Market Watch: Major developments in the crypto space today. VanEck has released a bold projection, forecasting Bitcoin could reach $2.9M by 2050, with adoption as a global trade currency and inclusion in central bank reserves serving as key catalysts for this long-term growth. On the regulatory front, the CFTC has taken a significant step by issuing a no-action letter to Bitnomial, effectively clearing regulatory hurdles for the exchange to expand its operations. These moves underscore growing institutional confidence and regulatory clarity in the digital asset ecosystem.