Ethereum (ETH) outperformed Bitcoin, which peaked at $106,000 despite regulatory challenges as European Union states will not hold Bitcoin reserves, as stated by Lagarde. Gold also reached an all-time high, and Michael Saylor graced the cover of Forbes. Other notable developments included South Dakota proposing two Bitcoin reserve bills and Tether integrating with Bitcoin's Lightning network, coinciding with a surge in stablecoin market capitalization past $200 billion. MicroStrategy is anticipated to exceed its capital raise targets according to Mizuho, while Coinbase is seeking CFTC approval to offer Solana (SOL) futures. Kraken has resumed crypto staking in 39 states, and Apollo launched a tokenized private credit fund. Notably, Grayscale has filed to convert its XRP trust to an ETF, showcasing ongoing movements in the cryptocurrency ecosystem.

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