Here’s the latest crypto update:
📊 Market Snapshot
Bitcoin (BTC) is trading around $107,322, with a modest intraday gain. It's remained strong, hovering in the mid-$106K range, supported by recent dovish signals from the US Fed .
Ethereum (ETH) is near $2,427, slightly down today after a rebound from its low around $2,400 .
The total crypto market cap stands around $3.29–3.4 trillion, with overall volume nearing $100 billion .
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🔍 Today’s Highlights
Crypto Gets Mortgage Recognition: U.S. regulators now accept crypto assets as reserves for mortgages under Fannie Mae and Freddie Mac .
Ethena Labs–BaFin Pact: A resolution is in place for the USDe stablecoin regulatory dispute in Germany—settled in 42 days .
Presale Frenzy: Asset manager inflows from the likes of JPMorgan are fueling mania in new crypto presales .
Pi Network Soars: PI token jumps ~12% ahead of its "Pi2Day" event (June 28), driven by speculation around GenAI updates .
Bitcoin Cash Leading Gains: BCH saw a daily surge (~6%), helping push the CoinDesk 20 index higher .
Stablecoin Policy Moves: The GENIUS Act is progressing, aiming to regulate stablecoins—including reserve requirements—quickly .
Crypto ATM Regulation: U.S. states are strengthening oversight of crypto ATMs following fraud cases, especially targeting seniors .
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⚖️ Trends & Outlook
Easing global tensions—especially in the Middle East—has supported a resurgence in risk assets like BTC and ETH .
Institutional adoption continues, with mounting inflows into funds, stablecoins, and presales .
Regulatory landscape is evolving rapidly—new bills and operational approvals are transforming the sector.
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✅ What to Watch
1. Fed policy updates—dovish signals tend to boost crypto sentiment.
2. Pi2Day (June 28)—could significantly impact Pi token price.
3. Stablecoin regulatory news, especially U.S. bill developments.
4. Major bank or institutional announcements—like new issuance or treasury holdings
