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crypto news:-

🏛️ U.S. Stablecoin Regulation Advances

Senate Passes GENIUS Act: On June 17, the U.S. Senate approved the bipartisan GENIUS Act with a 68–30 vote, establishing clear rules for U.S. dollar–pegged stablecoins—including backing, audits, and AML standards. The bill now moves to the House .

Trump Urges ‘Clean’ Passage: Former President Trump supports a version that focuses solely on stablecoins, opposing wider crypto market reforms—adding political complexity .

🌐 Market Movements & Institutional Momentum

Coinbase Rides Stablecoin Wave: Coinbase stock surged ~16% after the GENIUS vote, and the company launched “Coinbase Payments” to process USDC payments on Shopify .

Crypto Liquidity Swings: Bitcoin dropped below $103k on June 20, wiping out positions and triggering $450 million in liquidations .

Crypto Cycle Echoes 2017: Analyst Raoul Pal sees the current macro-driven crypto cycle mirroring 2017 trends and potentially extending into mid-2026 .

🕵️‍♂️ Cryptocrime & Security Incidents

**$90M Heist on Iran’s Nobitex**: Hackers tied to an Israel-linked group allegedly stole $90 million from Nobitex, transferring funds to inaccessible “burned” addresses .

U.S. Plea Over $245M Bitcoin Theft: A 19-year-old from Connecticut pleaded guilty in connection with a $245 million crypto theft that tragically included his parents being kidnapped .

DOJ Blocks $225M Scammed Crypto: The U.S. Justice Department filed a civil forfeiture complaint targeting over $225 million tied to investment fraud schemes .

🌍 Global Regulation & Policy Shifts

UAE & India Crack Down: The UAE implemented strict rules to curb crypto used for laundering, and India’s tax authorities are enhancing investigations .

Bloomberg: ETF Approvals Nearing 90%: Analysts see a 90%+ probability that U.S. crypto ETFs—like Litecoin, Solana, XRP, DOGE—will get SEC approval .