The Digital Asset Basic Act is stalled as regulators clash over who should be allowed to issue won-pegged stablecoins, extending uncertainty in one of Asia’s most active crypto markets.
The filing marks the first attempt to bring TAO, Bittensor’s native token, to U.S. markets through a regulated investment product.
Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market.
Aptos (APT) was also a top performer, up 3.1% from Monday.
U.S. market structure legislation is poised to be the dominant force for digital assets, while near-term concerns about quantum computing are overdone.
Aptos’ APT delines on below average volume
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The token has support at the $1.69 level and resistance at $1.80.
Cantor Fitzgerald sees early signs of a new crypto winter, but one that’s less chaotic, more institutional, and increasingly defined by DeFi, tokenization and regulatory clarity.
Tom Lee’s publicly traded miner and treasury firm said it now controls more than 3% of ether’s total supply and is accelerating staking plans.
Cardano (ADA) was also a top performer, gaining 4.2% from Friday.
Currently at $1.84, DOT has support at the $1.83 level and resistance at $1.88.
Hegota will follow “Glamsterdam,” Ethereum’s next major upgrade, which is currently expected to roll out in the first half of 2026.
Altcoins posted broader gains in quiet Sunday trading as bitcoin held a tight range near $88K and analysts weighed crypto against the surge in precious metals.