The cryptocurrency market has drifted lower recently, with the Fear & Greed Index shifting back into the ‘Fear’ territory. After experiencing a rally following the Federal Open Market Committee (FOMC) meeting, Bitcoin is currently witnessing profit-taking, leading to a decrease in its price. Regulatory and market developments include Trump’s remarks on the U.S. dominating the crypto and fintech sectors, and the SEC asserting that crypto mining does not violate current laws. The SEC's crypto task force is set to host a roundtable discussion, and the New York Stock Exchange has filed to enable staking for Bitwise’s ETH ETF. In additional news, PumpFun has announced the launch of its Decentralized Exchange (DEX), signaling ongoing innovation in the DeFi space. Market reactions indicate a cautious sentiment as new regulations emerge, and institutions appear increasingly focused on integrating blockchain technology into their operations.

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