Crypto Market Struggles After Hawkish Fed Guidance: Biden's Campaign May Accept Crypto Donations

The cryptocurrency market, including Bitcoin, Ethereum, and Dogecoin, failed to sustain their recent uptrend following the Federal Reserve's hawkish guidance. Despite this, positive news emerged for the crypto sector as Joe Biden's campaign may accept crypto donations, echoing a move by Donald Trump's campaign. Meanwhile, Argentina's Senate approved pro-Bitcoin president Javier Milei's reform, although it faced violent protests. Other notable events include Circle's expansion of Web3 services to Solana, Terraform Labs and Do Kwon reaching a $4.47B settlement with the SEC, and a surge in memecoin prices led by Dogecoin, Pepe, and Bonk.