🏛️ Trump Unveils Crypto Agenda at Coinbase Summit:
• Prerecorded by former President Trump, a speech was delivered on Coinbase's State of Crypto Summit, advancing the GENIUS Act for the regulation and support of dollar-backed stablecoins. He noted the need to work together with Congress to create clear guidelines for crypto and Bitcoin leadership.
⚠ FSB Issues Systemic Risk Warning:
• The outgoing chair of the Financial Stability Board warned in Madrid that crypto's increasing connections to mainstream finance ("TradFi") are reaching a tipping point, potentially threatening the system if left unaddressed.
💥 $335 Million in Crypto Longs Liquidated:
• More than $335M in leveraged longs were liquidated in the past hour alone—$234M worth of BTC, $42M of ETH, and $9M of SOL—indicating severe short-term volatility.
📉 Market Pullback After Highs:
• Following recent advances, almost all the top-100 coins are falling. Overall crypto market cap declined ~4% to $3.51T. Bitcoin declined approximately $107,563, Ethereum is at about $2,749. Spot ETH ETFs are performing better than BTC ETFs—$240M compared to $165M of inflows.
🌍 ECB Rate Decision May Spur Crypto:
• The European Central Bank's July interest rate decision can influence crypto market liquidity quite heavily. A rate reduction can increase assets such as BTC and ETH, whereas a hold or increase can dampen them.
🧠 Analyst Insight: XRP Breakout Imminent:
• Market analysts are watching for the possibility of an XRP breakout from a multi-month wedge formation that might instigate action in the near future.
📅 Coming Up: BTC Prague Conference:
• Europe's largest Bitcoin event, BTC Prague 2025, will take place June 19–21, with 10,000+ attendees and 200+ speakers such as Michael Saylor and Adam Back.
