๐๐จ๐๐๐๐จ๐จ
๐ฐ Top Breaking News
1. Norway to Temporarily Ban PowerโIntensive Crypto Mining
The Norwegian government plans an autumn 2025 moratorium on new data centres using high-energy cryptoโmining methods. The move targets electricity conservation and comes amid concerns over limited economic benefit from such operations .
2. U.S. GENIUS Act Nears Final Passage
The Senate-backed GENIUS Act, a stablecoin regulatory framework, is advancing rapidly toward a House vote. President Trump urged lawmakers to pass a "clean" version without extra provisionsโheightening expectations of prompt legislation .
3. Coinbase Expands in Europe under MiCA License
Coinbase received a MiCA regulatory license from Luxembourgโs CSSF, opening access to all 27 EU member states. Luxembourg is now its European hub, making Coinbase one of the first U.S. crypto exchanges legally operating across the bloc .
4. BlackRock Continues Bitcoin Accumulation
BlackRockโs iShares Bitcoin Trust (IBIT) now holds over 3.25% of circulating Bitcoin (~682,500โฏBTC, ~$69.7B), commanding 54.7% of the U.S. spot BTC ETF market. This marks a shift toward major institutional accumulation .
๐ Market & Price Insights
Bitcoin is consolidating around ~$104.5k, trading within a symmetrical triangle between ~$103.4k and ~$105.6k. Volatility is reduced, hinting at an upcoming breakout .
Ethereum is hovering near ~$2,528, caught in a tightening range with resistance at $2,580โ$2,600. Options expiry on June 21 could spur movement .
โ ๏ธ Security Alerts & Industry Snippets
CoinMarketCap Breach: A front-end security issue led to fraudulent wallet-verification prompts, prompting remediation and enhanced protection measures .
ColdโWallet Scam Warning: SlowMist reports fake giveaways on X (formerly Twitter) offering Ledger walletsโusers are urged not to share their mnemonic phrases .
