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In today's crypto landscape, significant developments are reshaping the industry. The SEC's anticipated rejection of Solana ETF applications is being dubbed as Gary Gensler’s “parting gift” to the sector, as his administration continues to take a stringent stance against new crypto-related filings. Meanwhile, Coinbase's Paul Grewal has shed light on the controversial Operation Chokepoint 2.0, urging banks to reconsider their crypto services amid rising regulatory scrutiny. In a striking commentary, former US Treasury Secretary Larry Summers has dismissed the notion of Bitcoin reserves as a "crazy" idea, highlighting ongoing debates within financial circles about the viability of cryptocurrencies as stable assets. Stay tuned for detailed insights on these pivotal issues affecting the future of digital assets.

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The global crypto market cap is $3.64 trillion, with a 24-hour volume of $191.51 billion. The price of Bitcoin is $99,729.25, and BTC market dominance is 54.2%. The price of Ethereum is $4,003.32, and ETH market dominance is 13.2%. The best-performing sector is eCommerce, which gained 12%. The Crypto Fear & Greed Index is currently Greed (75).

📰 Top News

SEC rejecting Solana ETFs is Gensler’s ‘parting gift’ to crypto industry – Bloomberg analyst

In addition to allegedly refusing any new crypto-related ETF filings, Gensler's administration filed a brief on the Binance lawsuit.

Coinbase exec publishes FDIC letters urging banks to halt or avoid crypto services

Paul Grewal stated that the letters, acquired through FOIA requests, prove that Operation Chokepoint 2.0 existed.

Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Larry Summers said in an interview he understands other commodities' reserves, but calls Bitcoin a 'sterile inventory.'

Latest Insights

• Ethereum climbs 28% against Bitcoin since November as it hits $4,000

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🗞️ More News

• DeFi lending on Liquidium hits 4-month high as Bitcoin soars past $100K

• FSOC warns stablecoins pose stability risks, calls for legislative action to enhance oversight

• Pump Fun updates terms to block UK users days after FCA warning

• Australia intensifies crypto ATM oversight to curb money laundering risks

• Hong Kong races ahead with new stablecoin regulatory framework

Latest Market Report

Bitcoin ETF options: A new tool for risk management and speculation

CryptoSlate's latest market report dives deep into Bitcoin ETF options, their role in the market, and their potential to reshape institutional crypto trading.