Here's the latest crypto news update:
*Market Updates*
- *Bitcoin Price*: Bitcoin is trading at $117,879, down 0.76% today. It's approaching a critical juncture with a textbook ascending triangle converging with a tight trading range.
- *Ethereum Price*: Ethereum is trading at $4,483.93, down 2.78% today. Its price moves closer to an all-time high, but liquidity shortage could trigger a breakout toward $6,000.
- *XRP Price*: XRP is trading at $3.09, down 0.45% today. Analysts predict XRP could reach $4.19 or even $5 in the near future.
*Regulatory News*
- *Federal Reserve*: The Federal Reserve has ended its program to monitor banks' crypto activities, integrating them into standard supervisory processes.
- *SEC*: The SEC has approved in-kind redemptions in Ethereum and Bitcoin ETFs. SEC Chair Paul Atkins is pushing for clearer crypto guidelines.
*Other News*
- *Grayscale*: Grayscale has filed for a Dogecoin ETF under the ticker 'GDOG'. DOGE price surged following the news.
- *Gemini*: Gemini has filed with the SEC to go public, targeting Nasdaq.
- *DeFi*: DeFi Development Corp has boosted its Solana holdings to $273 million.
- *Blockchain*: Axie Infinity creator Ronin network is returning to Ethereum as L2 .