Bitcoin Surges Above $68,000 As Institutional Capital Continues Flowing Into Crypto
Bitcoin regained the $68,000 level in early morning trading, driven by steady inflows from institutional spot ETF products. Market analysts believe the recent rally is supported by improved macro liquidity and rising confidence in digital asset regulations.
Major Wall Street funds increased their BTC holdings during the past week, according to on-chain data. The total amount of Bitcoin held by institutional custodians hit a new all-time high. Traders are closely watching the upcoming Federal Reserve meeting, which may influence risk asset prices globally.
Ethereum also followed the upward trend, breaking above $3,400. DeFi TVL has recovered steadily across multiple L2 networks, showing renewed activity in decentralized finance applications.
Singapore Releases Updated Stablecoin Regulatory Framework
The MAS published new stablecoin rules requiring full reserve backing and regular independent audits. Market participants say the new policy will attract more global stablecoin issuers to set up operations in Singapore.
Layer 2 Transaction Volume Hits New Monthly Record
Ethereum scaling networks processed more than 45 million transactions last month. Lower gas fees and improved user experience bring millions of new users into Web3 applications.
Ripple Partners With Regional Banks For Cross-Border Payment Trials
Ripple’s payment protocol will be tested by multiple Asian banks to speed up international settlement and reduce remittance costs for retail users.
AI Crypto Tokens Lead Altcoin Season With Strong Price Performance
AI-related Web3 tokens outperformed most crypto assets this week. Investors are betting on the combination of artificial intelligence and blockchain infrastructure.