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- 3/4/25: The SEC Just Freed the Apes š¦š³š¤Ø
3/4/25: The SEC Just Freed the Apes š¦š³š¤Ø

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Top News
SEC closes Yuga Labs investigation with no enforcement action
Ethereum whale up $81M after shorting ETH at $3,200 with 50x leverage
Rumors circulate that Trump will announce 0% capital gains tax on crypto

Specsā Insights
1. SEC closes Yuga Labs investigation with no enforcement action
After 3+ years, the SEC has officially closed its investigation into Yuga Labs.
This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.
ā Yuga Labs (@yugalabs)
10:21 PM ā¢ Mar 3, 2025
Our monkey JPEGs are actually ā finally ā totally safe!
The SEC has officially ended its investigation into Yuga Labs after more than three years, without any enforcement action. This isnāt just a win for BAYC holdersāitās a win for all NFT communities. NFTs are now effectively deemed NOT securities.
That said, donāt think the SEC wonāt come after NFT projects that commit fraud or issue tokens that act like securities (e.g., promising revenue shares or direct financial returns). But the broader picture? The vibe shift is real.
We are literally watching the SEC drop investigations left and right against major crypto players like Coinbase, OpenSea, Uniswap, Consensys, and now Yuga Labs. The agencyās new crypto task force will hold its first roundtable later this month, kicking off a series of meetings to provide actual regulatory clarity for the industry.
I know the market is down, but you have to see the forest from the trees. The future has never looked brighter for crypto.
Time to sit on your hands and HODL. Donāt capitulate and sell the dipābe greedy when others are fearful.
2. Ethereum whale up $81M after shorting ETH at $3,200 with 50x leverage
WOWWW !! THIS IS CRAZY š¤Æ
SOMEONE SHORTED ETH AT $3,200
WITT 50X LEVERAGE, NOW SITTING
AT $81 MILLION UNREALIZED PROFIT!GENIUS WHALE OR INSIDER ?
ā Ash Crypto (@Ashcryptoreal)
8:38 AM ā¢ Mar 4, 2025
What did he know?
An Ethereum whale shorted ETH at $3,200 with 50x leverageāand is now sitting on an unrealized profit of $81M.
This move came just as the entire market started to slump. Some highlights:
Crypto market loses 350B in 24 hours, 2nd worst drop ever
Crypto ETPs saw record $2.9B in weekly outflows
ETH/BTC ratio just hit a 4-year low
ETH tested $2K, its lowest level since Nov 2023
Naturally, Crypto Twitter is speculating that this trader had insider knowledge. But so far, thereās no concrete evidenceājust an insane level of conviction on a massive, high-leverage short. Maybe theyāre just that good.
The whale has started closing positions to secure profits, as the market begins reacting to their trade. This is where cryptoās transparency shinesāno backroom deals, no hidden tradesāeverything is on-chain, for everyone to see.
Imagine applying the same real-time trading transparency to politicians. Right now, they technically have to disclose their trades, but they get 45 days to do so. Thatās plenty of time to adjust narratives, manipulate sentiment, and front-run retail.
This sort of system would instantly delete any alpha politicians have from their insider knowledge.
Elon, do something.
3. Rumors circulate that Trump will announce 0% capital gains tax on crypto
š„RUMOR:
TRUMP EXPECTED TO ANNOUNCE 0% CAPITAL GAINS TAX ON U.S. CRYPTO HELD 1+ YEAR AT FRIDAYāS WHITE HOUSE SUMMIT
MASSIVE IF TRUE! š
ā Crypto Rover (@rovercrc)
7:28 AM ā¢ Mar 4, 2025
The rumor mill is spinning!
Everyone is waiting to see what Trump announces this Friday at the first-ever White House Crypto Summit.
One of the biggest rumors floating around? Trump will eliminate capital gains tax on crypto held for over a year.
Weāve heard this before. Back in January, Eric Trump teased the idea, saying it could boost innovation and investment, further positioning the U.S. as the global leader in crypto.
Unfortunately for our bags, this one looks like fake news. The supposed leak came from a Discord chat with Eric Trump and David F. Bailey, but Bailey quickly shot it down, saying āMagoo is trolling. Youāre now a victim of fake news.ā
No reputable sources have backed the claim, so donāt get your hopes up. But itās amazing how quickly people latch onto rumors when they align with their confirmation bias.
As for whether this would actually be a good idea? Hard to say. The bag bias is real.
Join Specs.Chat to see what the hive mind thinks.

Everything Else
š Market Movements
Crypto market cap drops $350B in 24 hours, second-worst decrease ever
ETH/BTC ratio drops to 4-year low
Crypto ETPs see record $2.9B in weekly outflow
BTC drops to $84K, fills CME gap
Dogecoin & Solana plunge as ETH hits 15-month low
ETH tests $2K, lowest since Nov 2023
Market crash triggers $500M ETH liquidations
Whale shorting ETH with 50x leverage now sits on $81M unrealized profit
āļø Crypto & DeFi
Trumpās reserve criticized for XRP, SOL, and ADA inclusion
Trumpās crypto reserve could be bait for BTC & ETH inclusion
Rumors circulate of no capital gains tax on crypto in U.S.
Cronos team proposes reissuing $5.3B burned CRO
Copper hires new compliance chief
OnlyFans creator targeted by Bitcoin thieves
Tether hires Simon McWilliams as new CFO ahead of full audit
Aave expands to Sonic Layer-1
BOB Layer-2 progresses with Fireblocks integration
Photon adds wallet tracker, quick swap, and reused X account tracking
š¦ Wall Street & VC
CoreWeave files for IPO
NYSE Arca proposes rule change for Dogecoin ETF
Nasdaq files for Grayscaleās Hedera ETF
Michael Saylor keeps 500K BTC holdings steady
Hut 8 reports $331M net income
Coinbase investigates crypto spending on SEC case
Core Scientific appoints new CFO
Ethereum Foundation backs ZKNox for post-quantum cryptography
šļø Legal & Regulatory
Senate to vote on IRS crypto broker rule
Crypto Caucus forms in Congress after Trumpās crypto push
SEC plans first crypto task force meeting
SEC to drop Kraken lawsuit
SEC offers $50k buyouts employees amid restructuring
š Rest Of The World
š¼ļø NFTs & Metaverse
Kanye West asks Ansem to meet up in LA
Parallel Ethereum card game goes mobile
Zora launches memecoin with airdrop
Ethereum NFTs rally as ETH & BTC surge
