);)
The White House Deputy Director attending the Bitcoin 2025 Conference revealed that the US government has established a Bitcoin acquisition plan in a 'budget-neutral' manner. The approximately 200,000 previously seized Bitcoins will be held instead of auctioned, which is expected to be a factor in reducing supply and inducing long-term strength. With the recent trend of regulatory relaxation, including the dissolution of some SEC cryptocurrency enforcement teams, policy changes are becoming a reality.
2. US Congress Introduces GENIUS Bill, Pressuring Tether's Market Dominance
The US Congress introduced the GENIUS bill on the 25th, mandating stablecoin issuers to compose reserves with cash and US Treasury bonds. Tether, currently recording a market capitalization of $1.5676 trillion (approximately 2,134.912 trillion won), is expected to inevitably adjust its reserve strategy to meet regulatory requirements. Considering the precedent of a decline in market share after a settlement with the New York Prosecutor's Office, questions are being raised about its continued operations within the United States.
3. Bitcoin Surpasses $108,000 Despite Middle East Tension, Institutional Buying 7 Times Higher
Bitcoin price exceeded $108,000 on the 25th, recording its highest level in weeks. With Jerome Powell, the Federal Reserve Chairman, officially mentioning stablecoin progress and the SEC reviewing the listing of Bitcoin and Ethereum ETFs linked to Trump Media, institutional buying absorbed 7 times the individual selling volume. On-chain indicators suggest a key support line at the average cost of short-term holders at $97,700, warning of panic selling risks during a decline.
Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr
