Cryptocurrency+news
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The crypto market held steady this week with a total market cap of $2.7 trillion, while daily trading volume dropped 21.43% to $43.09 billion. Bitcoin price today is $85,300, Ethereum trades at $1,604, and XRP sits at $2.08.
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Cryptocurrency news cardano
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
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Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
XRP slides for two consecutive days as sentiment in the broader market remains cautious. In its debut, the XRP futures launch on CME Group’s derivatives platform exceeded $2.4 million in trading volume.
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Cryptocurrency news
Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
“Innovation in this space is happening, with or without us. We have a responsibility to ensure it happens safely, transparently, and in a way that advances U.S. economic and national security interests. The GENIUS Act will help get us started,” Warner said.
“Many senators, myself included, have very real concerns about the Trump family’s use of crypto technologies to evade oversight, hide shady financial dealings, and personally profit at the expense of everyday Americans. We have a duty to shine a light on these abuses and stop Donald Trump from exploiting emerging technologies to enrich himself, dodge accountability, and weaken the safeguards that protect American consumers and the rule of law,” noted Warner.
SEC Chair Atkins Missing From Crypto Custody EventDespite being recently confirmed, SEC Chair Paul Atkins won’t lead the April 25 roundtable on crypto custody. Acting Chair Mark Uyeda will step in as Kraken, Fidelity, and Anchorage join the discussion.
Republicans and Democrats had continued negotiating after the bill initially failed to advance, resulting in a new amendment draft over the weekend that garnered enough support among Democrats to move the package forward.
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
