In recent crypto news, the German government's decision to sell its 50,000 Bitcoin in summer 2024 has led to a significant loss of potential profits, totaling over $2.3 billion, as analysts noted that Bitcoin prices have surged since the sale. Meanwhile, the US Senate moved forward with the GENIUS Act, a pivotal bill regulating stablecoins, garnering votes to advance it for further debate despite earlier opposition arising from concerns regarding conflicts of interest tied to President Trump. Additionally, Ripple announced the launch of cross-border payment services in the UAE through partnerships with Zand Bank and Mamo, positioning itself to enhance crypto adoption in the region as it explores digital currency initiatives. These developments indicate ongoing shifts and challenges within the crypto landscape.

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