Here's the latest cryptocurrency news:
Market Updates
- Bitcoin's price dipped to $92.5K due to concerns over the Federal Reserve's interest rate policy and rising bond rates .
- The Bitcoin sell-off shows no signs of forming a bottom, negatively impacting altcoins .
Partnerships and Innovations
- Movement Labs is closing a $100M VC round, valuing the layer-2 developer at $3 billion .
- Pyth Network partnered with Revolut to integrate digital asset data into DeFi .
- Agora and Galaxy completed AUSD stablecoin's first live transaction .
Regulatory Developments
- US prosecutors will search Terraform Labs co-founder Do Kwon's Twitter account for information .
- Corporate crypto investments in South Korea inch closer to approval .
- Thailand will pilot cryptocurrency payments in Phuket .
Other News
- Ripple's RLUSD stablecoin is set to list on more exchanges .
- Bhutan's Gelephu Mindfulness City plans to establish a strategic crypto reserve .
- Sonic SVM launched a multimillion-dollar fund for Web3 gaming and AI agents .
