Bitcoin reclaimed $72,800 in the past twenty-four hours as a reported US-Iran ceasefire eased geopolitical pressure across global risk assets — and the crypto market responded immediately. Combined with over $350 million in fresh ETF inflows, the king coin pushed back toward the $73,000 level with renewed momentum. But the price action was only one piece of a much larger story today. Hong Kong made regulatory history by issuing its first-ever fiat-backed stablecoin licenses, Morgan Stanley officially launched its Bitcoin ETF, and crypto startups opened the second quarter by pulling in $76 million in funding in a single week. Read the full breakdown to get every signal that moved the market today.

Morgan Stanley is intensifying Bitcoin ETF competition with a 0.14% fee, Canada is moving to ban crypto campaign donations, and XRP Ledger activity is surging. Here is what these developments mean for the broader crypto market.