The cryptocurrency market has shown significant improvement, with Bitcoin’s price increasing by nearly two percent and other major cryptocurrencies remaining stable or rising. Bitcoin hovered around $87,400, while Ethereum stabilized near $2,820. Binance Coin and Solana also experienced price gains, alongside notable surges in smaller cryptocurrencies such as Fart Coin, SPX, and Pump. Meanwhile, Vanguard announced it will allow trading of crypto ETFs and mutual funds on its brokerage platform, marking a major shift from its previous opposition and potentially easing market entry for investors.
In other developments, a lawsuit was filed against Coinbase and its executives over longstanding insider trading allegations, highlighting ongoing challenges related to transparency and regulatory oversight in the crypto sector. Ripple secured a payments license in Singapore and plans to expand its XRP and RLUSD services there as part of its international growth strategy.
From a technological perspective, Vitalik Buterin warned that moving Zcash governance to token-based voting could weaken privacy protections. Additionally, the organization Anthropic released a report identifying new dangerous vulnerabilities in crypto protocols caused by AI agents, posing risks to smart contracts.
On the regulatory front, U.S. Federal Reserve Vice Chair Michelle Bowman stated that bank regulators are working on stablecoin regulations to enhance financial safeguards. Furthermore, U.S. House Republicans released a detailed report alleging that various financial institutions have covertly blocked crypto companies from banking services, leaving many crypto firms without access to traditional banking.
These events underscore the growing global impact of cryptocurrencies alongside the legal, financial, and technological complexities involved. Investors are advised to carefully assess the current market conditions and potential risks before making decisions.
Source: decrypt
