The SEC has delayed decisions on nine crypto ETF applications, including those for $BTC Bitcoin, $ETH Ethereum, $XRP , Litecoin, and Dogecoināsignaling a broader effort to refine the ETF approval structure.
3. Japan Embraces Stablecoins
Japan is gearing up to approve its first yen-backed stablecoin this autumn, aiming to enhance remittance and corporate payment systems. This marks a significant regulatory advancement in Asiaās crypto scene.
4. New Bitcoin Treasury Venture in Europe
Dutch crypto firm Amdax plans to launch āAmsterdam Bitcoin Treasury Strategy (AMBTS)ā, targeting a listing on Euronext and seeking to acquire at least 1% of the total Bitcoin supply. A bold institutional move in the crypto arena.
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.88T, down by 3.56% over the last 24 hours. Bitcoin ($BTC ) traded between $114,650 and $118,575 over the past 24 hours. As of 09:30 AM (UTC) today, $BTC is trading at $114,681, down by 3.10%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include BIO, API3, and TST, up by 17%, 9%, and 7%, respectively.
$BTC Bitcoin slipped around 2%, testing the $115K level, while $XRP dropped below $3.
Broader sentiment is negative: Bitcoin lost 2.5% to roughly $115,401, and other major cryptos followed suitāEther down 5.7%, Solana 6.2%, Dogecoin 5.6%ādriven by cooling expectations for U.S. interest-rate cuts.