Part 11/15:
The regulatory landscape remains uncertain. Major exchanges are seeking ways to operate within the bounds of law, often through integrations and offering access to DEX-like features without taking direct custody of assets. This approach aims to avoid legal conflicts with regulators such as the SEC, especially regarding unregistered securities and tokens.
The Importance of Tokenomics and Unlock Events
Token unlock events continue to pose risks. Many top altcoins have large unvested or unlocked supplies scheduled to release over the coming months, often leading to sell-offs. For instance:
- A hypothetical token with a current market cap of $115 million is slated for an $800-$900 million unlock, suggesting a potential drop of value unless demand outpaces supply.