In recent News, the U.S Credit Unions has joined Banks in rejecting reward payment for users holding stablecoins. Elsewhere, crypto traders await U.S inflation data report that could boost the purchase of bitcoin (BTC).

Senate Lawmakers has released an update draft on the early Tuesday morning, thereby prohibiting digital assets service providers from paying any form of interest for those holding stablecoins.

Many analysts are optimistic that acceptance of the bill into law will likely catalyze a new record high for bitcoin and the wider market. According to Samer Hasn, a senior market analyst at XS.com pointed out that traders are holding back and they are more optimistic in the coming days.