Today in crypto, exchange trade groups are collaborating with global regulators aiming to limit the growth of tokenized stocks, which they claim expose investors to significant risks without adequate protections. Simultaneously, Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly raising $1 billion to create a treasury dedicated to Solana, backed by the Solana Foundation. In market developments, Bitcoin fell sharply to $112,174, largely attributed to a sale of nearly $2 billion by Bitcoin whales, impacting market dynamics. Analysts highlighted that the selling activity of long-term holders has made it more challenging for new capital to boost Bitcoin's price, as significant funds are required to offset the selling pressure. Bitcoin's drop was accompanied by a 4% fall in Ether, though both cryptocurrencies managed some recovery after the initial declines.

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