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Bitcoin and Ethereum with slight declines while altcoins see appreciation - Chainlink launches Cross-Chain Interoperability Protocol, SEC accepts Valkyrie's Bitcoin spot ETF proposal and other news from the crypto world.
Bitcoin (BTC) and Ethereum (ETH) saw slight declines over the weekend. According to CoinGecko, BTC is currently at $29,869 after falling 1.5%. ETH, on the other hand, fell 2.5% and is trading at $1,888 at the time of writing. Leading cryptocurrencies such as Solana (SOL) and Avalanche (AVAX) suffered significant declines this week. SOL fell 9.8% to $25.68, while AVAX fell 8.1% to $13.77. Nevertheless, some altcoins were able to record appreciation during this period. Toncoin (TON) grew by 8.3% to reach $1.46. Stellar (XLM) recorded a…
Bitcoin and Ethereum with slight declines while altcoins see appreciation - Chainlink launches Cross-Chain Interoperability Protocol, SEC accepts Valkyrie's Bitcoin spot ETF proposal and other news from the crypto world.
Bitcoin (BTC) and Ethereum (ETH) saw slight declines over the weekend. According to CoinGecko, BTC is currently at $29,869 after falling 1.5%. ETH, on the other hand, fell 2.5% and is trading at $1,888 at the time of writing.
Leading cryptocurrencies such as Solana (SOL) and Avalanche (AVAX) suffered significant declines this week. SOL fell 9.8% to $25.68, while AVAX fell 8.1% to $13.77.
Nevertheless, some altcoins were able to record appreciation during this period. Toncoin (TON) grew by 8.3% to reach $1.46. Stellar (XLM) saw a significant increase of 23% and is now valued at $0.163126. Chainlink (LINK) saw a remarkable rally, rising 15% to reach $7.98.
Particularly interesting is Chainlink's rally, which began on Monday with the launch of the Cross-Chain Interoperability Protocol (CCIP) on its mainnet. The protocol currently supports Avalanche, Ethereum, Optimism and Polygon networks.
On Monday, the Financial Stability Board, the G20 regulator, also issued nine recommendations for regulators overseeing crypto companies and markets. These recommendations are intended to help prevent major crypto crashes like FTX and Terra. They emphasize cross-border cooperation between regulators, governance requirements for crypto issuers and mandatory disclosures for the industry.
The US Securities and Exchange Commission (SEC) has accepted Valkyrie’s proposal for a Bitcoin spot ETF for review. This is the second spot ETF application to move forward, following BlackRock's application.
The UK Treasury has rejected a proposal from the House of Commons Finance Committee to classify crypto trading as gambling. There is a clear rejection of this recommendation.
Republican lawmakers in Washington have introduced a bill called the Financial Innovation and Technology for the 21st Century Act. This bill is intended to spur progress in the financial industry.
These are the current developments in the cryptocurrency market. It is important to keep an eye on this information as it can impact cryptocurrency prices and regulation.