CAKE
6h Crypto Recap: Bitcoin, XRP, CAKE, Stablecoins — Pressure & pivots
#CLARITY_Act proposals are being framed as raising disclosure thresholds for crypto projects. Some industry voices warned this could push more teams to launch outside the US. ⚖️
#Bitcoin mining conditions tightened as the network hash rate slipped below 1 ZH/s. The coverage tied the move to growing profitability pressure on miners. ⛏️
#Bitcoin market structure is facing a potential liquidity shift as a small set of major “gatekeepers” prepare to tighten remaining chokepoints. The discussion focused on how access and flow could become more constrained. 🔒
6 hours Crypto Highlights: SEC Delays, IPOs, and Market Trends
The U.S. SEC has postponed its decision regarding the #Canary spot #SUI ETF, leaving investors speculating about the implications for the broader market. This delay comes amid a wave of regulatory scrutiny over cryptocurrency exchange practices and investment products.
Circle, the issuer of the #USDC stablecoin, has announced an upsize of its IPO target to $1 billion, reflecting growing confidence in the digital asset market. This move indicates a strong push towards mainstream acceptance and integration of cryptocurrencies in traditional finance.