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Crypto Pulse Daily: Crypto on Edge as US–Iran Talks Intensify; AllUnity Launches MiCA-Ready CHF Stablecoin

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AllUnity, the Deutsche Bank-backed stablecoin platform, has launched CHFAU, the first Swiss franc stable token. The new digital currency, fully compliant with MiCA rules and backed 1:1 by Swiss franc reserves, is designed for institutional investors..

The crypto market is gearing up for a potential impact of the geopolitical tensions that are developing between the United States and Iran. This is coming as both countries are about to engage in talks regarding a deal before Trump’s deadline.

Jane Street news helped XRP climb 5.40 percent to $1.44  on Thursday. The token maintained firm support as early selling pressure weakened. Broader market sentiment improved after reports of the lawsuit surfaced. Traders linked the reaction to a suspected 10 a.m. Eastern selloff pattern seen repeatedly in recent weeks.

Dogecoin, Cardano, and Chainlink prices advanced sharply as the cryptocurrency market recorded a broad recovery. Total market capitalization climbed about 6.9% to $2.38 trillion over 24 hours. 

Market observers attributed the move to a large short squeeze and stronger risk appetite. Bitcoin rose by about 7%, and Ethereum price reclaimed above the $2,000 mark. Solana and XRP also performed well with decent returns in the session.