This week, the crypto industry got enough rain to grow unique stories. After a week of market dip due to the Israel-Iran war, major cryptocurrencies woke up wearing a refreshed look. Ceasefire in the war opened the way for the market to climb the stairs to hike. Price surge alone was not the only glittering factor, but regulatory frameworks licensing crypto platforms, blockchain adoptions, airdrops, and project launches also played well to boost the market.
Crypto advances with Bitcoin reaching back above $100,000
Bitcoin surged back to $107,000, Ethereum tapped $2,459, and XRP returned to $2.17. The total market cap hovers at $3.29 trillion with a slight surge in the past 24 hours, at press time. As some of the crypto experts like Binance’s CZ and Dan Gambardello predict, the crypto market has the potential to follow a bullish trend.
After years, Japan feels the positivity in cryptocurrency
Japan has started regulating crypto years after unregulated crypto use, by recognizing Bitcoin as a legal payment method through the Payment Service Act of 2017. The country is now actively tightening the screw to onboard stricter financial regulations by 2026.
Vietnam vouches for digital asset regulation
The new entrant to form digital asset regulation, Vietnam, has passed the Law on the Digital Technology Industry, a green light for digital assets, including virtual and crypto assets. But the law excludes central bank digital currencies, securities, and other financial instruments.
Trading and investment features on X: Elon Musk takes a long shot
Elon Musk’s X is going to integrate stock trading, an X-branded credit card, X Money for P2P payments and digital wallet, and banking licenses for 600 million users on the platform. Click here to read more.
Abu Dhabi’s Tawasul taxis accept crypto payments
Crypto adoption takes another level in the UAE, as Tawasul Transport, in collaboration with Mbank, has started accepting payments in AE Coin (UAE’s stablecoin) for taxi rides.
Crypto to expand its use cases with a mortgage option
The Federal Housing Finance Agency (FHFA) instructed US mortgage giants Fannie Mae and Freddie Mac to consider cryptocurrencies for mortgages. A significant move that expands homeownership opportunities for crypto investors and boosts liquidity in the housing market.
Big whales make big movements
Giant crypto whales have bought massive amounts of Bitcoins, particularly BlackRock, Metaplanet, and Strategy. Metaplanet holds 12,345 BTC, Strategy has 592,000 BTC, and BlackRock bought 683,000 BTC, in total.
Hong Kong pushes digital asset policy
Hong Kong is diving into crypto, aiming to update its Policy Statement 2.0 on the Development of Digital Assets. The new additions include boosting stabelcoin use, regulations, and Real World Asset (RWA) tokenization.
If you are a crypto enthusiast, trader, investor, or newbie, the world of crypto is open with a steady stream of positive news flowing in. This realm is inundated with new crypto regulations, project launches, airdrops, crypto use cases, and anything that’s beyond our expectations. Although negative waves sometimes hit the industry, every day you see new announcements on the advancements, updates, and unique measures taken by crypto-friendly governments.
