🚨 A new gem for your portfolio and bullish Ethereum predictions: Top crypto news analyzed.

GM!

It's Vanessa, your crypto informant from the best community there is — buidlbee — back with a hump day special! I'm here to bring the talk of the town, the news, tips, tricks, and analyses to make you a crypto billionaire overnight 🤑

Just kidding...

I will, however, give you exclusive insights into the industry today...

• An update on SEC's war on stablecoins 😤

• A crystal ball look into the future of Ethereum 🔮

• Another altcoin heading for the moon 🚀

In my mail yesterday, we chatted about SEC's recent wild-n-out moment with Binance, its stablecoin — BUSD, — and its issuer — Paxos. We never got down to the reasons this happened and if it threatens the position of other stablecoins, because, since the whole FTX scandal, the SEC has been clutching its pearls and keeping its eyes on the ground.

In an interview with Bloomberg TV, Kaiko’s Director of Research, Clara Medalie, stated how BUSD was an easy target because, although it was a good competitor for USDT, it was hardly used outside the Binance ecosystem. She added that this conclusion doesn't eliminate USDT and USDC specifically as the next victims. Although Tether will be harder to regulate because it is not actually domiciled in the United States.

On the flip side, BUSD was labeled a security, even though it doesn't meet the criteria of the "Howey Test," which is used to categorize financial assets. According to the test, a security is an investment contract in which profits are expected. To put it plainly, all stablecoins will get an 'F' on that test easily. So, the SEC pulled out their hidden lethal weapon — the Securities Act of 1993 — which defines securities more loosely. 

There is also some tension between Circle and Binance, as last year, the former filed a complaint against Paxos with the New York State Department of Financial Services (NYSDFS), concerning ineffective reserve management and insufficient reserves on the part of Binance. So it seems like NYSDFS has always had an eye out for the biggest exchange in the industry. Of course, we are hoping karma has a soft spot for Circle, and that the other two major stablecoins — USDC and USDT — are safe in the future 🤞

A survey from crypto and fintech experts on Finder, predicts a bullish year ahead for Ethereum with a peak of $2,500 per coin and wrapping up the year at $2,200. The survey included 56 experts from around the world and I'm here to share the best parts.

• 25% of participants believe ETH could surpass BTC by 2025 in terms of growth rate.

• 60% of participants believe that ETH is undervalued.

• 28% believe it is fairly priced.

• 12% think ETH is overvalued.

• 16% recommend selling.

• 56% think its a great time to buy.

• 28% think its time to HODL your ETH assets tightly.

Another interesting take was the probability of flippening [i.e., when the total market cap of an asset surpasses the total market cap of Bitcoin]. Here's what the experts think.

• 22% are unsure that the flippening will ever occur.

• 10% see it happening in 2024.

• 14% see it happening in 2025.

• 18% see it happening in 2030.

Don't forget to check out our article for specific comments from well-known experts 😉 Also, we might as well have our own little survey below. I'd be waiting for your response!

I just want to start by saying, you're welcome 😎 As a great friend, it's my priority to highlight the altcoin gems you may be missing out on. Today, the spotlight is on an eco-friendly token — Dovu! Backed by InMotion (the venture arm of Jaguar Land Rover,) the goal of the project is to reduce the carbon footprint of the crypto market and the world at large.

In January, DOV was up by 153.23% from $0.001858 to $0.004705. It took a quick dip of 26.51% in the red sea at the start of this month, but since February 10, a new bull rally was unleashed. This could be because of:

• A green collaboration with Hedera for a proof-of-stake public distributed ledger. The partnership helped Hedera cover emissions for flight, electricity, recycling materials, and construction, and is likely to continue.

• On February 13, DOV was leading by market cap in Ethereum and rose by 109.3% to ~$8.6M yesterday.

As of yesterday, DOV was up by 110.6% from $0.004341 to $0.009142, but now currently trades at $0.0127, rising by an extra 20%! But, as always, we must zoom out. DOV entered the market at $0.317 and reached its ATH of $0.9332 on December 1, 2018. In comparison, that's approximately a 10000% drop.

DOV is held in 6,708 wallets and has seen a 3627.96% increase in trading volume, and just yesterday, market participants transferred 152,035,189 DOV ($1.38M)! There are seven exchanges where you can buy DOV, and with more partnerships and listings in the future, it could head back to the $1 mark or really close. Nifty the altcoin gem hunter also calls it "A certified micro-cap gem set to explode", so who knows what the future holds. Don't forget to do your own research and risk only what you're ready to lose.

That's all I have for you today, pal. Share with friends, have a breezy hump day, and I'll see you tomorrow with more tips to help you make it with crypto! 🔥