SEC Chair Gensler opposes today’s FIT21 vote yet White House calls no ‘veto’
The FIT 21 Act has gathered enormous support from the crypto community and among US lawmakers.
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The global crypto market cap is $2.61 trillion, with a 24-hour volume of $104.12 billion. The price of Bitcoin is $70,418.43, and BTC market dominance is 53.2%. The price of Ethereum is $3,767.24, and ETH market dominance is 17.3%. The best-performing sector is Deflationary, which gained 10%. The Crypto Fear & Greed Index is currently Greed (76).
📰 Top News
SEC Chair Gensler opposes today’s FIT21 vote yet White House calls no ‘veto’
The FIT 21 Act has gathered enormous support from the crypto community and among US lawmakers.
👀 Metric of The Day
Ethereum Open Interest
Futures open interest refers to the total amount of funds invested in open futures contracts. Recently, open interest on the CME surged by over 25% within 24 hours, driven by speculation around the potential approval of an Ethereum ETF.
StanChart reaffirms Ethereum’s potential to hit $8000 following ETF approval
The lender's head of crypto research also predicted a fresh all-time high price for Bitcoin by the weekend.
Tether mints $1 billion USDT on Ethereum amid ETF anticipation
Market observers said this substantial minting activity would be used to provide liquidity for the market.
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📖 Latest Market Report
How the SEC’s SAB 121 repeal paves the way for balanced crypto regulation
CryptoSlate's latest report dives deep into the practical realities of SAB 121's repeal, examining its implications for the crypto industry and exploring the path forward for regulatory oversight.