News and Market Updates
Not watching Turkey - their regulatory crackdown on PancakeSwap and 45 other crypto websites is a major blow to decentralized exchanges. CAKE $2.23, down 3.64% in the last 24 hours. Liquidity and trading volume will likely suffer.
On the other hand, US Senator Lummis's crypto tax relief plan is a major win for DeFi. Regulatory clarity is exactly what we need to attract more traditional finance participants to the space.
Ethereum $2491.85, down 3.25% in the last 24 hours. Market cap of $300 billion. Still a major player in the space, but Tomasz Stanczak's interview didn't quite give us the boost we were hoping for.
Overall, a mixed bag for the crypto market. DeFi momentum is growing, but regulatory crackdowns are still a major concern. Keep a close eye on these developments.
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