Here are the latest crypto news updates:
Market Updates
- *XRP Price*: XRP is trading at $3.28, with a 5.23% increase today. The current market cap is $192.43 billion.
- *Ethereum ETFs*: Ethereum ETFs have seen significant inflows, with $1.02 billion in daily inflows, surpassing previous records.
- *Bitcoin Price Prediction*: Bitcoin traders are targeting $137,000 as US CPI print raises Fed rate cut odds to 94%.
Regulatory News
- *SEC Focuses on Clear Regulatory Framework*: The SEC is working on a clear crypto regulatory framework after the Ripple case dismissal, according to Hester Peirce.
- *US Bank Groups Urge Congress*: US bank groups are urging Congress to close a loophole letting stablecoin issuers offer yields through affiliate firms.
Other News
- *Kazakhstan Launches Bitcoin ETF*: Kazakhstan has launched a Bitcoin ETF, while Vietnam leaders visit Upbit.
- *Pantera Invests $300 Million*: Pantera Capital has invested $300 million in crypto treasury firms, expecting yields to beat ETFs.
- *Do Kwon Pleads Guilty*: Terraform Labs co-founder Do Kwon has pleaded guilty to fraud and agreed to a 12-year sentence and $19 million fine.
- *Ethereum Whales Accumulating*: Ethereum whales are accumulating large amounts of ETH, potentially driving the price up to $7,000 or $8,500 if Bitcoin reaches $150,000 .