SEC Declares Memecoins Are NOT Securities!

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

Memecoins = Collectibles!

The SEC just said that meme coins are generally NOT considered securities under US federal law, and could be classified as digital collectibles instead.

They also said that meme coins have "limited or no use" and do not need to be registered with the SEC.

They say this is because it does not generate a yield or convey rights to future income, profits, or assets of a business.

This means that securities laws are NOT necessarily applicable to meme coins.

Accordingly, neither meme coin purchasers nor holders are protected by the federal securities laws.

The statement clarifies tons of unknowns behind the legal implications of launching a memecoin.

Read more here.

Metamask To Add Bitcoin Support!

MetaMask will add support for Bitcoin and Solana this year as part of its near-term product developments to improve its user experience.

As a result, all MetaMask users will be able to buy, sell, swap, and interact with dapps across the entire Solana and Bitcoin ecosystem.

They also revealed that starting from March 2025, it will "abstract away" gas fees by introducing new features, such as gas-included swaps that allow users to swap tokens without having to hold ETH in their accounts.

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• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

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🌎 Other News

• SEC to Drop MetaMask Case

• Texas Bitcoin Reserve Bill Advances, Faces Senate Vote

• Hyperliquid flips Solana in fees

• El Salvador keeps buying the dip

• XRP Outshines 92% Of Altcoins

📕 Educational

Between Feb 25-27, over $2.16B in realized losses were recorded in Bitcoin, with the most recent market entrants bearing the brunt of the sell-off. A cohort-based analysis reveals a clear profile of capitulation:

• Who’s realizing the most losses?

- 1d-1w cohort: $927M (42.85% of young cohort losses)

- 1w-1m cohort: $678M (31.3%)

- 1m-3m cohort: $257M (11.9%)

- 24h cohort: $322M (14.0%)

The data confirms that the largest capitulations came from those who bought Bitcoin within the past week.

• Who’s holding steady?

Meanwhile, those who entered in H2 2024 or earlier remain largely unaffected:

- 3m-6m cohort: $6.5M (0.3% of young cohort losses)

- 6m-12m cohort: $3.2M (0.15%)

These longer-horizon holders appear unmoved by short-term volatility, reinforcing a structural bifurcation between recent entrants and more seasoned investors.

• How does this compare to past sell-offs?

The Feb 26 sell-off marked the largest single-day drawdown in recent months, with $1.13B in aggregate realized losses. Prior 1-day spikes:

- Feb 3: $848M (25% smaller)

- Aug 6: $2.02B (79% bigger)

- July 5: $1.3B (15% bigger)

The magnitude of realized losses suggests a short-term flush-out of weaker hands, while structurally, Bitcoin’s longer-term holders remain resilient.

Source : Glassnode

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

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Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.