U.S Congressional Committee Passed Two Bills to Bring Regulatory Clarity and Remove Hurdles for Crypto Industry:
The U.S. Congressional Committee has passed two bills aimed at providing regulatory clarity for the crypto industry. These bills aim to remove existing hurdles and foster innovation in the sector. This move is seen as a significant step towards mainstream acceptance of cryptocurrencies.
US Prosecutors Seek to Put Sam Bankman-Fried in Jail Before His Trial:
US prosecutors are seeking to detain Sam Bankman-Fried before his trial. He's currently released under an agreement to remain in his parent's Palo Alto home until trial.
Decentralized Cloud Platform Aethir Closes Pre-A Funding Round at $150M Valuation:
Aethir, a decentralized cloud infrastructure platform, has successfully closed its Pre-A funding round, reaching a valuation of $150 million. A sign major investment is returning to blockchain startups.
Singapore High Court says Crypto is Should be Considered Property:
In a landmark decision, the Singapore High Court has recognized crypto as legal property. This ruling provides protection to cryptocurrency holders and could influence how other nations regulate
cryptocurrency.
Market Movement:
Bitcoin and Ethereum saw insignificant movement this week with Bitcoin's 7-day change coming to just -0.23%, and Ethereum seeing a small loss of -1.74%Among the top 10 coins, the largest changes include ADA losing -5.85% and Solana down -7.31%.
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Author: Adam Lee
Asia News Desk / Breaking Crypto News
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