Here are today's crypto news highlights, June 19, 2025:
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🔻 1. Bitcoin & Altcoin Weakness
Bitcoin slightly fell by ≈0.1% to US$104.9K, remaining about 7% below last month's all-time high.
Ethereum dropped 0.7%, XRP –0.4%, and Solana –1.7%.
Analysis indicates that Bitcoin's value is still heavily influenced by the movements of the U.S. Dollar Index, not just geopolitical tensions.
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🏛️ 2. Hacker Attack: Iran
The hacker group “Predatory Sparrow” (possibly linked to Israel) claimed to have stolen >US$90 million from the Iranian cryptocurrency exchange, Nobitex, and then burned the funds as a political message.
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⚖️ 3. Post-Fed FOMC & Genus Act Stablecoin
The FOMC decided to hold interest rates (4.25–4.50%) and signaled that there will be two more rate cuts this year.
Market sentiment through light volatility and investor caution towards inflation & geopolitics.
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📄 4. U.S. Senate Approves GENIUS Act
The U.S. Senate approved the GENIUS Act for stablecoins on a bipartisan basis (68–30), requiring 1:1 asset reserves and monthly audits.
The bill is now awaiting approval in the House and presidential signing.
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📈 5. Market Reaction & Crypto Stocks
Circle (issuer of USDC) surged +27–34%, now trading in the range of US$190–200, driven by expectations of stablecoin regulation.
Coinbase also rose ~16–17% on Wednesday, reflecting positive sentiment towards stablecoins.
