Today (December 1, 2024) crypto world events 👇👇👇

- SEC sues Touzi Capital: The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against investment firm Touzi Capital, accusing it of misleading over 1,200 U.S. investors through the Cryptocurrency Mining fund and raising nearly $95 million. Touzi Capital is accused of using investor funds for unrelated businesses to mining.
- Ripple CTO criticizes indirect regulation: Ripple's Chief Technology Officer David Schwartz criticizes the US government's indirect regulation through 'Operation Chokepoint 2.0', stating that this approach damages compliance, freedom of speech, and innovation. He calls for clear and transparent regulations to be put in place.
- The decline in BTC's market dominance heralds the "Altcoin Season": BTC's market dominance has fallen to 56.1%, breaking through the two-year support line. Analysts believe this may indicate that Altcoins will pump in December, and investors may transfer funds from BTC to other cryptocurrencies such as Ethereum.

My point 👇👇👇

- SEC's lawsuit against Touzi Capital: This event once again demonstrates that regulatory agencies are strengthening their supervision of the cryptocurrency market, especially targeting companies that mislead investors. This is positive for protecting investor interests, but it may also suppress market innovation and development. For investors, this reminds us to be more cautious, conduct thorough due diligence, to avoid becoming victims of fraudulent activities.
- Ripple CTO's criticism of indirect regulation: David Schwartz's remarks reflect the dissatisfaction of the cryptocurrency industry with the current regulatory environment. He believes that it is irresponsible for the government to pressure banks to cut off funding for certain businesses instead of enacting legislation directly. This approach not only harms the legitimate rights and interests of businesses but may also stifle innovation. For the industry, this serves as a reminder that we need to promote a clearer and more transparent regulatory framework to protect innovation and investor interests.
- The decline of BTC dominance: The decline of BTC dominance may indicate that AltCoin will usher in a wave of pump. This may be an opportunity for investors, but it also means greater risk. The volatility of the AltCoin market is usually higher than that of BTC, so investors should be cautious and do proper risk management when participating. In addition, this may also reflect the increasing recognition of other cryptocurrencies such as Ethereum in the market, and investors can follow the trends of these markets.

The above content is only personal opinion and does not constitute investment advice.
‍#BTC #ETH #BOME #SLERF