In a landmark move for the digital asset economy, the U.S. Senate has passed the long-awaited GENIUS Act—the first bipartisan cryptocurrency bill to target the regulatory framework for stablecoins pegged to the U.S. dollar (USD). The bill, approved by a 68-30 vote, reflects growing political consensus that regulatory clarity is essential for protecting market integrity and fostering innovation in the blockchain sector.
Ethereum $ETHUSD remains locked in a volatile consolidation range, trading between $2400 and $2800, as heightened geopolitical risks stemming from the ongoing Israel-Iran conflict continue to weigh on global investor sentiment. The second-largest cryptocurrency by market capitalization has failed to sustain momentum above key resistance levels, underscoring weak risk appetite and a cautious outlook in the digital asset space.
Metaplanet Inc. $3350.T has issued bonds worth ¥33 billion ($210 million) to strengthen its Bitcoin $BTCUSD acquisition program. The Tokyo-based firm is doubling down on digital assets amid structural shifts in corporate treasury models. This move continues the accumulation strategy launched in April 2024, signaling an institutional shift toward crypto-native asset allocation. The market responded swiftly: shares of Metaplanet rose 17% after the announcement. Since January, its stock has surged over 408%, driven largely by investor anticipation of further BTC-related developments.
Trump Media & Technology Group $DJT, the parent company of the conservative-leaning social media platform Truth Social, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new cryptocurrency ETF. The proposed fund would invest in both Bitcoin (BTC) and Ethereum (ETH) — the two most valuable cryptocurrencies by market capitalization. This marks DJT’s second ETF application in under two weeks, signaling a strategic pivot toward financial products amid intensifying competition in the digital asset space.
Solana $SOLUSD demonstrated a significant intraday rebound after briefly falling below the $144 threshold. The move followed Bitcoin’s $BTCUSD surge above $107,000 — a level that acted as a market-wide catalyst for altcoin recovery. At the time of writing, Solana trades at $156.84, reflecting a 7.9% daily gain, and showing resilience after a week of corrective pressure. This rebound, coupled with broader positive sentiment across the crypto market, suggests a renewed appetite for risk assets amid improving macro conditions. While Solana’s current price remains below its April highs, the upside momentum puts focus back on key technical zones that could determine the sustainability of this rally.
XRP $XRPUSD has recorded a 2.24% intraday gain, reaching $2.198 as of the latest CoinMarketCap data. The move follows a volatile consolidation phase and reflects renewed positioning among traders. Despite broader crypto market fluctuations, XRP's relative strength places it in a favorable technical posture just below the $3.00 resistance. The token remains within a medium-term uptrend, rebounding from last week's lows. Notably, the last time XRP dropped below $3 was in February, reinforcing the psychological significance of the current zone.
Two of the world’s largest retailers, Walmart $WMT and Amazon $AMZN, are reportedly evaluating the issuance of their own U.S. dollar-backed stablecoins, according to sources cited by The Wall Street Journal. While neither company has officially confirmed development efforts, the move underscores growing institutional interest in blockchain-native payment instruments as the U.S. regulatory environment for digital assets shows signs of maturing.
Pudgy Penguins $PENGUUSD, a growing name in the NFT sector, has formed a commercial alliance with Lufthansa Group and its long-established Miles & More rewards program. The partnership enables customers to collect travel miles through purchases on the Pudgy Shop, either in fiat currency or using PENGU tokens. These earned miles can later be exchanged for flight discounts, travel-related perks, or other partner benefits within the Lufthansa $DLAKF network.
Binance $BNBUSD, the world’s largest cryptocurrency exchange by volume , has announced a new trading competition centered around SynFutures, offering exclusive rewards in F tokens. The contest, hosted via Binance Alpha and the platform’s custodial-free Binance Wallet, will run from June 15, 2025, at 08:00 UTC to June 29, 2025, at 08:00 UTC. This event represents a strategic push by Binance to increase user engagement in its decentralized infrastructure while promoting adoption of the SynFutures ecosystem through on-chain token incentives.
Coinbase Global Inc. $COIN, the largest cryptocurrency exchange in the United States, continues to gain institutional credibility and market traction. Founded in 2012 and listed publicly in 2021, the company reached a major milestone in May by becoming the first crypto-native firm to be added to the S&P 500 Index $^SPX. Following this development, Cantor Fitzgerald has revised its 12-month price target for Coinbase from $253 to $292, citing both trading performance and expanding non-trading revenue streams.
Virtu Financial Inc. $VIRT, one of the world’s most prominent algorithmic trading and market-making firms, is exploring entry into mainland China’s financial markets, signaling a potential turning point for global participation in the country’s vast exchange-traded fund (ETF) segment.
Several financial firms have recently updated their applications with the U.S. Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs) that would track the price of Solana $SOLUSD, a prominent cryptocurrency token. These amendments aim to respond to regulatory questions raised by the SEC, reflecting the heightened oversight the agency exercises over crypto-related investment products. Despite these efforts, sources indicate that the SEC shows no immediate intention to expedite approval of these Solana ETFs, underscoring ongoing regulatory prudence in the U.S. crypto market.
