šØBreaking NewsšØ
$BTC $SOL
š Market Highlights:
⢠Bitcoin (BTC) has shot above $98,000, trading at $98,256.84 earlier today. This represents a 0.79% increase over the last 24 hours due to the Federal Reserve's announcement to suspend interest rate increases and increased popularity in staking protocols such as Solana (SOL), SUI, and Alpaca.
⢠The total market capitalization of cryptocurrencies has gone over $3.1 trillion, a 1% boost from the last 24 hours.
⢠Solana (SOL) is hovering at $146.50 after it rebounded from a temporary fall below $144.50. But it also has resistance at the $149 level, which suggests possible market indecision.
šļø Regulatory Developments:
⢠GENIUS Act Vote Today: The U.S.Senate will vote on the GENIUS Act, a bill to regulate stablecoins. Originally bipartisan, the bill now has opposition based on fears of possible conflicts of interest, particularly involving former President Trump's family's crypto business interests.
⢠End Crypto Corruption Act: Senate Democrats, in turn, have introduced a bill that seeks to prohibit presidents and their families from investing in or endorsing cryptocurrencies on ethical grounds.
š Industry News:
⢠Finder Leaves Crypto: Australian comparison website Finder is closing its crypto trading service, Wallet Ventures, after four years. It has teamed up with Swyftx to migrate user accounts.
⢠Reserve Rights Project Controversy: A side project of the Reserve Rights (RSR) ecosystem, dubbed DTF, has collapsed amidst allegations of misconduct within. The failure has left people questioning governance in the RSR community.
š Emerging Projects:
⢠Vaultro Finance ($VLT): Launching a presale today, Vaultro aims to establish a decentralized financial layer on the XRP Ledger, with an emphasis on transparent and permissionless investment opportunities.
⢠Xpfinance ($XPF): Also starting its token presale today, Xpfinance brings the first non-custodial lending platform to the XRP Ledger, opening up new opportunities for decentralized finance participants.
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