Here are the latest crypto news updates:
Market Updates
- *Bitcoin Price*: Bitcoin is trading above $115,000, with buyers absorbing sell pressure and setting the stage for a potential breakout to new highs.
- *BNB Surges*: BNB has hit a new all-time high above $800, flipping Solana in market capitalization.
- *Altcoin Season*: Altcoins are gaining traction, with 71% of Binance Futures volume attributed to altcoins, signaling a potential altseason.
Regulatory Developments
- *Cynthia Lummis' Bill*: Senator Cynthia Lummis has released a draft bill aimed at making the US a global crypto capital, emphasizing the need for regulatory clarity.
- *SEC Crypto Roundtable*: The SEC is exploring tweaks to tokenization regulations, with Citadel Securities urging a focus on meaningful innovation.
- *UK's Crypto Stance*: The UK is set to ban public sector ransomware payments to "smash the cyber criminal business model".
Adoption and Partnerships
- *PNC Bank's Crypto Partnership*: PNC Bank is launching crypto trading services through a partnership with Coinbase.
- *SpaceX's Bitcoin Move*: SpaceX has transferred $153 million in Bitcoin after a three-year silence.
- *Trump's Crypto Ventures*: Trump's media company has reached a $2 billion Bitcoin treasury, with DJT stock spiking 6%.
Other News
- *Solana ETF Milestone*: Solana's SSK ETF has broken $100 million in assets under management, attracting institutional interest.
- *FBI Ends Probe*: The FBI has ended its investigation into Kraken co-founder Jesse Powell, returning confiscated devices .
