What Happened in the Crypto World Today
Yo, crypto fam it’s been a wild ride today. Whether you’re deep in DeFi or casually holding some meme bags, you need this roundup. Let’s break down 7 things that actually happened in the crypto scene in the past 24 hours no fluff, just facts.
Crypto Reality Check: 7 Events You Missed
- Bitcoin held strong around $118,500 after a shaky moment when the U.S. Fed decided to keep rates steady. Price dipped for a sec but bounced right back. ETH and SOL also saw solid green candles.
- The White House dropped a massive 160-page crypto framework they’re trying to pin down what counts as a security and what doesn’t. TLDR: SEC and CFTC are about to get real busy.
- Syz Capital is making moves again. They’re reopening their BTC hedge fund with 2,000 BTC (~$200M) already being stacked.
- A dude in India just got busted for stealing over ₹379 crore ($44M) from CoinDCX. Wildest part? He might’ve used a freelance gig as a cover.
- In the UAE, RAKBANK became the first traditional bank to offer crypto trading straight to retail customers. Gamechanger for the region.
- NFTs are still hot sales in July hit $583M, a 47% jump. ETH-based collections dominated as usual.
- Overall market is slightly green, with 75 of the top 100 coins in the green zone. Total market cap is sitting around $3.96T.
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