Recent Market Movements
- *Bitcoin Surges*: $BTC has surged to new highs above $117,000 as investors go risk-on, with some analysts predicting it could reach $130,000 or even $200,000 in the near future.
- *Ethereum Breaks $3,400*: $ETH has broken through the $3,400 mark, with investors split between accumulation and profit-taking.
- *Altcoin Rally*: Altcoins like $BONK have seen significant gains, with Bonk rising 15% to lead meme coin rallies ¹ ² ³.
Regulatory Developments
- *US Stablecoin Bill*: The US House of Representatives has passed a stablecoin bill, with the GENIUS Act clearing a House vote and potentially becoming law this week.
- *Vietnam Legalizes Crypto*: Vietnam has legalized cryptocurrency under its new digital technology law, providing clarity for the industry.
- *South Korea's Stablecoin Plan*: South Korea's ruling party has unveiled a plan to allow stablecoins, potentially paving the way for greater adoption ¹ ³ ⁴.
Institutional Adoption
- *Standard Chartered's Bitcoin Trading*: Standard Chartered has become the first global bank to offer spot Bitcoin and Ether trading, signaling increased institutional interest.
- *Metaplanet's Bitcoin Purchase*: Metaplanet has added 1,111 Bitcoin to its holdings, approaching Tesla's BTC holdings.
- *Coinbase's New App*: Coinbase has launched a new all-in-one crypto app, providing users with a streamlined experience for social, payments, and trading ¹ ³ ⁴.
Other Notable News
- *Tether Reaches $160 Billion Milestone*: Tether has reached a market cap of $160 billion, but some analysts warn of potential risks.
- *Quantum Attack Risks*: Bitcoin's $590 billion market cap faces risks of quantum attacks, which could potentially compromise the security of the network ³.
