#Market_Update 🚀 Market Highlights
Bitcoin ($BTC ) has surged past the $110,000 mark, reaching an all-time high of $111,000, driven by institutional demand and macroeconomic factors.
Ethereum ($ETH ) is trading above $2,500, with analysts pointing to strong on-chain metrics and technical indicators suggesting a potential rally to new highs.
Memecoins like MOODENG, BUILDon, and MOG have posted double-digit gains over the past 24 hours, indicating renewed interest in these assets.
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⚖️ Regulatory and Legal Developments
Ripple (XRP) is facing legal uncertainties as the SEC remains silent on its next steps in the Ripple case, causing $XRP to slump over 5%.
Mango Markets exploiter Avraham Eisenberg had key fraud and manipulation convictions vacated by a judge, impacting the DeFi legal landscape.
Coinbase has warned of a potential $400 million hit from a cyberattack that breached account data of a subset of its customers.
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🌐 Global Crypto Trends
U.S. Banks are exploring the launch of a joint stablecoin, signaling increased institutional adoption of digital assets.
Argentina's $LIBRA Scandal continues to unfold, with over 100 criminal complaints filed against President Javier Milei following the collapse of the $LIBRA token, leading to significant investor losses.