In the past 24 hours, the crypto market has seen over $2.2 billion in liquidations, with Bitcoin touching $91,231 on Binance. Many altcoins, including Ethereum (ETH), have also experienced significant losses.
Despite the downturn, some assets are showing resilience. Real-world asset tokens have led a crypto rebound, with Ondo Finance's native token, MANTRA's OM, and Chintai's CHEX posting double-digit gains. This trend suggests growing interest in the tokenization narrative.
In regulatory news, U.S. President Donald Trump has ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the establishment of a national cryptocurrency stockpile. This move indicates a significant shift in U.S. crypto policy.
Additionally, Coinbase has secured registration with the U.K.'s Financial Conduct Authority, allowing it to offer crypto services directly in the country. This development marks a significant step for the exchange's operations in the U.K.
Overall, the cryptocurrency market is facing a period of heightened uncertainty, influenced by geopolitical tensions and evolving regulatory landscapes.
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