24H Hot Currencies and News | The U.S. Senate will hold a final vote on the GENIUS Act in the early morning of the 18th; JPMorgan Chase may launch a stablecoin service (June 17)

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1. CEX Popular Cryptocurrencies

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • ETH: + 1.40%

  • BTC: + 1.64%

  • SOL: -0.18%

  • XRP: + 3.74%

  • TRX: + 0.18%

  • PEPE: -4.62%

  • DOGE: -0.90%

  • SUI: + 0.35%

  • UNI: + 6.55%

  • ALT: + 37.23%

24H Gainers List (Data Source: OKX):

  • ZKJ: + 98.08%

  • MAGIC: + 25.19%

  • SNT: + 22.96%

  • RUNECOIN: + 10.46%

  • ZBCN: + 8.55%

  • PENDLE: + 8.19%

  • DEGEN: + 7.41%

  • FOXY: + 7.33%

  • COMP: + 6.83%

  • UNI: + 6.58%

2. Top 5 On-Chain Meme Coins (Data Source: GMGN):

  • CRYPTO

  • USDT

  • SNAI

  • VIBE

3. 24H Hot Search Cryptocurrencies

Irancat, a Meme coin combining an internet-famous cat with recent Iran-Israel conflict;

JPMD, a Meme coin centered on JPMorgan's trademark application.

Headline News

US Senate to Hold Final Vote on GENIUS Act at 4:30 AM

According to crypto journalist Eleanor Terrett and Senate Cloakroom, the US Senate will hold a final vote on the GENIUS Act (S.1582) at 4:30 AM Beijing time on June 18 (4:30 PM Eastern Time on June 17). The bill has completed the amendment process and will be sent to the House for review if passed. This is the final round of voting in the Senate.

JPMorgan Applies for "JPMD" Trademark, Potentially Launching Stablecoin Service

JPMorgan recently submitted a "JPMD" trademark application to the US Patent and Trademark Office, covering multiple cryptocurrency-related services including digital asset trading, exchange, transfer, clearing, and payment processing. According to a previous Wall Street Journal report, JPMorgan may be considering launching a stablecoin with other financial institutions like Bank of America and Wells Fargo to accelerate regular and cross-border payments.

US Media: US Officials Say US Will Not Proactively Join Israeli Military Action

According to a senior White House correspondent from CBS News, US officials stated that the United States will not proactively join Israeli military action. Although there were reports that Trump requested the National Security Council (NSC) and situation room to be on standby, it is reported that NSC cabinet members have been on 24-hour alert since the start of Israel's "Lion's Strength Operation".

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SRM Entertainment, Inc. announces that it has signed a Securities Purchase Agreement ("SPA") to raise $100 million from a private investor, with SRM planning to use these funds to initiate a TRON (TRX) treasury strategy. According to the agreement terms, the company will issue a total of 100,000 B-series convertible preferred shares, which can be converted into 200 million common shares at a conversion price of $0.50 per share, along with 220 million warrants at the same subscription price of $0.50 per share.

Additionally, Justin Sun, the founder of TRON blockchain, has been appointed as a company advisor, and the company plans to rename itself to Tron Inc. It is reported that if all warrants are exercised, the value of this strategic investment will reach $210 million.

H100 Group and Adam Back Plan to Raise 750 Million Swedish Krona for Bitcoin Acquisition

According to the official announcement, Swedish listed company H100 Group AB announces a new investment agreement with Bitcoin pioneer Adam Back, planning to raise up to 750 million Swedish krona (approximately $70.4 million) through convertible loans for its Bitcoin asset allocation strategy.

According to the agreement, Adam Back will purchase the sixth round of financing for 150 million Swedish krona, with the subsequent two rounds (seventh and eighth) each potentially reaching 75 million Swedish krona, with priority and mandatory subscription rights. The current sixth round's conversion price is set at 6.38 Swedish krona per share, at a premium of 33% to the closing price on June 13. The conversion prices for subsequent rounds are 8.48 and 11.27 Swedish krona per share, respectively.

Regulatory Trends

US SEC Confirms Receipt of Spot Bitcoin ETF Application from Trump's Truth Social

According to market news: The US SEC has confirmed receiving a spot Bitcoin ETF application from Trump's Truth Social.

US SEC Delays Decision on Staking Option for Franklin Spot Ethereum ETF

According to market news: The US SEC has delayed making a decision on the staking option for Franklin's spot Ethereum ETF.

Personal Voices

Bitwise CEO: Investors Seem to be Reassessing Ethereum

Bitwise CEO Hunter Horsley posted on X platform that Bitwise's Bitcoin ETF saw inflows of about $83 million last week, becoming the second-largest inflow Bitcoin ETF; additionally, Bitwise's Ethereum ETPs in the US and Europe saw a total inflow of about $28 million, suggesting investors are reassessing Ethereum.

Bernstein: GENIUS Act Will Make Stablecoins the Internet Cash Layer

Bernstein stated that the US stablecoin regulatory bill GENIUS Act is likely to pass into law in the coming months, and once the bill is passed, stablecoins are expected to develop into the monetary track of the internet and become the internet cash layer. Bernstein said the GENIUS Act prohibits non-financial listed companies from being stablecoin issuers, but recent reports suggest Amazon and Walmart are exploring the use of these cryptocurrencies. If e-commerce and tech platforms want to adopt these cryptocurrencies, they may have to collaborate with regulated US issuers rather than issuing their own stablecoins.

Michael Saylor: Strategy's Bitcoin Yield Reaches 19.1% This Year

Strategy Executive Chairman Michael Saylor posted on X platform that he has purchased 10,100 BTC at approximately $1.05 billion, with an average purchase price of $104,080. As of 2025 to date, Strategy's Bitcoin yield has reached 19.1%, holding 592,100 BTC as of June 15, 2025.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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