Trump Demands “Lightning Fast” Passage of GENIUS Act U.S. President Donald Trump has publicly urged the House of Representatives to pass the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) without delay. Following a 68–30 Senate approval, Trump took to Truth Social to say, “Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.” He described the bill as an “incredible” leap toward making America the “undisputed leader in digital assets.” Why the GENIUS Act Matters The GENIUS Act introduces a federal framework for dollar-pegged payment stablecoins, aiming to regulate the growing sector of blockchain-based digital…
Author: Blockto Team
The Federal Reserve’s decision to keep interest rates unchanged at 4.25%–4.50% has sent mixed signals to the crypto market. While many investors expected a pause, today’s confirmation reinforces a trend of monetary tightening that still looms large over digital asset prices. Rate Hold Brings Short-Term Stability With no surprise rate hike or cut, Bitcoin and Ethereum held steady in the hours following the announcement. BTC hovered above $104,000, while ETH remained resilient around $2,500. Markets had already priced in the Fed’s pause, but clarity helps reduce short-term volatility and risk sentiment. This monetary policy stability gives traders and institutions more…
Bitcoin-powered DeFi takes a major leap forward as Elastos, the developer of BeL2 protocol, unveils BTCD, a BTC-backed stablecoin aimed at creating a decentralized, Bitcoin-centered monetary system. A Digital Bretton Woods, Built on Bitcoin Elastos says its new project is inspired by the Bretton Woods system, the post-World War II agreement that pegged the U.S. dollar to gold. Now, the team is reimagining this model using Bitcoin, the world’s oldest and most secure digital asset. The Bitcoin Dollar (BTCD) is fully collateralized with Bitcoin and is intended to bring monetary stability to crypto markets by anchoring value to a trusted…
NEAR Protocol (NEAR) faced heavy selling pressure this week, plunging over 6% as rising tensions in the Middle East ripple through global markets. Despite short-term bearish sentiment, NEAR’s growing user base signals long-term strength. Price Volatility as Geopolitical Risks Mount The intensifying conflict between Iran and Israel has triggered a broader crypto market selloff, with NEAR showing notable sensitivity to global risk events. NEAR-USD traded between $2.219 and $2.085, with resistance forming around $2.18–$2.22 during peak selling hours. From 15:00 to 16:00, NEAR experienced high-volume selling, with trades totaling over 6.26M and 4.94M units, firmly establishing this resistance zone. Strong…
In a historic crackdown on crypto-related fraud, U.S. federal authorities have moved to seize over $225 million worth of cryptocurrency tied to global investment scams. Largest Crypto Seizure in Secret Service History The U.S. Attorney’s Office confirmed that a civil forfeiture complaint had been filed against the funds, calling it the largest crypto seizure ever conducted by the U.S. Secret Service. “$225.3 million linked to fraudulent investment schemes is being seized,” said a Secret Service spokesperson, highlighting the scale and coordination of the effort. The operation was carried out in collaboration with the Federal Bureau of Investigation (FBI) and utilized…
Ethereum (ETH) is showing remarkable resilience amid global market turbulence, defending the $2,500 support level despite geopolitical shocks from escalating Israel-Iran tensions. Analysts point to growing signs of bullish momentum forming under the surface. $2,500 Emerges as a Critical Technical Floor Over the past 24 hours, Ethereum traded within a 4.05% range, moving from $2,564 to a low of $2,455 before rebounding. This action was supported by strong trading volume around the $2,470–$2,500 zone, signaling solid buying interest and accumulation rather than distribution. The $2,500 level has successfully repelled multiple downside tests, reinforcing it as a key level for short-term…
In a significant development for the digital asset industry, the United States Senate has passed the GENIUS Act, paving the way for a federally recognized regulatory framework for stablecoins. What is the GENIUS Act? The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) aims to provide clear guidelines for issuing and managing USD-backed stablecoins. Proposed by Senator Bill Hagerty of Tennessee, the bill seeks to enhance the legal clarity and trust in stablecoin usage while encouraging innovation in the US digital economy. “With this bill, the United States is one step closer to becoming the global leader…
The Solana Policy Institute (SPI), a new Washington D.C.-based lobbying group, has submitted comprehensive legal frameworks to the U.S. Securities and Exchange Commission’s Crypto Task Force. Partnering with Phantom, Orca, and Superstate, SPI aims to enable compliant tokenized securities for U.S. markets. These frameworks propose a legal pathway for tokenizing traditional financial instruments like stocks, bonds, and funds on blockchain networks — making them more accessible, transparent, and efficient. Project Open: Redefining Capital Markets At the heart of this submission is Project Open, SPI’s regulatory framework designed to modernize U.S. capital markets using decentralized blockchain technology. “Project Open has the…
Hong Kong is strengthening its position as a global digital asset hub, unveiling major regulatory developments and citing growing momentum in stablecoin adoption. On June 18, the city’s Financial Secretary announced expanded support for blockchain innovation and clarified new regulatory pathways. Banking Activity Surges in 2024 According to official data, local banks handled HK$17.2 billion (US$2.19 billion) in digital asset transaction volume in 2024. Additionally, HK$5.1 billion (US$649.7 million) in crypto assets were custodied by year’s end — signaling significant institutional engagement. This increase highlights how deeply integrated crypto services are becoming in Hong Kong’s financial ecosystem. 10 Crypto Platforms…
June 18 marked a pivotal moment for global markets as Bitcoin, Ethereum, and Gold reached critical technical levels. Traders and analysts alike are preparing for potential breakouts—or breakdowns—that could shape the coming weeks. Bitcoin Must Break $106K to Confirm Bullish Continuation Leading analyst Michaël van de Poppe highlighted that Bitcoin (BTC) has recently reclaimed key liquidity after dipping near $102,000. BTC is now consolidating, forming higher lows—a bullish signal. However, van de Poppe emphasized that a clean breakout above $106,000 is crucial for the next leg of the bull market. “This would be the big signal for the next bull…