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someone PI coin means flower Imagined but Pi coin means fire 🔥

🚀 PI/USDT on Fire! 📈 PI/USDT is experiencing an impressive +43.16% surge, currently priced at $0.96153 (~Rs.268.79). The 24-hour high stands at $0.98889, while the low is $0.65424. The market volume is 183.91M PI, with a turnover of $144.04M. The bullish momentum continues as the price breaks key resistance levels. 📊 Are you trading PI? Let us know your thoughts in the comments! 🔥💹 #Crypto #PiNetwork #Trading #BullRun #InvestWisely

The SEC without Gary Gensler is taking a new direction. The American agency, once perceived as hesitant towards cryptocurrencies, seems to want to calm things down. Since the beginning of the year, reforms have multiplied and industry players have stepped up their efforts to ensure that the momentum continues. An expectation that the regulator seems to have understood well, evidenced by the numerous recently recognized crypto ETF applications. A turning point? Possible. Because if the Securities and Exchange Commission is finally letting up, it might be to better prepare the ground for a regulatory revolution. Since the reelection of Donald Trump , the SEC seems to have awakened from a long sleep. In just two days, the agency has validated the review of several crypto ETF applications , covering staking, options, and even some altcoins. A flood of submissions following Gensler’s departure, a coincidence? Not sure! On February 19, Nasdaq submitted a request to set exercise limits on options for BlackRock’s iShares Bitcoin Trust (IBIT), a behemoth with $57 billion in assets. For its part, Cboe wants to introduce options on Grayscale and Bitwise Ethereum ETFs, as well as XRP ETFs for Canary and WisdomTree. Add to this a request to allow staking on 21Shares’ Ether ETF, and you have an explosive cocktail for investors. Does this sudden easing of the SEC indicate a genuine desire for normalization, or is it merely a strategy to not lose control? The answer should not be long in coming. Another sign that the tide is turning: the SEC is closely interested in staking. Far from demonizing this practice, the regulator has asked market participants to provide a memo detailing its mechanisms and benefits. As revealed by Eleanor Terrett, a journalist at Fox Business: “The agency is very, very interested in staking.” An understatement that speaks volumes about the change in tone. This turnaround is not limited to staking. The SEC is also exploring creations and in-kind redemptions for crypto ETFs. This method, favored by issuers and investors for its tax benefits, is currently prohibited in the United States. But the agency’s recent openness on the subject suggests a possible evolution. The authorization of options on Bitcoin ETFs has paved the way for similar requests for Ethereum. But how far will the agency go? In January, Cointelegraph reported that numerous ETF applications had been filed following Gensler’s resignation . Simple coincidence or a desire to accelerate ahead of the arrival of a stricter regulator? Moreover, Elon Musk did not hesitate to fire at the SEC , demanding an audit of the agency’s spending via DOGE. A strategic pressure move? As the SEC seems to soften its position on crypto ETFs, is this to better avoid future sanctions? A matter to follow.

The Solana blockchain has come under fire, with critics calling it a breeding ground for speculative assets. However, Helius Labs CEO Mert Mumtaz argues that the chain is being unfairly blamed for trends that exist across all networks. The Meme Coin Scourge Solana’s recent surge in activity has been largely fueled by meme coins, including U.S. President Donald Trump and his wife Melania’s offerings, Official Trump (TRUMP) and Melania Meme (MELANIA). However, following bad experiences with some of these tokens, where retail traders were liquidated following pumps and dumps triggered by insider trading, some critics have labeled Solana “the worst thing to happen” to the digital asset space. Just days ago, crypto trader Hayden Davis launched LIBRA, a coin whose apparent promotion by President Javier Milei of Argentina fired up its afterburners, pushing its market cap beyond $4 billion. However, Milei later pulled down his endorsement, causing the meme coin’s value to plunge by 90%, losing investors lots of money. On-chain data revealed that insiders reaped huge profits, with Davis admitting in an interview that he was sitting on more than $100 million from the LIBRA launch. The situation was made worse when some observers accused platforms like Jupiter and Meteora, which are built on Solana, of complicity in the LIBRA scheme. The allegations caused Meteora co-founder Ben Chow to step down, with an independent third-party firm contracted to investigate the claims. Mert Mumtaz Responds to Critics Such incidents have turned public sentiment against Solana, prompting Mumtaz to weigh in on the debate, accusing detractors of tarring the chain’s entire ecosystem over the actions of a few bad actors. “You framed thousands of honest builders for the actions of a few scumbags, wrote Mumtaz on X. “The criminals will be punished, and the builders will keep building,” he added. In another post, he highlighted the challenges of managing a decentralized network like Solana, where there are far more grifters than builders: “In every industry, value creators are outnumbered by value extractors.” The software developer also dismissed claims that Solana is solely a “meme coin casino,” highlighting various applications, including decentralized GPU rendering, confidential payments, tokenized real estate, as well as on-chain governance as some of the key innovations on the blockchain. “Interesingly, this does not interest the loudest people on twitter as much as coins,” he said, “but they do exist.” The criticism is not unique to Solana. During the ICO boom of 2017, Ethereum faced a similar backlash after it emerged that at least 80% of ICOs in that period were scams, with the biggest, BitConnect, milking $2.6 billion from investors. The post Helius Labs CEO Defends Solana Amid Criticism Over Meme Coin Frenzy appeared first on CryptoPotato.

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