$BTC $ETH $SOL
🏛️ U.S. Senate Nears Passage of GENIUS Act
Major bipartisan support is building behind the GENIUS Act, a stablecoin regulation bill that clarifies backing requirements and oversight. The Senate paved the way today, and Senate leaders—driven by presidential push—aim for a quick House turnaround. This could set a strong regulatory precedent for crypto stability in the U.S.
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📈 Bitcoin Rebounds Above $106K
Bitcoin surged ~1.1%, breaking out from the $104K–$105K trading range to land around $106,081, as improved risk appetite and cooling Middle East tensions lifted market sentiment. Ethereum, XRP, and Solana also posted gains .
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⚠️ Cybersecurity Shock in Iran
Iran’s largest crypto exchange, Nobitex, reportedly lost over $100 million in a hack tied to a pro-Israeli group. The ensuing internet blackout is the country’s most severe since 2019, spotlighting cyber risks in geopolitically tense regions .
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📊 Market Pulse
Altcoins mixed: Ethereum and BNB climbed modestly, while Solana and Polkadot saw slight dips .
Institutional moves: Whale accumulation in BTC, growing inflows into Cardano—suggesting large‑scale investor interest .
Macro context: Tepid oil prices and stable U.S. interest rates continue supporting crypto flows .
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🎯 What It Means for Traders & Holders
Insight Implications
Stablecoin regulation Could bring more mainstream trust to DeFi and crypto trading.
BTC breakout Risk-on sentiment is returning—watch for continued momentum above $106K.
Cyber risk reminder Hacks can shake confidence—security protocols are paramount.
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