🗞️ Daily summary of the crypto market – July 22
🚨 Regulation and policy
• The U.S. Senate introduced a new bill aimed at regulating the use of crypto assets, excluding certain stablecoins from SEC oversight.
• The “GENIUS Act” was signed, providing a legal framework for stablecoins backed 1:1 with dollars.
🏦 Banking and crypto integration
• PNC Bank partners with Coinbase to allow buying and selling of cryptocurrencies from its app.
• JPMorgan explores offering loans using cryptos as collateral.
📉 Market today
• Bitcoin slightly retreats after reaching 119k but maintains an upward structure.
• Ethereum and XRP fall by more than 4%, while Solana stands out with a 2.6% increase.
🚀 Relevant movements
• SpaceX moved over 1,300 BTC, its first transaction since 2022.
• The illegal forum BreachForum was dismantled thanks to the tracking of BTC payments.
⚖️ Legal cases
• The U.S. confiscates over 2 million in crypto linked to the financing of extremist organizations.
• Actions are initiated to seize another 7.1 million tied to energy fraud.
📊 Outlook
• Analysts see signs of continued bullishness for BTC, with projections of up to $140,000 in the coming months.
• Market sentiment remains in the “greed” zone.
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