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 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 .