Coins.xyz Doubles Listings, Launches AUD Spot Pairs
Coins.xyz has expanded its offerings by adding more tokens to its platform, significantly broadening the selection of digital assets available for trading. The exchange has also introduced AUD spot pairs, making it easier for Australians to trade cryptocurrencies in their local currency. This move positions Coins.xyz as a more competitive player in the rapidly growing crypto market, catering to increasing demand for local fiat integration. The expanded token listings and new AUD pairs are expected to drive greater adoption of cryptocurrency in the Australian market. (Investing.com)
Pakistan to Set Up Crypto Council to Oversee Policy
Pakistan is moving forward with plans to establish a dedicated council to regulate and oversee the country’s cryptocurrency policy. This initiative comes as the country looks to create a clear and structured framework for digital assets, which have grown in popularity. The council is expected to work closely with key industry players to craft regulations that balance innovation and security. This marks an important step toward formalizing crypto within Pakistan’s financial landscape, which could pave the way for broader adoption. (CoinDesk)
XRP Ledger Unveils Roadmap for Institutional DeFi Expansion
The XRP Ledger has unveiled a detailed roadmap aimed at expanding its decentralized finance (DeFi) capabilities, focusing on institutional adoption. New tokenization features are set to enhance the ledger's scalability, allowing for more complex financial products to be built on the network. The roadmap outlines key developments aimed at attracting institutional players who seek reliable and secure blockchain solutions. As DeFi grows, XRP’s plans to cater to this sector could make it a more prominent player in the digital finance space. (CoinMarketCap)
Bitcoin Falls Below $84K as Trump Plans EU Tariffs
Bitcoin's price has dipped below the $84K mark, driven in part by concerns over impending tariffs from former President Donald Trump on European goods. The news caused a ripple effect across the markets, with many investors cautious about potential economic instability. Bitcoin's price decline is seen as a response to broader macroeconomic fears, including inflation and geopolitical tensions. Despite the drop, Bitcoin remains a favorite store of value for long-term investors, though short-term volatility persists. (The Street)
Dogecoin’s Price Drops 40% Amid Market Turmoil
Dogecoin has experienced a dramatic 40% drop in value as part of the broader downturn in the cryptocurrency market. The meme coin, which gained widespread popularity through social media and celebrity endorsements, has faced significant volatility in recent months. As market conditions remain unpredictable, many Dogecoin investors are reevaluating their positions amid concerns about long-term sustainability. The price drop has sparked discussions around the future of meme-based cryptocurrencies and their role in the market. (Yahoo Finance)
Solana Plunges 14%, XRP and Ethereum Follow
Solana has seen a sharp 14% drop in value, alongside significant declines in other major cryptocurrencies like XRP and Ethereum. The market's overall slump has been attributed to a combination of regulatory uncertainty and investor sentiment shifting toward more traditional assets. Despite the setbacks, Solana and XRP continue to attract institutional interest due to their technological advancements and use cases in decentralized finance. As the market stabilizes, many experts predict a potential rebound for these assets in the coming months. (Yahoo Finance)
MicroStrategy Buys $2B More Bitcoin, Stash Nears 500K BTC
MicroStrategy has added nearly $2 billion worth of Bitcoin to its holdings, pushing its total stash closer to 500,000 BTC. The company, led by Michael Saylor, has doubled down on its commitment to Bitcoin as a store of value, continuing to accumulate despite market fluctuations. This move further solidifies MicroStrategy’s position as one of the largest corporate holders of Bitcoin, fueling speculation that more companies may follow suit. The aggressive strategy highlights Saylor’s unwavering belief in Bitcoin's long-term potential, even in the face of price volatility. (Investopedia)
US SEC Crypto Task Force Meets with Saylor, CCI, and MITRE to Discuss Regulation
The US SEC’s newly formed crypto task force has held a meeting with industry leaders, including Michael Saylor, to discuss regulatory approaches for the digital asset space. The discussions centered around creating a framework that balances innovation with investor protection in a rapidly evolving market. The task force aims to provide clearer guidelines on digital assets, which could help the crypto industry navigate growing regulatory scrutiny. While no immediate policy changes were announced, the meeting signals the SEC’s intent to engage directly with key players to shape future regulations. (CryptoSlate)
