📌 Key Crypto News

Norway plans ban on energy-intensive crypto mining

To protect electricity for other industries, Norway’s government proposes a temporary ban on new power-hungry mining centers starting autumn 2025 .

Massive hack hits Iran’s Nobitex—$90–100M stolen

Israel-linked hackers reportedly drained around $90–100 million from Iran’s top crypto exchange Nobitex. The exchange went offline amid wider internet disruptions .

US DOJ seeks $225M seizure from crypto scams

The Justice Department alleges over 400 victims were scammed via “pig-butcher” crypto schemes. Over $225M in seized Tether-linked assets may be returned to victims .

Bitcoin modest rebound—now above $106K

BTC has climbed ~1.1% to ~$106K, helped by boosted risk appetite and easing geopolitical concerns. Ether, XRP, and Solana also showed gains .

US Senate passes GENIUS Act to regulate stablecoins

A bipartisan 68–30 vote sent the stablecoin-focused GENIUS bill to the House, offering clearer federal oversight for dollar-pegged tokens .

Coinbase and Circle stocks surge on stablecoin news

Coinbase jumped ~17% and Circle shot up following the Senate stablecoin bill passage and Circle’s IPO success .

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🔍 Trading Trends

Institutional appetite is pushing BTC and altcoins higher ahead of key macro data, with Ethereum nearing $2,800 and select altcoins rallying up to 8% .

Geopolitical influences

Middle East tensions and U.S.–China trade talks continue to affect crypto sentiment. Oil price spikes, driven by possible conflict, may increase inflation—adding to crypto volatility .

On the radar

⁃ U.S. inflation data later this week could set the tone for crypto risk appetite.

⁃ The House’s response to the GENIUS Act may influence stablecoin use and market confidence.

📊 What This Means for You

Bitcoin remains resilient above $105K amid global uncertainties.

Regulatory clarity on stablecoins boosts institutions and retail use, benefiting platforms like Coinbase and Circle

$BTC