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The U.S. Securities and Exchange Commission (SEC) has again cracked down on Nova Labs under Gary Gensler’s leadership. Recently, the SEC filed a lawsuit against Nova Labs, the creator of the open-source Helium Network. The lawsuit alleged the company sold unregistered products and misled investors about its technology. This comes just days before Gensler steps down on January 20. The case highlights his tough stance on crypto and questions the SEC’s future direction. Gensler’s Final Stand: Nova Labs in the Crosshairs The SEC’s case against Nova Labs focuses on two core allegations: selling unregistered securities and deceptive marketing practices. The Helium Network, known for its decentralized wireless infrastructure, incentivizes users with its native crypto asset, HNT. The SEC said Nova Labs’ “Hotspots” and “Discovery Mapping” program are unregistered investments. G However, it does not stop there. Nova Labs was accused of misleading investors by claiming that big companies like Lime, Nestlé, and Salesforce used Helium’s network. The SEC says these false claims made the network seem more legitimate. This tricked investors into buying products and tokens connected to the network. Ripple’s Ripple Effect: A Lingering Battle The SEC’s actions against Nova Labs are similar to its high-profile lawsuit against Ripple Labs. In July 2023, a court decided that XRP, Ripple’s token, was not a security in programmatic sales. This was seen as a partial win for the crypto industry. However, the SEC had filed an appeal , showing it was not ready to give up the case. The Nova Labs case stands out as Gensler gets ready to leave the office. It shows the tense relationship between the SEC and the crypto world during his time. This case highlights the ongoing battles over crypto rules. With new leadership coming, many speculate that the SEC may ease its approach to crypto enforcement. A recent report suggests it might pause cases without fraud claims and focus on securities law violations. This shift could change crypto regulation. Crypto’s 2024 Losses: A Year in Review The SEC’s strict actions come as the crypto industry struggles with hacks and fraud in 2024. Blockchain security firm Immunefi reported the industry suffered $1.49 billion in losses, down 17% from $1.8 billion in 2023. Notably, 98.1% of the losses stemmed from 192 hacking incidents, with fraud accounting for the remaining 1.9%, amounting to $28 million. CeFi platforms were hit hardest, with thefts rising 77.5% to $726 million. High-profile breaches included a $305 million breach at DMM Bitcoin and a $235 million hack on WazirX’s wallet. Decentralized Finance (DeFi) remained a prime target, making up 51.4% of the total, while CeFi accounted for 48.6%. Ethereum and Binance Smart Chain were the most attacked blockchain, with Ethereum causing 44% of all blockchain losses. The post SEC Strikes Nova Labs as Gensler Prepares to Leave Office appeared first on TheCoinrise.com .
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Eric Trump Sparks Controversy with TRUMP Coin Remarks
Eric Trump commented on the controversial TRUMP Coin and its rapid rise. Concerns about market manipulation and ethical implications have surfaced. Continue Reading: Eric Trump Sparks Controversy with TRUMP Coin Remarks The post Eric Trump Sparks Controversy with TRUMP Coin Remarks appeared first on COINTURK NEWS . The Coin Rise
Top 3 Best New Meme Coins to Join Now: A Deep Dive Into Why They’re the Hottest Picks for 2025
Meme coins aren’t just about laughs anymore—they’re becoming serious players in the crypto world. With strong communities and innovative features, they’re changing how we think about blockchain investments. If you’ve been searching for ways to diversify your portfolio with unique tokens, now’s the time to explore these exciting opportunities. Among the best new meme coins to join now , BTFD Coin (BTFD) is stealing the spotlight with its massive 90% APY staking rewards. Joining it are two other innovative projects: Gigachad (GIGA), celebrating the Chad energy of memes, and Simon’s Cat (CAT), bridging internet culture with blockchain. Let’s dive into what makes these projects worth your attention. BTFD Coin: The Ultimate Staking Powerhouse BTFD Coin is redefining meme coin investments by offering a whopping 90% APY on staking, making it a dream for those seeking passive income. This standout feature has drawn in a growing community eager to capitalize on the rewards. The ongoing Stage 13 presale has raised over $5.2 million, with more than 64 billion coins sold at $0.000142 per token. This presale stage is already 97% complete, and once it wraps up, the listing price will jump to $0.0006. Imagine investing $4,000 now—you’d receive approximately 28,169,014 BTFD tokens. If the price hits $0.0006 after the presale, your investment would grow to $16,901. And that’s not even accounting for the staking rewards! How to Buy BTFD Coins Setting up is simple: create a wallet using MetaMask or Trust Wallet, load it with BNB or ETH, connect to the presale page , and purchase your tokens. Once the presale ends, you can claim your coins and start staking to enjoy that incredible APY. Why did this coin make it to this list? BTFD’s 90% APY staking feature, combined with its presale success and community-driven growth, makes it one of the best new meme coins to join now. Don’t let this opportunity pass you by. Gigachad: Fueling the Chad Energy Gigachad (GIGA) pays tribute to the iconic internet legend Ernest Khalimov, the original “Gigachad.” Built on the Solana blockchain, GIGA uses meme culture and “Chad” energy to create a vibrant and united community. GIGA is entirely community-driven, with no central authority. It thrives on the collective creativity and enthusiasm of its supporters, who keep the Chad legacy alive through memes and engagement. This project stands out for its ability to channel the internet’s humor into a compelling and growing ecosystem. Why did this coin make it to this list? Gigachad’s commitment to community and its celebration of internet culture earn it a spot among the best new meme coins to join now. It’s a token with heart and humor. Simon’s Cat: Bridging Internet Brands with Web3 Simon’s Cat (CAT) is a groundbreaking token that brings one of the internet’s most beloved animated characters to the blockchain. Launched on August 8, 2024, on the BNB Chain, CAT is designed to connect traditional internet brands with the world of Web3. Backed by big names like Floki, DWF Labs, and the Simon’s Cat brand itself, CAT has successfully captured the attention of both crypto enthusiasts and fans of the animated series. It’s not just about nostalgia—it’s about creating a seamless blend of entertainment and blockchain innovation. Why did this coin make it to this list? Simon’s Cat’s unique approach to integrating established internet culture into the crypto space makes it a top choice among the best new meme coins to join now. It’s a project that combines fun, fandom, and innovation. Concluding Remarks Meme coins have evolved into some of the most exciting opportunities in crypto, blending creativity with real-world value. BTFD Coin, with its unmatched 90% APY staking, offers a unique chance to grow your investment. Gigachad celebrates internet culture in a way that unites its community, while Simon’s Cat bridges the gap between Web3 and traditional internet fandom. With BTFD’s presale nearing completion, now is the time to act. At just $0.000142, the opportunity to secure tokens at this price won’t last much longer. Whether you’re staking with BTFD, riding the Chad wave with GIGA, or joining Simon’s Cat in its Web3 journey, these coins are ready to deliver big rewards. Join the BTFD Coin presale today and stake your claim in one of the most exciting investment opportunities of 2025. Don’t wait—the bulls are calling! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Coin Rise
