Below are the five major events that occurred in the cryptocurrency world yesterday, each one cannot be missed!

1️⃣ The head of the Federal Reserve, Powell, has spoken. He said that Bitcoin is more like a virtual gold rather than a substitute for the dollar. With this statement, Bitcoin's identity has become clearer.

2️⃣ The collapsed Mt. Gox is making moves again. It quietly transferred tens of thousands of Bitcoins, worth several billion dollars. It is said that these Bitcoins are meant to compensate creditors, indicating that Mt. Gox is finally going to clean up its mess.

3️⃣ Congressman Hill has spoken. He intends to investigate why banks refuse to provide services to cryptocurrency companies. He stated that legitimate businesses deserve financial support. There have been rumors that U.S. banks have pressured to close crypto accounts, and Hill is ready to take serious action in Congress this time.

4️⃣ Ripple has taken a stance. They support Paul Atkins, nominated by Trump, to become the chairman of the SEC. Everyone is looking forward to him introducing innovation-friendly policies. With new leadership, the industry hopes this new head will promote regulation and innovation in digital assets.

5️⃣ Circle has become a hot commodity in Canada, being the first stablecoin issuer to comply with Canada's new cryptocurrency asset rules. Circle guarantees that it will meet the requirements of the Ontario Securities Commission. This is significant, marking that the entire cryptocurrency industry is making great strides towards compliance.

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