Author: dfmines

A Bitcoin whale is wagering hundreds of millions on Bitcoin’s short-term decline, ahead of a week filled with key economic reports that may significantly impact Bitcoin’s price trajectory and risk appetite among investors.A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) worth over $368 million, which functions as a de facto bet on Bitcoin’s price fall.Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.Source: HypurrscanThe investor has generated over $2 million in unrealized profit, however, he has an over $200,000 loss on his position’s funding fees, Hypurrscan data shows.Despite the heightened risk of leveraged trading, some crypto investors are making significant profits with this strategy. Earlier in March, a savvy trader gained $68 million on a 50x leveraged short position, banking on Ether’s (ETH) 11% price decline.The leveraged bet comes ahead of a week of numerous significant macroeconomic releases, including the upcoming Federal Open Market Committee (FOMC) meeting on March 19, which may impact investor appetite for risk assets such as Bitcoin.Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspensionBitcoin needs weekly close above $81k to avoid pre-FOMC downside: analystsBitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs.To avoid downside volatility ahead of the FOMC meeting, Bitcoin will need a weekly close above $81,000, according to Ryan Lee, chief analyst at Bitget Research,The analyst told Cointelegraph:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”Related: Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle: AnalystsThe analyst’s comments come days ahead of the next FOMC meeting scheduled for March 19. Markets are currently pricing in a 98% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Source: CME Group’s FedWatch tool“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets,” added the analyst.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – Mar. 1

As the U.S. gears up to launch a Strategic Bitcoin Reserve (SBR), spurred by President Trump’s Executive Order, North Korea has slyly vaulted into the top three global holders of bitcoin. This shift comes amid suspicions that a hacking syndicate—suspected to be orchestrated by the North Korean government—has been funneling illicit gains into BTC, turning […]

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.April could spark 50% BTC price upsideBitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  “Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”Bitcoin seasonal comparison. Source: Timothy Peterson/XPeterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below which BTC/USD never falls after a crossing above them at a certain point. After its recovery from multi-year lows in March 2020, Lowest Price Forward predicted that BTC price would never trade under $10,000 again from September onward.Meanwhile, a new likely floor level has appeared this year: $69,000, as Cointelegraph reported, which has a “95% chance” of holding.Continuing, Peterson stipulated a median target of $126,000 with a deadline of June 1. Alongside a chart showing the performance of $100 in BTC, he also revealed that limp bull market performance has always been temporary.“Bitcoin average time below trend = 4 months,” he explained.“The red dotted trend line = $126,000 on June 1.”Bitcoin growth of $100 comparison. Source: Timothy Peterson/XA standard Bitcoin bull market comedownOther popular market commentators continue to emphasize that Bitcoin’s recent trip to $76,000 is standard corrective behavior.Related: Watch these Bitcoin price levels as BTC retests key $84K resistance“You don’t have to look at the previous BTC bull runs to understand that corrections are a part of the cycle,” popular trader and analyst Rekt Capital wrote in part of X analysis of the phenomenon at the start of March.Rekt Capital counted five of what he called “major pullbacks” in the current cycle alone, going back to the start of 2023.BTC/USD 1-week chart. Source: Rekt Capital/XAnalysts at crypto exchange Bitfinex told Cointelegraph this weekend that the current lows mark a “shakeout,” rather than the end of the current cycle.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.April could spark 50% BTC price upsideBitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  “Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”Bitcoin seasonal comparison. Source: Timothy Peterson/XPeterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below which BTC/USD never falls after a crossing above them at a certain point. After its recovery from multi-year lows in March 2020, Lowest Price Forward predicted that BTC price would never trade under $10,000 again from September onward.Meanwhile, a new likely floor level has appeared this year: $69,000, as Cointelegraph reported, which has a “95% chance” of holding.Continuing, Peterson stipulated a median target of $126,000 with a deadline of June 1. Alongside a chart showing the performance of $100 in BTC, he also revealed that limp bull market performance has always been temporary.“Bitcoin average time below trend = 4 months,” he explained.“The red dotted trend line = $126,000 on June 1.”Bitcoin growth of $100 comparison. Source: Timothy Peterson/XA standard Bitcoin bull market comedownOther popular market commentators continue to emphasize that Bitcoin’s recent trip to $76,000 is standard corrective behavior.Related: Watch these Bitcoin price levels as BTC retests key $84K resistance“You don’t have to look at the previous BTC bull runs to understand that corrections are a part of the cycle,” popular trader and analyst Rekt Capital wrote in part of X analysis of the phenomenon at the start of March.Rekt Capital counted five of what he called “major pullbacks” in the current cycle alone, going back to the start of 2023.BTC/USD 1-week chart. Source: Rekt Capital/XAnalysts at crypto exchange Bitfinex told Cointelegraph this weekend that the current lows mark a “shakeout,” rather than the end of the current cycle.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.April could spark 50% BTC price upsideBitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  “Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”Bitcoin seasonal comparison. Source: Timothy Peterson/XPeterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below which BTC/USD never falls after a crossing above them at a certain point. After its recovery from multi-year lows in March 2020, Lowest Price Forward predicted that BTC price would never trade under $10,000 again from September onward.Meanwhile, a new likely floor level has appeared this year: $69,000, as Cointelegraph reported, which has a “95% chance” of holding.Continuing, Peterson stipulated a median target of $126,000 with a deadline of June 1. Alongside a chart showing the performance of $100 in BTC, he also revealed that limp bull market performance has always been temporary.“Bitcoin average time below trend = 4 months,” he explained.“The red dotted trend line = $126,000 on June 1.”Bitcoin growth of $100 comparison. Source: Timothy Peterson/XA standard Bitcoin bull market comedownOther popular market commentators continue to emphasize that Bitcoin’s recent trip to $76,000 is standard corrective behavior.Related: Watch these Bitcoin price levels as BTC retests key $84K resistance“You don’t have to look at the previous BTC bull runs to understand that corrections are a part of the cycle,” popular trader and analyst Rekt Capital wrote in part of X analysis of the phenomenon at the start of March.Rekt Capital counted five of what he called “major pullbacks” in the current cycle alone, going back to the start of 2023.BTC/USD 1-week chart. Source: Rekt Capital/XAnalysts at crypto exchange Bitfinex told Cointelegraph this weekend that the current lows mark a “shakeout,” rather than the end of the current cycle.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin’s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could potentially crash.  Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? Mike McGlone believes that the firstborn crypto might plummet to a low of $10,000 per coin, reigniting concerns that Bitcoin might experience another deep correction similar to 2011 when Bitcoin dipped by as much as 92%. BTC To Crash To $10K? McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, predicted that Bitcoin might be heading to what he described as a devastating collapse, resulting in the crypto sliding to $10,000. “Bitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold – #Gold is up about the same amount in 2025 to March 13 — about 15% — that #Bitcoin is down,” McGlone said. If Bitcoin will plunge to $10,000, it will represent a 90% decrease from BTC’s all-time high of $109,000 in January 2025. On the other hand, it will fall by 88% if based on its current price of about $83,000. Bitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold – #Gold is up about the same amount in 2025 to March 13 — about 15% — that #Bitcoin is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&P 500 could suggest what… pic.twitter.com/aMgL0LANFt — Mike McGlone (@mikemcglone11) March 14, 2025 The analyst explained that Bitcoin is more likely to face a significant correction that might push it downward to $10,000. Historically, the firstborn crypto experienced a deep correction in 2011 when the BTC declined to 92% from its high at that time. Has The Crash Begun?  In an X post, McGlone suggested Bitcoin’s crash to $10,000 may have already started, citing that risk markets are showing signs of overheating while gold rises. The analyst explained that gold has increased by 1% while Bitcoin went down, saying, “But with Bitcoin at about $80,000, what stops those trajectories?”  “About a 6% decline in the S&P 500 could suggest what matters. The biggest #ETF launch in history, President Donald Trump’s shift to highly volatile and speculative #cryptos, and reelection could prove [a] peak-bubble akin to about 25 years ago,” he added in a post, suggesting that BTC might have reached the peak of a dot-com-style bubble. Rebuttal Of The Analysis Many Bitcoin proponents and analysts disagree with McGlone’s analysis, with one crypto analyst, David Weisberger countering the evaluation of the Bloomberg analyst, saying his assessment was flawed. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? “When one considers an option as an asset, THIS is what happens to one’s analysis. If there was ZERO increase in Bitcoin adoption and IF those who invested thinking Bitcoin will demonetize gold change their minds and IF the stock market correction turns into a rout, and IF “BETA” was stable, Then this scenario could play out,” Weisberger explained.  He argued that the scenario in McGlone’s analysis is unlikely to happen. “I think none of the above will happen with a chance the stock market crashes, which, of course, would trigger a flood of liquidity.” Featured image from Gemini Imagen, chart from TradingView

The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token, has launched a new Solana-based memecoin with an over 80% insider supply.Davis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.The token reached a peak $42 million market cap. However, 82% of the WOLF token’s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:“The bubble map revealed something strange — $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?”Source: BubblemapsThe blockchain analytics platform revealed transfers across 17 different addresses stemming back to address “OxcEAe” owned by Davis.“He funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,” Bubblemaps added.Source: BubblemapsThe Wolf memecoin lost over 99% of its value within two days, from the peak $42.9 million market capitalization on March 8 at 4:00 am UTC to just $570,000 by publication time, Dexscreener data shows.WOLF/SOL, market cap, 1-hour chart. Source: DexscreenerDavies’ latest token launch comes weeks after the Libra token’s collapse, where eight insider wallets cashed out $107 million in liquidity, leading to a $4 billion market cap wipeout within hours.The Libra token turned into a political issue, with Argentine President Javier Milei risking impeachment after his endorsement of the Libra coin.Argentine lawyer Gregorio Dalbon has asked for an Interpol Red Notice to be issued for Davis, citing a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.Related: Milei-endorsed Libra token was ‘open secret’ in memecoin circles — JupiterMemecoins are turning into “retail value extraction tools”Memecoins are turning against crypto’s fundamental ethos of decentralization, becoming increasingly used to exploit retail investors amid the growing number of rug pulls, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”Related: TRUMP, DOGE, BONK ETF approvals ‘more likely’ under new SEC leadershipInvestors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” she added.United States regulators are becoming increasingly aware of the growing memecoin scams.A New York lawmaker introduced a bill that would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls, Cointelegraph reported on March 6.Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token, has launched a new Solana-based memecoin with an over 80% insider supply.Davis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.The token reached a peak $42 million market cap. However, 82% of the WOLF token’s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:“The bubble map revealed something strange — $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?”Source: BubblemapsThe blockchain analytics platform revealed transfers across 17 different addresses stemming back to address “OxcEAe” owned by Davis.“He funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,” Bubblemaps added.Source: BubblemapsThe Wolf memecoin lost over 99% of its value within two days, from the peak $42.9 million market capitalization on March 8 at 4:00 am UTC to just $570,000 by publication time, Dexscreener data shows.WOLF/SOL, market cap, 1-hour chart. Source: DexscreenerDavies’ latest token launch comes weeks after the Libra token’s collapse, where eight insider wallets cashed out $107 million in liquidity, leading to a $4 billion market cap wipeout within hours.The Libra token turned into a political issue, with Argentine President Javier Milei risking impeachment after his endorsement of the Libra coin.Argentine lawyer Gregorio Dalbon has asked for an Interpol Red Notice to be issued for Davis, citing a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.Related: Milei-endorsed Libra token was ‘open secret’ in memecoin circles — JupiterMemecoins are turning into “retail value extraction tools”Memecoins are turning against crypto’s fundamental ethos of decentralization, becoming increasingly used to exploit retail investors amid the growing number of rug pulls, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”Related: TRUMP, DOGE, BONK ETF approvals ‘more likely’ under new SEC leadershipInvestors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” she added.United States regulators are becoming increasingly aware of the growing memecoin scams.A New York lawmaker introduced a bill that would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls, Cointelegraph reported on March 6.Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token, has launched a new Solana-based memecoin, with an over 80% insider supply.Davis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.The token reached a peak $42 million market cap, however, 82% of the WOLF token’s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:“The bubble map revealed something strange — $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?”Source: BubblemapsThe blockchain analytics platform revealed transfers across 17 different addresses stemming back to address ‘OxcEAe’ owned by Davis.“He funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,” Bubblemaps added.Source: BubblemapsThe Wolf memecoin lost over 99% of its value within two days, from the peak $42.9 million market capitalization on March 8 at 4:00 a.m. UTC, to just $570,000 at press time, Dexscreener data shows.WOLF/SOL, market cap, 1-hour chart. Source: DexscreenerDavies’ latest token launch comes weeks after the Libra token’s collapse where eight insider wallets cashed out $107 million in liquidity, leading to a $4 billion market cap wipeout within hours.The Libra token turned into a political issue, with Argentinian President Javier Milei risking impeachment after his endorsement of the Libra coin.Argentine lawyer Gregorio Dalbon has asked for an Interpol Red Notice to be issued for Davis citing a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.Related: Milei-endorsed Libra token was ‘open secret’ in memecoin circles — JupiterMemecoins are turning into “retail value extraction tools”Memecoins are turning against crypto’s fundamental ethos of decentralization, becoming increasingly used to exploit retail investors amid the growing number of rug pulls, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”Related: TRUMP, DOGE, BONK ETF approvals ‘more likely’ under new SEC leadershipInvestors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” she added.United States regulators are becoming increasingly aware of the growing memecoin scams.A New York lawmaker introduced a bill that would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls, Cointelegraph reported on March 6.Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token, has launched a new Solana-based memecoin, with an over 80% insider supply.Davis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.The token reached a peak $42 million market cap, however, 82% of the WOLF token’s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:“The bubble map revealed something strange — $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?”Source: BubblemapsThe blockchain analytics platform revealed transfers across 17 different addresses stemming back to address ‘OxcEAe’ owned by Davis.“He funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,” Bubblemaps added.Source: BubblemapsThe Wolf memecoin lost over 99% of its value within two days, from the peak $42.9 million market capitalization on March 8 at 4:00 a.m. UTC, to just $570,000 at press time, Dexscreener data shows.WOLF/SOL, market cap, 1-hour chart. Source: DexscreenerDavies’ latest token launch comes weeks after the Libra token’s collapse where eight insider wallets cashed out $107 million in liquidity, leading to a $4 billion market cap wipeout within hours.The Libra token turned into a political issue, with Argentinian President Javier Milei risking impeachment after his endorsement of the Libra coin.Argentine lawyer Gregorio Dalbon has asked for an Interpol Red Notice to be issued for Davis citing a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.Related: Milei-endorsed Libra token was ‘open secret’ in memecoin circles — JupiterMemecoins are turning into “retail value extraction tools”Memecoins are turning against crypto’s fundamental ethos of decentralization, becoming increasingly used to exploit retail investors amid the growing number of rug pulls, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”Related: TRUMP, DOGE, BONK ETF approvals ‘more likely’ under new SEC leadershipInvestors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” she added.United States regulators are becoming increasingly aware of the growing memecoin scams.A New York lawmaker introduced a bill that would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls, Cointelegraph reported on March 6.Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked