The U.S. Senate passed the GENIUS Act, a landmark bill to regulate stablecoins, with strong bipartisan support (68-30 vote).
The act aims to establish a clear regulatory framework for stablecoins, requiring 1:1 backing by liquid assets and monthly disclosures.
Major crypto-related stocks, including Coinbase (COIN), Circle (CRCL), and SRM Entertainment (SRM), saw significant surges following the news.
President Donald Trump publicl…
In a landmark move for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act (S.1582) on June 17, 2025, with a decisive 68-30 vote, establishing the first comprehensive federal framework to regulate stablecoins—digital currencies like Tether (USDT) and USD Coin (USDC) designed to maintain a stable value, typically pegged to the U.S. dollar. The legislation, which cleared a procedural hurdle on June 11 with a 68-30 vote, aims to enh…
Reverse Merger Announced: Tron will go public in the U.S. through a reverse merger with SRM Entertainment, rebranding as Tron Inc.
Financial Details: The deal includes a $100M equity investment, potentially rising to $210M with warrants, to buy TRX tokens for a crypto treasury.
Market Impact: TRX surged 2–10% to $0.287–$0.29, with SRM’s stock soaring 533.79% on June 16, 2025.
Key Players: Justin Sun will advise Tron Inc., with Dom…
Market Plunge: The crypto market shed 7% of its value, falling to $3.3 trillion, after Israel’s airstrikes on Iran on June 13, 2025.
Key Declines: Bitcoin BTC dropped 5% to $103,464, Ethereum ETH fell 10% to $2,471, and altcoins like Solana SOL saw losses up to 11%.
Liquidations Surge: $1.2 billion in crypto positions were liquidated as investors shifted to safe-haven assets like gold and U.S. Treasuries.
Geopolitical Driver: Fear…
Soaring ETF Approval Odds: Prediction market Polymarket shows a staggering 91% probability for a spot Solana Exchange-Traded Fund (ETF) approval by the end of 2025, reflecting a massive surge in positive market sentiment.
SEC Signals Progress: The U.S. Securities and Exchange Commission (SEC) has reportedly asked potential Solana ETF issuers to submit updated S-1 filings, a move widely interpreted as a sign of an accelerated review proc…
