#crypto

Here are the latest developments in the cryptocurrency market as of this morning, Thursday, May 8, 2025:

📈 Market Movements

Bitcoin (BTC): Surpassed the $99,000 mark, recording a 2.78% increase over the last 24 hours, currently trading at $99,188.88.

Ethereum (ETH): Increased by 4.16% over the last 24 hours, surpassing $1,900, currently trading at $1,901.86.

KAITO Coin: Recorded a leap of 42% during trading on Tuesday, May 7, driven by a wave of investment interest and strategic partnerships.

🏛️ Regulatory and Political Developments

United States: Congressman Richie Torres intends to introduce a bill that prevents former President Donald Trump and members of Congress from financially benefiting from cryptocurrencies such as meme coins and stablecoins.

The White House: President Trump is preparing to announce a trade deal with the United Kingdom, boosting optimism in the Bitcoin market.

🔧 Technical Updates

Ethereum: The "Pectra" upgrade has been activated, raising the staking cap to 2,048 ETH, enhancing network security and increasing investment appeal.

🌍 Miscellaneous News

Robinhood: Plans to launch a new blockchain platform for trading tokenized securities in Europe, indicating an expansion of blockchain technology use in traditional markets.