Ethereum (ETH), hot on the heels of a spot BTC ETFs and the SEC’s green light, faces scrutiny from the regulator—a twist many didn’t see coming. The second-largest crypto by market size has often been identified as a non-security. Hence, this scrutiny took many by surprise, especially considering the SEC’s decision on spot ETH ETF is on the horizon.
In a recent development, the SEC is believed to have started a “legal campaign” to classify ETH as a security, per Fortune. Notably, the Wall Street top guy seeks information and financial records on their relationship with the Ethereum Foundation—the non-profit organization that spearheads the blockchain’s governance and development. How this will affect the chances of spot ETH ETF and the asset’s price remains to be seen.
Delving into the crypto market, Pepe (PEPE), one of the top altcoins in the meme scene, gains slight traction, with the bulls awakening. Meanwhile, InQubeta (QUBE), an emerging AI altcoin, outshines established ones in terms of market performance and fundamentals. On the cusp of exploding after its market debut, it is one of the best cryptos to buy now.
InQubeta (QUBE): Outshining Popular AI Cryptocurrencies
InQubeta (QUBE) is a new AI altcoin at the heart of the current market buzz. As an emerging crypto with explosive upside potential, its ICO has been selling out fast. The presale is in stage 9 and a staggering $12.3M has been raised so far, suggesting investor confidence.
A token currently costs only $0.028 and according to top analysts, it will experience a timely 30x spike after its launch—a recommended presale. However, besides its anticipated explosive surge, its real-world applications and solutions give it an edge over most established AI cryptocurrencies.
Navigating uncharted waters, it aims to reshape the fundraising landscape of the AI sector by building the first-ever crypto-based crowdfunding platform for tech startups. In addition, its custom-built NFT marketplace will democratize access to the profitable AI market. On the verge of adoption, it is the best new crypto to invest in—don’t miss out.
Ethereum (ETH): SEC Scrutiny Surfaces as Decision on Spot ETF Nears
Ethereum (ETH) is the second-largest cryptocurrency by market cap, trailing only Bitcoin and way ahead of newly launched altcoins like DYM, Starknet, or Pixels. Following the latest market dip, it hit $3,100, but the bulls have since taken back the reins, pushing the price to the upside.
However, in the regulatory landscape and an unexpected twist, Ethereum faces regulatory scrutiny, with the SEC starting a legal campaign to classify it as a security. According to a February 26 GitHub commit, the US state authority is investigating the Ethereum Foundation, the non-profit organization at the helm of the blockchain’s affairs.
This development has sent shockwaves across the crypto landscape, considering Ethereum is popularly classified as a non-security by regulatory bodies and a decision on spot ETH ETFs is on the horizon. As it unfolds, the potential impact on ETH’s price and decision on spot ETF remains to be seen.
Pepe (PEPE): Gaining Momentum
Pepe (PEPE) is among the best meme coins on the market and since it lacks real-world applications, it is one of the best shitcoins. It entered the crypto scene in 2023 and launched in the second quarter, with early holders creating generational wealth by apeing into the project before its parabolic run.
While it has since declined from its all-time high (ATH), it has been gaining traction, seeking a repeat of its 2023 run this year, a bull market. Despite competition from Solana memecoins, it has maintained market hype and was at the forefront of the latest meme frenzy.
With the bulls back in control, its next move might be explosive, making it one of the best coins to invest in. You can ride this wave by adding Pepe to your portfolio now.
Conclusion
The SEC is believed to have begun a legal campaign to classify Ethereum as a security, which could potentially affect ETH’s price. Meanwhile, Pepe gains slight traction as the bulls reassert dominance, while InQubeta shines bright in the AI ecosystem. Poised to explode after its launch, you can participate in the QUBE presale via the link below.
Visit InQubeta Presale
Join The InQubeta Communities
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