Crypto Market Update – May 6, 2025 (Short Summary):
• Bitcoin trades around $94,600, slightly down ahead of the Fed rate decision.
• Ethereum and XRP also dropped, with XRP facing a 2.4% decline.
• Solana gains attention as DeFi firm plans a $3.5M validator acquisition.
• UK’s FCA proposes banning crypto investments using borrowed money.
• Ripple supports UK’s regulatory clarity push.
• France: Police rescue a crypto entrepreneur’s father in a kidnapping case.
• ProShares launches mutual funds for Bitcoin and Ethereum.
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