Crypto Market Continues Upward Trend Amid Major Regulatory and Institutional Moves

The cryptocurrencies show mixed movements with Bitcoin reaching $110,000 amid ongoing US-China negotiations described as quite successful by Lyutnik. Ethereum rallied by 6.49%, while XRP slightly declined. Binance's move to assist in closing a darknet drug market, involving 270 arrests and $3.5 million in frozen crypto, highlights ongoing enforcement efforts. Meanwhile, the US Senate is poised to vote on the GENIUS Act, a critical legislation on stablecoins, requiring 60 votes for advancement. India and the US finished a week of talks with an expected interim trade agreement by fall. Additionally, new financial products such as ETF registrations and stablecoin initiatives are underway, indicating evolving institutional crypto engagement. The market leaders showed substantial gains, notably USELESS (+77.2%) and MMX (+70.6%), whereas others like VERSE and HOME faced significant declines. Overall, positive developments and regulatory progress suggest a cautious optimistic outlook for the crypto markets.