The cryptocurrency market is witnessing notable gains, with Bitcoin climbing 1.5% to reach $92,000. Ethereum has also seen a 1% uptick, now priced at $3,130, while Solana increased by 2% to $142. XRP rose by 1% to $2.06. Among the standout performers, DASH skyrocketed by 60%, IP surged by 30%, and Monero achieved a new all-time high (ATH) of $680, although it is currently trading around $640. In parallel developments, gold and silver have also reached new ATHs amid the ongoing investigation into Federal Reserve Chair Jerome Powell. The U.S. Senate has proposed the Crypto Market Clarity Act, which seeks to impose restrictions on stablecoin rewards. Senator Elizabeth Warren has urged the SEC to evaluate the risks associated with allowing cryptocurrencies in 401(k) retirement plans, emphasizing potential dangers for retirees. Noteworthy figures in the crypto space, such as Vitalik Buterin, have raised concerns about the need for better decentralized stablecoins, citing governance issues and inflation risks. Additionally, World Liberty Financial has launched a crypto lending platform linked to its USD1 stablecoin, successfully garnering around $20 million in investments. In corporate news, BitGo has filed for a U.S. initial public offering (IPO) with an anticipated valuation of approximately $2 billion, following an impressive growth in its custody assets, which have surpassed $100 billion. Meanwhile, regulators in Tennessee have ordered Polymarket, Kalshi, and Crypto.com to halt operations in sports prediction markets and refund their users, escalating legal challenges across various states.