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The crypto market has seen a flurry of activity in recent days, with developments in Bitcoin, Ethereum, and other major coins making headlines. Analysts have weighed in on the potential for Bitcoin ETFs to surpass gold ETFs, while others have discussed the implications of quantum computers on Bitcoin’s security. Meanwhile, the Ethereum Foundation has made progress towards its staking goals, and regulatory efforts are underway in various countries to combat crypto scams. In this digest, we’ll break down the latest news and trends in the crypto space.

Markets

The crypto market has seen a mix of activity, with Bitcoin trading flat while altcoins such as NEAR Protocol (NEAR) and Avalanche (AVAX) have risen, according to the CoinDesk 20 performance update. XRP has also seen movement, rising to $1.33 but failing to break out, as reported by CoinDesk. Additionally, Bitcoin treasuries have broken ranks as BTC dips below $70K, according to CoinTelegraph.

Regulation

Regulatory efforts are underway to combat crypto scams, with Cambodian lawmakers proposing severe prison time for crypto scammers, as reported by CoinTelegraph. In the US, community banks have opposed the OCC’s approval of Coinbase’s trust charter, according to CoinTelegraph. Meanwhile, Circle is facing criticism over its handling of a $285 million hack, with some accusing the company of failing to freeze stolen USDC, as reported by CoinDesk.

DeFi and Security

The Ethereum Foundation has made progress towards its staking goals, with nearly 70,000 staked ETH, according to CoinTelegraph. Meanwhile, the potential risks of quantum computers to Bitcoin’s security have been discussed, with some arguing that 6.9 million Bitcoin are more exposed than the rest, as reported by CoinDesk. Execution risk in crypto is also becoming a growing concern, with some arguing that it is the new custody risk, according to CoinTelegraph.

Sources: CoinDesk, CoinTelegraph

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