Minimalist News

Simply the latest news, updated on the hour.

Crypto

AI Summary

  • The crypto market is currently experiencing a notable downturn, with Bitcoin hitting two-month lows and altcoins like Ethereum and XRP seeing sharper declines amid broader market sell-offs and increased liquidations.
  • US regulatory bodies, including the SEC and CFTC, are signaling a more unified and actionable approach to crypto oversight, alongside the significant advancement of a crypto market structure bill through the Senate Agriculture Committee.
  • Institutional engagement in digital assets continues to expand, highlighted by crypto custody firms exploring IPOs, major investors backing infrastructure projects like Talos, and the introduction of new tokenization and staking products globally.
  • While token prices face pressure, sectors like Decentralized Physical Infrastructure Networks (DePIN) are quietly gaining traction, showing growing revenues and attracting venture capital, indicating a focus on fundamental utility.
  • Crypto exchanges are innovating their services, with Bybit, for instance, making a notable comeback post-hack and planning to launch retail bank accounts offering personal IBANs to streamline fiat-to-crypto transactions.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


Looking for more? Search Google News