Bitcoin Surpasses Silver In Market Cap

Thailand Allows The Wealthy To Invest In Crypto ETFs, Coinbase Takes Legal Action Against The SEC

Welcome to Coinfeeds Daily Digest! Today we cover the NEAR token almost doubling in a week with Nvidia's AI conference coming up where Near Protocol's co-founder is set to speak, Thailand opening up cryptocurrency ETFs to wealthy investors, and the White House proposing crypto regulations for a federal revenue boost. Also, Coinbase has taken legal action against the SEC, accusing the agency of ignoring the law in rejecting rulemaking. MetaMask has partnered with Mastercard and is soon to start testing the first blockchain-powered payment card that would enable every MetaMask user to spend crypto anywhere, like fiat currency, and Bitcoin's market capitalization has surpassed $1.4 trillion, which puts Bitcoin above Silver and in the 8th place of the world's most valuable assets.

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Bitcoin Surpasses Silver With $1.42T Market Cap

Bitcoin has ascended the ranks to become the world's eighth most valuable asset, surpassing silver with a market capitalization of $1.42 trillion. This achievement comes on the heels of a significant price surge, with Bitcoin reaching an all-time high of over $72,000. The digital currency's remarkable growth trajectory has seen it eclipse the market cap of major corporations like Meta or Alphabet. | Read More

Coinbase Accuses The SEC of Breaking the Law in Rejecting Rulemaking

Coinbase, one of the leading cryptocurrency exchanges, has taken legal action against the SEC. The core of the dispute lies in Coinbase's accusation that the SEC has unlawfully refused to establish clear regulations for the cryptocurrency industry. The petition was aimed at seeking clarity on how crypto assets should be overseen by regulatory authorities, and now, Coinbase argues that the SEC's current approach leans heavily on enforcement actions instead of crafting specific regulations. | Read More

White House Proposes Crypto Regulations to Boost Federal Revenue

The White House has unveiled a comprehensive set of regulatory proposals as part of President Joe Biden's 2024 budget plan. This initiative is not just about bringing digital assets under closer scrutiny; it's also projected to be a substantial revenue generator for the federal government, with estimates suggesting nearly $10 billion could be raised by 2025. | Read More

MetaMask & Mastercard Test First Blockchain-based Card

MetaMask, a leading self-custody wallet, has teamed up with Mastercard to test the first blockchain-powered payment card. This innovative collaboration aims to enable over 30 million MetaMask users to spend their cryptocurrencies just like traditional money, at any location where Mastercard is accepted. | Read More

Thailand Opens Crypto ETFs to Wealthy Investors

The recent announcement from Thailand's SEC reclassifies spot bitcoin ETFs as securities. This reclassification is a critical step that enables Thai securities firms to engage in the trading and investment of these digital asset products. By aligning with the U.S. SEC's approval of spot Bitcoin ETFs as securities, Thailand is positioning itself as a forward-thinking market in the digital asset space. | Read More

NEAR Almost Doubles in a Week

The market has recently witnessed a surge in the value of NEAR, the native token of Near Protocol. This remarkable increase, which saw the token's value nearly double to reach $7.00 — its highest level since May 2022, has caught the attention of investors and enthusiasts alike. The surge is primarily attributed to the growing excitement around Nvidia's upcoming AI conference. | Read More