A recent executive order from the U.S. government marks a significant step toward defining the role of digital assets in the economy, garnering a positive response from cryptocurrency advocates and the market.
Increased Market Interest
Following the executive order's announcement, the market has observed a notable increase in confidence. Bitcoin has risen by over 4%, nearing $105,000. The global cryptocurrency market cap has reached $3.63 trillion, a 3.58% daily increase, and the 24-hour trading volume surged by 41.62%, reaching $205.88 billion. This growth reflects heightened interest from investors in exploring opportunities within the sector.
New Partnerships and Projects
Sui has partnered with SuperVerse to link its gaming ecosystem with one of the largest communities in the Web3 space. The MEMEX protocol has drawn significant interest, raising over $2.8 million. Stellar has also shown notable growth; its price currently stands at $0.438907, reflecting a 4.16% increase in the past 24 hours.
Stellar Financial Infrastructure
Stellar is a decentralized network aiming to connect financial systems worldwide. The platform enables rapid, reliable financial resource transfers at low costs. It opens doors to innovative solutions addressing inefficiencies in traditional systems.
The U.S. executive order on digital assets opens new avenues for the cryptocurrency industry, enhancing market confidence and encouraging innovation.
