Bitcoin reached new highs today as several more financial institutions announced plans to offer cryptocurrency services to their clients, further legitimizing digital assets.

Central banks from G7 nations announced a coordinated approach to central bank digital currency (CBDC) development, focusing on interoperability and privacy standards.

A major decentralized finance protocol experienced a security breach resulting in approximately $30 million worth of cryptocurrency being stolen, highlighting ongoing security challenges in the sector.

Cryptocurrency exchange Binance announced reduced withdrawal limits for users who haven't completed enhanced verification procedures, citing regulatory compliance requirements.

The U.S. dollar gained against major currencies after Federal Reserve officials delivered surprisingly hawkish comments about the future path of monetary policy.

The euro weakened against major peers after European Central Bank officials signaled a potential interest rate cut in September, acknowledging economic growth concerns.

The Japanese yen strengthened sharply against the dollar amid speculation that Japanese authorities intervened in the market to support the currency after reaching multi-decade lows.

Sterling gained against major currencies following stronger-than-expected UK employment data, which reduced expectations for aggressive Bank of England rate cuts this year.

The Australian dollar fell after Chinese manufacturing data came in below expectations, raising concerns about demand for Australian exports in its largest trading partner.

The Canadian dollar appreciated against the U.S. dollar as oil prices rebounded from recent lows, providing support to the commodity-linked currency.

The Swiss franc reached a multi-year high against the euro as investors sought safe-haven assets amid heightened geopolitical tensions and market volatility.

The Mexican peso weakened significantly after the country's central bank delivered a surprisingly large interest rate cut, signaling the beginning of a monetary easing cycle.

The New Zealand dollar strengthened after the Reserve Bank of New Zealand maintained a hawkish tone in its monetary policy statement, pushing back against rate cut expectations.

Emerging market currencies faced broad selling pressure as the U.S. dollar rally extended, raising concerns about dollar-denominated debt servicing costs for developing economies.