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XRP saw a 5.4% drop and landed at $2.35. Solana (SOL) closed at $138.17 after a 3.4% shift. Crypto.com Coin (CRO) fell 2.1% to $0.08. Meanwhile, Binance Coin (BNB) also had a quiet day, hovering at $596.75.
In a broader context, Crypto.com Coin (CRO) spearheaded a rally in the crypto market, surging 15% over the past seven days.
Overall, the market reflected bearish sentiment, as multiple assets decreased in value.
The German Federal Financial Supervisory Authority (BaFin) has issued a warning regarding Timebtc Group, which is offering financial, investment, and cryptocurrency services without the necessary authorization.
The Comisión Nacional del Mercado de Valores (CNMV) announced it had issued warnings about unregistered financial and crypto entities operating without proper authorization.
The Autorité des Marchés Financiers (AMF) has announced its adherence to the European Banking Authority's (EBA) guidelines on restrictive measures for crypto-asset service providers, aimed at combating money laundering and terrorism financing.
HM Treasury announced the 2023–24 Supervision Report on anti-money laundering (AML) and counter-terrorist financing (CTF), highlighting the Financial Conduct Authority's (FCA) oversight of UK crypto firms since 2020.
Member of the European Parliament (MEP) Stefan Berger has urged the Trump administration to align its policies with Europe's Markets in Crypto-Assets (MiCA) standards.
Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), has described the call by the European Stability Mechanism (ESM) Managing Director to revise the Markets in Crypto-Assets (MiCA) regulation as "premature."
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