Crypto Market Updates: SEC Shifts Stance on Crypto Assets, Mastercard Acquires BVNK

The US Securities and Exchange Commission (SEC) has announced a shift in its stance on crypto assets, stating that it will consider most of them as non-securities under federal law. This move is seen as a significant development in the regulatory landscape for cryptocurrencies.

Separately, Mastercard has agreed to acquire stablecoin infrastructure company BVNK for up to $1.8 billion, expanding its presence in blockchain-based payments. The acquisition includes contingent payments of up to $300 million and aims to strengthen Mastercard's ability to connect fiat payment rails with on-chain transactions.

In other news, US spot Bitcoin exchange-traded funds recorded their sixth consecutive day of inflows, totaling over $199 million. This follows a significant rise in the price of Bitcoin, which has increased by over 12% in recent days. The influx of capital into these ETFs is seen as a positive sign for the cryptocurrency market.

In related news, law enforcement agencies from the US, UK, and Canada have launched a joint operation to disrupt fraudulent schemes related to crypto, including 'approval phishing' scams that cost victims millions each year.