Simon Howis


Maximizing Exposure: A Comprehensive Guide on Promoting Crypto Presale Projects with and

Only 2 websites can help you promote your crypto project you may be asking How do i promote my crypto project ? here is Free Crypto Marketing Guide

Cryptocurrency presale projects have become a popular avenue for investors seeking early access to promising digital assets. However, successfully promoting these presale projects requires a strategic approach. In the fast-evolving world of cryptocurrencies, launching a successful presale is a crucial step for any blockchain project. To ensure the success of your crypto presale, effective promotion is essential. This article explores two powerful platforms, and, and delves into the strategies they offer for promoting crypto presale projects.

1. Unleashing the Power of Crypto News and Press Releases stands out as a dynamic platform that combines crypto news and free press release distribution. Here’s how you can leverage this platform to promote your crypto presale project:

  1. – Cost-Effective Advertising: With, you can advertise your presale project on its homepage at a reasonable cost. This ensures that your project gains visibility among the platform’s engaged audience without breaking the bank.
  2. – Free Press Release Distribution: Utilize’s free press release distribution service to announce your presale project to a broader audience. Craft a compelling press release that highlights the unique aspects of your project and attracts potential investors.

Free Crypto PR

Free crypto press release PR at

2. A Powerhouse for Crypto Marketing has established itself as a massive crypto marketing website that has successfully raised millions of dollars for various projects. Here’s how can supercharge your presale promotion efforts:

promote your crypto project with coinglu massive marketing

  1. – Multi-Platform Promotion: employs a comprehensive approach to promotion, covering various platforms such as Twitter, Facebook groups, Telegram, and other social media channels. This multi-platform strategy ensures that your presale project reaches a diverse audience.
  2. – Shilling on Twitter: engages in strategic shilling on Twitter, utilizing influencers and thought leaders in the crypto space to create buzz around your project. This can significantly increase visibility and attract potential investors.
  3. – Promotion Across Social Media: Leveraging Facebook groups, Telegram communities, and other social media websites, promotes your presale project to crypto enthusiasts and potential investors. This wide-reaching strategy taps into the engaged communities on these platforms.
  4. – Coverage on Top Crypto News Websites: goes beyond social media by securing coverage on top crypto news websites and press release platforms. This additional exposure can establish credibility and trust in your presale project.

Promote your crypto project with CoinGlu

Successfully promoting a crypto presale project requires a strategic and multi-faceted approach. By combining the cost-effective advertising and press release distribution services of with the extensive and diverse marketing strategies of, you can maximize the visibility of your project and attract potential investors. Remember to tailor your promotion strategy to highlight the unique features and value propositions of your presale project, ultimately setting the stage for a successful fundraising campaign in the competitive crypto landscape.

Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have jointly issued a public warning against an entity masquerading as crypto exchange MEXC Global.

The scammers are reportedly pretending to be a legitimate virtual asset trading platform (VATP) and luring unsuspecting victims into participating in what appears to be a crypto investment scam.

The scammers are reportedly pretending to be a legitimate virtual asset trading platform (VATP) and luring unsuspecting victims into participating in what appears to be a crypto investment scam.

The list of blocked web domains included in the alert shows the scammers are using links with addresses that start with “mexc” and end in random alphabets akin to phishing links.

MEXC Global’s actual website does not appear in the list as of press time.

Fraud warning
The SFC has placed MEXC and its associated websites on the Suspicious Virtual Asset Trading Platforms Alert List as of Feb. 9, following intelligence shared between the SFC and the police under a joint working group focused on monitoring and investigating illegal activities in the virtual asset space.

Victims were reportedly drawn into social media or instant messaging chat groups under the guise of receiving free investment advice, only to be directed to MEXC-operated websites for crypto purchases. Subsequently, these individuals were prompted to deposit funds into specific bank accounts for investment purposes, facing difficulties when attempting to withdraw their funds later.

The Hong Kong Police have taken steps to block access to websites operated by MEXC. However, there is an ongoing concern that MEXC may continue to create new websites with similar domain names to perpetuate their fraudulent scheme. The public is urged to exercise caution and remain vigilant against such deceptive practices.

The SFC’s repeated warnings emphasize the importance of due diligence and the need for investors to be wary of “too-good-to-be-true” investment opportunities, especially those promoted through social media platforms and instant messaging apps.

The regulatory body said that fraudulent, unlicensed platforms often adopt names similar to legitimate entities to mislead investors. The public is advised to verify the legitimacy of virtual asset trading platforms before engaging in any investment activities to safeguard against potential fraud.

Regulatory crackdown
The warning against MEXC comes amidst a broader regulatory crackdown on unlicensed crypto operations in Hong Kong following the introduction of a regulatory framework for licensing crypto exchanges last year.

The SFC recently reminded entities engaged in crypto exchange services to apply for licenses by Feb. 29 or cease operations by May 31. To date, Hong Kong has issued licenses to two platforms under the new framework — HashKey and OSL.

Additionally, Hong Kong authorities have launched a public consultation on legislative proposals aimed at implementing a comprehensive licensing regime for providers of over-the-counter virtual asset trading services.

This initiative seeks to mandate licensing requirements for entities offering spot trading services for virtual assets and proposes extending the oversight of the Commissioner of Customs and Excise (CCE) to encompass all over-the-counter virtual asset services. This includes monitoring licensees’ compliance with anti-money laundering and anti-terrorist financing standards.

Source: Cryptoslate

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1 Sheep coin:

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2 Wall st memes

The little guy challenged Wall Street in the infamous GameStop fiasco of 2021, and the legacy of those brave Wall Street Bets heroes endures until today.

Born out of that movement is Wall Street Memes – the ultimate expression of the internet’s triumph over rampant capitalism. “Greed is good,” said Gordon Gekko in the ‘80s as he got rich off useless stocks. Around 30 years later, hundreds of arguably even more useless meme coins allow ordinary people to do the same.

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The memeable $MML token ecosystem represents a groundbreaking fusion of internet culture and financial innovation. Memeable is brand new token in the market it likely to do 100x after launch

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4 Pikamoon

PIKA, or The Pikamoon token, as it’s sometimes called, is the in-game currency used in the Pikaverse. By earning tokens, you can access rare NFTs, earn mouth-watering rewards and buy unique items from the Pikamoon marketplace.

Play-to-Earn while becoming part of the fastest-growing crypto community in the industry.

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As the cryptocurrency market continues to evolve and attract mainstream attention, it’s crucial for investors and enthusiasts to stay up-to-date with the latest developments. In this article, we’ll explore the top cryptocurrencies to watch in 2023. These digital assets have shown promising potential for growth, innovation, and adoption, making them worth keeping a close eye on in the coming months.

Bitcoin (BTC):
Bitcoin, the pioneer of cryptocurrencies, remains the most prominent player in the market. With its strong brand recognition, widespread acceptance, and growing institutional interest, Bitcoin continues to be a significant force in the crypto space. As adoption increases and regulatory clarity improves, Bitcoin is expected to maintain its position as a leading digital asset.

Ethereum (ETH):
Ethereum, the second-largest cryptocurrency by market capitalization, has established itself as the backbone of decentralized finance (DeFi) and the home of smart contracts. With the ongoing development of Ethereum 2.0, a major upgrade aimed at improving scalability and efficiency, Ethereum is poised to maintain its dominance and drive innovation in the blockchain ecosystem.

Binance Coin (BNB):
Binance Coin, the native token of the Binance exchange, has witnessed significant growth and adoption. Beyond its utility within the Binance ecosystem, BNB is now utilized for various purposes, including token sales, transaction fees, and DeFi applications. With Binance’s continued expansion and innovative projects launching on its platform, BNB is likely to experience continued demand.

Cardano (ADA):
Cardano is a blockchain platform known for its scientific approach to development and focus on scalability, sustainability, and security. With its robust proof-of-stake (PoS) consensus mechanism and a growing ecosystem of decentralized applications (dApps), Cardano has gained attention as a potential Ethereum competitor. As its development roadmap progresses, ADA holds promise for future growth and adoption.

Solana (SOL):
Solana is a high-performance blockchain platform that aims to provide fast and scalable decentralized applications. Known for its low transaction fees and rapid confirmation times, Solana has gained traction among developers and investors alike. With notable projects and decentralized finance (DeFi) protocols building on Solana, it has emerged as a strong contender in the blockchain space.

Polkadot (DOT):
Polkadot is a multi-chain platform that allows for interoperability between different blockchains. By enabling the seamless transfer of assets and data across chains, Polkadot aims to foster a more interconnected and scalable blockchain ecosystem. With its unique technology and growing ecosystem of parachains, Polkadot presents an intriguing opportunity for investors and developers.

Chainlink (LINK):
Chainlink is a decentralized oracle network that facilitates the connection between smart contracts and real-world data. With its ability to securely fetch and verify off-chain information, Chainlink plays a vital role in enabling smart contracts to interact with external data sources. As smart contracts continue to proliferate, Chainlink’s oracle solutions are likely to see increased adoption.

Avalanche (AVAX):
Avalanche is a high-throughput blockchain platform designed for decentralized applications and enterprise solutions. It boasts fast transaction speeds, low fees, and interoperability with other blockchains. With its focus on scalability and developer-friendly infrastructure, Avalanche has the potential to attract both developers and institutional players in the crypto space.

XRP is a digital asset and cryptocurrency used within Ripple’s ecosystem for facilitating fast and low-cost cross-border transactions. Despite ongoing legal challenges faced by Ripple, its technology and partnerships in the traditional financial sector have positioned XRP as a cryptocurrency to watch. Should Ripple successfully navigate the regulatory landscape, XRP may experience significant growth.

Polygon (MATIC):
Polygon, formerly known as Matic Network, is a scaling solution for Ethereum that aims to enhance its scalability and usability. By providing a framework for building and connecting Ethereum-compatible blockchains, Polygon enables faster and more efficient transactions. As Ethereum’s scalability issues persist, Polygon’s layer 2 solutions have gained attention and may play a crucial role in the blockchain ecosystem.

The cryptocurrency market is dynamic and ever-evolving, making it essential to stay informed about the latest trends and promising projects. The top 10 cryptocurrencies mentioned above have demonstrated strong potential for growth, innovation, and adoption in 2023. However, it’s important to conduct thorough research, assess risk factors, and make informed investment decisions based on your individual financial goals and risk tolerance. Always remember that the crypto market can be highly volatile, and it’s crucial to exercise caution and due diligence when investing in digital assets.

Ripple’s XRP token surged on Thursday after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.”

The price of XRP was last higher by 71% at about 80 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins also may not be considered securities after all. Polygon’s matic token gained 17.82%. Litecoin and the Solana jumped 18.35%, and Cardano’s token advanced 20.31%. Bitcoin and ether got a boost too, rising more than 4% and 6%, respectively.

Memeable launching its token $MML

The judgments today are a huge step forward for the industry,” Chris Martin, head of research at Amberdata, told CNBC. “By judging that XRP is not a security we’re starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on several of their ongoing cases and I expect that this judgment will implicate several other tokens as non-securities.”

Coinbase, which had previously de-listed XRP on its trading platform, tweeted on Thursday afternoon that it would now allow trading of the asset again. Gemini said it’s “exploring the listing of XRP for both spot and derivatives trading.”

“The judgment that institutional sales of XRP by Ripple constitute securities also has massive implications for the industry with several ICO’s now likely in the spotlight,” Martin added. “For exchanges caught in ongoing SEC cases, it’s not clear how this judgment will affect them – they’ve only been involved in secondary sales for the most part. But as we can see with prices today, the market is very bullish on the judgments.”

The judgments today are a huge step forward for the industry,” Chris Martin, head of research at Amberdata, told CNBC. “By judging that XRP is not a security we’re starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on several of their ongoing cases and I expect that this judgment will implicate several other tokens as non-securities.”

Coinbase, which had previously de-listed XRP on its trading platform, tweeted on Thursday afternoon that it would now allow trading of the asset again. Gemini said it’s “exploring the listing of XRP for both spot and derivatives trading.”

“The judgment that institutional sales of XRP by Ripple constitute securities also has massive implications for the industry with several ICO’s now likely in the spotlight,” Martin added. “For exchanges caught in ongoing SEC cases, it’s not clear how this judgment will affect them – they’ve only been involved in secondary sales for the most part. But as we can see with prices today, the market is very bullish on the judgments.”

The most Memeable token on this planet! Unleash the power of #Memecoins The first DeFi meme coin that bridge the gap between internet culture & financial innovation With MemePay and MemeSwap #Memeable


Viral Meme Community

Token Info:

Total Supply 1 Billion
Fair Launch 30% 300,000,000
Dex Cex Liquidity 20% 200,000,000
Burn at launch 30% 300,000,000

Fair launch info:

Presale Price $0.000033 = 1 $MML
Listing Price $0.001 = 1 $MML


Memeable (MML) Price Prediction: Can It Reach $50+? A Comprehensive Analysis

Memeable (MML) has emerged as an exciting and innovative Defi meme coin that aims to bridge the gap between internet culture and financial innovation. With a strong focus on creating a viral meme community, MemePay, Staking, and MemeSwap, this project has the potential to capture the attention of meme enthusiasts and investors alike. In this article, we will delve into the key aspects of Memeable and assess the factors that could contribute to its potential price growth, potentially reaching $50 or even beyond.

Unique Value Proposition:
Memeable’s strength lies in its ability to tap into the widespread popularity of memes while leveraging blockchain technology. By combining the viral nature of memes with the utility of a decentralized financial ecosystem, Memeable has the potential to attract a large user base. This unique value proposition could drive demand for the token, potentially leading to an increase in its price.

Viral Meme Community:
Memeable’s focus on building a vibrant meme community can contribute to its price appreciation. With a strong emphasis on engaging content and fostering a sense of belonging among meme enthusiasts, Memeable aims to create an ecosystem that encourages active participation. As the community grows and gains recognition, it can generate organic interest in the token, potentially leading to increased demand and subsequent price growth.

The introduction of MemePay, a feature within the Memeable ecosystem, adds a practical utility aspect to the token. MemePay enables users to transact using MML, facilitating seamless transactions within the meme community. By incorporating real-world use cases, MemePay enhances the overall value proposition of Memeable and could contribute to the token’s adoption, potentially driving its price upwards.

Staking is an important feature within the Memeable ecosystem, allowing users to lock up their tokens for a certain period and earn rewards in return. This mechanism incentivizes token holders to keep their MML tokens off the market, potentially reducing the circulating supply. A decrease in the supply, coupled with growing demand, can create favorable conditions for price appreciation.

MemeSwap, a decentralized exchange within the Memeable ecosystem, provides users with a platform to trade MML tokens. The availability of a dedicated exchange can improve liquidity and market accessibility, attracting both traders and investors. As the trading volume and liquidity of Memeable increase, it can positively impact the token’s price trajectory.

Price Analysis:
To evaluate the potential for Memeable to reach $50+, we must consider its initial tokenomics and market dynamics. With a total supply of 1 billion tokens and 30% allocated to the fair launch, there is a limited initial circulating supply of 300 million MML tokens. This relatively low supply, combined with growing demand and adoption, has the potential to drive the price upwards.

Additionally, the fair launch’s soft cap of $50,000 and hard cap of $200,000 indicate a controlled initial token distribution. This approach helps prevent initial dumping and promotes a healthier market environment. By avoiding excessive selling pressure during the early stages, Memeable can establish a solid foundation for future price growth.

Price prediction for Memeable $MML after analysing the project in depth

Price prediction for Memeable $MML 2023 and 2024
Presale price $0.000033 – Listing price $0.001

July 2023 $0.01
August 2023: $0.95
September 2023: $1.2
October 2023: $1.8
November 2023: $2
December 2023: $2.7
January 2024: $3.2
February 2024: $3.4
March 2024: $3.7
April 2024: $8
May 2024: $10.8
June 2024: $19
July 2024: $35
August 2024: $40
September 2024: $55
October 2024: 64
November 2024: $88
December 2024: $120+

Binance is actively seeking a new banking partner in Europe following the announcement that Paysafe Payment Solutions, a global payment service provider, will be discontinuing support for the cryptocurrency exchange. Paysafe stated that after a strategic review, they have decided to cease offering their embedded wallet solution to Binance across the EEA region. The two companies are now working on implementing a fair and orderly process to terminate the service over the coming months.

Binance confirmed the decision and informed users that Paysafe will no longer facilitate EUR deposits and withdrawals via Bank Transfer (SEPA) starting from September 25, 2023. Binance spokesperson stated that users will need to update their banking details for depositing into their Binance accounts and may be required to accept new terms and conditions to continue using SEPA services.

Binance assured users that other methods of depositing and withdrawing fiat currencies, as well as buying and selling cryptocurrencies, remain unaffected on These methods include bank transfers using other supported fiat currencies and direct credit or debit card transactions.

SEPA, or Single Euro Payments Area, is a payment network established within the European Union for seamless and efficient euro transactions across borders. It was designed to facilitate smooth payment transfers between European countries.

Paysafe, listed on the NYSE as PSFE, has also been Binance’s banking partner in the UK through the Faster Payments network. However, Paysafe has stated that it is already in the process of withdrawing this service in Britain as well.

In recent weeks, Binance has faced increased scrutiny as it announced its withdrawal from Cyprus and terminated its operations in the Netherlands due to the inability to obtain a virtual asset service provider license. Additionally, Binance Markets Limited, the UK subsidiary, has canceled unused permissions it held with the Financial Conduct Authority (FCA), rendering it unable to provide regulated activities and products.

Furthermore, Binance is facing a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), alleging violations of U.S. securities laws. In France, authorities are also investigating Binance for multiple offenses, including aggravated money laundering.

Unlocking the Potential of the Future Market

The future of the NFT (Non-Fungible Token) market is an exciting and rapidly evolving landscape. NFTs have gained significant popularity and attention in recent years, transforming the way we perceive and interact with digital assets. While NFTs started primarily in the art world, their potential has expanded to various industries, including music, gaming, fashion, collectibles, and more. As we look ahead, several key trends and possibilities emerge in the future NFT market.

  1. Increased Adoption and Mainstream Integration: NFTs have already seen widespread adoption by artists, creators, and early adopters. However, as more individuals and industries recognize the value and potential of NFTs, we can expect increased mainstream integration. Established brands, celebrities, and institutions will likely leverage NFTs to engage with their audiences, monetize digital assets, and create new revenue streams.
  2. Interoperability and Cross-Platform Compatibility: Currently, NFTs are primarily associated with specific blockchain networks like Ethereum. However, future developments may focus on interoperability, allowing NFTs to be transferred seamlessly across multiple platforms and blockchain networks. This interoperability will enhance liquidity and accessibility, enabling users to freely trade and utilize NFTs regardless of the underlying blockchain infrastructure.
  3. Enhanced Utility and Functionality: NFTs have primarily functioned as digital collectibles and assets. However, the future of NFTs may involve increased utility and functionality. We might see the integration of smart contracts into NFTs, enabling them to perform specific actions or unlock additional content. For example, an NFT could grant access to exclusive events, virtual experiences, or in-game items, adding real-world value and utility to the token.
  4. Sustainable Practices and Environmental Considerations: One of the criticisms surrounding NFTs is their environmental impact due to the energy-intensive nature of blockchain mining. In the future, we can expect a push for more sustainable practices within the NFT market. This could involve the adoption of eco-friendly blockchains, such as proof-of-stake (PoS) instead of proof-of-work (PoW), which reduces energy consumption and carbon footprint.
  5. Regulatory Framework and Consumer Protection: With the burgeoning popularity of NFTs, regulatory bodies will develop frameworks to protect consumers and establish guidelines for market participants. Regulations will aim to ensure transparency, mitigate fraudulent activities, and establish standards for tokenized assets. Striking the right balance between innovation and consumer protection will be crucial for the sustainable growth of the NFT market.

Prawns Swap is a YIELD FARMING AND BEP-20 EXCHANGE Build on Binance Smart Chain. EARN, SWAP AND Win Lottery Upto $10k Every Day.

In the ever-evolving world of decentralized finance (DeFi), innovation is the key to unlocking new possibilities. Prawns Swap, a cutting-edge decentralized automated market maker (AMM) and aggregator exchange built on the Binance Smart Chain (BSC), is poised to revolutionize the DeFi landscape. With its comprehensive suite of features, including swap exchange, liquidity management, staking at farms and pools, bridging capabilities, voting, and even a lottery system, Prawns Swap promises to deliver a seamless and user-friendly experience for DeFi enthusiasts. Let’s dive into the exciting world of Prawns Swap and explore its unique offerings.


Swap Exchange:
At the heart of Prawns Swap lies its powerful swap exchange, which enables users to effortlessly trade their digital assets with minimal slippage. Leveraging the automated market maker model, Prawns Swap ensures liquidity for a wide range of tokens. Whether it’s swapping between popular cryptocurrencies or exploring the vast world of lesser-known tokens, users can do so with ease, speed, and competitive fees.

Manage Liquidity:
Prawns Swap understands the importance of liquidity in DeFi ecosystems. To empower users and encourage participation, the platform allows them to become liquidity providers by pooling their assets in various liquidity pools. By contributing their tokens to these pools, users can earn passive income through trading fees and other incentivization mechanisms.

Stake at Farms & Pools:
To further enhance the earning potential of users, Prawns Swap offers an array of farm and pool options. By staking their tokens in these farms and pools, users can earn additional rewards while contributing to the overall liquidity of the platform. The rewards vary depending on the duration and amount of tokens staked, providing flexibility and choice for users to optimize their yield farming strategies.

Prawns Swap recognizes the importance of interoperability in the decentralized world. To facilitate seamless asset transfers between different blockchain networks, Prawns Swap incorporates a bridging feature. This allows users to bridge their assets from one blockchain to another, expanding their opportunities for investment and participation.

Decentralized governance is a core principle of DeFi, and Prawns Swap places great emphasis on community engagement. The platform empowers token holders to actively participate in decision-making through a voting system. By staking their tokens, users can contribute to the governance process, helping shape the future development and direction of the platform.

Adding an element of excitement and gamification, Prawns Swap offers a lottery feature. Users can participate in lotteries by purchasing tickets using Prawns Swap’s native token. This not only provides an opportunity to win attractive prizes but also contributes to the overall utility and demand for the token.

Prawns Swap represents the next generation of DeFi on the Binance Smart Chain, combining a comprehensive suite of features with a user-friendly interface. With its swap exchange, liquidity management, staking at farms and pools, bridging capabilities, voting system, and lottery feature, Prawns Swap caters to the diverse needs of DeFi enthusiasts. By empowering users to trade, earn rewards, participate in governance, and engage in exciting lotteries, Prawns Swap is poised to make a significant impact in the DeFi space. As the decentralized finance ecosystem continues to expand, Prawns Swap stands at the forefront, delivering innovation and possibilities for all.

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, a cryptocurrency exchange, for allegedly violating securities laws. This move marks an expansion of the SEC’s oversight to encompass crypto assets valued at over $115 billion.

In the lawsuit, filed on Monday, the SEC identified several tokens that it considers within its regulatory jurisdiction. Trading platforms offering support for these tokens will be required to adhere to stricter protective measures. Consequently, other exchanges may be reluctant to provide support for these digital assets, potentially limiting their tradability on the open market.

The SEC’s filing specifically mentions several top altcoins, including Binance’s BNB, Polygon’s MATIC, Solana’s SOL, Cardano’s ADA, Filecoin’s FIL, and Algorand’s ALGO. In conjunction with other assets like XRP, these tokens bring the total value under the SEC’s purview to $115 billion.

SEC Chair Gary Gensler has previously stated that most tokens are subject to securities laws for the purpose of investor protection. However, this lawsuit marks the first instance of the SEC specifically naming cryptocurrencies, indicating a potentially stricter regulatory approach.


Binance has swiftly responded to the lawsuit, defending itself and claiming that it is an attack on the entire industry. The exchange stated that while it takes the SEC’s allegations seriously, they should not warrant an enforcement action, particularly on an emergency basis. Binance intends to vigorously defend its platform against the lawsuit.

Other industry participants have also voiced support for Binance. Jeff Dorman, Chief Investment Officer at digital-asset specialist Arca, commented that the SEC’s actions may negatively impact U.S.-based exchanges like Coinbase and Kraken, who will have to decide whether to delist tokens deemed as securities. Market makers in the U.S. may also be forced to cease trading certain tokens listed as securities.

Following the announcement of the SEC lawsuit, the entire crypto market experienced a significant downturn. Bitcoin’s price dropped by approximately 4.5%, while other altcoins experienced declines of 6-8%. However, Dorman believes that the lawsuit’s impact on the crypto market will be short-lived, as most cryptocurrencies are traded on offshore exchanges.

Coinbase and Kraken, both facing their own legal battles with the SEC, have not yet commented on the lawsuit against Binance. Coinbase previously stated that it would not delist tokens deemed as securities by the SEC until a final court decision is reached.

The prevailing question within the crypto industry is whether the SEC is planning further aggressive actions and lawsuits akin to its approach to XRP.