Global regulators are assessing the need for additional measures to prevent complex crypto firms like FTX from destabilizing the financial system. 'Layer two' cryptocurrencies native to blockchain projects have seen a surge in popularity, driven by anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund. Singapore's central bank chief predicts that private cryptocurrencies will eventually exit the monetary scene, favoring central bank digital currencies and tokenized bank liabilities.

Crypto Regulation and Market Surge