Cardano (ADA) is approaching the $0.85 resistance level amid bullish market sentiment, with analysts closely watching its potential breakout. Meanwhile, Mutuum Finance has successfully raised $13.8 million in its ongoing presale, attracting significant investor interest for its decentralized lending platform. The project aims to revolutionize DeFi lending with innovative features and competitive yields.

Solana's xStocks platform reaches $1.6 billion trading volume, driven by CEX trading.

Spartans, a new staking platform, has gained traction by offering transparent rewards and rapid 15-minute withdrawals, outpacing competitors in the DeFi space. The platform emphasizes user-friendly features, including real-time reward tracking and low fees, attracting both retail and institutional investors. With over $50 million in total value locked (TVL) within weeks of launch, Spartans aims to address common staking pain points like long lock-up periods and opaque reward distribution. The team plans to expand cross-chain compatibility and introduce governance features in Q4 2023.

Crypto exchange FTX collapsed in Q4 2022 after a liquidity crisis, with founder Sam Bankman-Fried arrested for fraud. The fallout triggered a market-wide downturn, with Bitcoin plunging below $16,000. Major lenders like Celsius and BlockFi filed for bankruptcy, while exchanges faced withdrawals exceeding $3 billion daily. The SEC charged multiple firms, including Genesis and Gemini, for unregistered securities offerings. Despite the turmoil, Bitcoin rebounded over 50% in Q1 2023, though regulatory scrutiny remains intense as authorities push for stricter oversight.

The S&P 500 closed lower despite a strong tech rally, as mixed earnings reports and economic uncertainty weighed on broader market sentiment. Eli Lilly shares experienced volatility amid conflicting analyst views on its new obesity drug's market potential. Meanwhile, Bitcoin held steady near $42,000 as institutional interest in crypto assets continued to grow. Tech giants led by Apple and Nvidia gained over 2% each, but energy and financial sectors dragged the index down 0.3% for the day. Investors remain cautious ahead of Friday's key jobs report that could influence Fed policy decisions.

Alphractal CEO Joao Wedson made a statement about Binance's spot volume in his latest post.

The International Monetary Fund (IMF) and global regulators have proposed including Bitcoin and other cryptocurrencies in national wealth statistics under the revised System of National Accounts (SNA) framework. This move aims to standardize the measurement of digital assets' economic impact across countries. The updated guidelines would require nations to report crypto holdings as part of their financial assets, reflecting the growing significance of digital currencies in global finance. The IMF emphasized the need for consistent classification to improve cross-border comparisons and macroeconomic analysis. This development comes as Bitcoin continues to gain institutional adoption, with its price hovering around $43,000 at press time.

President Trump backs Congressional stock trading ban with exemption; legislative momentum builds.

Regulators are advocating for a policy shift to grant crypto custody rights to financial institutions, aiming to enhance security and oversight in digital asset management. The proposed changes would allow banks and investment firms to hold cryptocurrencies on behalf of clients, addressing concerns over unregulated custody solutions. Industry leaders welcome the move, citing potential for increased institutional adoption and market stability. However, critics warn of regulatory overreach and possible stifling of innovation in the decentralized finance sector. The debate highlights growing tensions between traditional finance and emerging crypto ecosystems.

European yacht buyers face new tariffs as the EU imposes additional import duties on luxury vessels from the U.S. and UK, escalating trade tensions. The 15% levy targets boats over 24 meters, impacting major brands like Sunseeker and Princess Yachts. Industry groups warn this could reduce sales by 20%, with buyers potentially shifting to Asian shipyards. The move follows the EU's recent steel and aluminum tariffs, part of broader protectionist measures. Analysts note this may delay post-pandemic recovery in the luxury marine sector, already struggling with supply chain issues. Some buyers are exploring loopholes, such as registering yachts in non-EU countries.