- *Bitcoin Update*: Bitcoin miners have halted sales as the price gains 20% since the hash ribbon "buy" signal ¹. Strategy co-founder Michael Saylor predicts Bitcoin will beat all public equities, with his company potentially becoming a $1
1#0 trillion enterprise ¹.
- *Regulatory Developments*: The SEC has delayed its decision on the Solana ETF, while over 80% of investors bet on its approval ¹ ². Meanwhile, new SEC Chairman Paul Atkins supports clear rules for cryptocurrency, aiming to stop sudden crackdowns ³.
- *Market Trends*: Asia's wealthy are shifting from US dollar assets to crypto, gold, and Chinese markets, according to UBS ¹ ². The crypto market experienced a dip, but XRP showed strength, rising to the 3rd spot due to increased adoption and Missouri's new cryptocurrency law proposal ³.
- *Institutional Investment*: Standard Chartered has partnered with FalconX to scale institutional crypto banking ¹. Coinbase is set to join the S&P 500, with its stock price soaring 23% ahead of its debut ⁴.
- *Token News*: Synthetix has proposed a $27M token swap to acquire Derive's options platform ⁵ ¹. Tether has launched a gold-backed token, XAU₮, on the Thai exchange Maxbit ¹.#NewsTrade #todaynews