Global Regulation and Adoption

The European crypto landscape is evolving as KuCoin secured approval under the Markets in Crypto-Assets (MiCA) regulation, paving the way for the exchange to roll out its digital asset services across the continent. In a similar move toward broader adoption, Uzbekistan has announced plans for a major overhaul by 2026 that will legalize the use of stablecoins for payments and introduce tokenized stocks.

Meanwhile, regulatory discussions continue in the United States. Recent developments include the Securities and Exchange Commission (SEC) reportedly clearing Solana’s Fuse token. On the political front, former President Trump is said to be considering a more crypto-friendly candidate to lead the Federal Reserve.

Market Events and Analysis

A significant technical issue at the Chicago Mercantile Exchange (CME) resulted in a 10-hour trading halt that froze markets, leading to accusations of manipulation from some traders. The disruption highlighted vulnerabilities in traditional financial infrastructure interfacing with digital assets.

On the asset-specific front, the supply of XRP on the Binance exchange has fallen to record lows. This trend suggests a strong holding sentiment among investors, sparking analysis that a price breakout could be on the horizon. Adding to market speculation, a new artificial intelligence model from China has released long-term price predictions for major cryptocurrencies, including XRP, Solana, and Cardano, for the end of 2025.