Solana (SOL): One of the US SEC’s Prime Targets
– CEO of Coinbase, Brian Armstrong, revealed that the SEC advised him to delist Solana (SOL).
– Solana (SOL) is considered an unregistered security by the SEC.
– Coinbase is seeking legal clarification and will rely on the SEC vs. Ripple Labs court ruling.
– The SEC has stated that it did not formally request the delisting of Solana (SOL).
– Despite the regulatory challenges, Solana (SOL) gained 3.04% last month.
Compound (COMP) Loses 22.9% in First Week of August 2023
– Compound CEO Robert Leshner resigned and started Superstate Trust.
– Compound (COMP) approved Wrapped Bitcoin (WBTC) on its platform, expanding its ecosystem.
– Technical analysis indicated that Compound (COMP) bulls were tiring and a price dip was expected.
– Compound (COMP) lost 22.9% in the first week of August.
– Analysts believe the fundamentals of Compound (COMP) are strong and it will rise in the future.
Borroe ($ROE) Sells Over 9 Million Tokens At First Presale Stage
– Borroe ($ROE) is a decentralized funding marketplace for web3 enterprises.
– Users can mint their future earnings into NFTs and sell them at discounted prices.
– Buyers enjoy low-risk investments by buying discounted NFTs from trusted web3 brands.
– Borroe ($ROE) incorporates AI risk assessment and payment solutions for a secure fundraising platform.
– Currently, Borroe ($ROE) is in its first presale stage and has sold over 9 million tokens.
Hot Take:
Despite regulatory challenges and the loss in value for Compound (COMP), Solana (SOL) remained strong and Borroe ($ROE) saw success in its first presale stage. The crypto market continues to face ups and downs, but there are opportunities for investors to find reliable tokens for ROI.
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