Crypto Market Update: BTC, ETH Rise; XMR Hits ATH; Regulatory Scrutiny Intensifies
The crypto market is showing 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. Regulatory activity is also on the rise, as the US Senate released a draft of the Crypto Market Clarity Act, which includes limits on stablecoin rewards. Senator Warren has expressed concerns to the SEC about the inclusion of crypto in 401(k) plans. Vitalik Buterin emphasized the need for better decentralized stablecoins, citing governance and inflation risks. Tennessee regulators have ordered Polymarket, Kalshi, and Crypto.com to halt sports prediction markets.
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