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Tag: News

Crypto Market Surges as GENIUS Act Advances, Trump Backs Stablecoin Legislation

Crypto Market Surges as GENIUS Act Advances, Trump Backs Stablecoin Legislation

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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...

Front page, News, Stablecoins

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U.S. Senate Passes GENIUS Act to Regulate Stablecoins

U.S. Senate Passes GENIUS Act to Regulate Stablecoins

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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...

Crypto regulation, Front page, News, Stablecoins

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Geopolitical Jitters Hit Crypto

Geopolitical Jitters Hit Crypto: How Israel-Iran War Fears Impact Bitcoin and Beyond

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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:...

Bitcoin, Cryptocurrencies, Ethereum, Front page, News

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Solana ETF Approval Odds Surge to 91% as SEC Signals Potential Summer Green Light

Solana ETF Approval Odds Surge to 91% as SEC Signals Potential Summer Green Light

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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...

Front page, News, Solana

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World Liberty Financial Debuts $USD1 Stablecoin on TRON Network

World Liberty Financial Debuts $USD1 Stablecoin on TRON Network

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World Liberty Financial has officially launched the $USD1 stablecoin. The new coin is built on the TRON blockchain, known for low fees and fast settlements. $USD1 is fully backed 1:1 by U.S. dollars, held in regulated U.S. bank accounts. Aims to provide a stable digital dollar for global remittances, payments, and trading. Part of a trend of rising stablecoin adoption, especially in emerging markets. World Liberty...

Front page, News, Stablecoins

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