The cryptocurrency market is under heavy pressure after President Donald Trump announced an additional 10% import tax on goods from China, bringing the total tax rate to 20%.
The recent Bybit hack has shocked the community with a total loss of up to 1.46 billion USD.
The US House of Representatives is considering a bill that would ban government officials from issuing, sponsoring or promoting memecoins, amid concerns about the possibility of profiting from political power.
China is making a remarkable move to step up legal research on Crypto while maintaining a comprehensive ban.
The $1.5 billion hack of the Bybit exchange, believed to have been carried out by North Korean hacker group Lazarus, is entering a large-scale money laundering phase.
The US Securities and Exchange Commission (SEC) has recently officially confirmed that memecoin is not a security.
XRP is currently trading between $2.42 and $2.44, with a market capitalization of $141 billion and a 24-hour trade volume of $4.29 billion, fluctuating within an intraday range of $2.42 to $2.59.
According to market analytics platform IntoTheBlock, Litecoin has been stuck in a trading range of $90 to $130 for some time now.
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