Bitcoin is nearing the $100,000 mark, reaching a new all-time high. The Securities and Exchange Commission (SEC) chair, Gensler, is set to step down in January 2025, and the Trump administration is forming a crypto advisory committee. XRP’s value has risen to a three-year high due to Gensler’s exit news.
MicroStrategy’s stock fell 16% after Citron announced it had taken a short position. SOL’s value broke its all-time high on Coinbase. B2C2 plans to issue its first bond on Ethereum. El Salvador’s profits from Bitcoin stand at $305 million. The SEC’s broker-dealer rule was struck down in a legal win for crypto advocates.
The Consumer Financial Protection Bureau (CFPB) will regulate big tech digital wallets, excluding crypto. Charles Schwab will directly offer crypto services to clients. Trump Media is exploring a crypto payment platform. FTX will begin repaying creditors in March 2025. Circle’s USDC stablecoin will launch on Aptos, and WisdomTree has launched an XRP exchange-traded product (ETP).
In summary, the cryptocurrency market is growing and gaining more attention from regulators, with a range of companies entering the space and exploring new opportunities.
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<p>The post Crypto Market Surges: BTC Nears $100K, XRP Hits 3-Year High, and More! first appeared on CoinBuzzFeed.</p>
