Hungary is promoting a legislative proposal, which was proposed by the Hungarian Ministry of Economy, to establish a digital asset regulatory framework with the Hungarian central bank as the main regulatory agency and support banks, investment funds, and asset management The company can provide Bitcoin and other cryptocurrency services. If this bill is passed, it will be a significant step forward in allowing traditional financial institutions to incorporate encryption services. Once the bill is approved, the relevant laws are expected to take effect on June 30.

Charles Hoskinson, the founder of Cardano, publicly supported John Deaton in his Senate campaign against Elizabeth Warren, which has sparked optimism among cryptocurrency enthusiasts. Deaton is known for his defense in the Ripple vs. SEC lawsuit and represents a pro-cryptocurrency stance in contrast to Warren's anti-cryptocurrency rhetoric.

According to CoinGecko data, the total market value of cryptocurrencies has reached 2.42 trillion US dollars, with a 24-hour decrease of 1%. In addition, BTC has a market share of 50.5%, and ETH has a market share of 17%.

The total market value of cryptocurrency has surpassed 2.4 trillion US dollars, currently at 2,416,302,003,125 US dollars, with a 24-hour trading volume of 155,367,561,909 US dollars. The current market value of BTC is 1,218,836,072,263 US dollars, and the market value of ETH is 410,109,836,041 US dollars.

Three major US stock indexes collectively opened lower, with the Dow Jones Industrial Average falling 0.17%, the Nasdaq falling 0.41%, and the S&P 500 falling 0.26%. Bitcoin broke through $60,000, and stocks related to cryptocurrency rose collectively, with MicroStrategy and Canaan Technology rising more than 9%, Marathon Digital rising more than 6%, and Coinbase rising more than 5%. Beyond Meat rose nearly 50%, with fourth-quarter earnings last year exceeding market expectations.

The data shows the current total market value of cryptocurrencies has exceeded $2.3 trillion, currently at $2,310,902,489,515, with a 24-hour increase of 2.8% and a 24-hour trading volume of $131,640,496,087. Currently, the market value of BTC is $1,157,248,839,516 and the market value of ETH is $397,366,071,000.

The US stock market opened mixed, with the Dow Jones falling by 0.07%, the Nasdaq rising by 0.24%, and the S&P 500 rising by 0.14%. Bitcoin rose above $57,000 today, reaching a new high since December 2021. Cryptocurrency-related stocks rose collectively, with MicroStrategy and Marathon Digital rising by nearly 9%, and Coinbase rising by nearly 6%.

Deutsche Börse Group's foreign exchange trading platform, 360T, announced its partnership with Wintermute Asia and Crypto Finance to launch non-deliverable forward (NDF) products for cryptocurrencies. The platform has successfully completed its first trade. The initial launch of the cryptocurrency NDF product will support Bitcoin (BTC) and Ethereum (ETH) and will utilize the existing over-the-counter foreign exchange (OTC FX) workflow to help its diverse global customer base adopt these new products smoothly. By trading cryptocurrency NDF on 360T, customers can invest in underlying cryptocurrencies without actually holding them and can hedge existing cryptocurrency risks on a regulated platform.

The ruling party in South Korea has begun pushing for a two-year delay in the implementation of the cryptocurrency capital gains tax as part of its election promise for the upcoming April elections. Local media, "Pioneer Business Daily," reported that the party believes that taxation of cryptocurrencies is only possible after establishing this basic framework. A representative of the party also emphasized that the tax base has not yet been determined. The official explained that, unlike stock exchanges, no entity is authorized to supervise cryptocurrency transactions. The party believes that it will take two years to establish such a system. The ruling party official also said that taxes should protect the country's property and life, and pointed out that some aspects of the government have "ignored" the cryptocurrency market so far. It is reported that the implementation of this tax has been delayed several times. The initial plan was to implement the tax in 2022. However, lawmakers reached an agreement to delay the implementation of the tax until 2023, citing flaws in the information collection process carried out by the National Tax Service (NTS). In July 2022, government officials announced another two-year delay in the implementation of a 20% cryptocurrency capital gains tax. This time, lawmakers mentioned the stagnant market conditions in the cryptocurrency field and the need for time to prepare investor protection measures.

US Congressman Tom Emmer stated in a post that today, I asked the Treasury Secretary of FinCEN and OFAC about The Wall Street Journal's report on Hamas' digital asset fundraising activities. Deputy Secretary of State Nelson publicly confirmed that The Wall Street Journal's data is inaccurate, and cryptocurrency is not even a popular tool for Hamas terrorists.