Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, crypto stocks surged after US President Trump and US regulators forged ahead with their crypto support. The nomination of Kevin Warsh as chairman of the US Federal Reserve has been officially sent to the US Senate for confirmation, and in a first for the crypto industry, Kraken’s banking unit gained access to the Fed’s payment system, Fedwire, with a limited-access master account.

Crypto-related stocks surged in the trading session on Wednesday, as pro-crypto US presidential commentary pushed up Bitcoin and the broader crypto market.

Alongside a rise in the cryptocurrency market, Bitcoin treasury company Strategy spiked by more than 10%. Crypto exchange Coinbase registered a more than 14% gain, while miners Hut 8 clocked 13.89%, and American Bitcoin Corp rose 11.65%.

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