Altcoin
US Lawmakers Repeal New Crypto Rule
As one door closes, a better one opens. With US lawmakers repealing the controversial ‘DeFi broker rule,’ the crypto space is seeing a shift toward greater clarity.
Seizing the moment, Meme Index is preparing to launch a revamped meme coin ecosystem tailored for new investors. This innovative setup will simplify entry into the meme coin market while enhancing security, accessibility, and transparency.
The rule, rumored to take effect in 2027, was initially designed to require brokers to report new crypto transactions and taxpayers to the Internal Revenue Service (IRS). But the House Ways and Means Committee voted on passing it yesterday.
Lower Taxes on the Horizon for New Crypto Buyers
The repeal of the DeFi broker rule is a major win for new crypto investors who feared higher tax burdens—scaled based on income—and potential roadblocks to digital asset innovation.
The rule would have also created massive bureaucratic hurdles, overwhelming the IRS with paperwork while forcing US brokers to navigate complex reporting requirements for data they don’t typically collect.
By removing this regulatory overreach, the decision clears the way for a more streamlined and innovation-friendly crypto environment.
As the DeFi landscape continues to evolve with fewer hurdles, Meme Index is preparing to bring more favorable structures to the bustling crypto realm by soon launching the world’s first decentralized meme coin indexes.
New Crypto Project to Bring Favorable Structure to Meme Coin Arena
Meme Index is dubbed as being one of the best presales in 2025 owing to the soon launching of four blockchain-based meme coin indexes with contrasting risk profiles.
Look at the Meme Titan Index, for instance. It highlights the top eight meme coins that are low risk, whereas the Meme Frenzy Index features the most volatile coins that have the potential to offer the most outstanding returns if successful.
The Meme Index baskets will spotlight meme coins with varying risk tolerances, offering significant advantages for traders. Instead of sifting through the vast crypto landscape (which is now home to over 11.98 million cryptocurrencies) investors can quickly find options that align with their goals.
This streamlined approach saves time, reduces research hassle, and makes meme coin investing more accessible.
They might even want to spread their risk across different meme tokens, so if one underperforms (or, even worse, fails), they’ll have other investments to offset their losses.
But there’s a slight catch: To access the meme coin baskets once they go live, users must hold $MEMEX, the project’s native token.
After buying $MEMEX (currently at just $0.0166218), holders can vote on index updates and token inclusions and stake their tokens at a tremendous 588% APY.
Considering the $MEMEX has already raised $3.8M, and its value is anticipated to reach $0.074 before 2026 kicks off, now presents a good time to purchase this new crypto.
$MEMEX Could Be the Next New Crypto to 100x
The repeal of the DeFi broker rules is a significant advancement in the crypto market, particularly for new crypto buyers who no longer have to fear higher taxes and such regulatory challenges.
As the DeFi world progresses, new crypto projects like Meme Index are getting ready to provide investors with structured yet favorable investment propositions.
Consequently, $MEMEX could be the next meme coin to 100x – but only time will tell. We’re not financial investors, nor are we fortune tellers, so be sure to always do your homework and don’t invest more than your piggy bank allows.
KAITO price garnered noteworthy investor attention on Thursday as it rallied 33%, defying the broader market trend. Notably, the token’s price primarily rose against the backdrop of a new Coinbase perp listing. As an upshot, traders and investors anticipate sustained price gains in the trending asset amid heightened market exposure.
KAITO Price Bullish As It Secures Coinbase Listing
KAITO price rallies as its perpetual listing on one of the top crypto exchanges substantially uplifts the asset’s market sentiment.
Via an official X post on February 27, the Coinbase International Exchange revealed that the KAITO-PERP market is now in full trading mode. In turn, the token’s price rallied amid heightened money influx due to investors capitalizing on emerging market opportunities.
For context, Coinbase’s colossal user base is poised to partake in ‘limit, market, stop, and stop-limit’ orders starting today. These enhanced trade offerings bullishly impact asset prices, as seen via past chronicles.
Binance previously unveiled enhanced trade offerings for KAITO, urging a bullish impact on its price. The crypto exchange unveiled new spot trade offerings and bots services on February 24, following which the token witnessed gains worth 75% to date.
While this broader price surge may be attributable to a stockpile of factors encompassing the project’s recent airdrop, it’s noteworthy that new listings on crypto exchange giants usually uplift market sentiments.
What’s More In The Coinbase Announcement?
Simultaneously, it’s also worth mentioning that Coinbase also launched perp listings for two other tokens on the same day. The listing announcement revealed that perp contracts for Virtuals Protocol (VIRTUAL) and B3 (B3) are also in full trading mode starting today. With VIRTUAL-PERP and B3-PERP markets now live, investor sentiments surrounding these tokens have also reflected optimism.
VIRTUAL price witnessed a 3% uptick amid its perp listing, resting at $1.13. B3 price shot up by 7% amid its new listing, closing in at $0.006416.
How Is KAITO Price Holding?
As of press time, KAITO price surged nearly 33% and exchanged hands at $2.77. The coin hit a bottom and peak of $1.97 and $2.92 in the past 24 hours. Notably, the traders also appear to have reacted positively to the listing announcement, as signaled by a 183.45% increase in the intraday trading volume to $2.06 billion. Overall, market watchers are optimistic about the token amid recent advancements.
Intriguingly, KAITO price prediction by CoinGape revealed that the token is forming a bullish engulfing pattern in the weekly technical chart. This suggests that the coin is witnessing strong momentum in favor of buyers. In light of the abovementioned developments, market watchers expect a retest of the coin’s ATH of $3, with potential gains ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Defying the broader crypto market correction, Litecoin price is up 7% today surging all the way to $130 levels, and eyeing a potential breakout ahead. Furthermore, today’s LTC pump comes with 60% in daily trading volumes hitting past $2.06 billion, hinting at a strong bullish undercurrent for the altcoin. Furthermore, investor sentiment remains bullish amid growing odds of spot Litecoin ETF.
Litecoin Price Eyes A Potential Breakout to $200
LTC has been one of the best-performing altcoins during the crypto market correction over the past month. While top altcoins like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) have corrected by 25-35% on the monthly chart, the Litecoin price has registered 14% gains during the same timeframe.
Veteran trader Peter Brandt has identified an intriguing chart setup for LTC, suggesting the potential for a profitable swing trade. As per the below Litecoin price chart shared by Peter Brandt, the altcoin is preparing for a flag-and-pole breakout.
As shown above, LTC had a significant uptrend from November to early December 2024, followed by a period of consolidation with several tests of both upper and lower boundaries. For Litecoin to kickstart a journey toward $200 levels, it must first break the crucial resistance of $140 where it has faced multiple rejections.
Furthermore, the LTCBTC pair is showing a strong breakout after months of consolidation. The LTC/BTC trading pair has broken upward following a three-month sideways trend, signaling Litecoin’s relative strength compared to other altcoins.
Furthermore, today’s Litecoin price surge comes with a 15% surge in LTC open interest shooting to $701 million, as per data from Coinglass. The surge in LTC open interest suggests that traders are bullish about further price momentum in LTC from here onwards, amid rising odds of ETF approval.
ETF Expectations Riding the Momentum Amid Crypto Market Correction
The improving odds for the approval of a spot Litecoin ETF have been one of the key reasons that has kept investors interested in the altcoin. Interestingly, the odds of a Litecoin ETF approval is a massive 90% as per Bloomberg analysts, much higher than Solana’s 65% and XRP’s 70% approval odds.
During the recent Litecoin price correction to $106 last week, Litecoin whales chipped in to buy the dip and drive LTC higher. On the other hand, the Litecoin foundation has continued with further developments within the ecosystem.
.LTC Domains Launched
Litecoin, known for its fast and low-cost transactions over the past decade, has introduced its own official domain extension: .LTC. Developed in collaboration with Unstoppable Domains and the Litecoin Foundation, this new feature offers users a personalized on-chain identity.
The .LTC domains simplify cryptocurrency payments and enhance connectivity within the Litecoin community, providing a seamless way to engage with the ecosystem.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Depository Trust & Clearing Corporation (DTCC) has officially listed the first Solana futures ETFs (exchange-traded funds) from Volatility Shares.
The development signifies that these ETFs are now eligible for clearing and settlement through DTCC’s central infrastructure, ensuring a streamlined and secure trading process.
Solana Futures ETFs Cleared by DTCC
The newly listed products include the Volatility Shares 2x Solana ETF (SOLT) and the Volatility Shares Solana ETF (SOLZ).
Volatility Shares had initially filed with the SEC (Securities and Exchange Commission) in December 2024, seeking approval for three Solana-focused ETFs. Among them was the -1x Solana ETF, which aims to provide inverse exposure to Solana futures contracts.
At the time of the initial filing, however, no Solana futures contracts were available on any Commodity Futures Trading Commission (CFTC) regulated exchanges. This raised questions about the feasibility of launching these ETFs without an underlying futures market.
Therefore, listing Solana’s future ETFs on DTCC highlights the growing institutional interest in cryptocurrency investment products. Nevertheless, while DTCC’s listing is a crucial step in making these ETFs accessible to investors, it does not equate to formal approval by the US SEC.
Coinbase’s Role in the Solana Futures Market
In hindsight, the scales shifted earlier this month when Coinbase Derivatives LLC introduced CFTC-regulated Solana futures contracts. This move addressed concerns about the absence of a regulated Solana futures market and bolstered the case for future regulatory approval of Solana ETFs.
Coinbase’s announcement followed speculation that Solana and XRP futures could be launched on the Chicago Mercantile Exchange (CME). This was in light of a leaked staging website hinting at a potential February 10 start date.
“Assuming “beta.cmegroup” is a beta/test version of the actual CMEGroup website — looks like CME is expecting to launch SOL & XRP futures on Feb 10. But this isn’t available on the actual website yet,” ETF analyst James Seyffart observed.
However, the domain was taken down shortly after it was discovered. Thereafter, the CME Group clarified that the leak was an error and that no final decision had been made.
Despite these uncertainties, the availability of regulated Solana futures contracts is a positive step for institutional investors. It provides a structured and secure avenue for trading Solana, bridging the gap between traditional finance (TradFi) and the crypto market.
Meanwhile, the launch of Solana futures ETFs and the emergence of regulated futures contracts could set the stage for the eventual approval of a spot Solana ETF. Several asset management firms, including VanEck and 21Shares, Bitwise, and Canary Capital, have submitted filings for spot Solana ETFs.
The SEC’s handling of these applications will be interesting to watch as the race to create more altcoin ETFs continues.
Despite the positive developments, the SOL price has declined nearly 5% to $137.68 at the time of writing. Market volatility remains a persistent factor in crypto, with regulatory uncertainty and macroeconomic trends influencing price movements.
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