#CryptoMarket4T Here are some of the latest crypto updates:
Recent Developments
- *Crypto Market Cap*: The cryptocurrency market capitalization has surpassed $4 trillion, driven by Bitcoin's steady dominance and surging altcoin prices.
- *Bitcoin Price*: Bitcoin recently hit a new all-time high above $123,000, and its dominance is currently at 53.26%, down by 0.06% over the day.
- *Ethereum ETFs*: Ethereum ETFs have seen record inflows, with BlackRock eyeing ETH staking.
- *GENIUS Act*: President Trump has signed the GENIUS Act, a landmark legislation for the crypto industry, aiming to make the US the "crypto capital of the world".
Notable Investments and Partnerships
- *Bit Origin*: Secured $500 million in equity and debt facilities to launch a Dogecoin treasury.
- *GSR*: Led a $100 million private placement into Nasdaq-listed MEI Pharma to launch a Litecoin treasury strategy.
- *SharpLink Gaming*: Plans to sell $5 billion in stock to purchase Ethereum.
- *KuCoin*: Launched xStocks, a one-stop access point to top global tokenized equities.
Regulatory Updates
- *US Stablecoin Bill*: The US House of Representatives has passed significant crypto bills, including the Clarity Act.
- *SEC Chair*: The Senate will consider Trump's CFTC pick as crypto oversight hangs in the balance