tokens

The cryptocurrency community is currently buzzing about a new campaign featured on CoinMarketCap called the $GENIUS Airdrop. This campaign is part of the platform’s “CMC Launch” program, which helps new crypto projects reach a global audience.
📢 What is the GENIUS Airdrop?

The GENIUS airdrop is a promotional event where users can earn free tokens by completing simple tasks. These tasks usually include:
Signing up on the platformFollowing social media accountsTrying out features of the project
The goal is to reward early users and create awareness about the project.
💡 About the Project: Genius Terminal
$BTC
The airdrop is linked to a platform called Genius Terminal, which is designed to improve the crypto trading experience. It aims to:
Bring multiple blockchain networks together in one placeOffer faster and smoother trading toolsProvide advanced features for serious traders
This makes it more than just a token—it’s part of a larger trading ecosystem.
📊 Why is it trending?
$ETH
There are a few reasons why this campaign is getting popular:
A large number of tokens have been set aside for the airdropThe campaign is being promoted directly on CoinMarketCapNew users are joining to explore potential rewards
Because of this, it has quickly become one of the most talked-about crypto promotions.
⚠️ Important things to keep in mind
While airdrops can be exciting, users should stay careful:
Not all airdrops guarantee profitSome may require trading or deposits to unlock rewardsFake links and scams are common in crypto
Always use official sources and never share your wallet’s private keys.
🧾 Final Thoughts
The GENIUS airdrop is a growing crypto campaign that combines marketing with user rewards. It offers an opportunity for users to explore a new platform while earning tokens. However, like all crypto opportunities, it should be approached with awareness and caution.
#genius #news #latestupdate #TrendingTopic #tokens

#Ripple💰 #RippleStablecoin #CoinbaseExchange. #BinanceSquareFamily
#tokens

Introduction

In a noteworthy development, the U.S. Securities and Exchange Commission (SEC) has revised its position regarding the classification of cryptocurrencies, heralding a moment of triumph for crypto supporters. In its amended complaint against Binance, the SEC stated that it does not regard crypto assets themselves as securities. This revelation, though mentioned in a footnote, quickly gained traction among industry leaders, including the Chief Legal Officers (CLOs) of Ripple and Coinbase.

Contents
1. Reactions from Coinbase and Ripple's CLOs
2. Frustration Over SEC’s Inconsistent Regulations
3. The Ripple Case Under Examination

1. Reactions from Coinbase and Ripple's CLOs

Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this crucial update in a series of posts on X (formerly Twitter). He underscored the importance of the SEC’s admission by quoting directly from the amended complaint. Grewal remarked, “‘The SEC regrets any confusion it may have invited’ by falsely and repeatedly stating that tokens themselves are securities.”
He characterized the language in the footnote as “remarkable,” criticizing the agency for its reversal of a long-standing position on crypto regulation. Grewal also noted the potential ramifications this shift could have on ongoing litigation involving other crypto entities, particularly Ripple. He tagged Ripple's CLO, Stuart Alderoty, in his post, suggesting that Alderoty might be surprised by the SEC's latest statement.

2. Frustration Over SEC’s Inconsistent Regulations

Stuart Alderoty responded with a mix of vindication and frustration. Quoting Grewal’s post, he expressed his views on the SEC's contradictory approach to cryptocurrency regulation. Alderoty stated, “So the SEC finally admits that 1/ ‘crypto asset security’ is a made-up term and 2/ to prove a ‘crypto asset security’ is an investment contract, the SEC needs evidence of a bundle of ‘contracts, expectations, and understandings’?”
He went on to criticize the SEC’s ever-evolving stance, labeling the agency as “a twisted pretzel of contradictions.” Alderoty humorously proposed a redesign of the SEC's logo to reflect their complex legal entanglements.

3. The Ripple Case Under Examination

The SEC’s acknowledgment is a relief for many within the cryptocurrency sector, especially following years of what has been termed “regulation by enforcement.” Grewal emphasized this concern, stating, “That SEC absolutely ‘maintained’ that tokens themselves are securities is clear from the long record of their regulation by enforcement campaign. Why mislead...”

Conclusion and Final Thoughts

The SEC's recent admission that crypto tokens are not classified as securities represents a significant pivot in its regulatory stance, eliciting strong reactions from key figures in the industry. As the crypto community digests this announcement, the implications for ongoing litigation and future regulatory frameworks remain to be seen. The contrasting views from Coinbase and Ripple's legal leaders highlight the complexities and challenges faced by the cryptocurrency sector as it navigates an evolving regulatory landscape.

Ripple Labs is progressing toward launching its USD-pegged #stablecoin , RLUSD, with 1.7 million #tokens minted recently. Although there's no set launch date, the rapid minting activity suggests we're close. 🧐

CEO #BradGarlinghouse hinted at a public release in the coming weeks, positioning #RLUSD to compete with established stablecoins like USDT and $USDC
. 💰

Regulatory approval is a key hurdle, as Ripple seeks to avoid issues with US authorities.
#BinanceLaunchpoolHMSTR

Amidst the ongoing decline in the value of #tokens listed on Binance in 2024, quote statistics show a sharp decline in the valuations of most assets since their listing. Among the new cryptocurrencies, only 2 - JUP and $WIF
- have shown positive dynamics from the moment they appeared on the world's largest trading platform until today. The rest have shown significant losses, and several tokens have lost more than 80% of their initial #Capitalization .

$JUP
(Jupiter) and WIF (dogwifhat) remained in the plus side amid massive declines, making them unique among the other assets that failed to hold their positions. The cryptocurrency #jup.. posted a 10.5% increase in #MarketCapitalization , while WIF saw a 12.1% increase. In the context of a general market decline, this may speak about the high stability of these assets or about the active interest of investors, which helps them to maintain a positive trend.

On the other hand, a number of tokens showed a catastrophic drop in value. Among the hardest hit are $AEVO , PORTAL, W, and TNSR, each of which lost more than 80% of its original valuation. For example, AEVO dropped in value by 89.7% and PORTAL lost 89.1%. These steep declines could be due to lack of liquidity, high volatility, or weak interest from institutional and retail investors.

The reasons why some of the tokens failed to stay afloat could be related to both high expectations at the initial offering stage and overloaded supply amid low demand. Investors looking for short-term gains may have been faced with the realities of a bear market and lack of fundamental value, leading to massive sell-offs. Notably, most of the tokens that lost most of their value belong to projects focused on blockchain infrastructure or the DeFi segment, where competition is very high.
#10MTradersLeague

The volume of searches on Google for the word “#Bitcoin❗ $BTC
” reached an annual low last week. Google scores search queries on a scale from 0 to 100, depending on the importance of the topic in the total number of queries for all topics. On a scale of 0 to 100, the interest of users from around the world in the first cryptocurrency dropped to 33 points by the end of the week.

At the same time, the volume of search queries for the word “#Memecoins🤑🤑 ” amounted to 77 out of 100 during the same period, but has yet to surpass the previous historical high of 100 points reached at the end of October 2023.

#CryptoQuant CEO and founder Ki Young Ju believes that the number of searches for memcoins will return to the previous all-time high by the end of October 2024, as interest in these digital assets remains extremely high.

Memcoins have exceeded expectations in 2024 and show no signs of beginning to slow down in popularity before the end of the year. Since September 12, 2024, 491,000 new tokens have been created on the Solana$SOL
network.

On Oct. 9, the Solana Floor account reported that nearly 20,000 new #tokens had been launched on Solana in the previous 24 hours, with the majority being memcoins.

The news outlet also noted that by October 12, the total market capitalization of memcoins on Solana exceeded $10 billion, with trading volume of approximately $2.3 billion in 24 hours.

Platforms like Pump.Fun have fueled the hype around memcoins on Solana thanks to a simplified user interface, low transaction fees and access to fast liquidity on decentralized exchanges like Raydium, allowing virtually anyone to issue new tokens.

Earlier in 2024, industry executive Justin Sun announced the launch of SunPump, a memcoin creation platform on the Tron$TRX
network, similar to the Pump.Fun platform on Solana. According to Dune, 90,000 memcoins have been created on the SunPump platform since its launch in August.

Memcoins have been repeatedly criticized by investors, industry executives and business tycoons. Investor Mark Cuban recently stated that he believes “every memcoin is a prepared fraud” and warned the public against trading these highly speculative assets. The rapid growth of new tokens on various blockchain platforms may indicate growing interest, but it also increases the likelihood of questionable projects.
#MemeCoinTrending