🔍 Highlights from the World of Crypto
1. U.S. stablecoin regulation advancing
The Senate passed the bipartisan GENIUS Act (68–30), establishing the first federal rules for stablecoins. It covers reserve holdings, bank-like oversight, AML compliance, and national-security provisions. The bill now heads to the House. President Trump supports a “clean” version without extra add-ons aimed at broader crypto reform .
2. Bitcoin $BTC
ETFs surge with institutional backing
BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 3.25% of all Bitcoin—approximately 682,500 BTC—making it the single largest spot‑Bitcoin ETF globally, with more than $69.7 billion in assets .
3. Market dip amid macro and geopolitical pressure
Over the last 24 hours:
Crypto market cap lost ~$90 billion (–2.8%)
Bitcoin dropped ~1–2% to around $103K
declined ~3–4% to around $2.4K
Sentiment is in extreme fear territory (Fear & Greed Index at 29), with spot BTC ETF outflows (~$600 M) reflecting the broader risk-off move .
4. Notable crypto news around the world
Iran’s Nobitex hacked: $100 M stolen, leading to a nationwide internet blackout .
Thailand’s crypto rules: The Thai SEC is consulting on new token listing regulations .
TRON going public: Justin Sun plans to list TRON via a reverse merger with a Nasdaq toy maker .
📊 Quick Technical Outlook
Bitcoin: RSI is in oversold territory (~28 on 4‑hr), indicating possible short-term bounce; key support area is around $100K–$103K .
Altcoins: Sei leads top 200 coins with +10.2%—a rare breakout amid the general decline .
interest rising: Analysts suggest a surge if it reclaims key chart levels .
📄 Today’s Crypto Snapshot – Summary
Theme Summary
Regulation GENIUS Act advances; stablecoin oversight sees traction
Institutions BlackRock’s ETF accumulates large Bitcoin holdings
Market sentiment Fear grips crypto; dips across major assets