Here is what happened yesterday in the crypto market:
China Reviews US Tariff Proposal, Boosting Market Optimism
China is reviewing the U.S. proposal to scale down tariffs, injecting optimism into the markets. This development coincides with Bitcoin hovering above $94,000 as traders await further news on the U.S.-China trade deal. Read more
US Lawmakers Unveil Crypto Market Structure Bill
A discussion draft of a U.S. crypto market structure bill has been unveiled, aiming to establish a comprehensive domestic regime for regulating digital assets. However, a leading House Democrat, Rep. Maxine Waters, is blocking efforts to hold a joint hearing on the bill, and Trump’s crypto ties are causing Democrats to stall on stablecoin legislation, adding complexity to the regulatory landscape. Read more and Read more
Bernstein Predicts $330B Corporate Bitcoin Inflows by 2029
Broker Bernstein forecasts that corporate treasury buying of Bitcoin could reach $330 billion by the end of 2029. MicroStrategy (MSTR) is expected to be the largest buyer in this trend. Read more
Tether Enters AI Arena with Tether.AI, Supporting BTC and USDT Payments
Tether is entering the artificial intelligence sector with Tether.AI. The platform will support payments in major cryptocurrencies, including USDT and Bitcoin, according to CEO Paolo Ardoino. Read more and Read more
Solana Fixes Bug That Could Have Allowed Token Theft
Solana has quietly fixed a zero-day vulnerability that could have allowed attackers to mint and steal certain tokens from user accounts. The fix has been implemented and validators updated. Read more and Read more