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"Altcoin Surge: SEC Drops Coinbase Lawsuit, Bitcoin Near $100K, IP Soars 150%"

Coin WorldFriday, Feb 21, 2025 7:30 pm ET

1min read

BTC +1.06% COIN -0.89% ETH +1.04% MSTR -0.42% SAH +1.10%

Cryptocurrencies, particularly altcoins, have started to gain momentum as the market shifts away from meme coins. The U.S. Securities and Exchange Commission (SEC) has decided to drop its lawsuit against Coinbase, signaling a potential thaw in regulatory tensions. Meanwhile, KAITO and IP have surged in value, leading the pack of new altcoins.

The Bitcoin (BTC) price has neared the $100,000 mark, while Ethereum (ETH) continues to outperform other cryptocurrencies. Altcoins have started to rally as the hype around meme coins fades. The SEC's decision to drop its lawsuit against Coinbase has been welcomed by the crypto community, as it may indicate a more favorable regulatory environment for the industry.

In other news, VanEck has suggested that a 1 million BTC reserve could offset the U.S.'s $21 trillion debt. MicroStrategy CEO Michael Saylor has revealed that the U.S. government plans to buy 4.2 million BTC for its reserves. Both Arizona and Utah have introduced bills to recognize Bitcoin as legal tender in their respective states.

IP has surged by 150% this week, leading the pack of new altcoins. Sonic's weekly DEX volume has risen by 85%, with S gaining 60% in value. Several countries have been blocked from receiving payouts from FTX, while the first public African company has purchased $10 million worth of BTC. A Litecoin (LTC) ETF has been listed on the DTCC. Sam Bankman-Fried (SBF) has sought a pardon from former President Donald Trump. The SEC has approved yield-bearing stablecoins.

In regulatory news, the SEC has dropped its broker-dealer case against decentralized finance (DeFi) platforms. Trump has signed executive orders to end the "war on crypto." The European Central Bank (ECB) is considering a blockchain-based payment system. The SEC has launched a crypto fraud unit and is set to issue guidance on staking. Australia has criticized the SEC's looser stance on crypto regulation.

New coins IP and BERA have both seen significant weekly gains. Pi has gone live with a market capitalization of $9 billion. Kraken and Coinbase are in talks to acquire Deribit. Brazil is set to

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vanilica00

02/22

$MSTR I'm not here to change your opinion, but consider this. The model you had for Bitcoin reaching $100,000 and MSTR reaching $1,000 is no longer valid. The idea of Trump supporting Bitcoin and low inflation is also gone. Experts predict a soon market drop, TBD. We now face tariffs, high joblessness, rising inflation, and falling consumer trust. Friends have become dictators, and our neighbors like Canada and Mexico are being pushed aside. Greenland, Panama, and Canada are being bullied into joining the U.S. MSTR has rebranded and sold preferred stock to protect investors, but not you. Saylor keeps buying Bitcoin. Your original MSTR model was correct, but economic conditions have changed. You were right 6 months ago. The MSTR today is not the same as in 2024.

liano

$COIN 260 soon, by Wednesday. 289 in two weeks. One less rival

Relevations

$MSTR those 1 month and 3 month charts are terrible 🤣🤣🤣

Excellent_Chest_5896

$MSTR saylor is freaking out! Margin call coming soon!

Magtalin Garcia

2025 Wow BTC hits back at $100k and this is an opportunity to increase potential returns, you need to learn how this is been done i know most people are devoted to learning how it works, but curious about lose . Get involve with cryptocurrency today invest earn successfully and secure the future Financially. Dm a legal expert on WhatsApp 👉 ‪+1 (317) 799‑6682‬(Kathy Warren E )for more insight.

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