Here are the #binance latest cryptocurrency news for this morning:
1. **Stablecoin Market Rise**: Stablecoin market capitalization hits 24-month high of $161 billion. This growth highlights the growing demand for stable digital assets amid market volatility.
2. **Bitcoin Price Performance**: Bitcoin futures open interest reached a 16-month high, indicating bullish sentiment with potential price targets above $70,000. This comes as Bitcoin's price continues to fluctuate, with long-term holders cutting their sales by nearly 50% at around $73,800.
3. **Ripple Enters the Stablecoin Market**: Ripple, the company behind the XRP Ledger, is entering the stablecoin market, competing with players such as Tether and USDC. This event could significantly impact the stablecoin landscape.
4. **Regulatory Changes**: The US Treasury Department released a report highlighting the potential financial risks associated with NFTs, including concerns about terrorist financing and theft. Meanwhile, the Securities and Exchange Commission (SEC) has delayed decisions on options trading for Bitcoin ETFs, keeping the market on edge.