Crypto Market Update: Bitcoin, Ethereum Rise; XMR Hits ATH; Regulatory News
The crypto market is showing positive movement, with Bitcoin (BTC) up 1.5% at $92,000 and Ethereum (ETH) gaining 1% to $3,130. XMR reached a new all-time high of $680 before settling at $640. Regulatory developments include the US Senate releasing a draft of the Crypto Market Clarity Act, which includes limits on stablecoin rewards. Senator Warren has also expressed concerns to the SEC regarding the inclusion of crypto in 401(k) plans. Vitalik Buterin emphasized the need for better decentralized stablecoins, citing governance and inflation risks. Tennessee regulators ordered Polymarket, Kalshi, and Crypto.com to halt sports prediction markets and refund users.
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