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Bitcoin's Market Cap Surpasses $2 Trillion as Price Hits New All-Time High
In a significant milestone, the market capitalization of Bitcoin (BTC) has surpassed $2 trillion for the first time, according to data from CoinMarketCap. This comes as the price of Bitcoin has reached a new all-time high of $64,895, up over 100% from its low in January.
The surge in Bitcoin's price and market capitalization has been driven by a combination of factors, including increased institutional investment, growing adoption, and a decline in the US dollar's value. Many experts believe that Bitcoin's price could continue to rise as it becomes a more mainstream asset class.
Ethereum's DeFi Market Sees Record-Breaking Growth
The decentralized finance (DeFi) market on Ethereum has seen record-breaking growth in recent weeks, with the total value locked (TVL) in DeFi protocols reaching an all-time high of over $100 billion. This growth has been driven by the increasing popularity of decentralized lending and borrowing platforms, as well as the launch of new DeFi protocols.
The growth of DeFi has also led to an increase in the price of Ethereum, which has risen by over 50% in the past month. Many experts believe that DeFi will continue to play a major role in the development of the Ethereum ecosystem and the broader cryptocurrency market.
Regulatory Developments
In regulatory news, the US Securities and Exchange Commission (SEC) has announced that it will be hosting a public meeting to discuss the regulation of digital assets. The meeting, which is scheduled to take place in May, will bring together experts from the SEC, the Commodity Futures Trading Commission (CFTC), and other regulatory bodies to discuss the current state of digital asset regulation.
In other regulatory news, the Japanese Financial Services Agency (FSA) has announced that it will be issuing new guidelines for the regulation of cryptocurrency exchanges. The guidelines, which are expected to be published in the coming weeks, will aim to improve the security and transparency of cryptocurrency exchanges in Japan.
Other News
In other news, the cryptocurrency exchange Binance has announced that it will be launching a new decentralized exchange (DEX) called Binance DEX. The DEX will allow users to trade cryptocurrencies without the need for a central authority, and will be launched in the coming weeks.
Additionally, the cryptocurrency payment processor BitPay has announced that it will be partnering with the online retailer Overstock to allow customers to pay for goods and services using Bitcoin and other cryptocurrencies.
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