Algorand Foundation returns to the US, appoints new board for strategic blockchain initiatives

Bitnomial has launched the first-ever U.S.-regulated futures market for Aptos, a significant milestone that could enhance institutional adoption of blockchain technology and pave the way for future cryptocurrency exchange-traded funds (ETFs). This launch marks a critical development in the evolving landscape of cryptocurrency trading in the United States.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the Zcash Foundation, which was initiated in 2023 following a subpoena regarding certain crypto asset offerings. This decision marks the end of scrutiny for the privacy-focused cryptocurrency, Zcash.

Bitcoin's price has surged past $97,000, reaching $97.3K, which has contributed to an increase in the overall cryptocurrency market cap to $3.34 trillion. This rally is accompanied by Polymarket odds indicating a 72% chance of Bitcoin hitting the $100,000 mark within the month.

The Sui mainnet has experienced a significant network stall, which halted all on-chain activity for six hours, leaving validators unable to process transactions. This disruption raises concerns about the reliability of the Sui blockchain and its infrastructure.

Solana has publicly criticized Ethereum's Layer 2 solution, Starknet, highlighting a significant disparity between its high valuation and low user activity. This critique raises concerns about the sustainability of such valuations in the cryptocurrency market.

Bitcoin's price surged to $97,000, marking an eight-week high, despite the backdrop of high producer price inflation and the absence of a US tariff ruling. This increase diverges from the trends observed in US stock markets, which have shown mixed signals amid economic data releases.

The cryptocurrency market is experiencing a notable surge, with Bitcoin, Ethereum, and Dogecoin seeing significant price increases. This uptick follows the release of positive US economic data, highlighting improvements in unemployment and consumer spending, alongside potential regulatory changes from a proposed bill.

Rhode Island lawmakers have proposed a bill to eliminate taxes on small Bitcoin transactions, aiming to exempt payments up to $20,000 annually from state income and capital gains taxes. This initiative is seen as a significant step towards enhancing local cryptocurrency adoption.