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📰 News and Market Updates 📰
Recent Market News: SEC Chair Atkins considers introducing an innovation exemption to boost tokenization, sparking a mixed reaction from the crypto industry and lawmakers. Not watching this closely, but could be a game-changer if it happens.
Bitcoin's market cap is at 2.36T, with current price at 118,787. Price changes show a 0.42% increase in the past 24 hours, but a 0.51% decrease in the past 12 hours $BTC. Volume changes are a different story, with a 10.29% increase in the past 24 hours.
That large Bitcoin transfer and new stablecoin audit requirements under the GENIUS Act are raising concerns about a potential market correction. Watching this closely, but not convinced it's a major correction just yet.
The real question is, will the innovation exemption be enough to counterbalance the potential market correction? Only time will tell.
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