#MyTradingStyle Here’s the latest on crypto today—covering market moves, regulatory news, and key drivers:
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📉 Market Update: What’s Moving Crypto?
Broad decline in crypto: The total crypto market cap has dropped about 3–4%, settling around $3.3 trillion, as Bitcoin slipped under $105K and Ethereum sits near $2.5K .
Geopolitical stress: Escalating tensions in the Middle East (specifically Israel–Iran) are dragging down crypto sentiment, contributing to today’s sell-off .
ETF flows: Despite the dip, U.S. spot BTC ETFs have recorded strong flows (~$216–$408 million inflows this week), while ETH spot ETFs also saw ~$11–21 million in recent inflows—signaling continued institutional interest .
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🏛️ Regulatory & Legislative Updates
GENIUS Act passes Senate
On June 17, the U.S. Senate approved the GENIUS Act by a wide 68–30 bipartisan vote. This marks the first federal framework for stablecoins, mandating dollar‑backed reserves, anti‑money‑laundering measures, and disclosure standards. The bill heads next to the House .
Next steps & broader crypto regulation
Policy debates continue in the House, particularly over integrating GENIUS with the CLARITY Act, which would define non‑performance tokens (like most cryptocurrencies) as non‑securities — a move with mixed support .
Corporate token moves
Coinbase is seeking SEC approval to offer tokenized stock trading on the blockchain .
Justin Sun’s Tron is planning a reverse merger to become “Tron Inc.”, boosting on‑chain token speculation .
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🔎 Quick Takes
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🔭 Outlook & What to Watch
1. House action on GENIUS/CLARITY — Whether they pass standalone or bundled regulation (timeline pushed toward late summer/fall).
2. Federal Reserve signals — Any Fed guidance (e.g., interest rate forecasts) could sway crypto markets further downward or provide stability.
3. Geopolitical shifts — Developments in the Middle East could continue to weigh on risk assets, including crypto.
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