ChainCatcher news, according to Cointelegraph, Memecoin fraud is undermining community trust, especially the Libra token incident, leading to a significant decline in Solana user activity. In February, the number of active addresses on the network dropped to an average of 9.5 million per week, down nearly 40% from 15.6 million active addresses in November 2024.As confidence in Solana wanes, cryptocurrencies worth millions of dollars are being transferred from Solana to other blockchains, indicating that potential capital outflows may have a net positive impact on the long-term growth of the blockchain.

ChainCatcher news, recently, Perry strongly condemned FTX's refusal to compensate affected users in regions such as China, Russia, Egypt, Nigeria, and Ukraine. The Perry project stated that it has also suffered harm from shameless institutions and conspiracy groups, once facing the brink of zero and despair, and deeply understands the helplessness and despair of the victims.Perry stated: As a community built by a global community, with many Asian members (most of whom are Chinese users), Perry has always firmly stood by the vulnerable groups and will not tolerate any unjust behavior.Based on this, Perry will launch an activity to test community cohesion, planning to raise over 2 million Perry in donation funds, which will be entirely used to compensate the affected users in the FTX incident. All affected users can register through Perry's official Twitter, and will subsequently receive a uniform distribution of compensation.

ChainCatcher news, Chainlink's well-known community contributor Zach Rynes pointed out that the view of meme coins and celebrity coins as an entry point for ordinary users into the cryptocurrency space has been proven wrong.He stated that these tokens actually constitute a value extraction channel aimed at retail investors, and financial nihilism has become a negative factor in cryptocurrency culture.

ChainCatcher news, the LIBRA token incident involving the Argentine president's token has caused some users to suffer economic losses. While this is considered a market-driven event, it also highlights the inherent risks in the cryptocurrency industry. In response, the BNB ecosystem projects Four.meme, MyShell, and Bacon Protocol, along with crypto KOL EnHeng, have jointly organized spontaneous donations to support the affected users of the LIBRA incident. This initiative not only helps the direct beneficiaries but also supports the broader BNB Chain community.Eddie, a representative of Four.meme, commented: "We have always believed that the power of meme culture and decentralization can change the world. This donation action not only provides support to the affected users but also reflects our commitment to community responsibility and the collective progress in the decentralized finance sector."MyShell and Bacon Protocol also contributed to the donation effort, further demonstrating community involvement within the BSC ecosystem. The total donations from Four.meme, MyShell, and Bacon Protocol reached $60,000 in tokens. This donation was also supported by Binance founder CZ with a total of 150 BNB.This donation activity is seen as part of ongoing community engagement. As the cryptocurrency market continues to evolve, the participating organizations plan to maintain collaboration to address industry challenges. More cooperative opportunities are expected to be explored within the BNB Chain ecosystem in the future.

ChainCatcher news, according to a report by the Hong Kong Commercial Daily, Hong Kong Legislative Council member Yau Liu Shuyi stated that as the only region in the country capable of developing cryptocurrency trading, Hong Kong should further relax regulations to expand the industry scale. She pointed out that although the SAR government released a policy declaration for the development of virtual assets in October 2022 and established a relevant regulatory framework, the current industry scale is still relatively small.Yau Liu Shuyi emphasized that the fintech industry is particularly suitable for development in Hong Kong, as it is a "light asset" industry that does not require significant infrastructure investment and mainly relies on technological innovations such as blockchain. She suggested accelerating the improvement of the regulatory framework to create a more favorable environment for industry development.

ChainCatcher news, according to CoinDesk, Memeland CEO Chen Zhancheng stated, "Bitcoin is the largest meme coin on Earth."

ChainCatcher news, according to Jinshi reports, ECB Governing Council member Simkus expressed support for the expectation of three more rate cuts in 2025, stating that the direction of interest rates is clear, the next steps are also clear, and there is no good reason to not cut rates in March.

ChainCatcher news, according to Coindesk, Castle Island Ventures partner Nic Carter pointed out that the era of meme coins as a fair trading opportunity has ended. He believes that meme coins initially attracted retail investors because they seemed to offer a level playing field, but now the market is dominated by insider trading, pre-release trading, and bot trading, putting ordinary traders at a disadvantage.Carter stated that the promise of "fair issuance" for meme coins has been exposed, and the market is no longer fair. Although the recent trading frenzy has subsided, he believes the industry will not disappear, and there will still be new token issuances and winners, but "the era of memes is over."As confidence in meme coins wanes, Carter expects regulators to crack down on insider trading and predicts that blockchain trading history will drive future enforcement actions. He believes the market will shift towards more sustainable and fair token issuance models.

ChainCatcher news, Coinbase CEO Brian Armstrong posted: "Recently, Meme tokens have attracted a lot of attention, and some people have asked me how I view them. Personally, I am not a Meme token trader (except for a few test trades), but they have become very popular. You could say they have been with us from the beginning, and Dogecoin remains one of the most popular tokens. Even Bitcoin is a type of Meme coin. We should keep an open mind about the development direction of Meme coins.Recently, some Memes have clearly gone too far, to the point where insider trading is happening. We should clear out the bad actors and encourage those who are trying to create lasting value. We want to bring the next billion users on-chain, and the only way to do that is to build the products and services that people want."

ChainCatcher news, according to AggrNews, billionaire Mark Cuban announced the suspension of the Meme coin project, stating that significant changes are needed.On January 21, Mark Cuban posted: "If Meme coins are viable, maybe I would issue one. Same terms as TRUMP, 20% circulating supply, same release schedule. There is one difference, all proceeds from the sale of the tokens will go to the U.S. Treasury. The wallet address will be made public so everyone can track it. If you want to gamble, go ahead. But at least use it to reduce U.S. debt."

ChainCatcher message, the Meme project PAIN posted on social media stating that, as previously promised by the project, 80% of the raised 185,976 SOL has been successfully refunded, and all funds sent after block 318346069 (i.e., the end of PAINSALE) have also been refunded.Its tokenomics shows that the total supply of PAIN is 10 million, with 50% allocated to Harold himself, 20% for presale, 15% for liquidity, 10% allocated to the community, and 5% allocated to partners.

According to ChainCatcher news, as reported by CoinDesk, a recent survey by the cryptocurrency exchange Kraken shows that 85% of U.S. cryptocurrency investors hold Meme coins, with 76% believing that the potential returns outweigh the risks. The survey found that 44% of cryptocurrency holders believe that Meme coins will enhance the credibility of the crypto market, and 42% expect Meme coins to outperform other crypto assets in 2025.Data shows that FOMO is one of the main reasons investors purchase Meme coins. 29% of holders aim for short-term profits, while 23% see it as a diversification option for their portfolios. Notably, female investor participation is slightly higher than that of males, at 86% and 84%, respectively.

ChainCatcher news, 21Shares strategy director Eliézer Ndinga posted on the X platform that the LIBRA token scandal marks the peak of the Meme coin craze, prompting the need for stronger risk management measures on Launchpad platforms.Meanwhile, clarity in global regulation is crucial—especially regarding government officials launching their own Meme coins. While permissionless innovation should be open to everyone, safeguards must be established to protect consumers and prevent fraud. For example, automated systems can flag contract addresses previously involved in Rug pulls, helping investors avoid fraudulent activities.

According to ChainCatcher news and Glassnode data, the open interest in the Meme sector has significantly shrunk since its peak. The 7-day moving average of DOGE open interest has dropped from $3.58 billion on December 9, 2024, to the current $1.49 billion, a decrease of 58.45%.Other Meme coins have seen even larger declines, with PEPE down 71.93% (from $1.25 billion to $351 million), BONK down 75.10% (from $715 million to $178 million), and WIF down 69.83% (from $653 million to $197 million).Although SHIB and FLOKI have relatively smaller open interest, their declines are also significant, falling 74.41% and 69.18% respectively, down to $83 million and $12.9 million. This trend clearly indicates a substantial correction in the open interest of the Meme sector. This may suggest an exit of leveraged funds and also reflects a shift in overall market sentiment in the Meme sector.

According to ChainCatcher news, the Web3 AIGC & AI Agent platform MelodAI announced today that the official buyback and destruction of the Bolt Meme coin has begun.According to the roadmap of Bolt meme coin, MelodAI will gradually purchase no less than 25% of the tokens from the market.Of this, 5% will be used for airdrops and community operations, and no less than 20% of the tokens will be sent to a black hole address for destruction.It is reported that the Bolt meme coin has performed well since its launch, with the token price surpassing its previous high.

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.

ChainCatcher news, Vitalik stated that the claim about him holding 3 out of 5 seats on the board of the Ethereum Foundation (EF) is inaccurate. He clarified that since 2017, he has only held one seat on the three-member board.