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Tether’s $40M Daily Flow Fuels Crypto Boom As MiCA Deadline Nears

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Key Takeaways

  • Tether maintains dominance in Europe’s stablecoin market despite Coinbase’s regulatory-driven delisting.
  • StablR, backed by Tether, focuses on compliance and innovation with the approaching MiCA regulations.
  • European stablecoins, fueled by regulatory clarity, are witnessing rapid growth and adoption.

Amid evolving crypto regulations, Tether continues to strengthen its foothold in Europe’s stablecoin market. Over the past eight weeks, an average of $40 million Tether has moved to exchanges daily, according to Santiment data, fueling the ongoing bull market.

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While Coinbase delisted Tether’s USDT for European customers, arguably due to “compliance” with MiCA (Markets in Crypto-Assets Regulation), other majors like Binance, Crypto.com, and Kraken seem to keep supporting USDT.

The full force of the MiCA framework will comes into effect on December 30, bringing stringent standards in line with strict compliance for crypto assets. Yet treatment under the MiCA is not as cut and dry for stablecoins such as USDT, with not all following Coinbase’s lead.

StablR and Tether’s Strategic Moves

While all this was uncertain, Tether announced a strategic investment in Malta-based StablR, a compliant stablecoin issuer, showing its intent to adapt and thrive under the regulatory landscape of Europe.

StablR, which issued EURR and USDR, two MiCAR-compliant stablecoins earlier this year with the support of Tether, aimed to enhance liquidity, lower the cost of transactions, and give access to more market participants.

By integrating the firm’s Hadron platform, StablR intends to make the tokenization process seamless for not only stablecoins but multiple asset classes, all with strict compliance to Know Your Customer and Anti-Money Laundering laws and regulations.

StablR CEO Gijs op de Weegh said demand for compliant stablecoins is surging, considering the global stablecoin market reached $190 billion last month. StablR’s stablecoins are on Ethereum and Solana; they are MiCA-compliant, thus offering a safe and flexible solution for institutional and retail users.

European Market Prepares for Transformation

The European stablecoin market, reaching close to $400 million in market capitalization for EUR-pegged stablecoins, will continue to grow under the guidance of MiCA. According to Paolo Ardoino, CEO of the company, innovation is important for adapting to this changed landscape, and investments like StablR reflect a wider vision: transparency and compliance in the world of digital assets.

With MiCA regulations pushing for a more systematic crypto space, the partnership between Tether and StablR further exemplifies how more and more stablecoin projects are aligning with European regulatory requirements. As 2024 draws to a close, exchanges and issuers are in a good position for a revolutionary period in European digital finance.

Related Reading | Bitcoin’s Bullish Surge: Will the Santa Claus Rally Push BTC to $123K?

Coinbase Sued for $1B: wBTC Delisting Sparks Legal Battle

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Key Takeaways:

  • BiT Global sues Coinbase over wBTC delisting and cbBTC launch, seeking $1 billion in damages.
  • Justin Sun and Coinbase’s leadership clash over motivations, with Sun questioning the exchange’s decision-making.
  • The crypto community is divided on Coinbase’s listing standards and BiT Global’s allegations.

BiT Global Digital Limited has filed a $1 billion lawsuit against Coinbase, accusing the exchange of unfairly delisting Wrapped Bitcoin (wBTC) to promote its competing token, cbBTC.

The complaint filed on Dec.13 accused Coinbase of having violated anti-trust laws by attempting to monopolize the wrapped Bitcoin market. According to BiT Global, this move affected wBTC’s market lead, significantly reducing financial results in the process and causing consumers a loss of confidence.

The controversy comes after the exchange’s announcement to delist wBTC on Nov. 19 for failing to meet its listing standards, without detailing what those failures were. BiT Global contends such a reason was a mere pretence to further the exchange’s interests at wBTC’s expense.

According to a spokesperson from BiT Global, this decision represented a “predatory attempt” to force through cbBTC while removing a significant competitor from the market.

Justin Sun and Coinbase Exchange Heated Remarks

Justin Sun, a known figure in the crypto industry and reportedly connected to BiT Global, weighed in on the issue via Twitter. He challenged the exchange CEO Brian Armstrong’s stance, asking, “Who has the final say at Coinbase?”

The response came from Coinbase via the Chief Legal Officer, Paul Grewal, in defense of the very choice to delist by noting that assets not meeting set standards get removed just as competitive options meeting the demands of the market also get introduced.

Sun’s move has received both praise and criticism, with some accusing him of undermining the broader crypto community, while others have expressed belief that the exchange’s move reflects inconsistent listing policies.

One community member remains skeptical of Coinbase’s statements regarding its high standards for listing, referring to certain tokens not having been listed, such as eCash (XEC), an indication of inconsistency.

Community Reaction Reflects Divided Sentiment

The news of the legal fight sparked debate among crypto enthusiasts. Some praised the commitment of Coinbase to keeping its listing standards high, underlining that such measures are extremely important for the trust in and growth of the whole industry.

Others blamed the parties on both side, while one mentioned Sun’s previous promises, still not delivered, like the promise to provide liquidity to FTX claimants, making his promises highly questionable.

A ruling on the case could set a very strong precedent for how exchanges go about the delisting of tokens and competitive practices going forward. Meanwhile, top cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Solana have shown resilience in the ongoing volatility of the sector.

Related Reading | AMP’s $27M Bitcoin Investment Marks Shift in Australian Pension Fund Market

Binance Drives Bitcoin’s (BTC) Rally as Coinbase Influence Weakens

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  • Binance hаs bеcomе thе dominаnt liquidity sourcе, surpаssing Coinbase in Bitcoin’s rеcеnt rаlly.
  • Anаlyst Mignolеt highlights Binance’s growing influеncе, supporting both institutionаl аnd rеtаil mаrkеt pаrticipаtion.
  • Anаlyst Ali Mаrtinеz prеdicts Bitcoin (BTC) could rеаch $275,000 bаsеd on а cup-аnd-hаndlе formаtion in its chаrt.

Bitcoin’s rеcеnt mаrkеt rаlly hаs cаught widеsprеаd аttеntion, but thе driving forcе bеhind its аscеnt rеvеаls а significаnt shift in liquidity sourcеs. Whilе thе cryptocurrеncy bеgаn this yеаr’s upwаrd trеnd with Coinbase аt thе hеlm, Binance is now lеаding thе chаrgе, signаling а rеdistribution of influеncе within thе mаrkеt.

A rеcеnt post titlеd “Coinbase Dominаncе Rеmаins Low” on CryptoQuаnt’s QuickTаkе plаtform undеrscorеs this trаnsition. Anаlyst Mignolеt notеd thаt Coinbase plаyеd а pivotаl rolе in thе rаlly’s еаrly stаgеs, pаrticulаrly whеn Bitcoin ETFs wеrе аpprovеd еаrliеr this yеаr. This influx of liquidity fuеlеd а surgе in trаding аctivity, momеntаrily disrupting trаditionаl hаlving cyclе еxpеctаtions. Howеvеr, аs thе rаlly continuеd, Coinbase’s dominаncе stаrtеd to dеclinе.

CryptoQuant post 1
Source: CryptoQuant

Binance Liquidity Gains Momentum

Thе аnаlyst rеvеаlеd thаt during Bitcoin’s sеcond rаlly phаsе, Binance еmеrgеd аs thе dominаnt plаyеr. Mignolеt strеssеd this chаngе by sаying, “Lеt mе rеitеrаtе: I’m not sаying thаt Coinbase liquidity is unimportаnt or insignificаnt. It’s incrеdibly importаnt. Whаt I аm highlighting is thаt thеrе’s аn еvеn morе criticаl sourcе of liquidity аt plаy: Binance.”

Binance’s growing influеncе rеflеcts liquidity flows from а broаdеr rаngе of mаrkеt pаrticipаnts. This trеnd highlights а strongеr аnd morе dеcеntrаlizеd mаrkеt structurе, drivеn by both institutionаl аnd rеtаil invеstors divеrsifying thеir plаtforms. Mignolеt’s аnаlysis suggеsts thаt Binance’s prominеncе in this phаsе of BTC’s rаlly hаs bееn instrumеntаl in sustаining bullish momеntum.

Bitcoin hаs rеcеntly shown signs of rеsiliеncе аftеr а briеf corrеction thаt sаw its pricе dip bеlow $95,000. As of now, thе cryptocurrеncy hаs rеboundеd to $100,698, mаrking а 2.75% pricе incrеаsе. This rеcovеry hаs brought Bitcoin to within 2.29% of its аll-timе high аbovе $103,000, аchiеvеd еаrliеr this month.

Bitcoin’s Chart Signals Strong Growth

Adding to thе optimistic outlook, аnаlyst Ali Mаrtinez notеd аggrеssivе buying аctivity by lаrgе holdеrs in а Dеc 11 post on X. According to Mаrtinez, 342 nеw wаllеts contаining morе thаn 100 BTC wеrе crеаtеd during Bitcoin’s pricе dеclinе from $104,000 to $90,000.. This аccumulаtion undеrscorеs thе confidеncе аmong mаjor invеstors, furthеr fuеling bullish sеntimеnt.

Xpost BTC 1
Source: Ali_Charts

Mаrtinez’s аnаlysis еxtеnds bеyond thе immеdiаtе rаlly. Hе prеdicts Bitcoin’s pricе could soаr to $275,000, citing а cup-аnd-handle formаtion on thе cryptocurrеncy’s onе-wееk chаrt аs а bаsis for this projеction. This prеdiction аligns with а broаdеr forеcаst from Tom Dunlеаvy, Chiеf Invеstmеnt Officеr аt MV Globаl, who аnticipаtеs Bitcoin rеаching $250,000 by thе еnd of 2025.

Related Readings | VET’s Massive Rise: Can VeChain Hit $1 in 2024?

Coinbase Integrates Chainlink to Unlock New Liquidity for Institutional Digital Assets

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  • Coinbase’s Project Diamond integrates Chainlink for cross-chain interoperability and secure asset management.
  • Chainlink’s technology enhances the platform’s ability to manage tokenized assets while ensuring compliance.
  • Peregrine, PSG Digital’s business, will be the first major user of the platform in the ADGM.

Coinbase’s Project Diamond, a platform for institutional asset issuers and fund managers, has implemented Chainlink’s robust infrastructure to smoothen the lifecycle management of tokenized assets.

This integration is a significant stride toward better interoperability and compliance of the digital asset industry. The network’s technology will introduce secure data access and cross-chain compatibility, which enables the institutional adoption of tokenized assets.

Chainlink’s Ensures a Secure, Compliant Digital Asset Lifecycle

Project Diamond, under the regulatory regime of the Financial Services Regulatory Authority of ADGM, focuses on creating a compliant digital asset platform for global institutions. By incorporating the network’s Cross-Chain Interoperability Protocol (CCIP), Coinbase looks to offer frictionless interoperability between public and private blockchains, ensuring that tokenized assets could be moved around with the same verifiable, high-quality data between blockchains.

Chainlink’s suite of services, including CCIP and Chainlink Functions, will enhance the assets on Coinbase’s platform, making sure that no matter what blockchain, they can receive key real-world data. Asset issuers and fund managers now have a compliant, secure, and highly scalable solution to manage their tokenized assets with this addition.

Peregrine Joins as Flagship User

Peregrine, the regulated arm of PSG Digital, will be the first significant user of Project Diamond in the Abu Dhabi Global Market (ADGM). The company aims to bring institutional-grade, real-world assets to the platform.

As the financial world increasingly gravitates toward digital asset solutions, Chainlink’s infrastructure promises to reduce costs, enhance transparency, and unlock new liquidity for institutional investors.

Facilitating the Next Generation of Digital Assets

According to Coinbase’s Marcel Kasumovich, with the integration of the Chainlink standard, asset issuers and banks will have a secured as well as scalable path ahead for creating complaint or tokenized assets. Given the network, Project Diamond will support institutional on-boarding globally.

Head of Chainlink Labs, Johann Eid further added that this tie-up is helpful in the lifecycle management of tokenized assets against demand for secure and verifiable data across financial systems.

Clearly, the adoption of the network shows that Coinbase is positioning Project Diamond as a key player in the future of institutional-grade digital asset management. This makes the utility of the platform greater, paving the way toward a more interoperable and compliant digital asset ecosystem.

Related | XRP Faces Atomic Wallet’s Bold Criticisms Amid 28% Dip

Coinbase CEO Blasts Crenshaw’s Renomination to SEC Ahead of Critical Senate Vote

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  • Coinbase CEO criticizes Crenshaw’s crypto policies as harmful to crypto innovation
  • Senate vote on Crenshaw’s renomination may reshape crypto regulations.
  • Crypto community links Senate vote to “Stand with Crypto” lawmaker scorecards.

Coinbase CEO Brian Armstrong has urged the Senate to reject Caroline Crenshaw’s SEC renomination, citing her restrictive crypto policies. The Senate’s decision could reshape U.S. cryptocurrency regulation.

Coinbase CEO Opposes Crenshaw’s Renomination to SEC Leadership

The United States Senate Banking Committee will vote on Caroline Crenshaw’s renomination to the SEC on December 11. Coinbase CEO Brian Armstrong has opposed Caroline Crenshaw’s renomination to the SEC because of her restrictive approach to cryptocurrency regulation.

The crypto community is closely monitoring the decision because of its potential regulatory change.

Armstrong criticized Crenslaw’s approach to crypto policies as well as accused her of hindering innovation and development of the crypto industry during her tenure. He expressed concerns over her opposition to spot Bitcoin ETFs, which have seen huge market success.

Bitcoin ETFs, recently saw record inflows which shows the increased acceptance of cryptocurrency-based financial products.  The BlackRock’s iShares Bitcoin Trust ETF(IBIT) hit $50B in assets at the same time Bitcoin reached an all-time high of $104K. Armstrong argues that Crenshaw’s actions prevented similar developments, damaging the crypto industry.

Armstrong pointed out that Crenshaw’s approach to regulation is more unfavourable than SEC Chair Gary Gensler’s. He warned that her renomination could lead to more regulatory challenges in the cryptocurrency sector.

Senate Vote on SEC’s Crenshaw Sparks Crypto Industry Debate

The Senate Banking Committee vote on December 11 has attracted attention from the cryptocurrency community.

If approved, Crenshaw could serve as SEC commissioner for another term until 2029, shaping SEC leadership during a critical period for crypto.

If her renomination is rejected, the incoming Trump administration could appoint a pro-crypto candidate. Armstrong has emphasized the importance of this decision for the crypto community’s future.

Crypto advocates argue that rejecting Crenshaw could pave the way for a more crypto-friendly SEC commissioner.

Armstrong also associated the vote to the ‘Stand with Crypto’ cards that record legislators’ positions on cryptocurrency policies. He said the vote might affect the relationship between the industry and political leaders. The result could have implications for the general legal framework for cryptocurrency.

The crypto industry has experienced tension in its relationship with the SEC because of perceived over-regulation. Armstrong’s remarks reflect a larger advocacy for policies that promote innovation while ensuring market stability. The Senate’s decision will influence the direction of crypto regulation in the United States.

Coinbase Fights FDIC’s Crypto Ban: Legal Battle Over “Pause Letters” Intensifies

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Key Takeaways:

  • The FDIC issued “pause letters” to financial institutions halting crypto-related activities.
  • Coinbase sued the FDIC, claiming these actions were part of a broader effort to block crypto from the banking sector.
  • The ongoing legal battle aims to expose the full extent of these actions, including unredacted documents.

The Federal Deposit Insurance Corporation (FDIC) has been accused of targeting the crypto industry by halting crypto-related banking activities. Major crypto exchange Coinbase is leading the charge on the legal front, seeking letters ordering financial institutions to halt all cryptocurrency-related activity – through a lawsuit filed against the FDIC in June.

The letters, which were heavily redacted, were obtained by Coinbase through its consultant firm, History Associates Inc. The exchange has long argued these actions represent an effort by the FDIC to choke the crypto sector’s access to essential banking services.

Coinbase Challenges FDIC’s Actions

In an X post, Coinbase’s Chief Legal Officer Paul Grewal lashed back at the FDIC; the situation was proof to him that Operation Chokepoint 2.0 is real.

He criticized the FDIC’s over-redacting of the letters and termed it a cover-up. According to Grewal, these letters are proof of an intentional and coordinated effort to prevent crypto businesses from banking, which leaves many of them without the critical ability to access financial services.

The lawsuit by Coinbase, therefore, seeks full transparency of the cases and unredacted versions so that the crypto industry truly appreciates the real extent and nature of these regulatory actions.

The Fight for Transparency Continues

These FDIC letters, which date through 2022, push the financial institutions to stop the crypto-related activities until the resolution of a series of questions about compliance from this regulator.

These demands seemed to call into question the undefined regulatory expectations of the FDIC, with a lack of clarity regarding what compliance would be needed for crypto to move forward. Though there were some public cautions placed by U.S. bank regulators on crypto, rules governing the industry do not yet exist.

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In light of the ongoing legal dispute, Coinbase is trying to lift many of the redactions that would hopefully expose a detailed look at the involved institutions, the nature of their activities, and reasoning toward the decisions by the FDIC.

Related Reading | Trump Appoints David Sacks to Revolutionize U.S. AI and Crypto Policies

Coinbase Withdraws from Turkey, Joins Growing Liquidation Trend

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Key Takeaways

  • The U.S. exchange has withdrawn its pre-application and filed for liquidation, exiting one of the largest global crypto markets.
  • Alongside Coinbase, other firms like QNB Digital Assets and Finceptor also requested liquidation.
  • While some crypto firms exit Turkey, others, like Yapi Kredi and BtcTurk, ramp up their custody service applications.

Coinbase, one of the leading U.S.-based cryptocurrency exchanges, has officially withdrawn from the Turkish market, according to the reports. This decision, confirmed by its withdrawal of a pre-application filed in August, marks a significant shift in the country’s crypto landscape.

In an update by the Turkish Capital Markets Board, Coinbase also filed for the liquidation of the company, a prelude to the end of its short-lived expansion attempts in Turkey.

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Source: Ahmet Karaca

The announcement also falls in line with greater challenges Coinbase faces, such as when it chose not to continue USDC yield offerings in Europe due to the European Union’s MiCA stablecoin regulations. The move elicited an uproar from large sections of social media, which lashed out at regulatory barriers placed on innovation.

Market Shifts Amid Liquidations

Turkey has remained a hotbed for cryptocurrency trading, ranking fourth in the world by trading volume and 11th in global adoption, according to Chainalysis. Despite this dynamic ecosystem, a wave of liquidations swept through the market. In addition to Coinbase, QNB Digital Assets and Koinim, among others, have filed for liquidation, bringing the number of liquidations to 14.

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Source: Chainalysis

On the opposite note, though, the applications from crypto custodial services go the other way around since, reportedly, their number grew by a third: along with Takasbank, with Eliptik Digital Custody Management, joined another major local player-Yapi Kredi Bank-in an ambition for some actual real-time implementations with due consideration towards regulations, within the widely gaining space of digital assets in Turkey.

Binance and KuCoin’s Cautious Approach

Other heavyweights also reboot their Turkish strategies. Global major exchanges like Binance and KuCoin pulled Turkish language support on the platforms and dialed back local marketing in September, citing this move as compliance with local rules targeting non-local crypto service providers.

It also portrays the dual narrative being witnessed in the Turkish crypto market: while some firms retreat to the rising regulations, others double down and scale up localized, fully compliant operations. This move by Coinbase underlines an increasingly complex balance between global expansion and the adaptation to regulation.

Related Reading | $DOGE Whale Scores $9.12M Profit After Acquiring 1.58M Tokens

Crypto Regulation Set for Quick Passage with Trump in Office, Says Coinbase Exec

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Key Takeaways:

  • Faryar Shirzad expects fast movement on digital assets legislation after Trump takes office.
  • The pro-crypto Congress and Trump’s support are key to passing legislation.
  • Shirzad remains optimistic about stablecoin and market structure bills in 2025.

Faryar Shirzad, Chief Policy Officer at Coinbase, is very optimistic about the outlook of cryptocurrency legislation in the U.S. under a Trump administration. In an interview recently, he had said that digital assets regulation would be fast-tracked in Congress with Donald Trump as president and the Republican Party in control of the House and Senate.

Shirzad stressed that some important digital assets legislation may get passed in the next couple of years and that the pro-crypto Trump administration would be at the forefront of the legislative push. “We have the most pro-crypto Congress ever,” he said, citing the combination of political will and a clear pro-crypto agenda.

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Stablecoin and Market Structure Bills in Progress

This has been a couple of the big legislative pieces moving through Congress. First, the Financial Innovation and Technology for the 21st Century Act would put into place a legal framework for digital assets. It has already moved through the House of Representatives.

While the second, the Clarity for Payment Stablecoins Act, deals with the regulation for issuers of stablecoins and ensuring that the rules are followed in the space for digital currency. The bill for the stablecoin has not passed a vote in the House, though Shirzad remains hopeful the bills will pass in 2025 and mark the first major regulation for the industry.

Crypto’s Growing Political Influence

The digital assets industry has increasingly made its presence felt in the political arena, with crypto PACs and advocacy groups raising substantial funds to support candidates aligned with pro-crypto policies. Data shows these groups have raised over $245 million to back political campaigns.

Shirzad added that close to 300 lawmakers friendly toward digital assets will be sworn into the next Congress, a factor that speaks to the growing clout of the crypto sector-not just in legislation, but in shaping the political landscape.

With Trump now preparing to take over the presidency, his nominees for various positions, including the replacement for SEC Chair Gary Gensler, would be sure to continue in this vein by setting a solid base for digital asset’s future in the US.

Related Reading | Altcoins Eye for December Rally As Bitcoin Dominance Breaks 2-Year Support

Coinbase Cuts USDC Rewards for EEA Users: MiCA’s New Impact on Crypto

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  • Starting December 1, Coinbase will stop offering USDC rewards for EEA users due to the new MiCA regulations.
  • EEA users will receive rewards for USDC until November 30, with payments made by December 10, Coinbase confirms.
  • MiCA regulation forces Coinbase, Bitstamp, and Tether to overhaul stablecoin services within the European market.

Coinbase announced that it will no longer offer rewards for USDC holders in the EEA effective December 1st due to the impending MiCA regulation. The exchange sent an email to its users on November 28 highlighting the effects of new regulations on stablecoins.

In its statement, Coinbase explained that the move is a result of MiCA categorizing stablecoins as “e-money tokens” which lead to the emergence of new requirements for issuers. Coinbase will discontinue the rewards program for USDC holders in the EEA, however, users will continue to receive yield on their balances until November 30. Any rewards earned will be sent out no later than the first 10 business days of December.

Coinbase’s APY and Compliance

Coinbase’s USDC rewards program has been used in more than 100 jurisdictions of the world. It enables the user to stake USDC to earn daily yields on their deposited amount. The exchange’s APY ranged from the beginning of each year and was based on the user’s geographical location to encourage users holding USDC on the platform.

The move follows several crypto firms that are operating within the EEA to alter their services to conform with the MiCA regulations that are expected to reinforce rule changes on stablecoins. In early October, Coinbase shared its intention to do away with non-compliant stablecoins in its platform in MiCA-compliant regions.

Similarly, Bitstamp and Binance have also followed the same line of action in response to MiCA. Bitstamp announced that it was delisting EURT after the stablecoin did not meet the new guidelines for the regulatory compliance of the token. In the meantime, Binance has actually offered limited services for unregulated stablecoins since June.

Tether’s MiCA Compliance Efforts

Stablecoin issuer Tether has also followed the rules of MiCA. On November 18, the company invested in the Dutch fintech company Quantoz to design stablecoins that are compatible with the MiCA, EURQ and USDQ. Only days after this, on November 27, Tether stated that it would discontinue support for its EURt stablecoin, which is linked to the euro, with the token’s holders able to redeem the token until November 27, 2025.

With the MiCA regulation on the horizon, Coinbase and other companies in the crypto-industry are confronted with the problem of adjusting their offers to the changing requirements of the regulation. These changes will have consequences for the functioning of stablecoins in the European market.

Floki Listed! Insider Wallets Show the Next Memecoin Jackpot

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  • Tier-1 exchanges like Coinbase and Binance secretly accumulate memecoins before public listings.
  • Recent Coinbase listings of PEPE, WIF, and FLOKI spark excitement.
  • On-chain analysis reveals insider wallets profiting from memecoin surges.

Crypto exchanges’ recent meme coins listings including Floki Inu without prior announcements have raised speculation of insider strategy. There’s no doubt that the meme coin market is in a frenzy as Tier-1 exchanges such as Coinbase and Binance introduce new tokens at rapid space. Market observers believe that these platforms are capitalizing on the meme coin craze, attracting massive trading volume and generating substantial profits through fees.

However, one analyst suggests that insiders are secretly accumulating meme coins before public listings, setting the stage for massive gains. He termed this as the Tier-1 exchange effect. For instance, Coinbase, in recent months, has listed tokens like PEPE and WIF out of the blue, catching the market off guard. Now, Floki Inu has too joined the bandwagon, fueling speculation of insider trading patterns. This strategy has led to significant windfalls for early investors, with some tokens like PNUT and ACT delivering up to 100x gains.

Floki Inu
Floki Listed! Insider Wallets Show the Next Memecoin Jackpot 9

Based on-chain data, wallets linked to these exchanges have accumulated specific meme coins well before their official listings. With a combined strategy of buying low and capitalizing on post-listing price surges, insiders have reaped huge rewards. This pattern underscores the importance of identifying potential meme coins before they hit major platforms.

Floki Inu: Memecoin Profits Driven by Insider Accumulation

As per the analyst, the latest meme coin trend goes beyond just hype, it’s about timing. On-chain analysis suggests that exchanges strategically buy tokens in advance, leveraging market demand to drive prices higher after listing. For investors, this presents both an opportunity and a challenge: to identify the next breakout token before it becomes mainstream.

Coinbase’s recent addition of Floki Inu signals a continuation of this trend, with the memecoin community eagerly watching for the next big move. As more investors become aware of the Tier-1 exchange effect, the competition to spot insider wallets and profitable tokens intensifies.