Bitcoin Rips, Hits $96,750; Coinbase Crypto Bill Opposition; Ripple Expansion
The crypto market shows positive movement, with Bitcoin reaching a new two-month high, trading at $96,750. Ethereum also saw gains, while other altcoins experienced varied performance. Coinbase has withdrawn its support for the Senate's crypto market structure bill due to concerns with the latest draft, leading to a delay in the Senate vote. Ripple secured a license in Luxembourg, furthering its expansion in Europe. Pakistan is collaborating with World Liberty Financial to explore stablecoin applications for remittances and cross-border payments. The Human Rights Foundation has distributed Bitcoin grants to support human rights and freedom technology projects. Figure introduced a public equity network for on-chain stock issuance. FTX is preparing creditor payments, and Sui has resumed operations after a network stall.
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