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Nayib Bukele, the President of El Salvador, began his second term with a pledge to tackle the nation's economic challenges with the same determination he displayed in combating gang violence during his first term. Despite controversy surrounding his re-election, Bukele, who won with over 80% of the vote, aims to heal the country's economic "ailments".

Since the approval of spot Ether exchange-traded funds (ETFs) in the United States on May 23, over $3 billion worth of Ether (ETH) has been withdrawn from centralized crypto exchanges.

According to crypto trader Peter Brandt, Bitcoin (BTC) is currently experiencing a downturn, with its price at $68,589. Brandt suggests that based on the trajectory of previous post-halving bull markets, Bitcoin could potentially peak between $130,000 to $150,000 in late August to early September.

The notable play-to-earn cryptocurrency token, Notcoin (NOT), remains a magnet for investors due to its remarkable price surge. Despite the crypto market maintaining stability, NOT's significant rise has garnered attention from traders, indicating robust buying activity.

Hong Kong, a prominent financial center increasingly interested in cryptocurrency, is witnessing significant regulatory changes. The Securities and Futures Commission (SFC) has taken decisive action, compelling unlicensed crypto enterprises to leave the market and imposing stricter regulations on those applying for licenses.

A crypto trader has gained attention in the cryptocurrency market for their significant gains within the decentralized finance (DeFi) sector. This trader managed to accumulate over $1.4 million in unrealized profits by trading the meme coin PEW on the Ethereum (ETH) network.