Here is what happened yesterday in the crypto market:
Tokenized Gold Nears $2B Market Cap Amid Tariff Fears
Tokenized gold is experiencing a surge, nearing a $2 billion market cap, as investors seek safe-haven assets amidst uncertainties surrounding tariffs. This highlights a shift towards hedging risk in the face of potential economic instability.
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Cardano’s Hoskinson Predicts Bitcoin at $250K with Tech Giant Adoption
Charles Hoskinson of Cardano anticipates Bitcoin potentially reaching $250,000 this year. His prediction is based on the expectation that major tech companies like Microsoft and Apple will begin integrating stablecoins into their operations, signaling a broader acceptance and integration of cryptocurrency among established corporations.
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Dogecoin Surges 21% Amid Crypto Comeback, Holding Key Support
Dogecoin experienced a significant surge of 21% as the broader cryptocurrency market rebounds. This surge demonstrates Dogecoin’s resilience amidst ongoing economic uncertainties and trade tensions. Doge is holding key support at $0.142.
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Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
President Trump signed a resolution that eliminates the IRS’s crypto rule that targeted the DeFi sector. The resolution removes the burden of treating DeFi platforms as brokers for tax purposes.
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21Shares Joins the Dogecoin ETF Race
Asset manager 21Shares is also trying to launch a spot Dogecoin ETF (DOGE) to the U.S. market, joining Bitwise and Grayscale in the race to introduce a Dogecoin ETF.
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