🚨BREAKING NEWS TODAY🚨
📊Below is the current price situation of the two “giants” along with key news on June 18, 2025, affecting the cryptocurrency market:
1. U.S. Senate passes GENIUS stablecoin bill
On June 17, 2025, the U.S. Senate voted 68-30 to pass the GENIUS bill, establishing a federal legal framework for stablecoins that must be backed by liquid assets such as USD and treasury bonds, while also requiring monthly disclosure of reserve components.
2. Purpose Investments launches Spot XRP ETF in Canada
Purpose Investments has just received approval from regulators to list the XRP ETF (ticker XRPP) on the Toronto Stock Exchange starting June 18, 2025. This is the first ETF dedicated to XRP, opening up public investment opportunities for institutional and individual investors interested in this altcoin. This typically leads to new capital flows into XRP and may create upward momentum for the token price.
3. Bitcoin ETF capital flow “stays put”
According to data from Farside Investors, the Invesco Bitcoin ETF recorded $0 million in net capital flow on June 18, 2025, indicating that institutional investors remain cautious and have not pumped new capital into this ETF.
4. Volatility from Middle East tensions
Escalating tensions in the Middle East caused Bitcoin to lose over $2,000 at one point during trading on June 18, while Ethereum remained relatively stable around the $2,500 mark. Geopolitical instability often drives investors back to safe-haven assets, creating strong volatility for risk assets such as cryptocurrencies.
$BTC come back