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Introduction

The crypto market has seen significant developments in recent days, with Bitcoin experiencing weakness due to global events, and Ethereum’s ether taker volume hitting a 3-year high. Regulatory efforts are also underway, with rumors of a CLARITY Act deal between the White House and lawmakers, and Senators reaching a compromise on yield to advance the crypto market bill. Additionally, major companies such as Ledger and Nasdaq are making moves in the crypto space, with Ledger hiring a new CFO and opening a NYC office, and Nasdaq winning SEC approval to move stocks on-chain.

Markets

Bitcoin’s price has been affected by rising inflation concerns and geopolitical tensions, with some reports suggesting that the cryptocurrency is aiming to hold $70K. Ethereum’s ether taker volume has hit a 3-year high, which may impact the price of ETH. The global economic situation is also affecting other assets, such as gold, which has seen its biggest weekly fall in 43 years. According to CoinTelegraph, Bitcoin’s weakness is deepening due to the war, while CoinDesk reports that surging oil prices and persistent geopolitical tensions are driving inflation fears.

Regulation and Adoption

Regulatory efforts are ongoing, with rumors of a CLARITY Act deal between the White House and lawmakers, as reported by CoinTelegraph. Senators have also reached a compromise on yield to advance the crypto market bill, according to CoinDesk. Major companies are also adopting crypto technology, with Nasdaq winning SEC approval to move stocks on-chain, as reported by CoinDesk. Ledger has hired a new CFO and opened a NYC office to expand its US business, as reported by CoinTelegraph.

Security and Other Developments

Google Threat Intel has flagged a crypto-stealing malware called “Ghostblade”, as reported by CoinTelegraph. Grayscale has filed S-1 for a Hyperliquid ETF, joining other companies such as Bitwise and 21Shares, as reported by CoinTelegraph. Kalshi has been issued a temporary ban in Nevada due to a dispute over sports betting, as reported by CoinDesk.

Sources: CoinTelegraph, CoinDesk

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