Treasury Secretary Janet Yellen urges Congress for new #crypto laws to address systemic risks.

⚡️Proposed legislation focuses on regulating #stablecoins and non-securities crypto assets spot market.

⚡️ Yellen highlights concerns about stablecoins growth, money laundering, and their impact on #financial stability.

⚡️ Bipartisan deadlock slows crypto legislation; regulatory disagreement persists between #SEC and #CFTC.

⚡️ Yellen proposes a federal regulator for stablecoins and stresses the need for protections for stablecoin holders.

#Bitcoin leads #cryptocurrency surge, hitting $46,254.46 with a 3.5% rise, signaling market sentiment shift.

#Tron and #Immutable show high profitability, alongside #stablecoins, hinting at potential market rally.
https://coinpedia.org/news/with-85-profitability-here-are-the-top-3-altcoins-to-add-in-your-portfolio/

Top #CryptoNews In Last 12 Hours

1️⃣ Adrian Orr, New Zealand Central Bank Governor, cautioned against #cryptocurrencies, emphasizing #stablecoins' instability and inability to replace legal tender.

2️⃣ Artificial Intelligence #AI was seen as the top trading technology by 61% of surveyed institutional traders, per #JPMorgan.

3️⃣ #Ethereum gas fees soared to 8-month highs as traders rushed into the ERC-404 trend frenzy.

4️⃣ Bill Morgan organized #XRP conference to address community concerns, seeking feedback and aiming for innovation and positivity.

5️⃣ In the past 24 hours, @Coingecko Reports #ERC-404 sector witnessed a substantial decline, with market capitalization dropping by 29%.

Top #CryptoNews In Last 12 Hours

1️⃣#Fed's Christopher Waller says #cryptocurrencies are growing quickly and might challenge dollar dominance, but it's unlikely due to the popularity of U.S. dollar #stablecoins.

2️⃣Joe Burnett, a manager at a #Bitcoin financial company, suggests #Binance MicroStrategy should join S&P 500, needing $3.7B more market cap; could boost Bitcoin exposure in portfolios.

3️⃣Galaxy Digital's research indicates #Bitcoinhalving in April could cause 20% #mining power shutdown due to the reduced block rewards, impacting profits.

4️⃣#Uniswap Foundation plans to launch Uniswap v4 in Q3 2024 after #Ethereum's #Dencun upgrade in March 2024.

5️⃣Mad Lads' Backpack Exchange hit $300M trading in 24 hours, propelled by exchange popularity and #Solana #blockchain potential.

6️⃣#VeChain's price surged 35% in 24 hours,leading among top #cryptocurrencies, Positive sentiment, AA implementation, MWC 2024 event fuel momentum. Analysts predict further growth.

The UK plans comprehensive #crypto legislation within six months, covering #stablecoins and staking services.

Staking to be reclassified, ensuring it's not seen as a collective investment; #regulations aim for transparency. #cryptoNews
https://coinpedia.org/news/uk-govt-to-launch-crypto-and-stablecoin-regulations-in-the-next-6-months/

#Cryptomarket cap dropped 6%, reaching $2.7 trillion. Bitcoin led a significant sell-off, cooling #bullish sentiments.

Over $666 million liquidated from the market, with $531 million from long traders. Traders shifted to #stablecoins.
https://coinpedia.org/news/why-is-the-crypto-market-down-today/

US senators propose bill to regulate stablecoins amidst banning on algorithmic #stablecoins.

Read more about the proposed regulations and their implications.

https://coinpedia.org/news/us-senators-propose-bill-to-regulate-stablecoins-amidst-banning-on-algorithmic-stablecoins/

Analyst Davinci warns of #Bitcoin's potential "bull trap" despite long-term optimism, highlighting market volatility. #Cryptomarket

#Ethereum faces downside risk, #stablecoins gaining significance, potentially surpassing Visa in payment volume by 2024. #CryptoNews
https://coinpedia.org/news/bitcoin-price-at-64k-a-bull-trap-crypto-expert-decodes-the-market-signals/

🔵 Global #cryptomarket cap: $2.29 trillion, decreased by 2.53% in the last day

🔵 Total #crypto market volume in the last 24 hours: $62.82 billion, decreased by 10.68%

🔵 #DeFi volume: $6.22 billion, comprising 9.90% of the total crypto market 24-hour volume

🔵 #Stablecoins volume: $57.6 billion, representing 91.70% of the total crypto market 24-hour volume

🔵 #Bitcoin dominance: 53.60%, increased by 0.19% in the last day

🔵 Global #cryptomarket cap: $2.31 trillion, up by 2.25% in the last day.

🔵 Total #crypto market volume in the past 24 hours: $74.53 billion, marking an 8.92% increase.

🔵#DeFi volume stands at $5.86 billion, comprising 7.87% of the total crypto market volume in the last day.

🔵 #Stablecoins contribute $70.23 billion to the total crypto market volume, accounting for 94.23%.

🔵#Bitcoin dominance: 54.35%, rising by 0.64% due to the expected US CPI drop to 3.4%.

🔵 Global #cryptomarket cap: $2.44 trillion, increased by 1.67% in the last day.

🔵Total #crypto market volume in the last 24 hours: $66.02 billion, decreased by 18.36%.

🔵 #DeFi volume: $6.51 billion, comprising 9.86% of total crypto market 24-hour volume.

🔵 #Stablecoins volume: $61.08 billion, accounting for 92.52% of total crypto market 24-hour volume.

🔵 #Bitcoin dominance: 54.26%, down by 0.11% over the day.

🔵 Global #cryptomarket cap: $2.54 trillion (down 0.36% in the last day)

🔵 Total #crypto market volume (last 24 hours): $82.5 billion (down 8.02%)

🔵Volume in #DeFi: $5.96 billion (7.22% of total 24-hour volume)

🔵 Volume of all #stablecoins: $77.63 billion (94.09% of total 24-hour volume)

🔵#Bitcoin's dominance: 52.94% (up 0.55% over the day)

🔵Global #cryptomarket cap is $2.55T, up 0.79% in the last day.

🔵 Total #crypto market volume is $74.07B, down 10.23% in 24 hours.

🔵#DeFi volume is $5.38B, making up 7.26% of the total 24-hour volume.

🔵#Stablecoins account for $69.43B, 93.74% of the total 24-hour volume.

🔵#Bitcoin's dominance is 52.87%, a 0.07% decrease from the previous day.

🔵The global #cryptomarket cap is $2.53 trillion, down 0.80% from yesterday.

🔵Total #crypto market trading volume in the last 24 hours is $67.83 billion, down 8.41%.

🔵#DeFi accounts for $4.77 billion of the 24-hour trading volume, which is 7.03% of the total crypto market volume.

🔵#Stablecoins make up $63.44 billion of the 24-hour trading volume, which is 93.53% of the total crypto market volume.

🔵#Bitcoin’s market dominance is 52.72%, a decrease of 0.15% from yesterday.

🔵 Global #cryptomarket cap: $2.53T, a 0.29% decrease in the last day.

🔵 Total #crypto market volume in the last 24 hours: $55.53B, a 12.57% increase.

🔵 Total volume in #DeFi: $5.36B, 9.66% of the total crypto market 24-hour volume.

🔵 Volume of all #stablecoins: $53B, 95.45% of the total crypto market 24-hour volume.

🔵 #Bitcoin dominance: 54.10%, a 0.21% increase over the day.

🔵Global #CryptoMarket Cap: $2.45 trillion (a decrease of 0.86% from the previous day).

🔵Total #Crypto Market Volume (24 hours): $65.81 billion (a decrease of 23.73% from the previous day).

🔵#DeFi Volume: $4.97 billion (7.55% of the total crypto market 24-hour volume).

🔵#StableCoins Volume: $61.37 billion (93.26% of the total crypto market 24-hour volume).

🔵#Bitcoin's Market Dominance: 54.22% (a decrease of 0.18% from the previous day).