Here are the important headlines in the cryptocurrency world for August 19, 2024:
1. US Political Developments: The Democratic Party's 2024 platform was released today and it was striking that#cryptocurrencieswere not mentioned at all. This situation caused uncertainty about cryptocurrencies. There is a clear difference between this situation and the Republican Party's positive stance on cryptocurrencies.
2. Market Movements:#Bitcoin(#BTC) is currently trading at around $59,100, while#Ethereum(#ETH) is around $2,600. The global crypto market cap has decreased by 1.4% in the last 24 hours.#XRPand#TRXare among the biggest gainers, while Cardano (#ADA) has fallen out of the top 10 in market cap.
3. Corporate News: Investment giant BlackRock has surpassed Grayscale to become the largest crypto exchange-traded fund (#ETF) provider in terms of assets under management. This situation shows that institutional interest in Bitcoin in particular is increasing.
4. Regulatory Changes: The Federal Reserve and FinCEN plan to revise the definition of âmoneyâ in the Bank Secrecy Act to include cryptocurrencies. This move could have significant implications for compliance and reporting requirements for crypto businesses and users.
5.#DeFiand #NFTs: The DeFi sector continues to grow, with total value locked (TVL) up 3.5% in July. Meanwhile, trading volume in the#NFTmarket has declined, with large Ethereum collectibles falling significantly, while Solana-based NFTs have shown some growth.
