- Regulatory Momentum in the U.S.
Congress debates the Genius Act (stablecoin rules) and Clarity Act (crypto commodity/security definitions) .
Trump’s pro-crypto stance boosts optimism, with potential bills passing by summer’s end .
- Institutional Adoption & Partnerships
Ripple partnered with BNY Mellon to custody reserves for its RLUSD stablecoin .
Truth Social filed for a "Crypto Blue Chip ETF" including BTC, ETH, and SOL .
El Salvador added 8 BTC to its reserves, now holding 6,236 BTC (~$734M) .
- Stablecoin Summer
Stablecoin market cap exceeds $250 billion, with Walmart and Amazon exploring launches .
The Genius Act could legitimize stablecoins, requiring 1:1 dollar backing and transparency .
- Market Risks & Warnings
Analysts caution about potential volatility, with BTC’s rally possibly overextended .
GMX exploit: DeFi protocol lost $42 million to a re-entrancy attack .
