US House Financial Services Committee Chairman: "Stablecoin Regulation Law May Require Coordination with Senate"
House Financial Services Committee Chairman French Hill mentioned that "there are many issues to coordinate between the Senate-passed bill and the bill being prepared in the House regarding the GENIUS stablecoin regulation law." According to CoinDesk, Hill stated in a speech at the Brookings Institution that he is discussing with House leadership to meet the deadline mentioned by Donald Trump. However, there are issues to resolve with the Senate regarding △the application of extraterritoriality △distribution of supervisory authority between state and federal agencies △separation of banking and commerce principles for stablecoin issuance by companies. He added that if the Senate and House cooperate, they can find a common solution. Currently, the House is discussing three strategies: △passing the Senate bill as is and submitting it to the President △adjusting the stablecoin bill and resubmitting it to the Senate as an amendment △promoting a comprehensive bill integrating the GENIUS law and Digital Asset Market Clarity Act. Previously, Trump requested that the House quickly promote legislation and pass the stablecoin bill promptly.
354,000,000 USDT Transfer... HTX → Aave
According to Whale Alert, 354,000,000 USDT was transferred from the HTX address to the Aave address. This is a $350 million transfer.
Fed Ends 'Reputational Risk' Supervision in Bank Oversight Process
Eleanor Terrett reported that the Federal Reserve announced it will no longer consider 'reputational risk' during bank supervision. This is expected to resolve previous constraints on cryptocurrency companies' bank participation.
Circle Surpasses Coinbase Market Cap Intraday
The Block reported that Circle (CRCL), USDC's issuer, briefly exceeded Coinbase's market capitalization during trading. Alexander Blume, CEO of Two Prime digital asset fund, explained that Circle's market cap exceeding Coinbase is not fundamentally logical. The Block Research analyzed that investors unable to secure CRCL shares have flocked to Coinbase. CRCL is currently trading at $263.25, up 9.5% from the previous trading day.
Circle Occupies Largest Proportion in Van Eck Digital Asset Index
CoinTelegraph reported that Circle's stock now represents the largest proportion in Van Eck's Digital Asset Company Index (MVDAPP). CRCL accounts for 13% of the MVDAPP index, slightly increased from 11% last Friday. Van Eck's digital asset head Matthew Sigel noted that their ETF now holds more Circle shares than USDC's CEO Jeremy Allaire.
Double Blockchain Group Adds 75 BTC
French blockchain company Double Blockchain Group (ALTBG) announced via X that it purchased an additional 75 BTC by investing 6.9 million euros ($7.99 million). They currently hold a total of 1,728 BTC.
US Democratic Lawmakers Introduce 'COIN Act' Targeting Trump
CoinTelegraph reported that 10 Democratic lawmakers, including California Senator Adam Schiff, introduced the COIN Act to prevent public officials from pursuing crypto-related personal interests. The bill aims to prohibit current and former officials from issuing, sponsoring, or promoting cryptocurrencies, meme coins, and stablecoins from 180 days before taking office to two years after leaving.
Canaan Plans to Exit AI Semiconductor Division within Months, Focusing on Mining
The Block reported that Nasdaq-listed Chinese mining machine manufacturer Canaan plans to exit its non-core AI semiconductor division within months, due to poor sales performance and a strategy to focus on its core mining business.
Anchorage Digital Supports Uniswap API
Crypto bank Anchorage Digital announced support for Uniswap's (UNI) API, improving institutional users' decentralized exchange (DEX) liquidity accessibility. Institutional clients of Anchorage Digital's self-custody wallet Porto can now directly swap tokens through Uniswap.
Coinbase Lists S
Coinbase officially announced the listing of Sonic (S) on June 24 at 1 PM Korean time via its official X account.
Max Keiser: "US Stablecoin Regulation Law Serves Existing Financial Sector"
Bitcoin maximalist and El Salvador's BTC strategic advisor Max Keiser pointed out that the GENIUS stablecoin regulation law in the US is designed to support the existing financial sector and can strengthen legal tender's dominance. He emphasized that stablecoins, while seen as an entry point to the cryptocurrency market, are actually designed to improve US dollar usability and consider only bank interests.
Trump Media's $400 Million Share Buyback Separate from BTC Reserves
According to The Block, Trump Media's (DJT) $400 million share buyback plan will proceed separately from the previously announced Bitcoin reserve private placement. Trump Media had previously submitted a $2.3 billion private placement application to the SEC and announced plans to pursue BTC reserves.
BTC Exceeds $103,000
According to Coinness market monitoring, BTC has exceeded $103,000. On the Binance USDT market, BTC is trading at $103,024.39.
BTC Exceeds $102,000
According to Coinness market monitoring, BTC has exceeded $102,000. On the Binance USDT market, BTC is trading at $102,133.99.
BTC Exceeds $101,000
According to Coinness market monitoring, BTC has exceeded $101,000. On the Binance USDT market, BTC is trading at $101,033.99.
BTC Falls Below $101,000
According to Coinness market monitoring, BTC has fallen below $101,000. On the Binance USDT market, BTC is trading at $100,994.94.
BTC Falls Below $100,000
According to Coinness market monitoring, BTC has fallen below $100,000. On the Binance USDT market, BTC is trading at $99,987.5.
