Donald Trump Backs GENIUS Stablecoin Bill, Crypto Stocks Rally
US President Donald Trump urged the swift passage of the GENIUS Stablecoin Act after Senate approval with a 68-30 vote.
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US President Donald Trump urged the swift passage of the GENIUS Stablecoin Act after Senate approval with a 68-30 vote.
Solana price fell to $143 on Wednesday, marking three consecutive days of decline with a 9% weekly drop. Despite bearish price action, on-chain data reveals $730 million in new staking deposits, suggesting investor confidence in long-term recovery prospects.
Bitcoin retreated to $104,800 after hitting $105,500 resistance as miners offloaded 30,000 BTC worth $3.2 billion over three weeks, dampening rebound prospects.
SPK plunged 70% post-launch as airdrop holders sold off. Spark’s DeFi platform remains strong, but the rollout strategy faces criticism.
Pudgy Penguins launched its skill-based Web3 game Pengu Clash on the TON blockchain. However, the PENGU token slipped 8%.
Pi Network is struggling to keep up pace despite the ongoing market selloff as key indicators hint at a bullish breakout in the coming weeks.
Iranian crypto exchange Nobitex suffered an $82 million loss targeting assets across the Tron Network and EVM-compatible blockchains.
PEPE has dropped over 22% this week, losing $1.3 billion in market cap, as whale sell-offs and weak retail sentiment weigh on price.
JD.com, a top e-commerce platform in China, is considering getting stablecoin licences from international markets.
A European Bitcoin treasury firm increases its Bitcoin holdings by $20 million.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $639 million in inflows on June 17, accumulating 6,088 BTC from the open market.
Ripple CEO has thanked the US Senate for passing the GENIUS Act, naming it the first major financial bill since the Dodd-Frank Act.
Ripple and the SEC are holding off further appeals as both parties await an indicative ruling from Judge Torres in the ongoing Ripple lawsuit.
HYPE slid over 4% to $40.5 on June 18 following a major whale sell-off, even as institutional confidence in the token continues to grow.
The market correction arrived, but PancakeSwap users rushed in to participate in the AB token rally, triggering a massive surge in trading volume.