Alright, buckle up! Today's crypto news is buzzing about the SEC's continued scrutiny of stablecoins, particularly Tether's reserves, adding pressure to the already volatile market. Meanwhile, Bitcoin's struggling to break past the $30,000 resistance level, while Ethereum's Merge upgrade on the testnet seems promising, hinting at a smoother-than-expected transition to Proof-of-Stake. There's also a surge in interest in DeFi protocols offering innovative staking rewards, attracting users seeking higher yields amidst the bear market. And on the regulation front, the EU is moving closer to finalizing MiCA, potentially setting a global precedent for crypto regulation, both positive and negative.
