**U.S. SENATE TO VOTE ON GENIUS ACT**
🔸The United States Senate is set to vote on June 17 on legislation known as the GENIUS Act.
🔸This bill includes amendments aimed at preventing certain officials from profiting through crypto-related ties.
🔸The goal is to increase transparency and ethics in the relationship between politicians and the digital asset market.
🔸The vote is significant for future regulations regarding public figures' involvement in the crypto sector.
**ETHEREUM ETF: FIRST OUTFLOWS AFTER LONG INFLOW STREAK**
🔹U.S.-based Ethereum ETFs recorded their first net outflows on June 13.
🔹Total outflows amounted to \$2.1 million, breaking a 19-day streak of continuous inflows.
🔹Despite the outflow, these funds attracted a total of \$1.37 billion during the 19-day period.
🔹This reflects the dynamic capital flows in the crypto ETF market.
**POLKADOT: BITCOIN RESERVE PROPOSAL SPARKS DEBATE**
🔸A new proposal has emerged in the Polkadot community to convert 500,000 DOT tokens into Threshold Bitcoin.
🔸The aim is diversification and increasing the long-term stability of project assets.
🔸The strategy involves dollar-cost averaging (DCA) Bitcoin purchases over the course of a year.
🔸The idea has sparked mixed reactions—some view it as a safeguard, while others raise concerns about its implications.
**ANTHONY POMPLIANO TO LAUNCH NEW BITCOIN ENTITY**
🔹Crypto entrepreneur Anthony Pompliano plans to launch a new investment vehicle focused on Bitcoin acquisitions.
🔹He is set to become CEO of ProCapBTC, a SPAC company to merge with Columbus Circle Capital 1.
🔹The new entity aims to raise \$750 million in equity and convertible debt.
🔹This marks a significant step toward expanding institutional access to Bitcoin investments.
**LONG-TERM BITCOIN HOLDERS KEEP ACCUMULATING**
🔸Long-term Bitcoin holders continue to increase their holdings.
🔸This accumulation persists despite ongoing global macroeconomic uncertainty.
🔸The trend signals sustained trust in Bitcoin as an asset.
🔸Such behavior reflects a long-term outlook on Bitcoin’s value.
**DONALD TRUMP DISCLOSES CRYPTO INVESTMENT PROFITS**
🔹Donald Trump disclosed income of \$57.4 million from the crypto venture World Liberty Financial (WLFI).
🔹The disclosure was submitted to the U.S. Office of Government Ethics on June 13, 2025.
🔹Trump holds 15.75 billion WLFI governance tokens, which give him voting rights.
🔹WLFI raised about \$550 million from token sales and focuses on decentralized finance and stablecoins.
**GAMESTOP PLANS TO EXPAND BITCOIN RESERVES**
🔸GameStop announced an increase in its convertible bond offering to \$2.25 billion.
🔸The funds will be used to further build the company’s Bitcoin reserve.
🔸Previously, GameStop had purchased 4,710 Bitcoins worth \$513 million.
🔸Despite these strategic moves, GameStop shares dropped after the announcement.
**TRUMP MEDIA: BITCOIN DEAL APPROVED BY SEC**
🔹Trump Media and Technology Group (TMTG) received approval from the U.S. SEC for its Bitcoin reserve deal.
🔹TMTG’s S-3 registration was deemed effective, allowing it to sell various securities.
🔹The company registered approximately 56 million shares related to convertible bonds for resale.
🔹TMTG, like other firms holding Bitcoin reserves, is aggressively expanding its platforms and plans to launch a Bitcoin ETF.
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