Crypto Market Update: Bitcoin, Ethereum Rise; XMR ATH; Stablecoin Regulation
The crypto market shows positive movement with Bitcoin (BTC) up 1.5% at $92,000 and Ethereum (ETH) increasing by 1% to $3,130. XMR reached a new all-time high of $680 before settling at $640. The US Senate introduced the draft Crypto Market Clarity Act, which includes limits on stablecoin rewards. Vitalik Buterin emphasized the need for improved decentralized stablecoins, highlighting governance and inflation concerns. BitGo filed for a U.S. IPO aiming for a $2B valuation, with custody assets exceeding $100B. Tennessee regulators have ordered Polymarket, Kalshi, and Crypto.com to cease sports prediction markets and refund users.
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