📰 Today's News

🔥 Tether Treasury Burns 2 Billion USDT on Ethereum

Tether Treasury has burned 2 billion USDT on the Ethereum network, removing approximately $2 billion worth of tokens from circulation. This move impacts the stablecoin's supply dynamics.

⚡ SEC Proposes Regulation Crypto Assets to Create Legal Path for Token Issuance

The U.S. Securities and Exchange Commission (SEC) has proposed "Regulation Crypto Assets" (Reg Crypto) to establish a legal framework for certain tokens to be issued to the U.S. public, with a 60-day public comment period now open. This initiative aims to provide clearer guidelines for crypto projects seeking to operate within the U.S. legal framework.

📉 Bitcoin Hits $79,400 — Best Week Since March 2023, $76,000 Target Cleared, Spot Demand About to Turn Positive for First Time Since February

Bitcoin surged to $79,400, marking its strongest weekly advance since March 2023, following the U.S. Treasury's plan to increase long-term bond buybacks. This rally cleared the $76,000 target and indicates that spot demand is on the verge of turning positive for the first time since February.