The market traded rangebound without dominant headlines. As of now, $BTC is trading at $114,275 and $ETH at $4,335, with Bitcoin dominance at 59.35%.
China is reportedly considering issuing yuan-backed stablecoins as part of a strategic push to enhance the global use of its currency. The State Council is set to review a roadmap outlining internationalization goals, regulatory and risk-management guidelines, with initial implementation efforts focused on financial hubs like Hong Kong and Shanghai (see below).
A few other headlines include: Plasma partners with Binance, with USDT on Binance Earn to be deposited and generate yield on Plasma; Nasdaq to delist BNB token treasury company Windtree Therapeutics for noncompliance; and crypto token buybacks reaching $40 million weekly.
During the last 24 hours, the top three gainers were $OKB, $AERO, and $MORPHO, while the top three losers were $MNT, $SAROS, and $VSN.
