
Asedy21
@asedy21
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đ Market Highlights
The total crypto market cap has surged past $4 trillion.
XRP hit a new all-time high above $3.60, now hovering between $3.40â$3.60.
Ethereum is trading near $3,600, up about 8% in the last 24 hours.
Bitcoin recently hit a record high near $122,600 and remains above $120,000ouse, reflecting concerns over federal surveillance
đď¸ U.S. Crypto Legislation
The House passed the GENIUS Act, which regulates stablecoins. Itâs expected to be signed into law soon.
The CLARITY Act, aimed at defining crypto market structures, also passed the House and is under Senate review.
A bill banning a U.S. central bank digital currency also passed the House, citing privacy concerns.
đŚ Traditional Finance Embraces Crypto
Major U.S. banks including Bank of America, JPMorgan, and Goldman Sachs are preparing to launch or support stablecoins.
Bank of America confirmed itâs developing a stablecoin, though it hasnât announced a release date. 0 reply
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Analysts warn that Bitcoin may experience a short-term decline despite anticipated Federal Reserve interest rate cuts, as investors might "sell the news" once rate cuts are confirmed.
MicroStrategy's Bitcoin holdings have swelled, with the company's stash worth $42 billion as of December 27.
Dogecoin's price has surged by 14%, while Bitcoin has reached all-time highs, surpassing the $100,000 milestone in December.
Acquisitions and Partnerships:
Coinbase has acquired a European crypto index provider, expanding its presence in exchange-traded products (ETPs) across Europe.
Kaiko, a crypto analytics firm, has acquired Vinter, a regulated European crypto index provider.
MoonPay has launched a new fiat gateway, and LidoDAO has introduced a Community Staking Module to simplify Ethereum staking. 0 reply
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