. Whether you’re an experienced investor, a fan of memes, or someone who enjoys combining fun with financial opportunities, Catzilla offers a platform where creativity meets potential.

Join Catzilla in the journey toward a more transparent and inclusive crypto space! Together, we’ll explore new possibilities and aim for new heights!

Get your $CATZILLA and be part of the movement!

Jupiter (JUP) Set for a Potential Breakout Moment

Jupiter (JUP) is in an interesting spot right now. The price is between $0.76 and $1.16, showing it’s in a narrow range. With the RSI at about 48 and a stochastic of around 35, the coin is neither overbought nor oversold. However, JUP has dipped 15.91% in the past week, although it’s only slightly down for the month, indicating a possible accumulation. If JUP can break through the nearest resistance at $1.41, we might see it climb towards $1.81. Such a move could mean an increase of around 50% from the current top range. Looking ahead, the altcoin season might just be the push JUP needs.

Sui (SUI) Price Eyes Potential Breakout Above Resistance

Sui (SUI) is in an exciting position right now. Its price ranges between $2.84 and $4.02. This is close to the nearest resistance level at $4.73. A breakthrough here could open a path to the next resistance at $5.91, leading to a substantial gain. However, it’s not all smooth sailing. The RSI is moderate at 52.30, suggesting indecision. In the past month, the price has dipped by around 31%, but it’s still showing over 300% growth in six months. The MACD is slightly positive and the current sentiment points to a potential rally if it breaks through the resistance. Keep watching those levels, it might be an exciting time for SUI holders.

VeChain Set for Potential Growth as Market Eyes Bull Run

VeChain is currently trading in the $0.0328 to $0.0463 range. It’s testing its 10-day moving average around $0.0362 but struggling below the 100-day average of $0.0384. The MACD indicator shows slight bearish momentum, yet the coin remains steady above its nearest support at $0.0275. Eyes are on the first resistance level at $0.0546. If VET breaks through, a climb to $0.0681 is on the cards, marking a potential increase of 46% from the current lower range. As excitement builds for the next altcoin season, VeChain could see renewed interest, making this a pivotal moment for holders and new investors.

Conclusion

With the bull run underway, coins like Jupiter (JUP), SUI, and VeChain (VET) offer less short-term potential. Meanwhile, Catzilla stands out as the ultimate meme coin hero, aiming for financial freedom for all. Its presale promises 700% ROI, starting at $0.0002 and rising to $0.0016 over 14 stages, offering governance, rewards, and staking for holders to unite against crypto villains.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Bitcoin Realized Cap Hits ATH of $850B: Here’s What This Means for Price Action

Sam Wisdom Raphael
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Bitcoin Realized Cap Hits ATH of $850B: Here’s What This Means for Price Action

With Bitcoin realized cap reaching a new all-time high, the market might require higher capital inflow to push prices up.

Notably, Bitcoin’s realized cap recently hit a new peak of about $850 billion amid a significant inflow of capital into the market, up from the $832 billion peak from last month. The surge in realized cap comes on the back of the inflows recorded by spot Bitcoin ETFs since their launch last January.

Bitcoin Realized Cap Peak: Impact on Price Action

This surge in realized cap, which has absorbed over $450 billion since the market bottomed in November 2022, highlights growing investor confidence. However, with rising valuations comes increased inertia, according to market analytics resource Glassnode.

Notably, this entails that the market now requires more capital inflows to sustain Bitcoin’s price growth. For the uninitiated, realized cap calculates Bitcoin’s total market value based on the price at which each coin last moved, rather than its current market price. 

When realized cap rises, it suggests that more money is entering the market as investors buy coins at higher prices. The recent record high of $850 billion shows strong capital inflows. However, maintaining this level requires sustained buying pressure, which can slow price growth if demand does not keep up.  

Further, Glassnode also pointed out that Bitcoin is now settling an average of $8.7 billion in daily transactions, totaling $3.2 trillion over the past year. Notably, the analytical firm affirmed that this supports Bitcoin’s role as a large-scale medium of exchange. 

Yet, as realized cap climbs, Bitcoin needs increasingly larger inflows to push its price higher, making strong price surges more difficult without fresh capital despite the increase in daily transactions.

Bitcoin Market Uncertainties Persist

Meanwhile, as Bitcoin falls below $100,000 again, market uncertainties persist. Notably, in a recent CryptoQuant analysis, market commentator XBTManager highlighted a recent major movement of Bitcoin tokens from long-dormant wallets. 

According to him, a total of 49,700 BTC from the 6–12-month age band was spent, showing potential selling pressure. It is important to note that when large amounts of older Bitcoin move, it often leads to market volatility.  

Bitcoin Spent Output Age Bands CryptoQuant
Bitcoin Spent Output Age Bands | CryptoQuant

XBTManager noted that this could result in increased selling in the coming days, possibly leading to short-term price declines. Panic selling by retail investors could drive prices lower, only for them to rebound later as larger players absorb liquidity.   

 

In addition, Trade4ddict, another market analyst, pointed out today that Bitcoin is currently ranging between $90,000 and $108,000. Currently, Bitcoin changes hands at $98,421, down 0.61% in the last 24 hours. Despite the strong realized cap growth, the market remains indecisive, with no clear bullish reversal signals yet.  

The analyst also stressed that traditional financial markets are similarly uncertain, partly due to upcoming policy changes. Given this uncertainty, he advised staying patient and avoiding leveraged trades. He suggested he would buy another dip if Bitcoin revisits the lower range near $90,000. 

Canadian Publicly Traded Firm Neptune Acquires 1,000,000 Dogecoin

Lele Jima
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Leading Canadian blockchain firm Neptune Digital Assets Corp. diversifies its crypto portfolio with its acquisition of Dogecoin (DOGE). 

Per a recent announcement, Neptune disclosed that it purchased 1 million DOGE as part of efforts to diversify its crypto portfolio. Notably, the company acquired the DOGE tokens at an average cost of $0.37 per token on December 27, 2024. 

It splashed about $370,000 for the acquisition at the time. However, Neptune’s DOGE portfolio is currently valued at $266,600 at the current price of $0.2666 per token. This marks a decline of 27.94% from the initial amount Neptune invested in the firstborn meme coin. 

Neptune Grows Its Bitcoin Holdings to 376 BTC 

Despite making the investment last year, the move became public knowledge recently after Neptune announced its acquisition of 20 Bitcoin. 

Interestingly, Neptune strategically acquired the BTC in one week, from January 26 to February 3, at an average price of $99,833, bringing the total cost to approximately $2 million. 

Following its latest acquisition, Neptune now holds 376 BTC, valued at $36.63 million, at the current price of $97,422 per Bitcoin. 

Second Publicly Traded Company to Acquire DOGE 

Notably, Neptune’s latest investment, especially its 1 million DOGE acquisition, has stirred reactions within the crypto community. 

Reacting to the development, VanEck’s Head of Research, Matthew Sigel, referred to the Vancouver-based blockchain firm as the second publicly traded company to purchase DOGE. 

Recall that another publicly traded company, Spirit Blockchain, also made a strategic investment in Dogecoin last year. Interestingly, Spirit is currently planning to grow its DOGE holdings through a $3 million fundraiser. 

In the meantime, Neptune’s share, which trades on the Toronto Stock Exchange under the ticker NPPTF, is down 1.27% over the past week to $1.55. Meanwhile, the current value maintains a 115% uptick over the past month. 

Neptune’s DOGE acquisition comes as several prospective issuers file with the U.S. SEC to launch Dogecoin ETFs in the United States. They include Grayscale, Bitwise, Rex Shares, and Osprey Funds. 

Currently, DOGE is changing hands at $0.2666 per token, up 0.47% in the past day. 

Hong Kong Legislator Calls to Speed Up Research on Bitcoin as Strategic Reserve Amid Recent US Efforts

Abdulkarim Abdulwahab
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Hong Kong Legislator Calls to Speed Up Research on Bitcoin as Strategic Reserve Amid Recent US Efforts

Hong Kong legislator Johnny Ng Kit-chong has called for more rapid advancement of crypto initiatives in the region, including the potential for using Bitcoin as a strategic reserve. 

In a recent tweet, Johnny drew attention to the rapid development of the global crypto landscape. He urged Hong Kong to keep pace with international advancements to avoid falling behind.

Kit-chong’s comments come after a press conference led by American AI and crypto leader David Sacks. Sacks, alongside Republican representatives from both the Senate and the House, discussed their strong support for cryptocurrency. It included creating a bicameral working group to develop more straightforward regulations. 

Kit-chong highlighted several ongoing initiatives by drawing parallels between the U.S. and Hong Kong’s efforts. The U.S. has established a task force to address cryptocurrency. At the same time, Hong Kong’s government has launched the Third Generation Internet Development Task Force. 

Similarly, the U.S. has developed working groups for cryptocurrency regulations, with Hong Kong’s Legislative Council forming its own Web3 and Virtual Asset Development Subcommittee.

Hong Kong Needs to Move Faster in Crypto Regulations and Development

Meanwhile, Johnny Ng Kit-chong emphasized the need for Hong Kong to accelerate its efforts in cryptocurrency development or risk falling behind the U.S. and other global players. His key recommendations include:

  1. Research Bitcoin as a Strategic Reserve: Kit-chong urges Hong Kong to explore the possibility of Bitcoin becoming part of its strategic reserve to enhance financial security.
  2. Speed Up Stablecoin Implementation: The legislator calls for quicker action to enable stablecoin companies approved in Hong Kong’s sandbox to begin issuing and implementing their products.
  3. Leverage Stablecoins for International Trade: Kit-chong also suggests tapping into Hong Kong’s unique location and connections with mainland cities in the Greater Bay Area to pilot stablecoin applications, which could address international trade challenges.
  4. Relax Regulations for Virtual Asset Trading Platforms: To foster growth in the sector, he advocates for relaxed trading restrictions for licensed virtual asset platforms.
  5. Establish a Digital Asset Office: Lastly, Kit-chong calls for a dedicated office to oversee the promotion of virtual assets and AI development in Hong Kong.

Meanwhile, Johnny Ng Kit-chong shared that he has been invited to the Bitcoin U.S. Summit in May. He hopes this event will offer an opportunity to foster deeper collaboration between Hong Kong and the U.S. cryptocurrency industries. 

Stablecoin Transactions Hit $15.6T in 2024, 119% of Visa’s Total Txns

Albert Brown
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The transaction volume of stablecoins reached $15.6 trillion in 2024, surpassing Visa’s, according to recent data from ARK Invest.

Notably, the transaction volume of stablecoins was approximately 119% that of Visa. A bar chart comparing stablecoins with major payment processors from 2019 to 2024 highlights the rapid rise of digital assets.

Initially, stablecoins had minimal activity, with transaction volumes significantly lower than Visa, Mastercard, and American Express. 

However, beginning in 2021, stablecoin usage accelerated, catching up with these traditional networks. By 2024, stablecoins dominated the chart, nearly reaching $16 trillion in transaction value.

Mastercard followed a steady upward trend, reaching almost $8 trillion in transaction volume. Meanwhile, American Express maintained a lower transaction value, staying below $2 trillion. This shift in transaction volume underscores the increasing adoption of stablecoins in global payments.

Image

Tron Leads Stablecoin Transactions

Tron Network processed $5.46 trillion in USDT transactions in 2024, handling 750 million transfers, according to Tronscan. Measured by monthly active addresses, Tron emerged as the leading blockchain, especially in emerging markets, due to its low transaction fees. 

The volume of USDT transactions on Tron displayed an upward trend throughout the year. Late 2023 figures ranged between $5 billion and $15 billion in daily volume, while by the end of 2024, daily transactions frequently exceeded $20 billion to $30 billion.

ARK Invest reported that stablecoin transactions hit 110 million monthly, equating to 0.41% and 0.72% of Visa and Mastercard’s respective figures.

Alongside Tron, Solana, Ethereum, and Base also contributed significantly to stablecoin transaction volume in 2024. December 2024 set a record with a daily volume of $270 billion and a monthly volume of $2.7 trillion.

Stablecoins Strengthen Dollar Influence

It is important to note that USDT remained the dominant stablecoin, followed by USDC, with both accounting for 90% of the total supply.

According to the research, stablecoins have expanded across multiple blockchains, reaching a total supply of $203 billion, representing approximately 0.97% of the U.S. M2 money supply. 

Stablecoin Supply
Stablecoin Supply

In December, active stablecoin addresses peaked at 23 million, the highest on record.

Meanwhile, digital assets have increasingly aligned with the U.S. dollar as global financial systems shift. While China and Japan sold record amounts of U.S. Treasuries, Saudi Arabia ended its 45-year petrodollar agreement, and BRICS nations reduced their reliance on the dollar. 

Previously, Bitcoin and Ether served as primary entry points into digital assets, but stablecoins now account for 35% to 50% of on-chain transaction volumes.

Dollar-pegged stablecoins dominate with over 98% of total supply, while gold-backed and euro-backed stablecoins hold 1% and 0.5%, respectively. ARK Invest’s research suggests further expansion, including stablecoins backed by Asian currencies.

US SEC Launches Dedicated Email Address for Crypto

Lele Jima
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US SEC Launches Dedicated Email Address for Crypto

The U.S. Securities and Exchange Commission (SEC) has launched a dedicated email address for direct communication with the crypto industry. 

Nate Geraci, the President of ETF Store, called the crypto community’s attention to this initiative. According to an X post yesterday, Geraci expressed surprise that the SEC now has a dedicated crypto email address. 

Geraci suggested that he never expected the commission to launch a communication channel to enhance its direct engagement with the crypto industry. The accompanying image shows that the email was created by the SEC’s newly launched crypto task force. 

Crypto Task Force Begins Its Journey to Regulatory Clarity

Recall that Commissioner Mark Uyeda created this unit last month following his appointment as the SEC Acting Chair. Notably, Republican Commissioner Hester Peirce, popularly referred to as ‘Crypto Mom,’ was selected to head the crypto task force. 

Following her appointment, Peirce has already commenced operations to provide the industry with much-needed regulatory clarity. 

Yesterday, the task force published an article titled ‘The Journey Begins,’ outlining its major priorities, from defining what constitutes crypto asset securities to developing the required framework for crypto offerings. 

This move aims to address the previous administration’s regulatory confusion and usher the United States’ crypto sector into a new era of regulatory clarity. 

SEC Boosts Communication with the Crypto Sector 

In an X post yesterday, Commissioner Peirce shared a link to the task force’s about page, highlighting how the crypto industry can communicate with the unit. 

Industry stakeholders are required to either demand a meeting with the task force by completing an online request form or comment on some of the issues the unit is considering via the crypto-dedicated email address. 

Uyeda’s Achievements

As the crypto industry awaits the confirmation of a permanent head for the SEC, Uyeda is already filling the void and winning the hearts of many via some of his policies. 

For instance, his leadership gave birth to the SEC’s first-ever crypto task force, which aims to transition the commission from its enforcement-heavy crypto approach to a more friendly and fair regulatory framework backed by law. 

Also, the SEC, under Uyeda’s leadership, approved a spot crypto-related ETF application faster than the previous administration. 

This was observed in the NYSE’s recently approved application to list and trade shares of Bitwise’s dual Bitcoin and Ethereum ETF. Notably, the SEC approved the NYSE’s application in only 45 days, compared to the expected 245 days’ wait time. 

Furthermore, under the current leadership, the SEC is trimming down the size of its crypto enforcement unit. This move has resulted in over 50 securities lawyers being reassigned from the SEC crypto enforcement unit to other divisions. 

Amid these milestones, it becomes evident that the current leadership is focused on providing the crypto industry with the highly anticipated regulatory clarity, marking a shift from the past enforcement-driven approach. 

Over 100K RLUSD Transactions Recorded in 2 Months Since Launch Amid Steady Adoption

Okoya David
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Over 100K RLUSD Transactions Recorded in 2 Months Since Launch Amid Steady Adoption

Users have performed over 100,000 transactions with Ripple’s USD stablecoin RLUSD in the two months since it launched. 

This is according to a report released by CryptoQuant on Tuesday, February 4, highlighting the steady adoption of the Ripple–backed stablecoin.

According to the crypto analytics firm, about 109,000 RLUSD transactions have been completed so far, 95% of them or about 105,000 on the XRP Ledger and only around 4,100 on Ethereum.

RLUSD transaction count by network chart
RLUSD transaction count by network chart. Source: CryptoQuant

CryptoQuant analyst Maartunn contended that the asset’s higher uptake on the XRPL could be due to the network’s greater efficiency and lower transaction costs compared to Ethereum.

Another likely boost for RLUSD on the XRPL is its growing adoption in DeFi activity on the network following the recent automated market maker clawback amendment. According to xpmarket.com data at the time of writing, there are at least 66 liquidity pools based on the asset. 

The largest pool, XRP/RLUSD, boasts over $1.6 million in liquidity and has seen nearly 3,000 transactions in the past few days.

Amid this adoption, the asset now boasts a market cap of over $108 million. While this is still miles away from the billions boasted by offerings from stablecoin leaders Tether and Circle, many expect the asset to benefit from incoming regulations and expected integration with Ripple’s cross-border payments business later this year.

At the same time, more networks may be set to integrate the asset. For example, Cardano founder Charles Hoskinson has suggested he is open to bringing RLUSD to Cardano.

Meanwhile, the asset has also yet to receive support from popular exchanges like Binance, Coinbase, and Kraken, which could also be preventing more users from onboarding.

Ripple CEO Squashes Criticisms Over Crypto Czar David Sacks’ Speech, Says It Is A Big Deal

Elendu Benedict
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Ripple CEO Squashes Criticisms Over Crypto Czar David Sacks’ Speech, Says It Is A Big Deal

Amid criticisms emerging from David Sacks’ first full media appearance as crypto czar, Ripple CEO Brad Garlinghouse has insisted the meeting is a big deal.

Sacks took the stage yesterday in a star-studded house to discuss America’s plans to set the pace globally on the digital assets front. The crypto czar, who heads the US digital asset working group, revealed several strategies across aspects of the industry, including a Bitcoin stockpile and stablecoins.

Meanwhile, the interview did not bode well with a faction of the crypto community, who hinged their grievance on Sacks’ focus on stablecoins, which they consider trivial. Some expressed dissatisfaction with the failure to announce a strategic Bitcoin reserve, a plan that has been ongoing for months.

Ripple CEO Brad Garlinghouse has squashed criticisms of the vital cameo, branding the press conference a big deal.

Missing the Forest Because of Trees

Garlinghouse insisted that the skepticism trailing the press conference was unnecessary, as it failed to recognize the meeting’s cruciality. He likened the uproar to “missing the forest for the tree.” 

The Ripple CEO highlighted the magnanimity of having influential figures converge to discuss cryptocurrencies, such as in the press release. For perspective, the chairs of the Senate Banking, House Financial Services, Senate Ag, and the House Ag were present with the crypto czar to discuss crypto regulation.

He termed the development a “big deal” for digital assets, noting that such high-caliber convergence to push the industry forward was the first of its kind.

Committee Devoted to Crypto Regulation

Meanwhile, Sacks expressed the committee’s devotion to drafting a working crypto framework in the United States. He noted that the several units that Donald Trump created for this task, including the Crypto Task Force, will ensure that technological innovations like digital assets thrive in the country.

Furthermore, the czar highlighted the “four years of arbitrary prosecution and persecution” the crypto industry endured from the Securities and Exchange Commission (SEC) under Gary Gensler. He expressed the team’s devotion to making things right, starting by preventing them from going offshore.

Additionally, Sacks stressed stablecoin’s potential role in maintaining the US dollar’s dominance on the global stage. He noted that America’s strategic adoption of the currency could scale the dollar usage internationally.

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