This week in the crypto space saw major developments related to new rules, reports, and corporate partnerships.
Ten Years of Ethereum
Ethereum, launched on July 30, 2015, continues to evolve as a decentralized platform. ETH has bounced back to $3,800, driven by growing interest in tokenization and stablecoins. Many companies are now holding ETH on their balance sheets, indicating Ethereum's increasing integration into the traditional financial system.
Trump's Crypto Report
The Trump administration released a detailed crypto report calling for clarity in trading regulations and modernization of anti-money laundering laws. Investor support is strong at 82%, and there are reasons for this optimism despite the lack of information regarding Bitcoin reserves in the report.
Fed's Interest Rate Issues
The Federal Reserve left interest rates unchanged at 4.25%-4.5% despite unexpected economic growth. Former President Trump criticized the Fed Chair on Truth Social, urging for lower rates, but the Fed has opted not to make changes at this time.
The week in the crypto space has been rich with events that may influence its future trajectory. It is essential to keep an eye on these changes and adapt to the new realities.
