Here is what happened yesterday in the crypto market:
Bitcoin Surges Past $90K Amid Renewed Optimism
Bitcoin (BTC) experienced a significant surge, climbing above $90,000 as investor optimism returns due to easing U.S-China trade tensions. However, demand headwinds persist, which could potentially limit further gains.
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SEC Reorientation Under New Chair Paul Atkins
With Paul Atkins now chair of the U.S. Securities and Exchange Commission (SEC), Hester Peirce hinted at a potential reorientation of the agency’s approach to crypto regulation. This change could signal a more favorable environment for the crypto industry.
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Dutch Bank ING Exploring Stablecoin
ING, a Dutch bank, is reportedly developing a stablecoin, aiming to capitalize on Europe’s novel cryptocurrency regulations that were enacted the previous year, potentially signaling growing TradFi adoption of digital assets.
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Janover Renamed DeFi Development Corp., Adds $11.5M in SOL
Janover, a fintech company, has been renamed DeFi Development Corp and has invested an additional $11.5 million in Solana (SOL) tokens, reflecting a strategic move into the DeFi space.
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Bitcoin ETFs See Largest Inflows Since January
US-based Bitcoin exchange-traded funds (ETFs) experienced their largest day of net inflows since late January, indicating renewed interest and investment in Bitcoin through traditional financial products.
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