Here is what happened yesterday in the crypto market:
Trump’s Evolving Stance Fuels Crypto Optimism
The Trump administration’s shift towards a more accepting view of digital assets is generating a wave of optimism for the future of cryptocurrency in the U.S. Many traders are seeing potential growth and an opportunity for stability in the market. However, uncertainty still lingers around implementing regulatory frameworks.
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Bitcoin Traders Deleveraging Amid Fed Rate Outlook
As the Federal Reserve appears poised to maintain steady interest rates, Bitcoin traders are taking a step back, deleveraging their positions. This cautious approach follows recent minutes from the FOMC and reflects overall market sentiment.
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SEC Restructures Crypto Enforcement Unit
The SEC’s reorganization of its crypto enforcement unit, now smaller and broader in focus, marks a significant shift in its approach toward regulating the digital asset market. This decision highlights the ongoing evolution of oversight in a rapidly changing landscape.
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Memecoin Market Faces Reckoning
Despite the previous excitement, experts suggest the memecoin craze might be nearing its end as the market matures. The discussion around the sustainability of such assets is intensifying, indicating a shift in trader focus.
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eToro Expands Services After MiCA Approval
eToro has secured a license under the European Union’s MiCA framework, enabling it to broaden its digital asset offerings across the EEA. This marks a critical step for the platform as it looks to capitalize on European market potential.
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