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Rehman125
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$BTC BTC just crossed $103K and 99% of holders are now in profit Only 0.996% of addresses are underwater a strong sign of internal market strength But here’s the twist: • A 40x leveraged whale at $94K now sits on $2.8M in unrealized gains • Yet whales with 1,000+ BTC aren’t piling in above $100K • No major accumulation = cautious optimism • They’re waiting for confirmation before betting big again Smart money’s still watching 👀 #BTC #TradeOfTheWeek #CryptoComeback #TradeStories #BTCBackto100K
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According to Odaily, Geoff Kendrick, head of asset research at Standard Chartered, has forecasted that the native token of BNB Chain, BNB, could reach $2,775 by the end of 2028. The research report highlights that since May 2021, BNB's price movement has closely mirrored an unweighted portfolio comprising Bitcoin and Ethereum. Kendrick anticipates this correlation will persist, with BNB's price rising from its current level of approximately $600 to $2,775 by the end of 2028.
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#USStablecoinBill USStablecoinBill The U.S. Stablecoin Bill, known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), aims to establish a comprehensive regulatory framework for stablecoins. It mandates that issuers maintain 1:1 reserves in U.S. dollars or high-quality liquid assets, prohibits rehypothecation, and requires monthly reserve certifications. The bill introduces a dual regulatory approach: issuers with over $10 billion in market capitalization would fall under federal oversight, while smaller issuers could operate under state regulation, provided the state's framework aligns with federal standards. Additionally, the legislation bans algorithmic stablecoins to prevent risks similar to past collapses like TerraUSD. Despite initial bipartisan support, the bill faces opposition from some Senate Democrats who express concerns over consumer protection, anti-money laundering provisions, and potential conflicts of interest related to political affiliations. As debates continue, the GENIUS Act represents a significant step toward integrating stablecoins into the U.S. financial system with clear regulatory guidelines.
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#USStablecoinBill USStablecoinBill The U.S. In StablecoinBill, known as the GENIUS Act, is facing significant political hurdles despite initial bipartisan support. Designed to establish a federal framework for stablecoins, it mandates 1:1 backing with cash or Treasuries and subjects large issuers to Federal Reserve oversight. However, nine Senate Democrats have withdrawn their backing, citing concerns over anti-money laundering provisions and potential conflicts of interest, particularly involving the Trump family's crypto ventures. This legislative uncertainty casts doubt on the bill's future and underscores the complexities of regulating digital currencies in the U.S. CryptoRegulation #DigitalDollar
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