📰 News and Market Updates 📰

Ripple's CEO, Brad Garlinghouse, is advocating for a diversified U.S. crypto reserve, suggesting it should include multiple tokens beyond just $BTC. This could potentially lead to increased adoption and recognition of alternative cryptocurrencies, and may put pressure on regulators to reevaluate the composition of a potential U.S. crypto reserve.

$XRP is currently trading at $3.12 with a market cap of $179.99 billion, seeing a 5.30% increase in price over the past 24 hours.

Meanwhile, KuCoin has pleaded guilty to DOJ charges and will pay a nearly $300 million fine for its involvement in laundering billions of dollars from darknet markets. This may lead to increased regulatory scrutiny and potentially decreased investor confidence in KuCoin.

$BTC is currently trading at $102,920 with a market cap of $2.04 trillion, seeing a 2.53% increase in price over the past 24 hours.

Watching the regulatory landscape closely, as it may have a significant impact on the market.