WCT Crypto Price

Mutuum Finance's Rapid Growth: Mutuum Finance (MUTM) has quickly gained traction as a low-cap cryptocurrency, raising nearly $9 million and attracting over 11,000 holders before its public trading launch, with its token price already doubling from $0.025 to $0.03.

User-Focused DeFi Platform: The platform offers practical features like interest-bearing mtTokens and plans for an overcollateralized stablecoin, appealing to both seasoned crypto users and newcomers, while also attracting significant investment from major crypto backers.

SEC Delays on Fidelity's ETF Proposal: The U.S. SEC has paused Fidelity's request for "in-kind redemptions" in its proposed Bitcoin and Ethereum ETFs, a feature that could lower costs and tax burdens for investors. Other firms like BlackRock and VanEck are also awaiting similar approvals.

Future of In-Kind Redemptions: While the SEC has delayed decisions on various crypto ETF proposals, industry experts believe it may eventually approve in-kind redemptions later this year, potentially enhancing ETF operations and attracting larger investors.

Mersinger's Departure: Summer Mersinger, a CFTC member, is leaving the commission to join the Blockchain Association, believing he can better influence stablecoin regulation and market structure from this new position.

CFTC's Role in Crypto Regulation: Mersinger emphasized the CFTC's unique authority over the crypto spot market and its potential to oversee international markets, while also noting that cryptocurrency futures products may soon begin trading in the US.

Cardano's Performance: Cardano (ADA) is currently trading at $0.797, showing a 40% price increase over the past year and maintaining its status as a leading blockchain for smart contracts and decentralized applications, bolstered by innovations like the Hydra scaling solution.

Ruvi AI's Growth Potential: Ruvi AI has launched a decentralized AI superapp that combines advanced AI with blockchain technology, achieving significant presale success and offering lucrative investment opportunities, while also rewarding top contributors with substantial bonuses.