$LTC

Bitcoin (BTC): Currently trading at $98,118, reflecting a slight increase of 0.48% from the previous close.

Ethereum (ETH): Priced at $2,717.10, experiencing a minor decline of 0.56%.

BNB: Trading at $657.46, up by 0.89%.

Cardano (ADA): Valued at $0.801762, with an increase of 1.18%.

Solana (SOL): Priced at $173.22, showing a marginal rise of 0.09%.

Regulatory Developments:

SEC Dismisses Case Against Coinbase: The U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its lawsuit against Coinbase, pending approval from its commissioners. This decision signifies a shift towards a more crypto-friendly regulatory environment under the current administration.

Formation of New Crypto Task Force: The SEC, under new leadership, has established a task force led by Commissioner Hester Peirce to develop a clear regulatory framework for crypto assets, moving away from the previous "regulation by enforcement" approach.

Corporate Actions:

Strategy Inc. Increases Bitcoin Holdings: Strategy Inc. (formerly MicroStrategy) has announced a $2 billion offering of zero-coupon convertible bonds, with plans to use the proceeds to purchase additional Bitcoin. This move aligns with the company's strategy to significantly increase its cryptocurrency holdings.

Market Incidents:

Bybit Exchange Hacked: Bybit's CEO has confirmed a security breach resulting in the loss of $1.46 billion, impacting cryptocurrency prices and raising concerns about exchange security protocols.

Politician-Linked Meme Coins Face Backlash: Cryptocurrencies endorsed by political figures, such as Argentina's Libra, have faced significant criticism and financial losses following scandals and market crashes, highlighting the risks associated with politically affiliated meme coins.