Major cryptocurrencies were trading in the negative early on June 9, as the global crypto market cap fell 2.65% to $1.23 trillion on the previous day. Over the last 24 hours, the overall crypto market volume increased by 21.76 percent to $67.03 billion.

The overall volume in Defi was $7.02 billion, accounting for 10.48 percent of the total 24-hour volume in the crypto market. The overall volume of all stable coins was $57.81 billion, accounting for 86.23 percent of the entire 24-hour volume of the crypto market.

According to CoinMarketCap data, Bitcoin’s price was hovering around Rs 24.64 lakh with a dominance of 46.54 percent, a 0.32 percent fall over the previous day.

According to CFTC Commissioner Summer Mersinger, cryptocurrency innovators and US lawmakers are leaning toward placing the Commodity Futures Trading Commission in charge of regulating digital currencies.

The designation would broaden the CFTC’s mission to monitor agricultural, energy, and financial options markets, as well as open the door for the agency to regulate non-fungible tokens or NFTs.

Separately, the CFTC is looking at how carbon trading markets work to use them for hedging and risk management.