Here is what happened yesterday in the crypto market:
XRP and Dogecoin Rally After SEC’s ETF Acknowledgment
XRP and Dogecoin surged following the SEC’s acknowledgment of Grayscale’s ETF applications for both cryptocurrencies. This regulatory clarity is fostering positive sentiment in the market.
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Bitcoin’s Strong Performance Amidst Inflation Concerns
Bitcoin continues to perform well, surpassing $97,000 despite rising inflation fears in the U.S. This resilience in the face of economic challenges highlights the cryptocurrency’s appeal as a hedge.
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Bybit Clears Regulatory Hurdles in France
The crypto exchange Bybit announced it is no longer operating illegally in France, having worked with regulators for over two years. This marks a significant milestone for the exchange and could boost its operations in Europe.
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SEC Pursues Possible Resolution in Coinbase Case
The SEC has requested an extension for its case against Coinbase, signifying potential settlement discussions. This development could impact the broader regulatory landscape for cryptocurrencies.
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Fan Tokens Surge Following Tether’s Investment in Juventus FC
The announcement of Tether’s investment in Juventus FC triggered a significant increase in fan tokens, with JUV rising by 200%. This reflects the growing intersection of sports and cryptocurrency.
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