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Eid Mubarak
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Market Updates - *Bitcoin Price*: $BTC Bitcoin surged above $110,000 after a post from Paraguayan President Santiago Peña's hacked X account stated that BTC has been approved as a legal tender in the country, although the post was later flagged as false. Currently, Bitcoin is trading at $109,248 with a 0.12% decrease. - *Ethereum Price*: $ETH Ethereum price rallied above $2,800 for the first time in 15 weeks, with ETH open interest reaching a record $40 billion. The current Ethereum price is $2,778.56 with a 3.82% increase ¹ ² ³. Regulatory News - *CLARITY Act*: The US House Financial Services Committee voted to advance the crypto market structure bill, known as the CLARITY Act, in a 32 to 19 vote. - *Ukraine Crypto Bill*: Ukraine's parliament has introduced a bill that would allow the National Bank of Ukraine to acquire crypto assets like Bitcoin as part of state reserves. Adoption and Partnerships - *Ripple Partnership*: Ripple has partnered with Guggenheim Partners, a $350 billion asset manager, to expand its digital debt offering on the XRP Ledger. - *PancakeSwap*: PancakeSwap has launched one-click cross-chain swaps with Across Protocol, aiming to reduce bridge risk and improve DeFi user experience. - *FTX Partnership*: FTX has partnered with Payoneer to distribute customer refunds ³ ¹. Other News - *MEXC User Protection Fund*: MEXC has introduced a $100 million user protection fund to safeguard users against platform breaches and technical failures. - *Sandeep Nailwal*: Polygon co-founder Sandeep Nailwal has taken charge as the first CEO of Polygon Foundation, marking a shift away from decentralized governance .
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