Crypto Markets Advance Amid Regulatory Developments
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Major cryptocurrencies posted gains, with Bitcoin reaching a two-month high above $96,750 and Ethereum climbing to $3,360, while select altcoins like DCR (+30%) and DASH (+10%) led top movers. Monero briefly touched a new all-time high of $800 before settling at $725, highlighting continued volatility in privacy-focused assets. The market's upward momentum reflects renewed institutional interest and positive sentiment around key technical levels.
Regulatory and infrastructure developments shaped the landscape, with Coinbase opposing the Senate's crypto market structure bill, leading to a delay, while Zcash avoided SEC action after an investigation concluded. Ripple expanded in Europe with a Luxembourg license, and Pakistan explored stablecoin use cases for remittances. The Human Rights Foundation awarded $1.3M in Bitcoin grants, and Figure unveiled an on-chain equity network, signaling growing real-world adoption. FTX's creditor payment schedule and Sui's network recovery after a six-hour stall underscore ongoing operational challenges and recovery efforts.
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