Morning News Update
#Web3 🌐
#TON Blockchain appoints Manuel Stotz as president and announces plans to expand in the U.S., marking a strategic shift focused on growth in the American market.
💵 Circle:
$USDC surpasses $20T in historical transaction volume, with 78% YoY issuance growth and over 500M users accessing it via wallets and apps.
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#SE Chair Gary Gensler compares Bitcoin to gold, highlighting its global appeal but reiterates that Bitcoin is not classified as a security by the SEC.
📆 SEC delays its decision on Bitwise BITW’s ETF conversion to July, extending the approval timeline amid speculation over Grayscale’s GDLC review.
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#bitcoin ’s correlation with Nasdaq 100 hits a two-year high at 0.70, as inflation concerns and market uncertainty weigh on both crypto and tech stocks.