In a 68-30 vote, the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after it was introduced. Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged members of Congress to support the bill, echoing many of US President Donald…
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Key points: Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level. ETH and HYPE are leading the altcoin charge. Bitcoin (BTC) has been holding near the $110,000 level, just short of the all-time high of $111,980. That suggests the bulls are holding on to their positions as…
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Key takeaways: A unique divergence emerged as long-term Bitcoin holders took profits, while the overall supply held by this cohort continues to rise. Bitcoin’s volatility has dropped to the 10th percentile, its lowest range in a decade, despite prices trading near all-time highs. Bitcoin (BTC) price is hovering just a few percent below its all-time…
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The recent departure of a high-ranking US consumer protection regulator comes amid concerns that market participants, including crypto holders, are being left to fend for themselves. On June 10, Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau (CFPB), reportedly resigned with a scathing letter criticizing President Donald Trump’s administration, namely the “thoughtless”…
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Brian Quintenz declined to say whether he supports maintaining a bipartisan balance at the Commodity Futures Trading Commission during a Senate nomination hearing on Tuesday, avoiding a key question from lawmakers weighing his potential return as chair. Quintenz, a former commissioner at the Commodity Futures Trading Commission (CFTC) and US President Donald Trump’s nominee to…
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Opinion by: Dr. K, co-founder of Quai Network While Bitcoin was intended to enable people to opt out of state-centralized money systems, the blockchain industry has since lost its way. Today, we see the threat of government overreach along with blockchain solutions that prioritize scalability and performance over decentralization. The rise of networks like Ethereum…
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A growing number of publicly listed companies is announcing plans to add Bitcoin (BTC) to their corporate treasuries, and the trend is beginning to raise eyebrows. In the 30-day span to June 11, at least 22 entities added Bitcoin as a reserve asset, according to BitcoinTreasuries.net. The buying spree was popularized by Strategy (formerly MicroStrategy),…
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Crypto adoption is accelerating under the Trump administration. The United States has emerged as a central force in shaping the crypto market, both from the standpoint of regulation and macroeconomics. The crypto market has begun moving along with US stock markets, reflecting growing institutional participation and sensitivity to macroeconomic conditions. In its latest report, HTX…
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Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal. The world’s largest trading economies have nearly finalized their trade agreement, according to a June 11 post on Truth Social by US President Donald Trump. “Our deal…
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Connecticut lawmakers unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets. The House Bill 7082, titled “An Act Concerning Various Revisions to the Money Transmission Statutes, State Payments and Investments in Virtual Currency […],” received bipartisan support and was signed into law on Tuesday. The bill…
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