Crypto News: SEC Meme Coin Ruling, Meta Planet Bitcoin Acquisition, Bitwise Aptos ETF
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In this video from The Modern Investor, they delve into the SEC's recent bombshell: meme coins like Dogecoin are not considered securities. It's like saying a rubber duck isn't a bath toy - mind-boggling! This move leaves these coins in a gray area, prone to scams and pump-and-dump schemes. The channel questions the SEC's logic, warning viewers about the dangers of diving into meme coins. It's a wild ride in the crypto world, with uncertainty looming over these meme-inspired tokens.
Meanwhile, Meta Planet, a Japanese company, is on a Bitcoin-buying spree. They're issuing bonds to acquire a whopping 10,000 Bitcoin this year and aim for 21,000 by next year. It's like a high-stakes game of Monopoly, but with digital gold. The CEO's bullish stance on Bitcoin has sent their stock price soaring by an eye-watering 4,000%. It's a bold move that's turning heads in Tokyo and beyond.
On the other side of the crypto spectrum, Bitwise is making waves with a new ETF for Aptos. But here's the kicker - Aptos isn't exactly the talk of the town in the crypto community. It's like trying to sell ice to Eskimos. The channel raises eyebrows at this move, questioning the motives behind launching an ETF for a less popular coin. If approved, Bitwise could be the trailblazer in the US for an ETF tied to Aptos, a coin that's flying under the radar. It's a bold move that's got everyone scratching their heads in the fast-paced world of crypto.
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