Here is what happened yesterday in the crypto market:
Bitcoin Nears $87K as ‘Digital Gold’ Narrative Returns
Bitcoin is showing strength, trading near $87,000 even as stock markets decline, signaling maturing sentiment. Altcoins like BNB, SOL, and XRP also see gains, reinforcing Bitcoin’s role as ‘digital gold’. Read more
Metaplanet Increases Bitcoin Holdings to Over $400M
Japanese investment firm Metaplanet has expanded its Bitcoin holdings to over $400 million with a recent purchase of 330 BTC for $28.2 million, averaging $85,454 per Bitcoin. This move further establishes Bitcoin as a key treasury asset for the company.Read more
Coinbase Lists XRP Futures
Coinbase has introduced futures contracts for XRP on its U.S. derivatives exchange, regulated by the Commodity Futures Trading Commission (CFTC). This marks a significant step in expanding the availability of XRP derivatives for U.S. traders.Read more
Circle and BitGo Consider Applying for Bank Charters
Leading crypto firms, including stablecoin issuer Circle and custodian BitGo, are reportedly exploring obtaining bank charters or licenses. This move could signal growing regulatory convergence and increased institutional adoption of cryptocurrencies. Read more
US Derivatives Watchdog Considers 24/7 Crypto Oversight
The U.S. Commodity Futures Trading Commission (CFTC) is considering enhanced 24/7 monitoring of the cryptocurrency market, recognizing Bitcoin as a commodity under its jurisdiction. This reflects increasing regulatory attention on the crypto sector.Read more