Monero Hits Record High as Crypto Majors Stay Green

The crypto market is showing positive momentum today as major assets see modest gains. Bitcoin is trading at 92,000, Ethereum sits at 3,130, and Solana has climbed to 142. While the majors are steady, privacy coin Monero is stealing the spotlight after hitting a new all time high of 680 earlier today.

Regulatory activity is heating up alongside these price moves. The US Senate has released a draft of the Crypto Market Clarity Act which suggests new limits on stablecoin rewards. Meanwhile, Senator Elizabeth Warren is challenging the SEC regarding crypto inclusion in retirement accounts. In other news, BitGo has officially filed for a US IPO with a target valuation of 2 billion after reporting over 100 billion in custody assets.

On the platform front, World Liberty Financial just launched a new lending protocol that has already pulled in 20 million. At the same time, state regulators in Tennessee are cracking down on betting platforms. They ordered Polymarket, Kalshi, and Crypto.com to stop offering sports prediction markets and process user refunds, signaling a growing legal battle across multiple states.

Looking ahead, traders are paying close attention to comments from Vitalik Buterin, who is calling for more decentralized stablecoin options to avoid risks like inflation and governance capture. As gold and silver also reach record highs, the market remains reactive to both macroeconomic signals and shifting rules in Washington.