๐ Market Highlights
Bitcoin ($BTC ) has reached a new all-time high of $111,986, driven by strong institutional demand and favorable regulatory developments.
Ethereum ($ETH) is trading around $2,645, showing resilience despite a 20% year-to-date decline.
$XRP has surpassed $2.44, becoming the third-largest cryptocurrency by market capitalization.
The global crypto market cap stands at approximately $3.33 trillion, reflecting a 1.14% increase in the past 24 hours.
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๐ฆ Institutional Developments
Kraken is set to launch tokenized versions of over 50 major stocks and ETFs, including Apple, Tesla, and Nvidia. These "xStocks" will be available to customers outside the U.S., trading on the Solana blockchain.
Major U.S. banks, such as JPMorgan Chase and Bank of America, are exploring the creation of a joint stablecoin to streamline digital transactions.
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๐ฐ Regulatory and Political Landscape
The U.S. Senate has advanced the GENIUS Act, aiming to regulate dollar-pegged digital tokens.
Texas has passed a bill to establish a strategic bitcoin reserve, reinforcing its position as a crypto-friendly state.
President Donald Trump hosted a dinner for top holders of the TRUMP coin, sparking discussions about the intersection of politics and cryptocurrency.
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๐ Visual Snapshot
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๐ฎ Emerging Trends
Bonk ($BONK ) has seen a 55% increase in the past week and is projected to rise by over 200% by the end of May.
Circle has launched a new payment network, further shaping the stablecoin landscape.
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