📉 Today in Crypto: Caution Amid Progress 🚀
1. Market Tone: Sideways Bounce with Resilience
Bitcoin remains firm above $104K–105K, but trading in a narrow range after the Fed signaled a "hawkish pause" on interest rates moneycontrol.com+4tastylive.com+4tradingview.com+4analyticsinsight.net+1economictimes.indiatimes.com+1. Ethereum is hovering around $2.5K–2.6K, showing minor corrections yet holding crucial support .
2. Stablecoin Regulation Gains Traction
The U.S. Senate passed the GENIUS Act, marking a significant advance in stablecoin oversight. Circle (USDC) stock spiked ~16%, and Coinbase rallied ~17%, thanks to newfound regulatory clarity klever.io+4wsj.com+4reuters.com+4.
3. Security Alerts on the Rise
The DOJ moved to seize $225 M tied to crypto scams ("pig butchering") theverge.com
Iran’s Nobitex suffered a $100M hack amid tensions with Israel financemagnates.com+13spreaker.com+13nypost.com+13
📌 Summary: Markets are calm but cautious—on the brink of a more decisive move, pending macro signals and geopolitical news. Meanwhile, stablecoins are stepping into the spotlight, drawing both regulatory oversight and bullish investor sentiment. Yet, cybercrime remains a looming threat that can swiftly shake confidence.
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TODAY IN CRYPTO
🟡 Bitcoin steady around $105K amid Fed caution.
🟢 Ethereum consolidating near $2.5K—eyes resistance at ~$2.7K.
📘 GENIUS Act enables stablecoin regulation; USDC & Coinbase surge ~16–17%.
🔐 Security Watch: DOJ seizes $225M scam proceeds; Iran’s Nobitex hacked for $100M.
Markets are poised for a breakout but remain sensitive to macro and security headlines.
