🔥 Market Snapshot

Bitcoin (BTC): Standing at $106,122, with a decline of 1.4% in the last 24 hours.

Ethereum (ETH): Standing at $2,636, down 3.3% recently.

XRP: Holding steady at $2.22, with a modest decline of 2.6%.

BNB: Standing at $672, down 1.5%.

Dogecoin (DOGE): Standing at $0.209, down 6.9%.

The total market has declined slightly, by a decline of 2.43% in the total market capitalization over the last 24 hours.

🏛️ Institutional & Regulatory News

Ripple vs. SEC: The U.S. Securities and Exchange Commission (SEC) has withdrawn from the appeal in the ongoing Ripple case, earning the cryptocurrency company a major victory. Ripple CEO Brad Garlinghouse announced the conclusion of the case, ending a court battle begun in December 2020.

Pakistan's Strategic Reserve: Pakistan has announced the establishment of a Bitcoin strategic reserve, signaling its move toward accepting cryptocurrency in its financial strategy.

U.S. Executive Order: Executive Order issued by President Trump establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, mandating federal agencies to conduct a full audit of their cryptocurrency holdings.

⚖️ Legal & Security News

Ripple's Legal Standing: Ripple informed the SEC that fungible digital assets cannot be considered as securities in secondary sales, according to precedent.

🌐 Global Developments

Dubai's Crypto Plans: Dubai is setting itself up as a top hub for cryptocurrencies, with regulators looking to ease the weight of costs for smaller crypto firms and showing an open-minded approach to bringing and regulating the space.

U.S. Crypto ETF Projections: Analysts predict that Bitcoin ETFs can see $3 billion in inflows in Q2 without even seeing price recovery, reflecting growing institutional investment.