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On February 20th, Vitalik Buterin took an Ask Me Anything (AMA) where he responded to the serious question as to whether Ethereum should embrace the casino industry. There has been widespread criticism amongst certain sectors that Ethereum is not doing enough to support blockchain casinos. Buterin responded that he would leave the crypto space if such a “moral reversal” occurred and that the very notion of a crypto casino goes against his fundamental beliefs. “Perhaps the most disappointing thing for me recently,” says Buterin, “was when someone said that Ethereum is bad and intolerant because we don’t respect the ‘casinos’ on the blockchain enough, and other chains are happy to accept any application, so they are better.” This comes at a critical time for the Ethereum Foundation. Buterin has suggested neutrality for the application layer and only limited support for specific projects. Financial concerns have consumed many discussions about the Foundation. Pure neutrality at the application layer would allow for more gambling. A more limited approach, conversely, would allow the Ethereum Foundation to uphold their own ethical standards, while making calculated and frugal decisions regarding funds. Buterin expressed disappointment at the online meetings, noticing an over-focus on issues such as crypto gambling. But he conceded that when he meets people in person they often express similar views to him, having a moral focus on the issue of casinos, rather than a purely financial concern. There may be other issues that Buterin is addressing by targeting online casinos. He may be taking a swipe at other tokens like Solana that have promoted meme coins without restraint. There may be other so-called ‘Ethereum killer’ tokens that Buterin is taking a swipe at. Perhaps the ‘ethical approach’, according to this perspective at least, is a case of sour grapes. The Ethereum price, after all, has been struggling in comparison to other tokens. This all comes as the Ethereum Foundation changes its strategy concerning funding, responding to concerns of the community that the foundation should fund projects with decentralized finance instead of merely selling Ethereum tokens. The foundation responded to this request by allocating 45,000 ETH, valued at $120 million, to defi solutions. This would involve funding platforms like Compound. The community agreed to the measures proposed.

The broader crypto market is facing a downturn, but some projects are still recording significant network activity. One such asset is Ondo (ONDO), the native token of the Ondo ecosystem. It is a decentralized finance (DeFi) network that leverages blockchain technology to tokenize real-world assets (RWAs). ONDO Dominates RWAs Space According to a tweet by the market intelligence platform IntoTheBlock, ONDO is currently dominating the real-world assets space. The asset has outperformed most RWA tokens and has the highest transaction volume. $ONDO is dominating the RWA space, posting the highest transaction volume and significantly outperforming other tokens, even in the current sluggish market pic.twitter.com/j7KV79dL1K — IntoTheBlock (@intotheblock) February 19, 2025 IntoTheBlock data shows Ondo’s transaction volume hovering close to $300 million, compared to other projects whose numbers are less than $40 million. A few weeks ago, Ondo’s transaction volume spiked to roughly $450 million before a steep plunge that saw the metric hover around $200 million. However, it has begun to rise again and is well on its way to smashing the $300 million mark. Although ONDO dominates transaction volumes, the same cannot be said for asset prices. As the fifth-largest RWA by market cap, ONDO was worth $1.23 at the time of writing, recording a slight uptick in the past 24 hours. The asset was down 7% weekly and 6% monthly, according to data from CoinMarketCap. ONDO is among the most visited tokens on CoinMarketCap, but the asset still lacks the daily and monthly momentum seen among its rivals. Ondo Records Significant Developments Nevertheless, the Ondo project has recorded several developments lately. The team recently unveiled the Ondo Chain, a layer-1 blockchain built for institutional-grade RWAs. The developers said Ondo Chain was built to end the lack of features necessary for regulated assets to thrive on-chain. The new network aims to crush infrastructure barriers for tokenized regulated securities. The barriers include incompatibility with DeFi, cross-chain liquidity fragmentation, high and volatile transaction fees, and inadequate security. Ondo Chain combines the openness of public blockchains with the compliance and security features of permissioned networks. Besides the introduction of the Ondo Chain, Ondo Finance recently secured a strategic collaboration with the U.S. President Donald Trump-backed DeFi protocol, World Liberty Financial (WLFI), to accelerate the adoption of tokenized RWAs. The alliance sees WLFI exploring the integration of Ondo’s tokenized assets into the WLFI network as treasury reserve assets. The post This Crypto Asset is Dominating the RWA Space Even Amid the Market Drawdown appeared first on CryptoPotato.

The U.S. Securities and Exchange Commission (SEC) is officially backing off its investigation into NFT marketplace OpenSea — yet another example of the crypto industry benefitting from loose regulations under the Trump administration. OpenSea co-founder and CEO Devin Finzer shared the news late Friday. The announcement came on the heels of Coinbase’s announcement that the SEC was dropping its case against them. “The SEC is closing its investigation into [Opensea]. This is a win for everyone who is creating and building in our space,” Finzer declared on X. “Trying to classify NFTs as securities would have been a step backward—one that misinterprets the law and slows innovation. Every creator, big or small, should be able to build freely without unnecessary barriers.” The SEC is closing its investigation into @opensea . This is a win for everyone who is creating and building in our space. Trying to classify NFTs as securities would have been a step backward—one that misinterprets the law and slows innovation. Every creator, big or small,… Last August, Finzer revealed that OpenSea received a Wells notice warning of potential charges related to unregistered securities. OpenSea had vowed to fight back, and now, it seems the marketplace has come out on top. If all this sounds like a pattern, that’s because it is. President Donald Trump received millions in campaign contributions from the crypto industry heading into the 2024 elections, according to Bloomberg . Former SEC Chair Gary Gensler, a former Goldman Sachs banker turned regulatory bulldog, led the toughest crackdown the crypto industry has ever seen. Under his watch, the SEC came after everyone from industry titans like OpenSea, Coinbase and Ripple, the firm behind XRP. Ripple and the SEC have been in a legal spat since 2020. The regulator accused Ripple Labs of selling unregistered securities, but Judge Analisa Torres ruled that XRP was not a security when sold to exchanges but determined that its institutional sales violated securities laws. She ordered Ripple to pay $125 million, significantly lower than the SEC’s initial $2 billion demand. Both parties filed appeals , but the SEC may withdraw its case now that Trump nominated pro-crypto SEC commissioner Paul Atkins to be agency chair. Essentially, the crypto crackdown under Gensler is now slowing down and the agency is taking a more laissez-faire approach, exemplified by the Coinbase and OpenSea announcements. Meanwhile, OpenSea isn’t just celebrating its SEC victory—it’s also throwing a party in the form of a SEA token airdrop. The OpenSea Foundation announced Thursday that it will reward active, loyal, and longtime users of its NFT marketplace and Seaport protocol with free tokens. While details are still fuzzy on when the SEA token will actually launch, OpenSea traders are already rubbing their hands together at the thought of free digital loot. The company has also rolled out OS2, a new multi-chain trading platform.

Bitcoin’s short-term holders (STH) are at a pivotal moment, as revealed by the latest BTC HODL Waves chart shared by Benjamin Cowen (@intocryptoverse). The data highlights a clear historical pattern: when the share of short-term holders—those holding BTC for less than six months—peaks and starts to decline, Bitcoin often enters a phase of heightened volatility. The current structure of the market suggests that BTC might be nearing a crucial shift, with its price hovering near all-time highs. The BTC HODL Waves graph allows traders to observe the price movements of Bitcoin against the distribution of coins held for varying amounts of time. The white line indicates Bitcoin’s price, which has risen from pennies in 2009 to almost $70,000 in 2024, while the color bands represent percentages of BTC held for varying lengths. Therefore, as of now, most of the supply is comprised of short-term holders, represented by the red, orange, and yellow bands, which cover holders from less than a day to six months. Similar patterns emerged during previous bull market peaks such as 2013, 2017, and 2021, which saw short-term holder increases as Bitcoin hit significant highs before corrections followed. Although short-term trading activity has started to increase, long-term holders-BTC holders for more than one year-remain solid in their position. The yellow to green bands, which signify holders having between one year and ten years, continue to hold the upper hand. In the past, when these holders started selling into strength, it marked the distribution phase in a cycle. Their toughness so far indicates that the market still has a space to run before a big sell-off occurs. Interestingly, the more-than 10-year holder population is holding quite steady, indicating that some of the early adopters and also institutional investors are still holding theirs regardless of the price. The true conviction, which reads that the asset holds true value over the longer term, persists despite the lure of speculative traders coming into the market. If historical patterns hold, Bitcoin’s short-term holder dominance could act as a warning sign for increased volatility. A surge in STH supply typically precedes market corrections, as newer investors tend to sell when sentiment shifts. However, if long-term holders continue to hold firm, BTC could still have enough strength to push towards new highs before a cooling-off period begins. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The U.S. Securities and Exchange Commission (SEC) has decided to drop its investigation into OpenSea, the largest NFT marketplace, opting not to take legal action. This decision is seen as a positive sign for the NFT industry. OpenSea founder Devin Finzer celebrated the report’s conclusion, calling it a win for creators and the Web3 community. The SEC’s probe into OpenSea began in August 2024 after the agency issued a Wells notice indicating its intent to take legal action. The main question was whether some non-fungible tokens (NFTs) traded on the platform should be classified as securities. Previously, the SEC had raised concerns about whether NFTs might be considered securities under securities laws. This was part of its ongoing efforts to regulate the cryptocurrency and digital asset industries. However, after a lengthy investigation, the SEC has chosen not to pursue legal action against OpenSea. Related: OpenSea Faces SEC Scrutiny Over NFT Classification Finzer the founder of OpenSea, announced the news to the public, confirming the investigation’s closure and sharing his satisfaction with the outcome. He described the decision as a positive step for the NFT space. He emphasized the importance of not classifying NFTs as securities, as he believes this could hinder innovation. Back in 2024, the initial Wells notice had suggested that NFTs on the platform could be subject to securities laws. This raised alarms within the industry, and many, including Finzer, argued that such a stance could harm innovation. The SEC’s decision to close the OpenSea investigation comes soon after the commission dismissed a lawsuit against the cryptocurrency exchange Coinbase. In the Coinbase case, the SEC had accused the platform of acting as an unregistered securities broker, but the SEC also dropped that case. Related: Ripple CEO Applauds SEC for Dropping Coinbase Lawsuit: Time for XRP to Shine? Even though Magic Eden is a competitor in the NFT marketplace, its Chief Business Officer, Chris Akhavan, supported OpenSea’s outcome. He mentioned the industry’s shared belief in NFTs’ potential and noted that the SEC’s decision would benefit the industry and positively impact future NFT development. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.