🚨HOT NEWS TODAY🚨

1. Legal Framework & Stablecoin Stability

Today, the U.S. Senate officially passed the Genius Act (Guiding and Establishing National Innovation for U.S. Stablecoins), marking the first step in establishing a clear legal framework for stablecoins in the U.S. This is expected to increase institutional investor confidence in stablecoins, support liquidity, and reduce volatility for the entire cryptocurrency ecosystem.

2. Changes in Banking Regulations & Capital Requirements

On the same day, three major regulatory agencies in the U.S., including the Fed, FDIC, and OCC, proposed changes to the Enhanced Supplementary Leverage Ratio regulations, which have been a reason for many banks to limit interaction with cryptocurrency activities.

3. Technical Analysis & Market Sentiment

• Bitcoin Price: Currently, Bitcoin is trading around 107,000 USDT, with only a slight decrease of 0.06% in the past 24 hours, indicating notable stability after last weekend's volatility.

• XRP and altcoins: XRP is mimicking Bitcoin's bullish pattern, with the potential for a technical breakout as the USD depreciates – an indicator that often drives capital into crypto. Overall trader sentiment remains optimistic, anticipating that “altseason” will return soon.