Bitcoin rebounds to $111,000 level as Wall Street rallies: CNBC Crypto World

Market Overview - Bitcoin rose nearly 2.5% to trade at $111,000, while Ether gained over 0.5% to cross the $4,000 mark, indicating a recovery from last week's selloff [2][3] - The Salana Soul token, however, experienced a decline, dipping to $190 [2] Regulatory Developments - Former New York Governor Andrew Cuomo announced plans to position New York City as a crypto hub, including the establishment of a chief innovation officer role focused on emerging technologies [4][5] - The crypto advisory committee will aim to modernize regulations to protect consumers and foster responsible innovation [5] Company News - Coinbase faced access issues due to an Amazon Web Services outage but reported that user funds remained safe, with shares up 4.3% [6][7] - Gemini launched a new credit card that allows users to earn up to 4.5% back in the form of the Salana Soul token, alongside existing offerings that reward with Bitcoin and XRP [7][8] Product Features - The new Salana-focused credit card includes autostaking features, enabling customers to earn additional rewards [9][10] - Customers have responded positively to the credit card offerings, with a referral program allowing users to earn $50 for each successful referral [13][11] - The card has no annual fees or foreign transaction fees, making it appealing to new crypto users [17] Market Expansion - Gemini is expanding into Australia, indicating a strategic move to tap into growing markets in the region and Europe [18]