Crypto majors are on the rise as XMR hit a new all-time high (ATH) of $680, now at $640, following a wave of positive momentum. DASH surged by 60%, IP rose by 30%, and XMR's 13% increase highlights the shifting landscape. Bitcoin (BTC) climbed 1.5% to $92,000, while Ethereum (ETH) and XRP also gained ground. The backdrop includes gold and silver reaching new ATHs amid the Powell investigation.

In regulatory news, the US Senate has put forth the draft Crypto Market Clarity Act, which proposes limits on stablecoin rewards. Senator Warren has taken a firm stance, urging the SEC to reconsider the inclusion of crypto in 401ks, citing risks for retirees. Vitalik Buterin has added to the conversation, emphasizing the need for improved decentralized stablecoins to mitigate governance capture and inflation risks.

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World Liberty Financial is entering the market with a new crypto lending platform tied to its USD1 stablecoin, reportedly attracting around $20 million. Meanwhile, BitGo's IPO filing targets a valuation of approximately $2 billion, bolstered by custody assets surpassing $100 billion. In a more contentious development, Tennessee regulators have ordered Polymarket, Kalshi, and Crypto.com to cease their sports prediction markets and refund users, contributing to a growing multi-state legal battle.

As optimism reigns across the crypto landscape, the implications of these developments could reshape investor strategies and regulatory approaches as the market continues to evolve.