Crypto Market Sees Slight Growth Amid Regulatory Updates
The crypto market has been experiencing significant changes in recent days. The Total Crypto Market Cap rose by 0.84% to $2.62T, while the Total Market Trading Volume increased by 17.81% to $72.12B.
The Fear and Greed Index stands at 22.00%, indicating a neutral sentiment among investors. Meanwhile, the Altcoin Season Index reached 33.33%, suggesting that altcoins may be gaining traction.
In terms of industry updates, the SEC has granted a five-year Innovation Exemption to tokenized securities venues, allowing them to trade NMS stocks on-chain via permissioned AMMs. This move has boosted ONDO and RWA-related tokens by 10% each.
The CFTC has also issued industry-wide no-action relief for passive software providers, shielding non-custodial wallet developers from broker registration. As a result, UNI surged by 16% and HYPE by 10%.