From Cointelegraph

April 29, 2025 11:08:00 AM:

The UK Treasury and Chancellor propose new crypto rules to support innovation and crack down on fraudsters. Draft rules aim to regulate Bitcoin and Ether exchanges to protect residents from risky firms and scams. UK aims to become a global hub for digital asset technologies by aligning crypto activities with regulations.

Ian Silvera from CryptoUK welcomes UK government’s crypto legislation as a victory for the industry. However, he calls for regulatory clarity on liquid staking and DeFi. FCA plans to finalize crypto rules by 2026, paving the way for UK’s regulatory regime. EU has already started implementing its MiCA framework for crypto assets.

Read more at Cointelegraph.com

1. Bitcoin hits all-time high of $60,000, fueled by institutional interest and growing mainstream acceptance. Market cap surpasses $1 trillion as investors flock to the digital currency. Experts predict continued upward momentum as Bitcoin becomes more widely adopted.

2. Ethereum reaches new record high of $2,000, driven by decentralized finance (DeFi) boom and upcoming network upgrade. The second-largest cryptocurrency by market cap sees increased interest from retail and institutional investors seeking to capitalize on its potential.

3. Ripple’s XRP price surges by 50% following court ruling in favor of the company in its lawsuit against the U.S. Securities and Exchange Commission (SEC). Traders react positively to the news, pushing XRP to levels not seen since the SEC filed its complaint in December.

4. Dogecoin experiences massive price surge of over 800% in one week, driven by social media hype and celebrity endorsements. The meme-based cryptocurrency gains mainstream attention as retail investors flock to capitalize on its rapid price appreciation. Market analysts warn of potential volatility and suggest caution when trading.

5. NFT (Non-Fungible Token) market continues to boom, with sales exceeding $400 million in the first quarter of 2021. Digital art, collectibles, and virtual real estate dominate the NFT space as creators and investors embrace blockchain technology for unique ownership and monetization opportunities. Industry experts predict sustained growth in the NFT market.: UK gov’t proposes crypto rules in response to scams