Here are today’s top crypto news, broken down into key points:

U.S. Senate poised to pass the GENIUS Act — A bipartisan stablecoin regulation bill, focused on consumer protections, is expected to move forward today. Notably, it bans lawmakers (but not the President) from profiting from stablecoins—raising conflict-of-interest concerns amidst President Trump’s crypto ventures .

Circle IPO boosts Wall Street confidence — Circle’s stock has doubled since its June 5 IPO, signaling strong institutional appetite for stablecoins. The total stablecoin market has surged to ~$250 billion .

Crypto prices slip on Middle East tensions — Bitcoin (~$106–107K) and Ethereum (down ~2.6%) saw declines amid renewed Israel‑Iran volatility. Despite the dip, some believe prices remain resilient .

Trump Media files for BTC–ETH ETF — Trump Media & Technology Group seeks SEC approval for a 75/25 Bitcoin–Ether ETF, aligning with its broader pro‑crypto agenda .

Kraken expands crypto-infrastructure services — Building on partnerships across Canada, EU, and the U.K., Kraken aims to offer modular crypto backend solutions for over 200 enterprise clients .