Weekly Crypto News Roundup: Market Moves, Task Forces, and More
By: Eva Baxter
- Crypto Markets Face Turbulence: Bitcoin and Ethereum faced sharp declines leading to billions in liquidations, impacting the broader market.
- UK and US Join Forces for Crypto Regulation: A new task force aims to shape a regulatory framework for digital assets, enhancing cooperative efforts.
- Metaplanet's Bitcoin Acquisition: With a massive purchase of 5,419 BTC, Metaplanet becomes the fifth-largest corporate bitcoin holder worldwide.
- Binance's Educational Push: Binance's Giggle Academy receives $2.4 million in memecoin donations for its educational initiatives.
- UAE's Commitment to Crypto Tax Standards: The UAE aligns with international tax standards, showcasing its significant role in global crypto adaptation.
- Kraken Supports Pro-Crypto Groups: Kraken pledges $2 million towards politically aligned groups to bolster crypto user rights amid regulatory challenges.
- US Push for Crypto 401(k) Plans: Legislators urge the SEC to integrate crypto investments in retirement plans, enhancing American financial options.
