Here is what happened yesterday in the crypto market:
SEC Attempts Crypto Reset
The U.S. Securities and Exchange Commission is seeking to improve its relationship with the crypto industry, even before a permanent chair is confirmed. This initiative follows a period of tension and aims to establish a more collaborative environment.
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Crypto Debanking Could Last Until 2026
According to regulatory experts, the cryptocurrency industry in the United States may continue to experience debanking-related challenges despite a recent wave of positive legislative developments. Caitlin Long suggests these issues could persist until January 2026.
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Pakistan Considers Using Excess Energy for BTC Mining
Pakistan’s Crypto Council has proposed leveraging the country’s surplus energy to power Bitcoin mining operations. The initiative was discussed at the Council’s inaugural meeting, suggesting a potential new source of revenue and a way to utilize unused energy resources.
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Haun Ventures Aims for $1B in New Crypto Funds
Venture capital firm Haun Ventures is reportedly seeking to raise $1 billion for two new investment funds focused on the crypto space. The firm anticipates oversubscription, signaling continued institutional interest in the cryptocurrency market.
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Analyst Predicts Trade War Pressures on Crypto Markets Until April
An analyst suggests that both cryptocurrency and traditional markets will face downward pressure due to global trade war concerns until at least the beginning of April. However, a resolution to these trade disputes could potentially act as a catalyst for market growth.
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