The crypto realm is always equipped with new developments, interesting, jaw-dropping, and uncertainty-filled incidents, much like other sectors worldwide. As the crypto sector witnesses more people passionately joining the crypto wave, it is necessary to stay informed about recent announcements, initiatives, and price movements rolled up in the market. Notably, the crypto market has indicated a red signal this week, with several coins reflecting a price dip. Check out this week’s crypto wrap-up.
Bitcoin nosedived to $104,853, putting altcoin season on hold
The price of Bitcoin dipped to $104,853, causing altcoins to reel. Reportedly, Israel’s strike on Iran led to the stock market downturn, which subsequently affected the crypto market.
Binance opens trading in Syria, an end to a long wait
Binance, one of the leading crypto exchanges, is now getting ready to enable Syrians to trade in cryptocurrencies on the platform after the US decided to lift transactions on the country last month.
Solana ETF issuers take a step forward as SEC asks for S-1 updates
The US Securities and Exchange Commission (SEC) has requested Solana Exchange Traded Fund (ETF) issuers to revise and resubmit their S-1 forms. The S-1 form is a key legal document that ETF issuers should file before launching a new security, such as an ETF.
South Korea’s pro-crypto leader Lee Jae-myung initiates a pro-stablecoin move
South Korea has elected Lee Jae-myung as the new president, who has made crypto-supportive announcements during the election campaign. And, now, the South Korean legislature has announced the Digital Asset Basic Act, a comprehensive regulatory framework for stablecoin issuers.
President Donald Trump announces updates on his ongoing digital asset priorities
The US President Donald J Trump declared his key undertakings related to crypto in a pre-recorded video at Coinbase’s State of Crypto Summit. His administration is working on the GENIUS Act, CLARITY Act, and transparent market frameworks to spearhead the country in the “future of crypto and Bitcoin.”
Czech Bitcoin scandal, crypto chaos in power?
A convicted criminal paid 468 BTC worth of $45 million to the Czech Republic’s Ministry of Justice! This sparked a political scandal, and the Justice Minister had to resign. The opposition party has called for a no-confidence vote in the government to decide whether the current administration should remain or not.
USDC issuer Circle files IPO
Circle Internet Group, the issuer of the USDC stablecoin, launched its Initial Public Offering (IPO), meaning the company is selling its shares to the public for the first time on the stock market. The cost of each share is expected to be between $24.00 and $26.00.
The world turns and time passes, so does the crypto wheel. With governments introducing robust crypto regulations and countries competing to become more crypto-friendly, the world of crypto never sleeps! Besides these news that made headlines, there are a few more that ride the wave — Coinbase’s upcoming launch of Coinbase One Card, Sony’s Soneium venture for Web3 gaming incubators, Dubai real estate boom diven by recent tokenization, the GENIUS Act signalling progress with a 68-30 vote, and much more.
