Here is what happened yesterday in the crypto market:
White House Crypto Report Offers Policy Guidance
The White House has released a comprehensive 166-page report detailing policy recommendations for crypto, though it notably omitted a Bitcoin reserve. This document provides a framework for future digital asset regulations.
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South Korea Targets Leveraged Crypto Lending Services
South Korean financial regulators are set to release guidelines next month to tighten oversight on cryptocurrency lending services. This move aims to protect investors amid rising concerns over leveraged products in the crypto market.
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SEC Crypto ETFs Ruling Favors Structural Upgrade
The US Securities and Exchange Commission’s recent decision allowing crypto ETF issuers to directly swap Bitcoin and Ether for fund shares is viewed by analysts as a structural upgrade for the market, rather than a immediate retail revolution.
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Corporate Crypto Treasuries Exceed $100 Billion
Corporate cryptocurrency treasuries have surpassed $100 billion, with Ether buying accelerating significantly. This trend indicates growing institutional interest in digital assets and their emergence as a new asset class for public companies.
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JPMorgan CEO Expresses Support for Stablecoins and Blockchain
Jamie Dimon, CEO of JPMorgan, has moderated his long-standing skepticism towards digital assets, stating he is now a believer in stablecoins and recognizes the value of blockchain technology.
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