☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊 Market Updates
🔸U.S. spot bitcoin ETFs saw $442M in inflows, marking a 5-day streak as BTC rose 1.3% to $93,687 during market resilience.
🔸Ark Invest raises its 2030 bitcoin bull-case price target to $2.4M, citing new aggressive modeling factoring in lost and held coins.
🔸Bitwise filed to launch a NEAR ETF in Delaware as the SEC under Trump shows a friendlier stance toward crypto fund approvals.
🌟 Highlights
🔸The Federal Reserve rescinded prior crypto guidance, ending pre-approval for banks and signaling a shift to normal supervisory processes.
🔸The SEC and Dragonchain filed to dismiss their lawsuit, citing the Crypto Task Force launch and a shift toward pro-crypto policies.
🔸SEC Chair Paul Atkins says crypto needs clear rules, pledges to work with Trump’s administration to establish a rational framework.
🔸South Korea’s People Power Party plans a "Digital Asset Promotion Basic Act" to boost the crypto sector and ease strict regulations.
🔸Michael Saylor says BlackRock’s IBIT will be the world’s biggest ETF in 10 years, as U.S. bitcoin ETFs saw $2.8B inflows in 5 days.
🔸Nvidia paused Arbitrum’s crypto partnership announcement, reinforcing its policy of excluding blockchain projects from flagship AI programs.
🔸Stripe is building a new stablecoin product via Bridge, targeting clients outside the US, EU, and UK.