Here is what happened yesterday in the crypto market:
USDC Dominates January While Bitcoin Awaits Data
The latest crypto daybook indicates that USDC has taken the lead in January, while Bitcoin is under pressure as traders await core PCE data which may impact its price significantly.
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Blueprint for Crypto Regulation Proposed
Kristin Smith, CEO of the Blockchain Association, has introduced key principles aimed at guiding future legislation to create a structured and fair regulatory environment for the crypto market, focusing on aspects like self-custody and peer-to-peer transactions.
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Wintermute’s CEO Discusses Market Trends
Evgeny Gaevoy, the CEO of Wintermute, highlights the growing influence of AI in trading and notes significant differences between Asian and Western markets, pointing out challenges like liquidity fragmentation that traders should be aware of.
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Stablecoin Market Hits $200 Billion
The stablecoin market has surpassed $200 billion for the first time, which analysts see as a precursor to potential price rises in the broader crypto market. This growth is attributed to increasing adoption among investors.
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UBS Ventures into Layer-2 Technology
UBS has tested the ZKSync layer-2 technology as part of its Key4 Gold offering, signaling heightened interest from traditional finance in integrating blockchain solutions into their operations.
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