📈 Market Movements

Despite recent regulatory developments, the crypto market experienced mixed movements today:

Bitcoin ($BTC ): $104,311.00 (-0.82%)

Ethereum ($ETH ): $2,544.20 (+0.09%)

$XRP : $2.17

Dogecoin (DOGE): $0.1917 (-0.83%)

Cardano (ADA): $0.6737 (-1.36%)

These fluctuations come amid ongoing discussions about the role of cryptocurrencies in the broader financial system.

🏛️ Political Landscape

1. Executive Order on Digital Assets

President Donald Trump signed Executive Order 14178, titled "Strengthening American Leadership in Digital Financial Technology," which prohibits the establishment of a central bank digital currency (CBDC) and establishes a group tasked with proposing a federal regulatory framework for digital assets within 180 days.

2. Establishment of the Strategic Bitcoin Reserve

The U.S. government has established a Strategic Bitcoin Reserve, making it the largest sovereign Bitcoin holder with approximately 200,000 BTC. This move underscores the administration's commitment to integrating digital assets into national financial strategies.

🏦 Institutional Developments

Circle Targets $7.2 Billion Valuation in Upsized U.S. IPO

Circle Internet, a leading stablecoin issuer, announced plans to raise up to $896 million through an upsized initial public offering (IPO) in the United States, targeting a valuation of up to $7.2 billion. This expansion reflects growing investor confidence in the crypto space under the current administration.

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