Crypto Market Sees Big Moves and New Rules

Bitcoin's value shot up on Wednesday, hitting over $108, 000 at its peak. This happened even though there were some tense situations in the Middle East and the stock market was near its highest point ever. But not all cryptocurrencies had a good day. Ether and Solana both dropped a bit later in the day. In Washington, D. C. , some big names in crypto were making waves. Fed Chair Jerome Powell talked about crypto in front of the Senate Banking Committee. He said that stablecoins have grown a lot and are now a big part of regular finance. Then there's William Pulte, who runs the Federal Housing Finance Agency. He comes from a family that's big in homebuilding. He told Fannie Mae and Freddie Mac to look into how people with crypto could get mortgages. This could be a big deal for the crypto world.

The Senate also introduced a new bill about crypto rules. Senator Cynthia Lummis, who leads the Senate Banking subcommittee on digital assets, talked about it on CNBC. She thinks the U. S. should lead the way in making crypto rules, just like some other countries already do. The New York Stock Exchange is also getting involved. They asked for a rule change to let a crypto ETF from Trump's Truth Social launch. If the SEC approves it in the next 90 days, it could be a big step for Trump's crypto plans. Lastly, Crypto World chatted with Yuval Rooz, the CEO of Digital Asset. His company just raised $135 million, with big names like Goldman Sachs and Citadel Securities backing them. He explained how they plan to use the money and what it means for the future.

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