Morning News Update #Web3
🇺🇸 Eric Trump claims reasonable crypto regulation can modernize banking and position the U.S. as a global #crypto superpower.
💸 El Salvador plans to ease mandatory #Bitcoin adoption rules to unlock $3B in loans from the #IMF and other entities.
📉 #Bitcoin❗ struggles to stay above $100K after hitting an ATH of $103,800, with $250B wiped from the crypto market.
⚡ Circle to release CCTP V2 in early 2025, enabling faster, low-latency $USDC transfers on Ethereum, Base, and Avalanche.
📊 #ELONMUSK criticizes outdated U.S. government IT systems and suggests #blockchain could resolve IRS inefficiencies.