Market Volatility Persists as SEC Postpones Ethereum Decision and China Strengthens Ties with Vietnam

Cryptocurrency markets remain highly volatile with ongoing strong news flow. Amid this hectic agenda, BTC currently finds buyers at $85,500. The SEC announced its decision regarding Ethereum $1,802 while China’s President made significant statements simultaneously.

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Ethereum issuers have applied to the SEC to activate the staking feature. In today’s decision, the SEC decided to postpone its ruling, signaling that a clear decision will be made in the future. The staking approval for ETH issuers, which could offer investors returns in ETH of 5% or more annually, may significantly increase demand for ETFs.

China and Vietnam Strengthen Economic Ties

Meanwhile, China and Vietnam signed 45 bilateral cooperation agreements. In a statement regarding Vietnam, a significant production hub for U.S. companies, the Chinese President remarked:

“Leaders of China and Vietnam should visit each other frequently like relatives. The Chinese market is always open to Vietnam.”

These comments, which feed concerns about anti-U.S. trade blocs, indicate that America must act swiftly to avoid losing its allies.