Here is what happened yesterday in the crypto market:
Retail Demand Bolsters Cryptocurrency Despite Market Weakness
Bitcoin and leading altcoins are showing weakness, influenced by the Chicago Mercantile Exchange denying previous reports about institutional activity. However, retail demand remains strong, providing some support.
Read more
SEC Takes Steps to Cope with Crypto Regulations
The SEC is urged to take immediate steps as it adapts to the evolving crypto landscape, amid growing concerns over unregulated digital assets.
Read more
Rescinding Controversial Crypto Tax Bulletin
The SEC has withdrawn a contentious tax accounting bulletin, SAB 121, which outlined rules for financial firms holding cryptocurrencies, showcasing a shift in regulatory approach.
Read more
TRUMP Token Surge Amid Executive Order
Bitcoin’s price jumped to $106K following news of President Trump’s conversation with El Salvador’s crypto-friendly president, signaling potential strategic partnerships.
Read more
Venture Capital Funding Projected to Rise
JPMorgan forecasts a rise in crypto venture capital funding this year, spurred by regulatory clarity and pro-crypto policies supporting the sector.
Read more