❓ What happened in #Crypto in the past 24 hours

1. Market Trends

▪️ $BTC surged and plummeted, returning below 80k, with a 24-hour decline of over 3%

▪️ $ETH experienced a 24-hour decline of 7.2%, currently maintaining a price around 1500

▪️ $SOL performed moderately, struggling to regain its former glory

▪️ Altcoins followed the market with a general decline, led by #RWA #SocialFi

2. On-chain News

▪️ Total TVL across all chains today is 84.946B, a slight decrease compared to yesterday

▪️ On-chain activity is lukewarm, $RFC fell sharply after hitting the news, with a current market cap around 50M; $House showed strong performance, with a 24-hour increase of over 20%, currently valued at 13M

3. Hot News

▪️ SEC reached a preliminary settlement agreement with @Ripple, both parties applied to suspend the appeal process

▪️ Spot gold rose to $3217.97/oz, reaching a new historical high

▪️ A certain whale will unstake over 140,000 $SOL and transfer to @krakenfx

▪️ The DXY dollar index dropped sharply by 60 points, breaking below the 100 mark for the first time since July 2023

▪️ The Silk Road founder will make a public appearance at the Bitcoin conference in Las Vegas

▪️ Arizona passed a bill granting rights for Bitcoin mining

▪️ IRS DeFi broker rules have officially been revoked

▪️ The SEC released guidelines for the issuance and registration disclosure of crypto asset markets

▪️ The New Hampshire House passed a Bitcoin reserve bill

▪️ The U.S. House passed a budget plan laying the groundwork for Trump's tax cuts and raising the debt ceiling

▪️ Fed's Schmidt: Compared to the beginning of the year, the risks of rising inflation, low employment, and sluggish economic growth have significantly increased

#Crypto $BTC $ETH $SOL #RWA #SocialFi