Meme

Coin Bureau founder: Lack of regulation is the main reason for the collapse of the LIBRA meme coin

ChainCatcher news, according to Cointelegraph, Coin Bureau co-founder and CEO Nic Puckrin commented on the meme coin incident involving LIBRA, which was endorsed by Argentine President Milei and then quickly collapsed, pointing out that regulators should bear primary responsibility for such events. He emphasized that the regulatory vacuum created by agencies like the SEC has led to a surge in meme coin scams involving celebrities and political figures.SEC cryptocurrency working group head Hester Peirce previously stated that meme coin regulation is outside the SEC's jurisdiction and should be handled by Congress and the CFTC. In response, Puckrin stated that the crypto ecosystem cannot achieve self-regulation and that the meme coin market cannot continue to exist in a "lawless Wild West" state. He called for the U.S. Department of Justice to increase resource investment to combat the worst cases of telecom fraud, money laundering, and market manipulation.Christopher Perkins, president of CoinFund and former CFTC member, held a different view, arguing that meme coins are "one of the few crypto assets currently enjoying regulatory clarity," and any actions involving fraud and market manipulation are illegal under existing regulations. According to analysis by Traders Union, most jurisdictions worldwide have yet to establish specific regulatory guidelines for the meme coin industry.

"Trends and Rhythm of the New Web3 Cycle" Roundtable Discussion: Memes Have a Longer Lifespan Than Most Narratives

ChainCatcher news, during the "Trends and Rhythms of the New Web3 Cycle" event held at Consensus HK, Kyle, partner of cooking.city & co-founder of EVG, 0xbing, investor at Paper Venture, crypto KOL YuYue, Vand Ni, founder of Asian on Chain, and Leo Li, Web3 product manager at OKX, held a roundtable discussion on the theme of "The Advanced Path of Meme and P Players."Regarding the trading skills that meme players are most concerned about, YuYue stated that, in addition to establishing their own methodology, it is fundamentally necessary to invest enough time and effort to potentially enter at lower price points. Vand Ni shared a similar view, noting that when only a few memes can emerge from a large volume of meme trading, players need time to cultivate their sensitivity and iterative skills. Leo Li believes it is necessary to reduce trading frequency, as high-frequency PVP poses too great a challenge for many ordinary players.On the impact of celebrities like Trump issuing coins on the meme market, Kyle believes it accelerates the attention of the outside market towards memes. As a primary investor, 0xbing feels that figures like Trump attract significant market attention, which has impacted primary investments to some extent. YuYue believes that the continued popularity of memes forces the market to rethink its valuation system, suggesting that memes may have a longer lifespan than most narratives.
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