CFTC chair urges Congress to issue legislation for crypto regulationsRostin Behnam also told Congress that Bitcoin and Ethereum can only be considered commodities under the current regulatory frameworks.
Happy Thursday!The global crypto market cap is $2.54 trillion, with a 24-hour volume of $139.5 billion. The price of Bitcoin is $67,399.88, and BTC market dominance is 52.1%. The price of Ethereum is $3,831.06, and ETH market dominance is 18.1%. The best-performing sector is Adult, which gained 15%. The Crypto Fear & Greed Index is currently Greed (82). Top News
CFTC chair urges Congress to issue legislation for crypto regulationsRostin Behnam also told Congress that Bitcoin and Ethereum can only be considered commodities under the current regulatory frameworks. Solana, BlackRock, Bonk, Uniswap secure top honors in CoinMarketCap’s inaugural crypto awardsCoinMarketCap named Solana as Crypto of the Year for its incredible growth and resilience over the past year. Gary Gensler compares Bitcoin’s latest all-time high to a ‘roller coaster ride’The SEC chair cautioned crypto investors to carefully consider each crypto projects cash flows, use cases, and potential status as a security. Arizona Senate proposes adding Bitcoin exposure to state pension fundsArizona is considering the inclusion of Bitcoin exposure in two of its state retirement portfolios, which collectively hold $70 billion in AUM. Latest Insights
More NewsTesla and SpaceX’s Bitcoin holdings unveiled by Arkham IntelligenceTesla is currently the third-largest public corporate holder of Bitcoin. Pantera eyes $250 million in discounted Solana tokens from FTX estatePantera aims to add $250 million worth of SOL to their portfolio from FTX. MicroStrategy ups debt offering to $700 million to buy more BitcoinMicroStrategy's MSTR shares is up by around 3% at pre-market trading following the updated offering. DCG, Silbert deny NYAG allegations, move to dismiss $3 billion lawsuitDCG and its CEO Barry Silbert have categorically denied the NYAG's allegations, framing them as baseless and lacking substantial evidence. BlockFi hails ‘excellent outcome’ in $875 million settlement with FTXThe failed lender will recieve $250 million immediately after FTX's bankruptcy plan is confirmed and goes effective.
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CFTC chair urges Congress to issue legislation for crypto regulations