Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Immutable’s (IMX) price has been on a significant downtrend recently, falling to multi-year lows. The token has suffered a sharp decline, and its price is currently hovering around $0.433. 

If the current trend continues, there is a possibility that IMX could form a new all-time low (ATL).

Immutable Investors Are Giving Up

The supply of Immutable on exchanges has risen dramatically in the past two weeks. A total of 30 million IMX tokens have been added, increasing the overall supply to 165 million IMX. This surge in supply is worth approximately $13 million and indicates a shift in investor sentiment. 

As investors begin to sell off their holdings, this suggests growing skepticism about the token’s future prospects. The trend has led to an increase in selling pressure, which further exacerbates the current price decline.

The overall macro momentum for Immutable appears to be unfavorable at this point. Active addresses, which measure the number of unique addresses engaging with the network, are at a low level. The lack of participation reflects investor hesitation and reduced confidence in the token’s potential.

When fewer addresses are interacting with the network, it generally indicates a lack of new capital entering the market. As a result, this decline in activity has contributed to the negative sentiment surrounding IMX.

IMX Price Needs A Reversal

IMX price is down nearly 40% over the past two weeks, with the 30 million token sell-off playing a significant role in the decline. At the time of writing, the price is at $0.433, holding just above the critical support level of $0.400. If this support is broken, the price could fall further, potentially reaching $0.375 or below, resulting in a new all-time low.

The continued drawdown suggests that the token may not see a recovery soon unless the market conditions improve. If IMX manages to hold above $0.400, there is a slim chance it could stabilize before testing further resistance levels. However, breaking through the $0.400 support would likely lead to more losses.

For a more optimistic scenario, IMX would need to reclaim the support level of $0.508. This could pave the way for a potential recovery, allowing the price to rise toward $0.684.

A successful breach of these levels could invalidate the bearish outlook and offer some hope for reversing recent losses.

The US Securities and Exchange Commission (SEC) has issued one of its most definitive statements yet on the regulatory treatment of stablecoins.

In a move that could reshape the market, the agency clarified that certain stablecoins, under specific conditions, do not fall under the definition of securities.

Tether Considers Shifting Strategy with SEC’s New Update

The SEC labeled these assets as “covered stablecoins,” and they must meet strict requirements to remain outside the regulator’s oversight.

“Covered Stablecoins are not marketed as investments; rather, they are marketed as a stable, quick, reliable and accessible means of transferring value, or storing value and not for potential profit or as investments,” the SEC explained.

According to the statement, a covered stablecoin must maintain a one-to-one peg with the US dollar and be backed by highly liquid, low-risk assets.

It must also be redeemable on demand at full value. Importantly, these tokens cannot offer profit, interest, governance rights, or ownership stakes. Their sole function must be payment, money transfer, or value storage.

The SEC explained that these assets are not investment vehicles and are typically marketed as “digital dollars.” As such, the agency does not consider its offer or sale to involve securities under federal law.

“Accordingly, it is the Division’s view that Covered Stablecoins are not offered or sold as investment contracts,” the financial regulator concluded.

This marks a rare moment of clarity from the SEC, which has often taken an ambiguous or enforcement-first approach to crypto regulation.

However, while the SEC’s guidance clearly provides a path forward for stablecoins like USDC, it casts doubt on whether Tether’s USDT qualifies. The guidance specifically excludes reserves made up of crypto assets or precious metals, both of which are part of USDT’s current backing.

Meanwhile, Forbes journalist Nina Bambysheva reported that Tether is considering launching a new stablecoin to align with US regulations. This means the proposed asset would be fully backed by cash and US Treasuries. Such a pivot would mark a major shift in strategy for the issuer as it navigates increasing scrutiny.

Crypto analyst Novacula Occami also pointed out that USDT’s reserves include Bitcoin and gold, which are explicitly disqualified by the SEC’s criteria. As a result, USDT may fall within the scope of securities law and face potential restrictions in the US.

“USDC and the Paxos coins comply with the SEC’s guidance and are not securities. USDT however, with its gold, BTC and other reserves are securities and cannot be legally offered in the US,” he added.

Industry Reactions to the Regulator’s Move

The news comes as stablecoins are gaining wider adoption despite market volatility. Daily usage continues to climb even during a challenging first quarter for digital assets.

Data from IntoTheblock shows that the sector increased by more than $30 billion during the first quarter of the year despite the broader market sell-off.

Nevertheless, industry responses to the new guidelines have been mixed. David Sacks, a White House advisor on crypto policy, welcomed the move.

Sacks said the statement provides long-overdue clarity and could ease regulatory burdens for compliant issuers.

“The SEC has determined that fully-reserved, liquid, dollar-backed stablecoins are not securities. Therefore blockchain transactions to mint or redeem them do not need to be registered under the Securities Act,” Sacks stated.

However, SEC Commissioner Caroline Crenshaw offered sharp criticism. She warned that the guidance downplays risks in the stablecoin market and misrepresents key legal issues.

According to her, the statement presents an overly simplistic view of the industry.

“The [SEC’s] statement’s legal and factual errors paint a distorted picture of the USD-stablecoin market that drastically understates its risks,” Crenshaw added.