Altcoin News Official TheBitTimes.com

Asset manager Bitwise says the Senate stablecoin bill could have a bigger impact on the crypto market than the launch of spot Bitcoin ETFs (exchange-traded funds), and might spark a multi-year crypto bull run. “Outside of the January 2024 approval of spot bitcoin ETFs, this is the most important regulatory development in the history of crypto,” s aid Bitwise’s chief investment officer Matt Hougan in a May 20 blog post. ” It may even be bigger.” Hougan said the legislation should be passed in the summer, setting the stage for a ”long-term, sustained rally in crypto assets beyond bitcoin.” The biggest beneficiaries will likely be Ethereum (ETH), Solana (SOL), and various decentralized finance (DeFi) assets like Uniswap (UNI) and Aave (AAVE), he added. Hougan’s remarks come after the US senate advanced a key stablecoin bill, which many analysts see as an important step toward legitimizing digital assets in the US. If signed into law, the b...

This past week saw increased volatility in the cryptocurrency market. Bitcoin (BTC) attempted to surpass its previous high of $69,500—last seen in July—but ultimately fell short. After a quick pullback, BTC found stable support at the $65,000 mark, a level it tested twice over the week. It is now consolidating around this support zone. Institutional interest in Bitcoin continues to be robust, with Bitcoin ETFs experiencing net inflows of $997.7 million, marking the third consecutive week of positive inflows. Meanwhile, tokens within several networks have also witnessed rallies. This article curates the top trending crypto coins on DEXTools . Top Trending Crypto Coins on DEXTools The Tommy Shelby: The Devil (DEVIL) coin is currently priced at $0.000737, and it has a market capitalization of $775,170. Kleva Protocol operates on the Klaytn blockchain as a decentralized finance (DeFi) platform, focusing on leveraged yield farming. The token associated with this project, Steve...