Here is what happened yesterday in the crypto market:
U.S. Agencies Aligning with Crypto Policy
Recent statements indicate that two more U.S. agencies, including the OCC and CFPB, are likely to revise their approaches to cryptocurrency investments, aligning them with the industry’s goals. This comes as FDIC Chairman emphasizes a shift in crypto regulations.
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Endowments Increasing Crypto Investments
U.S. endowment funds are reportedly increasing their exposure to cryptocurrencies as Bitcoin prices soar, highlighting a growing interest among institutional investors in the digital asset space.
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Crypto Daybook Insights
The latest market updates reveal a rally in Cardano’s ADA following Grayscale’s ETF application, while Bitcoin (BTC) traders remain cautious ahead of Powell’s testimony in Congress. Meanwhile, concerns regarding new Trump tariffs add a layer of caution in the crypto betting landscape.
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Binance Seeks Resolution with SEC
Binance and the SEC have proposed pausing ongoing legal proceedings for 60 days to find a possible early resolution through a newly formed Crypto Task Force aimed at establishing clearer regulatory frameworks.
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Analysts Favorable on ETF Approvals
Market analysts predict high chances for the approval of various cryptocurrency ETFs, including those for XRP, Dogecoin, and Litecoin, signaling a potential boost for these assets.
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