Major cryptocurrencies saw sharp 24-hour movements, with Bitcoin, Ethereum, and Solana falling while XPL spiked dramatically, as regulators and corporations announced significant actions shaping the digital asset market.
In the past 24 hours, BTC dropped 3.16%, ETH fell 4.59%, and SOL declined 6.74%, while XPL surged 2,454.80% on OKX. SEC Chair Paul Atkins announced new measures targeting conflicts of interest and an innovation exemption policy by year-end. Citi projected the stablecoin market could expand to $4 trillion by 2030, with bank tokens potentially surpassing stablecoins in transaction volume. Corporate developments included Bitwise filing for a Hyperliquid ETF, BlackRock registering an iShares Bitcoin Premium Income ETF, and Cloudflare launching the NET Dollar stablecoin. Regulators also took enforcement actions: FINTRAC fined KuCoin’s operator $14.09 million, and Hong Kong’s SFC issued a warning against unlicensed platform BiyaPay.