SEC fears Ethereum’s impact on banking sector, memecoin index outperforms S&P 500

Bitcoin is following the same patterns it has lately, so analysts are reporting the same things. With that, let’s turn our attention to all things altcoins. Analysts suggest that altcoins will hit their local bottom in the early summer, which could lay the foundations for altseason, but a few things need to happen first. In other news, Ethereum co-founder Joseph Lubin slams the U.S. SEC for stifling innovation and fearing DeFi’s impact on the traditional banking system, all while Ether turns inflationary again for the first time since 2022. Finally, memecoins aren’t just for degens, it would seem, as a VanEck subsidiary’s memecoin index outperforms the S&P 500 many times over.

Further reading:

• Altcoins will bottom in early summer before bull run — Analyst
• SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
• Ether turns inflationary for the first time since Merge
• VanEck subsidiary’s memecoin index up 137% year-to-date

So, grab yourself a coffee, and let’s get into it!

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