Here is what happened yesterday in the crypto market:
Bitcoin Holds Steady Above $100K Amid Stable Market Conditions
Bitcoin defended the important $100K level as the crypto market adapts to evolving regulatory landscapes and investor sentiments. This moment comes with notable gains for assets like VET, ENA, LINK, and LDO, post President Trump’s recent actions, stimulating a positive outlook.
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IRS Introduces New Cost Tracking Rules for Investors
The IRS has implemented new guidelines that require investors to utilize wallet-based cost tracking. This move marks the first of several anticipated adjustments globally, highlighting the increasing regulatory scrutiny within the crypto space.
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SEC Establishes New Crypto Task Force
The SEC has announced the formation of a new task force aimed at improving cryptocurrency regulations, signaling a proactive approach under the leadership of Hester Peirce following Gary Gensler’s departure.
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Smart Valor Explores Strategic Sale
The Swiss crypto firm Smart Valor is conducting a strategic review which may lead to the sale of all or parts of its operations. The review opens multiple avenues for the company in shakeup of the crypto market.
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Bitstamp Prepares for Regulated Derivatives Trading
Bitstamp, one of the longest-running cryptocurrency exchanges, is set to roll out regulated derivatives trading in Europe, bolstered by its MiFID credentials, reflecting growing institutional demand for crypto products.
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