Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: Matt Huang of Paradigm said crypto is at a mainstream tipping point due to the emergence of regulated investment products, the US Commodity Futures Trading Commission (CFTC) issued guidance on tokenized collateral in derivatives markets, and BlackRock filed for regulatory approval to launch a staked Ether exchange-traded fund in the US.
The cryptocurrency industry is approaching its “Netscape moment,” as steady progress in blockchain infrastructure and the rise of regulated investment products drive a new wave of institutional adoption, according to Paradigm co-founder Matt Huang.
The crypto sector is “facing its ‘Netscape’ or ‘iPhone’ moment,” Huang wrote Sunday in a post on X. “It’s working bigger than ever before, far beyond our wildest dreams. Both the institutional parts and the cypherpunk parts.”
