š Key Crypto News (June 27, 2025)
1. Bitcoin & Ethereum
Bitcoin$BTC is steady around $107K, holding firm despite a $40āÆbillion options expiry looming, which often introduces volatility .
Ethereum $ETH slightly softer with ~1.5% drop to about $2,447, similarly reacting to broader market calm .
2. Market-wide activity
Overall crypto market cap fell ~2.6% over the past day, currently around $3.4āÆtrillion on $85.5āÆbillion of daily trading volume .
Major liquidations occurred recently: approximately $1.2āÆbillion wiped out across BTC, $ETH , and altcoins .
3. Regulation & Institutional developments
Stablecoins are generating serious buzz: Senateās GENIUS Act aims to regulate them as payment systems, prompting projections that stablecoin market cap could nearly double to $500āÆbillion by endā2026 .
The U.S. is exploring stablecoin-driven demand for T-bills, tied to growing Treasury reserves held by stablecoin issuers (~$200āÆbillion currently) .
The SEC & Ripple couldnāt settle over XRP; a court refused to vacate the injunction or reduce penalties in a case involving $728āÆmillion in institutional sales .
4. Adoption & Policy shifts
The U.S. Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to consider crypto holdings (on regulated exchanges) as assets for mortgage qualification .
Texas and Arizona are pushing forward state-level Bitcoin reserves: Texas made it official on June 22, joining Arizona in creating a public Bitcoin fund .
5. Altcoin and Industry Highlights
Analysts spot several hot altcoins for June including LittleāÆPepe, PropBase, Chainlink, Avalanche, and Polkadot .
Innovative tech moves: Switzerland launched a regulated multi-crypto cloud mining app; Pi Network is prepping major updates at its Pi2Day event (June 28) .