📰 Crypto News Summary

Bitcoin, Ethereum & XRP Take a Hit

Global markets dragged down major cryptos: Bitcoin fell ~2.8% to roughly $112,500, while Ethereum and Solana dropped ~6–7%. XRP also declined ~4%. Analysts attribute the drop to excessive leverage and long positions being liquidated after recent rate cuts. Business Insider+2Barron's+2

SEC Eases ETF Rules for Crypto

The SEC approved new, more generic listing standards for spot crypto ETFs, greatly reducing delays and complexity for issuers in getting products approved. Expect more ETFs for other assets like SOL and XRP now that the path is smoother. Reuters+1

Remittix Altcoin Gains Attention

Remittix (RTX) is starting to stand out: ~US$26.3 million raised, strong use case in cross-border payments & low transaction costs. Projects like this are being watched closely by traders looking for early momentum. Indiatimes

Regulatory Collaboration UK-US on Digital Assets

UK & US governments launched a joint task force (“Taskforce for Markets of the Future”) to work together on regulating digital assets & capital markets. This could lead to more standardized, cross-border frameworks for crypto oversight. Financial Times

Tether’s New U.S. Stablecoin: USAT

Tether is launching a U.S.-based stablecoin called USAT, compliant with recent stablecoin legislation (GENIUS Act). Will be issued by Anchorage Digital Bank, aiming to compete in the U.S. market with compliance built in. Reuters

🔍 What to Watch For

Can BTC hold support near $110–113K, or will it dip to ~$107K? Binance+1

Will the new ETF rules open floodgates for non-Bitcoin assets (like SOL, XRP) into mainstream financial products? Reuters+1

How USAT competes vs. existing stablecoins (USDT, USDC) and whether regulatory compliance gives it an edge.

Any follow-ups from the UK-US task force, especially legislative or regulatory proposals.