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The dominance rate of Bitcoin in the digital asset market rose to 51.2% on Tuesday, approaching its highest level in 26 months of 52% in June. Bitcoin has experienced a 66% gain year to date, surpassing the second largest cryptocurrency, ether, which gained 32%. Experts attribute ether's underperformance to a recent increase in its supply and decreased transaction activity on the Ethereum network, resulting in less burning of ether and an overall increase in supply. Bitstamp, a well-established cryptocurrency exchange, is in discussions with three major European banks to facilitate their entry into the crypto services industry by early next year. This development reflects a more favorable environment for traditional financial institutions to venture into digital assets in the European Union compared to the stricter regulatory approach taken by the United States. Legal proceedings involving Sam Bankman-Fried and FTX co-founder Gary Wang center around the former's request to question Wang about his reliance on legal advice when accepting loans from Alameda Research, a linked hedge fund. The trial has entered its second week, with prosecutors investigating Wang's handling of the significant loan he received from Alameda. Meanwhile, Federal Reserve officials have expressed concerns about the impact of rising yields on longer-term government bonds on the central bank's ability to raise interest rates.