Bitcoin Breaks $100,000 Barrier
Bitcoin has shattered the $100,000 milestone, marking a historic moment for the cryptocurrency market. The surge is attributed to growing institutional adoption, including record-breaking inflows into Bitcoin ETFs, alongside optimism about clearer global crypto regulations. This achievement underscores Bitcoin's resilience and its continued appeal as a digital store of value.

CFTC Collects $17.1 Billion in Crypto Settlements
The U.S. Commodity Futures Trading Commission (CFTC) has reported a record $17.1 billion in settlements for 2024, bolstered by high-profile cases involving FTX and Binance. These enforcement actions highlight regulatory agencies' growing focus on holding major players accountable in the crypto space, furthering efforts to stabilize and legitimize the market.

Ethereum’s Shanghai 2.0 Update Brings Scalability Gains
The Ethereum Shanghai 2.0 upgrade is live, introducing enhancements aimed at improving scalability and reducing transaction latency. This update fortifies Ethereum's position as the leading blockchain for decentralized finance (DeFi) applications, addressing long-standing user concerns over network congestion and high fees.

XRP Surges Past Solana, Hits $2 for the First Time Since 2018

XRP has reclaimed its place among the top cryptocurrencies, reaching $2.50 and surpassing Solana to secure the fourth-largest market cap in the crypto space. This marks a significant milestone, as XRP hasn't seen such price levels since early 2018. Its market capitalization briefly exceeded $138 billion, putting it ahead of Solana, which holds a market cap of around $108 billion.

Disclaimer  

The information provided in NomadNews is intended for informational purposes only and should not be construed as financial, investment, or trading advice. While we strive to provide correct and up-to-date information, all content is based on current market conditions, which may change rapidly. We strongly recommend that readers conduct their own research and seek professional advice from a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies and related financial products carries inherent risks, and it may not be suitable for all investors. NomadNews does not assume any responsibility for any financial losses incurred based on the information presented. Any uncertainty about an investment should be addressed by contacting your financial broker or advisor. Please note that we are not financial advisors. 

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