The G20’s Financial Stability Board (FSB) has highlighted gaps in crypto regulation, raising concerns about its consistency and effectiveness, especially for stablecoins and cross-border transactions. This calls for potential harmonization or stricter rules from national regulators to navigate the evolving landscape of global crypto markets. Meanwhile, both Bitcoin and Ethereum have dipped below key support levels, causing a decline in the overall market cap, currently under $3.8 trillion. Technical indicators suggest this dip might be short-term, but it remains to be seen if it’s a pullback or a full-fledged reversal. Furthermore, Kraken has acquired Small Exchange, a prediction market platform, for $100 million, enabling the exchange to offer these markets in the U.S. This move signifies a growing trend of crypto firms venturing into prediction markets and event derivatives, blurring lines between finance, betting, and cryptocurrency. Lastly, Ripple is planning a $1 billion treasury to bolster its XRP holdings, signaling confidence in long-term potential and shifting from operational to token-centric strategy. This could impact market dynamics and overall XRP narrative.