Bitcoin’s price chart is resembling that of just weeks after the 2016 halving and it could be “hovering around” a local bottom, according to crypto traders.
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- Crunch
- Global
SEC files final response in its case against Ripple, Grayscale withdraws futures ETH ETF filing, and dormant BTC wallet wakes up after 10 years.
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In a huge development for the digital currency sector, Congressman Patrick McHenry, chair of the House Financial Services Committee, said that the U.S. House of Representatives will vote on the Financial Innovation and Technology for the 21st Century (FIT21) Act. The House Rules Committee has agreed to go forward with the bill, which aims to create clear, federal guidelines for digital assets, strong consumer protections, and a fostering environment to support the growth of the digital asset ecosystem in the United States. Supporting the bill is Mark Cuban, who has said he favors the potential reduction of regulatory ambiguity, moving this legislation a good first step toward consolidating oversight from the Commodity Futures Trading Commission and the Securities and Exchange Commission over digital commodities and digital assets, respectively.
The FIT21 Act comes with a lot of jostling that also has been helped by the House Agriculture Committee. This is happening at a time when McHenry declared his intention to retire at the end of his term. The bill moving to the House floor for a vote is groundbreaking for the cryptocurrency space and might likely lead to a change that can improve future legislative attempts in the Senate.
BIGCAP COINS:
- Pepe: Market Cap of $3.6 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Toncoin: Market Cap of $23.8 Billion.
MIDCAP COINS:
- Ethena: Market Cap of $1.3 Billion.
- Klaytn: Market Cap of $610 Million.
- Voxies: Market Cap of $38.1 Million.
RISING COINS:
- Bonk on ETH: Market Cap of $5.5 Million.
- Apu Apustaja: Market Cap of $256 Million.
- MAGA: Market Cap of $277 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
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Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
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A month ago, Monad raised $225 million on the promise of a high-throughput Ethereum-compatible layer-1 blockchain. It’s now putting those funds to use on the hiring front.
Kevin Canlas announced he joined the protocol as a senior designer. Canlas has previous experience in similar roles at the NFT collection Isekai Meta and smart contract security firm Cyfrin.
At Monad, Canlas will be “leading internal designs and helping startups build on the Monad ecosystem,” he said on X.
Read more: Paradigm leads $225M round for high-throughput blockchain Monad
Also this week, SungMo Park joined Monad as its APAC lead and head of Korea. Park previously served as head of business for Asia…
Read more on Blockworks
The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
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$1M – $10M MarketCap:
- Gameta (HIP): 84%
- Serenity Shield (SERSH): 46%
- Ready to Fight (RTF): 31%
- Amazy (AZY): 15%
- Walken (WLKN): 11%
$10M – $100M MarketCap:
- Angola (AGLA): 109%
- TARS Protocol (TAI): 40%
- catwifhat ($CWIF): 33%
- Augur (REP): 14%
- Circuits of Value (COVAL): 12%
$100M – $1B MarketCap:
- Hive (HIVE): 20%
- Metaplex (MPLX): 11%
- Moonriver (MOVR): 5.8%
- UMA (UMA): 5.1%
- Ark (ARK): 5.0%
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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