Crypto markets whipsawed overnight on cooler than expected inflation in the U.S., with $BTC now at $85,510.09, while $ETH is at $2,828.61.
The SEC issued new guidance clarifying that broker-dealers must retain exclusive control of private keys to meet custody rules for crypto asset securities, including tokenised equities.
Other headlines: The Federal Reserve withdrew a restrictive 2023 policy limiting banks’ crypto activities, allowing state member banks to seek approval for novel digital asset services; SoFi launched SoFiUSD, a fully reserved dollar stablecoin issued by its national bank to provide 24/7 settlement infrastructure for banks and fintechs.
During the last 24 hours, the top three gainers were $FTN, $BEAT, and $BCH, while the top three losers were $MYX, $KAIA, and $PUMP.
