#BTC110KToday? 📈 Market Highlights

Bitcoin $BTC is trading at $106,696, nearing its all-time high. The price peaked at $107,844 today, driven by increased institutional interest and a 10.65% rise in futures open interest, indicating bullish momentum.

Ethereum $ETH has climbed to $2,541, with a daily high of $2,600. The recent Pectra upgrade has attracted $205 million in weekly inflows, signaling strong investor confidence.

Solana $SOL experienced a 3% uptick as bulls aim to sustain the current momentum.

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🏛️ Regulatory Developments

South Korea is set to implement stricter Know Your Customer (KYC) rules in June, tightening regulations on nonprofit sales and exchange listings in preparation for institutional crypto market entry.

India's Supreme Court has urged the government to establish clearer cryptocurrency regulations, questioning the rationale behind taxing digital assets like Bitcoin without a comprehensive legal framework.

SEC Commissioner Caroline Crenshaw criticized the agency's inconsistent approach to crypto regulation, describing it as a precarious "regulatory Jenga" that could undermine investor protections.