Some Crypto News
📰 Regulatory & Policy Updates
**Stablecoin regulation picking up steam in U.S.**
The Senate is moving quickly on the GENIUS Act, a bipartisan bill to regulate stablecoins with reserve backing and oversight. House action is expected next, with President Trump urging a clean passage .
Tighter enforcement in UAE & India
Dubai is ramping up checks on shell companies using crypto for real estate laundering, and India’s Income‑Tax department is also increasing vigilance on illicit crypto flows .
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💰 Market Movement & Trading Sentiment
**$240 billion wiped off crypto markets this week**
Total market cap declined ~1.3% to $3.21 trillion, with Bitcoin down $103K) and several major altcoins off ~10% .
Retail bearish outlook may hint at rebound
BTC slipped under $104K following a 4% drop, and extreme bearishness among retail traders could be a contrarian buy signal .
Trading volumes surge amid geopolitical uncertainty
Escalating Middle East tensions drove BTC daily volume up 15% (~$28 billion), with price dips offering short-term trading opportunities .
Crypto influencer emphasizes quick action
“AltcoinGordon” tweeted urging traders to “take action” around 10 AM UTC—underscoring sharp intraday volatility .
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📰 Breaking Stories
Barron Trump may be a crypto millionaire
Reports suggest Barron Trump has earned ~$40 million from the family's token venture, becoming a crypto millionaire at age 19 .
Iran’s Nobitex hit by $100 million hack
A pro-Israeli hacker group allegedly stole ~$100M from Iran’s largest crypto exchange. In response, Iran imposed nationwide internet restrictions .
