📉 Market Snapshot
Bitcoin is trading around $107k, slightly down (~0.8%) as traders take profits after May's rally. Still projected to bounce back soon, driven by a weakening USD, institutional ETF inflows, and favorable regulations .
Ethereum, Solana, XRP, and other altcoins have also seen dips, though momentum may return in the coming week .
---
🗓 Options Expiry Ahead
A major $40 billion options expiry is set for June 27. This could inject heightened volatility—potential spike or dip—depending on market positioning .
---
🏛 Regulatory & Policy Updates
The Financial Action Task Force (FATF) warns that only 40 of 138 jurisdictions are mostly compliant with crypto standards. $51 billion flowed into illicit wallets in 2024. Stablecoins are increasingly used in illicit channels, including by North Korea and terrorist groups .
In the U.S., the crypto industry is grappling with three policy fronts: the Senate’s GENIUS stablecoin bill, broader market-structure reform, and SEC actions that may proceed independently. Tensions exist about whether linking these policies will aid or hinder regulatory progress .
---
💸 Institutional Moves
The FATF again emphasized the global risk of unregulated crypto .
In India, a discussion paper on crypto regulation is expected this month—an important step toward formal regulatory framework .
---
🌐 Broader Outlook
Bullish sentiment remains: easing geopolitical tensions, institutional ETF interest, and strong “whale” activity underpin positive Bitcoin outlook—prices recently reclaimed the $106k level .
Centralized oversight intensifying: global enforcement and regulation signals are growing louder, notably around stablecoins and transaction transparency .
---
🔍 What to Watch in the Next Week
1. Options expiry may trigger a shake-up—watch for sharp swings.
2. Policy progress: especially stablecoin and market-structure bills in U.S. Congress.
3. Regulatory enforcement shifts—FATF’s report may prompt new AML/CTF actions globally.
