china

$BTC $ETH $XRP
Major Developments:
• China clamps down on stablecoins Chinese regulators have instructed brokerage firms to stop endorsing or hosting seminars promoting stablecoins a move aimed at curbing financial instability and misuse of digital assets.
• Ripple settlement and lawsuit dismissed The SEC has dropped its lawsuit against Ripple Labs, one of the most closely watched crypto legal cases. Ripple must still pay a $125 million fine, and both parties have agreed to terminate appeals.
• White House crypto adviser resigns Bo Hines, who led President Trump’s Council of Advisers on Digital Assets and was a key architect of recent crypto regulatory efforts (including the GENIUS Act), announced his departure to rejoin the private sector.
Market and Investment Trends:
• Ethereum blazes ahead Ethereum has surged posting around a 50% monthly gain and surpassing the $4,000 mark, underpinned by strong institutional ETF inflows and high trading volumes . It now accounts for about 35% of all cryptocurrency exchange trading volume.
• Bitcoin's market dynamics shifting Bitcoin’s dominance has fallen to roughly 52% as altcoins including Ethereum gained traction due to technical breakouts and rising investor interest.
•Bullish catalysts for Bitcoin Analysts point to monetary easing, growth in ETF offerings, and increasing retail inflows as key factors that could help Bitcoin break above $120,000
• Cautious optimism Nasdaq link remains concern A top economist warned that Bitcoin’s rally may be closely tied to movements in the Nasdaq, making it potentially vulnerable to equity market volatility.