Schlagwort: crypto business

As investors take note of the opportunities available in the market, one project attracting massive attention is iDEGEN.

On February 27, 2025, the AI agent project’s token IDGN will go live. Ahead of this highly anticipated listing, the iDEGEN presale is on fire.

Why is iDEGEN trending?

Fresh momentum amid huge developments in the artificial intelligence space have seen the project top $22.6 million. With just 10 days to go, the scramble to be part of the AI agent revolution is set to get even more frenzied.

This is because of the potential for iDEGEN to take over the AI meme coin space. iDEGEN is the first degen raised AI agent. Its unique approach had the agent starting off as a blank slate. However, it has learned everything from the community and posts once every hour.

An unfiltered approach and a growing market combine to put this project on top of the trending list. Over the past several weeks, iDEGEN has taken the center stage in driving the conversation on Crypto Twitter. Notably, the iDEGEN TikTok account is also recording a sharp spike in followers.

While its uncensored approach has landed the iDEGEN AI agent into X trouble, the bans have only helped fuel interest among investors.

Per details on the project’s presale page, the number of social impressions has jumped to over 2.5 million. The ICO has seen over 1.7 billion tokens sold, with potential hodlers currently above 24,700.

iDEGEN’s strong ICO run ahead of its debut in the market has investors excited for what’s possible. Speculation that top crypto exchanges could be eyeing IDGN for listing has only sparked further interest.

Is iDEGEN worth a look today?

The AI agent market is relatively small despite the recent breakout success for projects like Virtuals Protocol and ai16z. CoinGecko data shows the sector’s market cap today at $7 billion. In comparison, the meme coins market is at $81 billion and AI memes at just over $3 billion.

Given, the broader AI market, where OpenAI, Nvidia, Google and Microsoft among others are heavily investing in, is projected to rise further. These initiatives, including Project Stargate, suggest it might be early days for iDEGEN and other projects.

Presale opportunity is thus likely to be a major coup for early birds. Interestingly, there’s just 10 days to go before IDGN its exchanges on February 27, 2025. Buying at the current presale price of $0.0285 provides a bargain offer, with iDEGEN’s final presale price set at $0.038.

iDEGEN also offers staking opportunity, which has already attracted close to 100 million in staked tokens.

To learn more about iDEGEN, visit the official website.

The post Is iDEGEN (IDGN) worth a look as presale hits $22m? appeared first on CoinJournal.

• Dubai’s Virtual Assets Regulatory Authority has warned of memecoin risks and high volatility
• Compliance with VARA regulations is mandatory for memecoins
• VARA may restrict memecoin platforms without notice

Dubai’s Virtual Assets Regulatory Authority (VARA) has sounded the alarm on the burgeoning trend of memecoins, highlighting the significant risks these volatile digital assets pose to investors.

In an alert issued on February 13, 2025, VARA cautioned consumers and investors about the speculative nature and potential for financial loss associated with these digital currencies.

Memecoins, which have gained notoriety for their rapid price fluctuations driven by social media trends and speculative hype, are now under the regulatory microscope in Dubai.

VARA describes these assets as lacking intrinsic value, often manipulated by market forces or misleading promotional strategies. The authority warns that the allure of quick, unrealistic returns is a red flag often associated with fraudulent schemes, urging investors to tread carefully.

The regulatory body emphasizes that the landscape of memecoins is fraught with dangers such as liquidity shortages, price collapses, and outright scams. The potential for significant financial loss is high, and the speed at which these events can occur is alarming.

Investors are reminded that the vibrant community and social media buzz around a memecoin might not translate into sustainable investment value.

Memecoins issued within Dubai must comply with regulations

VARA has made it clear that any memecoin issued within Dubai must comply with its established regulations. This includes the stringent marketing rules designed to protect consumers from deceptive advertising.

The promotion, advertisement, or solicitation of memecoins must adhere to VARA’s guidelines, or face the possibility of enforcement actions. The authority has the power to impose fines, with penalties reaching up to $135,000 for those who flout these rules.

Moreover, VARA has the authority to restrict access to memecoin platforms without prior notice, a measure intended to safeguard the market and protect investors. This capability underscores the regulator’s commitment to maintaining market integrity and ensuring consumer safety in the volatile world of digital assets.

The push for crypto regulatory oversight worldwide

The warning from VARA is part of a broader push for regulatory oversight in the cryptocurrency market, not just in Dubai but globally.

The United Kingdom’s Financial Conduct Authority (FCA), for instance, has also been scrutinizing memecoins. It recently issued warnings against specific projects like Retardio on the Solana blockchain, highlighting the lack of investor protections in such ventures.

VARA’s alert serves as a reminder that while the digital asset space offers innovation and potential, it also harbours significant risks. The authority’s proactive stance in Dubai aims to ensure that the excitement around new forms of digital currency does not overshadow the need for due diligence and regulatory compliance.

The post Dubai’s VARA issues warning about the risks associated with memecoins appeared first on CoinJournal.

• If approved, the Dogecoin and XRP ETFs will trade on the NYSE Arca exchange
• The SEC has 240 days to approve or reject the filings once they have been submitted to the SEC’s federal register
• Last week, the Cboe filed four XRP ETFs on behalf of 21Shares, Bitwise, Canary Capital, and WisdomTree

The US Securities and Exchange Commission (SEC) has acknowledged 19b-4 filings from Grayscale to list spot Dogecoin and XRP exchange-traded funds (ETFs).

The SEC announced the acknowledgements of the Grayscale Dogecoin Trust and the Grayscale XRP Trust on February 13. If approved, NYSE Arca will list the shares of the two trusts.

The 240-day window countdown will only begin once both filings have been submitted to the SEC’s federal register.

Multiple ETFs

Over the last few weeks, various organizations have submitted 19b-4 forms to the SEC to list and trade crypto ETFs.

Last week, the Chicago Board Options Exchange (Cboe) filed four separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs). These were filed for 21Shares, Bitwise, Canary Capital, and WisdomTree.

In October, Bitwise filed an S-1 form with the SEC for an XRP ETF. Similarly, Canary Capital filed for an XRP ETF last year, reflecting its broader strategy of bringing multiple crypto ETFs to the market.

This round of ETF forms comes as the SEC is undergoing a major shift, which could see a more crypto-friendly approach. Crypto-friendly Mark Uyeda is currently the acting chair of the SEC.

The odds are on a Litecoin ETF

Despite a push for XRP ETFs, Bloomberg analysts believe that a Litecoin ETF has a 90% chance of being approved in 2025.

James Seyffart and Eric Balchunas looked at the spot crypto ETFs, mainly focusing on Dogecoin, Litecoin, Solana, and XRP. In their opinion – after Litecoin – a Dogecoin ETF has a 75% chance of approval, a Solana ETF has a 70% chance, and an XRP ETF has a 65% approval rating.

Seyffart added that it’s unlikely the market will see an XRP ETF until the whole Ripple/XRP/SEC case is settled, finished, or has some sort of outcome.

“The SEC needs to untangle that mess,” he said.

Nasdaq filed two 19b-4 forms with the US Securities and Exchange Commission (SEC) on behalf of CoinShares for Litecoin and XRP exchange-traded funds (ETFs).

Nasdaq is seeking approval to list and trade a CoinShares Litecoin ETF and XRP ETF after CoinShares submitted its S-1 filings in January.

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