Crypto Market Update: BTC, ETH Rise; XMR Hits ATH; Regulatory Scrutiny Mounts
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 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 about the inclusion of crypto in 401(k) plans. Vitalik Buterin has emphasized the need for better decentralized stablecoins. World Liberty Financial has launched a crypto lending platform, attracting approximately $20 million. BitGo has filed for a U.S. IPO targeting a $2B valuation. Tennessee regulators are ordering certain platforms to halt sports prediction markets.
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