Today's News! ✨💥

The cryptocurrency market experienced a growth of 1.4% on Wednesday, with a total valuation of $3.11 trillion. Stablecoins grew by 2.9% and reached $199.6 billion. The altcoin market also saw growth, with XRP, XLM, and ADA as the top gainers.

Ripple Labs donated $25 million to Fairshake, a Political Action Committee (PAC) that promotes political candidates committed to ensuring a favorable cryptocurrency policy in the United States.

In other news, Kraken will close its NFT market to focus on new projects, and Brazil proposed a national Bitcoin reserve to diversify the treasury's assets.

Additionally, a federal court declared the treasury's sanctions on Tornado Cash illegal, stating that they exceeded the legal authority of the department.