Happy Thursday!

The SEC has unveiled its new Cyber and Emerging Technologies Unit (CETU), led by Laura D’Allaird, to tackle AI-driven fraud and strengthen cybersecurity compliance. Meanwhile, XRP outpaces Bitcoin and Ethereum following Brazil’s swift approval of an XRP ETF, highlighting the US SEC's slower regulatory response. Bitcoin hovers above a key $92.5K support level during an accumulation phase reminiscent of May 2021. Additionally, Solana ETF filings have entered the Federal Register, setting the clock for potential SEC approval by October.

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The global crypto market cap is $3.21 trillion, with a 24-hour volume of $86.46 billion. The price of Bitcoin is $97,446.17, and BTC market dominance is 60.3%. The price of Ethereum is $2,724.09, and ETH market dominance is 10.2%. The best-performing sector is Staking, which gained 12%. The Crypto Fear & Greed Index is currently Neutral (49).

SEC replaces Crypto Assets Unit with Cyber and Emerging Technologies Unit

Laura D’Allaird leads the SEC's new unit to combat AI-driven fraud and bolster cybersecurity compliance.

📰 Top News

XRP outperforms Bitcoin and Ethereum following news of Brazilian ETF approval

The US SEC's slow acceptance of XRP ETFs contrasts sharply with Brazil's rapid regulatory progress.

Bitcoin must hold $92.5k amid accumulation phase reminiscent of May 2021

Bitcoin is ranging $1,000 to $5,000 above short-term holder cost basis, a key support level to be maintained.

Solana ETF filings enter Federal Register, potential approval set for October

The listing triggered the 240-day deadline for the SEC to engage with the filings.

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📈 Latest Insights

• Bitcoin’s record low 4-year CAGR of 14.45% still beats gold and stocks

🗞️ More News

• Ethereum Foundation unveils interoperability framework to unify liquidity across EVM chains

• Coinbase urges Congress to act on crypto regulation or risk innovation exodus

• Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis

• Solana risks becoming memecoin ‘hellscape’ mirroring BNB Chain in 2021

• Why the drop in Bitcoin UTXOs, transactions, and fees is not bearish