CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

SOL & MATIC Signals Recovery Post SEC Crackdown, Whats Next?

26.06.2023
A A
0
127
VIEWS
ShareShare

SOL AND MATIC

  • The recent announcement by the SEC has caused a sharp drop in emerging ecosystems’ prices.
  • Solana and Polygon’s market capitalization plummeted by nearly 25%.

Binance and Coinbase, the leading cryptocurrency exchanges, are facing increased regulatory pressure as the US Securities and Exchange Commission (SEC) cracks down on them. Just recently, the SEC filed a lawsuit against these global cryptocurrency giants. SEC’s filings against Binance and Coinbase shake emerging ecosystem tokens SOL and MATIC. Market capitalization of SOL and MATIC plummets by approximately 25% as a consequence.

As reported by DeFiLlama, Solana’s total value locked (TVL) stood at $253.26 million on June 26th, while Polygon‘s TVL is $944.15 million. Accusations have been made against Binance and Coinbase, claiming that they operated as securities exchanges without proper registration with the SEC, thus violating legal requirements. Binance has faced additional charges, including the diversion of customer funds to an unrelated business.

The SEC has filed a lawsuit claiming that Solana, Polygon, and several other cryptocurrencies should be classified as securities. Notably, these coins, which include both established players and emerging gaming-centric projects, have significant market capitalizations in the multi-billion dollar range.

CoinMarketCap reports that, as of now, SOL is at $16.94, with a trading volume of $249,339,490 in the past hour. During the last 24 hours, SOL has seen a decline of 1.90% in its trading value. And also, MATIC is priced at $0.6623, with a 24-hour trading volume of $249,452,661. Over the past 24 hours, MATIC has shown a decrease of 1.56% in its trading value.

Highlighted Crypto News Today

Binance.US Strikes Back Against SEC: Allegations of Dishonesty

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post

Bybit Scores Cyprus License to Operate Crypto Exchange and Custody Services

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why

If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why

2 years ago
Pressing Warning: Canada’s PM Flags ‘Severe Deficiencies’ in Bitcoin – Is Your Crypto Secure?

Pressing Warning: Canada’s PM Flags ‘Severe Deficiencies’ in Bitcoin – Is Your Crypto Secure?

5 months ago
Ethereum’s Dencun Upgrade Progress: Verification and Future-Proofing

Ethereum’s Dencun Upgrade Progress: Verification and Future-Proofing

2 years ago
FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

Trending

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according...

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz