📰 Global Hot News
• Polymarket is negotiating to raise around $200 million, valuing the platform at up to $1 billion, continuing the growth trend of decentralized prediction platforms.
• The overall market is recovering: about 98/100 major coins are rising, total market capitalization is currently around $3.23 trillion (up ~2.9% in just 24 hours), with Bitcoin rising to ~105.5K USD, Ethereum +7.5% to ~2.422K USD, thanks to signals of easing tensions in the Middle East
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🔐 Policy & Regulation
• New York City: Mayor Eric Adams accuses former Governor Cuomo of 'destroying' the crypto industry in the state
• The GENIUS Act (legal framework for stablecoins in the US) is almost ready to be passed, boosting Coinbase stock (+17%) and predicting capital growth for stablecoins to several hundred billion USD
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🚀 Notable Projects & Tokens
• Pi Network rises ~5% ahead of the 'GenAI reveal' event on June 28, however, the pressure to unlock ~268 million tokens next month remains a big question mark
• Cardano Midnight (NIGHT token) has just announced the details of the airdrop allocation for XRP holders
• XRP receives a lot of trust from the community: experts predict a strong increase in the next 6 months, possibly reaching $9–10 or more by the end of the year
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🌱 Altcoins & Predictions
• Many experts are targeting altcoins that can reach new highs before the end of the month: including Hyperliquid (HYPE) – up ~29% from its peak, ready to break the resistance at ~$40
• ChatGPT Picks suggests investing in ETH, SOL, DOT… and assesses that ETH could increase fourfold in the near future.
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🔋 Environment & Mining
• Norway plans to temporarily ban data centers mining crypto that use a lot of electricity, starting from fall 2025, in order to protect the power supply for other industries