What happened in crypto this week: Market action and news you missed

Geopolitical tensions between Iran and Israel caused the crypto market to lose over 1 billion USD, with Ethereum dropping more than 10%. This uncertainty reflects ongoing volatility in the financial markets, including cryptocurrencies like Bitcoin.

The US Senate passed the GENIUS Act, marking progress in cryptocurrency legislation. Additionally, Coinbase’s listing of CAKE and other tokens, including SQD, with SQD reaching record highs, showcased the exchange’s significant impact on market visibility and asset performance.

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