Recently, the cryptocurrency market has become lively again, with the total market capitalization rising by 5.7% to reach 3.19 trillion USD.
Big brother Bitcoin returned to 91,800 USD, rising almost 6% in just the past 24 hours; Ethereum was even more powerful, directly increasing by 7.5% to reach 3,010 USD. The NFT market is also not to be outdone, with a growth rate that even exceeded 11%.
Interestingly, although everyone is still worried about the deleveraging impact that a potential interest rate hike in Japan might bring, the Federal Reserve's decision to pause quantitative tightening (QT) immediately stabilized emotions, and funds began to flow back into the market.
Now let's look at the regulatory climate in the United States. SEC Chairman Paul Atkins announced that starting January 2026, the 'crypto innovation exemption' will officially take effect. In simple terms, it gives crypto companies a bit more policy space and reduces legal pressure, which also means that projects looking to go public (IPO) in the future may find it easier. This is seen by many as a signal of a shift towards a more friendly regulatory environment.
The attitude of institutions is also changing. Bank of America plans to allow wealth advisors to recommend that clients invest up to 4% of their assets in cryptocurrencies starting in January next year, focusing mainly on a few spot Bitcoin ETFs. In other words, traditional finance is beginning to take cryptocurrency assets seriously, moving away from the previous 'bystander attitude'.
Meanwhile, Kraken has officially acquired the tokenized asset platform Backed Finance. Backed's feature is its ability to tokenize stocks and ETFs, allowing users to directly access real-world assets on the blockchain. For Kraken, this is an important step in expanding its tokenization business.
There is also good news in the DeFi space. Uniswap has partnered with European fintech giant Revolut, allowing users to directly buy cryptocurrencies using their Revolut accounts. This means that the conversion between fiat and cryptocurrencies has become smoother, and the integration of DeFi and traditional finance is becoming more natural.
Another thing worth noting is X Money, which is supported by Musk. This team is building a brand new payment platform and is currently hiring. Although not many details have been disclosed, given the user base of the X ecosystem, this could become a new variable in the digital payment and cryptocurrency fields.
Finally, a somewhat regrettable piece of news: the project Astria, focused on Layer 2 modular decentralized sequencers, has announced it will cease operations. This once again reminds us that the path to decentralized infrastructure is not easy; while the concept is good, maintaining sustainable development in the long term remains a significant challenge.
The above content is for informational sharing only and does not constitute any investment advice! Investment involves risks, and caution is advised when entering the market!
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