In a huge development for the cryptocurrency industry, Paul Atkins has officially been sworn in as Chairman of the U.S. Securities and Exchange Commission (SEC). Known for his pro-crypto stance, Atkins’ appointment is being hailed as the beginning of a new era for digital asset regulation in the United States.
This marks a return to the SEC for Chairman Atkins, who previously served as a Commissioner from 2002 to 2008 under President George W. Bush. During that time, he was known for championing transparency, consistency, and the use of cost-benefit analysis in regulatory decision-making—principles that many hope he will now apply to modern crypto policy.
The industry has been eagerly awaiting his arrival. While Acting Chair Hester Peirce and interim leader Mark Uyeda have made strides—particularly in fostering transparency and holding crypto roundtables—Atkins is expected to bring greater momentum and authority to the agency’s crypto-related efforts.
“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” Atkins said.
He added, “ Together we will work to ensure that the U.S. is the best and most secure place in the world to invest and do business.”
Under Peirce’s leadership, the SEC has already made headway, dropping several high-profile cases and providing new guidance around crypto mining, stablecoins, and meme coins. However, areas like NFTs and token classification remain complex and unresolved. With Atkins now in charge, insiders expect swift movement toward a standardized “token test” to determine whether a digital asset should be classified as a security.
Cryptocurrency prices surged as investors anticipate key announcements from the upcoming White House Crypto Summit on March 7, 2025. U.S. President Donald Trump will host the event, bringing together industry leaders, executives, and policymakers. Speculation is rising over potential tax policy changes, including a rumored zero capital gains tax on digital assets. However, even with a presidential executive order, it would require approval from the House of Representatives. The altcoins price, including ETH, XRP, SOL, and ADA price has seen a price rebound over the past 24-hours with BTC gaining 5%.
The White House issued a statement that indicated the upcoming meetings would address electronic assets as well as regulatory frameworks and economic guidelines. The movement of Bitcoin, Ethereum, and XRP prices forward received a significant boost when Trump included these cryptocurrencies in his proposed strategic reserve plans. The prices started declining because investors learned that the congressional approval mandate stands between the reserve plan and its implementation.
Cryptocurrencies Price Spikes: Are Altcoins Poised for More Gains Before Trump’s Summit?
Crypto market analysis has rebounded following recent market declines, pushing the total market cap up by 4.08% to $2.86 trillion. Altcoins have shown recovery, with Bitcoin gaining 4%, Ethereum 5%, and XRP 6%. Other top altcoins, including Solana and Binance Coin, have also followed the upward trend. This market movement comes ahead of the Trump Crypto Summit, set to take place in the on 7th March 2025.
Trump will host a crypto summit on March 7, 2025, scheduled from 1:30 PM to 5:30 PM ET (12:00 AM to 4:00 AM IST on March 8, 2025).
Here’s who’s confirmed to attend:
– Michael Saylor, Founder of Strategy
– David Bailey, CEO of Bitcoin Magazine
– Matt Huang, Co-founder of… pic.twitter.com/qjzKnEFA1L
Over the past 24 hours, the BTC price saw a 5% recovery, reaching $88,761. The BTC price bounced from the $81,529 support but faced resistance at $90,000. With Bitcoin dominance is showing weakness.
The Relative Strength Index (RSI) stands at 53.97, signaling neutral momentum. A break above $90,000 could push BTC toward $100,000, while failure to hold gains may lead to another drop toward $84,000. Market volatility remains high.
ETH Price Eyes 30% Surge Ahead of Trump Crypto Summit
Ethereum price has surged past $2,200, gaining momentum from renewed market optimism. The digital asset secured support at $2,150, fueling expectations of a stronger rebound. ETH recorded a 7% increase over the past 24 hours, now trading around $2,240.
The price surge comes as the market anticipates a key crypto summit involving former U.S. President Donald Trump. If bullish momentum strengthens, Ethereum could climb toward $2,260, with further gains potentially pushing it to $2,500.
Analysts suggest that sustained bullish activity may drive ETH above $3,000, marking a 30% rise. The rally highlights growing confidence in altcoins amid broader market recovery.
XRP Price Holds Key Support as Analysts Eye Surge to $222
Ripple (XRP) price is holding above a critical support trend, signaling a possible breakout. Analysts highlight its strong consolidation above Fibonacci 0.888, aligning with historical patterns.
XRP’s next move could target $8.5 to $13, with a potential Fib 1.618 extension at $27. If history repeats, Fibonacci extensions suggest a possible range between $27 and $222.
What Next for Altcoins?
If BTC holds key support levels, altcoins may continue their bullish momentum. A strong Bitcoin trend often signals increased confidence in the crypto market predictions. This could lead to price surges for major altcoins being the altcoins to watch.
Altcoins such as Solana, Binance Coin, Dogecoin, and Aave could see further gains. Investors are anticipating additional catalysts from the Trump Crypto Summit, which may shape the market’s direction in the coming weeks.
Circle ostensibly turned down the offer since it was too low based on its market value and prospects.
Ripple is keen to expand its recently launched RLUSD to compete with Tether USDT among others.
Ripple Labs proposed to takeover Circle Internet Group Inc. for $4 billion to $5 billion. According to people familiar with the matter, Circle, the second largest stablecoin issuer, turned down the offer and termed it as too low.
Meanwhile, Ripple has not yet made another move but remains interested in acquiring Circle. Moreover, Circle’s USDC has penetrated global web3 markets to hit a market cap of about $61.6 billion and a 24 hour average trading volume of about $6.9 billion.
“We do not comment on market rumors. As we are currently in a quiet period with the U.S. SEC, we cannot comment further on our corporate financial plans. Our long-term goals remain the same,” Circle’s spokesperson told Bloomberg.
Top Reasons Why Ripple Eyes Circle
Circle’s market complexities
Earlier in April, Circle filed for an initial public offering (IPO) with the U.S. SEC, with the aim of listing on NYSE under ticker CRCL. While Circle’s revenue grew by 16 percent to $1.7 billion YoY, the company’s net income and EBITDA fell sharply.
The company has attributed the decline in net income to increased partner costs, service discontinuation, in addition to operational expenses. For instance, the company has reported an increase in distribution and transaction costs from higher fees on its partners led by Coinbase Global.
Future growth prospects for RLUSD
Ripple Labs recently launched RLUSD to help streamline its cross-border payments system, which includes backing up XRP adoption. However, the company has faced intense competition from existing stablecoins led by Tether USDT.
Additionally, RLUSD has experienced significant competition from similar products, such as USD1(USD1)by Donald Trump-backed World Liberty Financial that has already surpassed $2 billion in market cap.
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Circle ostensibly turned down the offer since it was too low based on its market value and prospects. Ripple is keen to expand its recently launched RLUSD to compete with Tether USDT among others. Ripple Labs proposed to takeover Circle Internet Group Inc. for $4 billion to $5 billion. According to people familiar with the …
Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have long been the darlings of meme-loving investors, bringing humor and light-heartedness to the often serious world of crypto. But trends don’t last forever, and a turning point seems to be emerging.
Increasingly, traders are stepping away from these meme-centric coins and turning their attention to BinoFi (BINO). Offered at just $0.02, this token is offering something significantly more than memes—it’s delivering innovative tools, revolutionary features, and real potential for growth.
What’s driving this shift? And why are traders betting on a project like BinoFi instead of sticking with their favored memes?
The Appeal of Memecoins is Fading
Memecoins have always operated on a simple principle: hype. Dogecoin’s rise to fame, backed by social media frenzy and mentions from high-profile figures, showcased how far memes can carry a coin.
Pepe followed a similar trajectory, promising nothing more than amusement and speculative gains. For a while, it worked. People traded these coins with the hope that a tweet or viral moment would skyrocket their value.
But memecoins are beginning to show their flaws. Their reliance on fleeting hype leaves them vulnerable to drastic price swings, a nightmare for traders seeking a semblance of stability. Add to that their lack of utility, most memecoins provide little to no functional value and it’s clear why some traders are looking for alternatives.
PEPE, for example, saw explosive early growth, but without any real-world application or technological backbone, sustaining that momentum has proven nearly impossible. Similarly, while DOGE enjoys occasional spikes thanks to endorsements or nostalgia, its novelty has worn thin for those prioritizing purpose over gimmick.
After all, hype may bring initial profits, but long-term sustainability and innovative features are what keep traders loyal. Memecoins don’t deliver on that front and BinoFi is stepping in to prove why it’s different.
Why Traders Are Turning to BinoFi
While memecoins rely on momentary trends, BinoFi is rooted in solving actual problems that traders face in the crypto world. Its hybrid exchange model, which bridges the divide between centralized and decentralized exchanges, is just one of the reasons traders are sitting up and taking notice.
BinoFi turns what can feel like an overwhelming, fragmented trading experience into something smooth and efficient. By merging centralized exchange order books with decentralized liquidity pools, it ensures deep liquidity and faster transactions without forcing traders to compromise.
No one in the market is offering this hybrid model quite like BinoFi.
Even more exciting is its focus on cross-chain trading. Traditionally, moving funds between different blockchains has been a boring and complex process involving bridges, tools that often come with significant risk.
BinoFi eliminates this hassle entirely through its cross-chain trading capabilities, which allow for direct swaps across multiple blockchains in one step. Less time wasted, fewer complications, and safer transactions, these are the kinds of features traders are looking for.
Security is another major factor. Unlike memecoins, which aren’t exactly known for innovative development or advanced security, BinoFi is putting control into the hands of its users with Multi-Party Computation (MPC) wallets.
The Value of Getting in Early
The BinoFi presale is quickly capturing the spotlight in the crypto space, offering a golden opportunity for forward-thinking investors to get in. With the token priced at an attractive $0.02 in its current presale phase, early participants are positioning themselves ahead of a project set to revolutionize the trading industry.
Those participating in early phases not only secure an exceptional entry point but also stand to benefit from some exclusive perks. These include reduced trading fees, priority access to staking rewards, and even early involvement in shaping the platform’s governance, a unique chance to influence the future of such a project.
The potential for significant returns bolsters the word once BINO hits the mainstream market. Analysts are already projecting enormous growth, with estimates suggesting a staggering 9900% increase for those capitalizing on the presale’s discounted entry point.
The listing price after the presale ends is $0,30 per token so even in case predictions don’t work, early supporters benefit from at least a massive 1200% growth of their investment.
For crypto enthusiasts who recognize the power of early investments, the BinoFi presale is a huge opportunity. With the first phase filling up fast and excitement building across the community, now is the time to act and become part of what could be the next major success story in crypto.
The Future is Looking to Utility, Not Memes
While memecoins like DOGE and PEPE will always have their place as lighthearted pieces of crypto culture, their lack of utility makes them hard to justify as long-term investments.
The days of investing in coins for memes alone seem to be waning. Traders are increasingly choosing projects like BinoFi that promise not just short-term gains, but lasting impact.
The post Crypto Traders Are Dumping Memecoins Like PEPE and DOGE For BinoFi (BINO) at $0.02 appeared first on Coinpedia Fintech News
Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have long been the darlings of meme-loving investors, bringing humor and light-heartedness to the often serious world of crypto. But trends don’t last forever, and a turning point seems to be emerging. Increasingly, traders are stepping away from these meme-centric coins and turning their attention to BinoFi (BINO). …
Trump will host a crypto summit on March 7, 2025, scheduled from 1:30 PM to 5:30 PM ET (12:00 AM to 4:00 AM IST on March 8, 2025).
