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#TrumpCrypto #Write2Earn Democratic Senator Demands Ban on Trump and Officials Promoting Cryptocurrencies
📰United States Senator Adam Schiff of the Democratic Party has introduced a bill aimed at prohibiting government officials and their family members from participating in the issuance or promotion of cryptocurrency assets. The restrictions apply to the President, Vice President, members of Congress, and their immediate relatives.
✏The document, titled the COIN Act (Curbing Officials’ Income and Nondisclosure), imposes a ban on the issuance, promotion, and sponsorship of digital assets, including memecoins, NFTs, and stablecoins. The restrictions will be in effect 180 days before and for two years after the end of an official's term.
⚙️Schiff stated that cryptocurrency projects associated with Donald Trump raise serious ethical, legal, and constitutional concerns regarding the monetization of presidential power.
🔎"We need much stricter oversight of the President’s financial ties to prevent him or anyone else from personally profiting from such schemes," the senator declared.
▪️The Trump-linked company World Liberty Financial has been gaining increasing prominence in the crypto market. According to the latest financial reports, in 2024, Donald Trump personally earned $57.35 million from the sale of the project’s tokens. #NEWTBinanceHODLer #Binance #BinanceAlphaAlert During a gala dinner organized by Trump’s team for the largest holders of the TRUMP memecoin, a protest took place, with participants holding signs bearing slogans such as "Stop crypto-corruption." In a comment to the media, the President’s son, Eric Trump, called the protesters "paid actors."
Crypto rises even after Iran launches missiles in response to U.S. strikes: CNBC Crypto World On today’s episode of CNBC Crypto World, cryptocurrencies rise even as tensions in the Middle East continue to escalate. Plus, Wall Street keeps its eye on stablecoins as Fiserv launches a stablecoin and digital assets platform. And, Pete Najarian of RW3 Ventures breaks down the crypto market reaction to geopolitical tensions. #BTC110KToday? #IsraelIranConflict #BinanceAlphaAlert #Binance #Write2Earn
Here are the key upcoming developments to watch for Bitcoin (BTC):
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1. 🛠 Protocol Upgrade: OP_CAT & OP_CTV
Developers are in discussions to adopt OP_CAT or OP_CTV, which would enable new smart-contract capabilities on Bitcoin.
Galaxy Research forecasts consensus in 2025, though full deployment could take an additional 1–2 years due to cautious soft-fork activation processes .
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2. 🧠 Bitcoin Core 2025 Update (v25.0)
Already released earlier this year, it doesn’t change consensus rules—but lays the groundwork for future upgrades:
Adds BIP324 (encrypted P2P) support (testing phase)
Enhances fee estimation, Taproot/SegWit efficiency, privacy enhancements, and wallet tools
Preps internal support for BIPs like BIP118 (SIGHASH_ANYPREVOUT), favoring Layer‑2 applications
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3. 🔄 Broader Ecosystem Trends
Lightning Network expansion continues to tackle Bitcoin’s scalability, enabling faster and cheaper payments off-chain .
Layer‑2 initiatives are proliferating—projects like TON’s BTC Teleport aim for smoother cross-chain connectivity .
Institutional adoption also remains strong, with businesses tapping into futures, perpetuals, options, and ETFs .
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🔍 Outlook & What You Should Watch
Focus Area Impact on BTC Timeline
OP_CAT/OP_CTV Enabling programmability, smarter scripts Decision in 2025; activation may take until 2027 Core v25.0 Better node privacy, fee handling, wallet UX Already out; ongoing refinement Layer‑2 Scaling Faster, cheaper transactions & new use cases Continuous rollout Institutional Products OTC, derivatives, ETPs fueling liquidity & adoption Already active; evolving
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✅ Takeaway
Short-term: Monitor the rollout of encrypted P2P (BIP324) and keep an eye on Core v25.0 uptake.
Mid to Long-term: Watch whether OP_CAT or OP_CTV get greenlit—this shapes the future of Bitcoin smart contracts.
Ecosystem: Lightning and Layer‑2 cross-chain tools (like BTC Teleport) are crucial for scaling and innovation. #Write2Earn
#Write2Earn is a community engagement and reward campaign by Binance that allows users to earn rewards (like points, tokens, or crypto prizes) by writing and sharing content.
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🔑 Main Idea:
> Create and share quality content on Binance topics — and get rewarded!
#PowellRemarks "PowellRemark" usually refers to a statement or set of comments made by Federal Reserve Chair Jerome Powell, especially ones that impact financial markets like stocks, bonds, or cryptocurrencies.
Here is a summary of Powell’s most recent remarks (June 18, 2025):
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🧾 Main Points from Jerome Powell's June 2025 Remarks
1. Interest Rates Held Steady
The Fed kept the federal funds rate unchanged at 4.25%–4.50%.
Powell said the Fed is not ready to cut rates yet, but may do two cuts by the end of 2025, depending on data.
2. Inflation Warning
Powell warned of “meaningful inflation ahead”, largely driven by tariffs.
He noted: “Tariffs will pass through to prices — and that means consumers will feel the effect.”
3. Data-Dependent Policy
Powell emphasized the Fed’s stance is data-driven, not based on politics or market pressure.
A rate cut might happen around September 2025, but only if inflation shows a clear drop.
4. Pushback Against Political Pressure
Powell rejected criticism from political leaders (including Trump), saying the Fed remains independent and acts only on economic data.
5. Caution on Market Expectations
He said the Fed’s dot-plot projections (rate forecast chart) shouldn’t be over-interpreted.
Powell described the current economic situation as “a foggy time”, indicating uncertainty.
#CryptoStocks Volume of Cryptocurrency Trading in Korean Won Nearly Catches Up to Dollar-Denominated Trading
📰In 2025, the volume of cryptocurrency transactions in Korean won (KRW) reached $663 billion, according to the analytical company Kaiko. This is nearly equivalent to the volume traded in U.S. dollar pairs (excluding transactions with stablecoins such as USDT), making South Korea the world's second-largest cryptocurrency market.
📰According to the company's data, nearly one in three adults in Korea owns digital assets, which is twice the rate observed in the United States. However, the development of the institutional sector in the country is hindered by the low popularity of stablecoins, the fragmentation of trading platforms, and the persistent "kimchi premium" — the price difference between local and global markets.
📰The top five most popular fiat currencies on cryptocurrency exchanges also include the euro, the Turkish lira, and the British pound sterling, though their trading volumes are significantly lower than those of the dollar and the won. At the same time, the majority of liquidity still comes from stablecoins.
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Solayer (LAYER) Airdrop Continues: Second Binance HODLer Airdrops Announced – Earn LAYER With Retroactive BNB Simple Earn Subscriptions (2025-06-16) https://www.binance.com/en/support/announcement/detail/4faf095125404d75b5a742e758a5df32 #BİNANCE
Explore my portfolio mix. Follow to see how I invest! 🌍 Geopolitical Pressure & Cyberattacks
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📉 Market Reaction & Price Dynamics
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🔍 Summary Table
FactorInsightCyber eventAttack on Nobitex burned ~$90M of crypto—crypto as geopolitical weaponPrice move~4% dip to ~$104K, now stabilized just above $105KMarket driversIsrael-Iran tensions, Fed hold, structured investment inflowsInvestor outlookCautious optimism: strong support levels and institutional accumulation
Iran crypto exchange hit by hackers, $90 million destroyed _________
June 18 (Reuters) - An anti-Iranian hacking group with possible ties to Israel announced an attack on one of Iran's largest cryptocurrency exchanges on Wednesday, destroying nearly $90 million and threatening to expose the platform's source code. A group known as Gonjeshke Darande, or “Predatory Sparrow,” claimed the attack, making it the group's second operation in two days. On Tuesday the group claimed to have destroyed data at Iran’s state-owned Bank Sepah amid the increasing hostilities and missile attacks between Israel and Iran.
Here are today’s top headlines and key market updates in the cr🚨 Top Crypto News (June 18, 2025)
1. U.S. Senate passes the “GENIUS Act” to regulate stablecoins A bipartisan vote of 68–30 approved legislation requiring U.S. dollar–pegged stablecoin issuers to hold full reserves in secure assets (like cash or Treasuries), conduct monthly disclosures, and enforce AML rules . Treasury Secretary Scott Bessent projects stablecoin market expansion to nearly $2 trillion in a decade, though critics raise ethical concerns, especially exemptions for the President and Vice President .
2. $90+ million hack hits Iran’s Nobitex exchange Nobitex, Iran's largest crypto exchange, was breached today, losing over $90 million. The hack—attributed to the pro‑Israel “Predatory Sparrow” group—appears politically motivated, and the stolen funds were “burned” rather than cashed out .
3. Chinese mining rig giants shift production to U.S. Bitmain, Canaan, and MicroBT—who control over 90% of global Bitcoin mining hardware—are establishing U.S. manufacturing to evade tariffs. This geographical diversification could reshape the global mining supply chain .
4. Tron (Justin Sun) to go public via reverse takeover Blockchain firm Tron, led by Justin Sun, plans to go public through a $210 million reverse merger with SRM Entertainment. Additional stock allocations and rumored ties to Trump Jr. raise eyebrows. The move highlights growing crypto–public-market activity .
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📊 Market Snapshot & Analysis
Bitcoin price is hovering around $104,000, with modest intraday volatility.
Total crypto market cap stands at roughly $3.3 trillion, showing a ~1.6% daily gain—indicative of neutral-to-slightly bullish sentiment .
Noteworthy altcoins gaining traction include Ethereum, Ripple (XRP), Solana, BNB, and various stablecoins like USDT and USDC .
On the consumer-community front,edditors from r/CryptoCurrency show mixed feelings—with some feeling fatigued by “pump & dump” culture and greed in the ecosystem.$ #MyTradingStyle
🔹 Cryptocurrency Market Update Bitcoin is holding steady above $105,000 despite geopolitical pressures in the Middle East—seen by many as a store of value amid uncertainty .
A broad market dip: BTC is down $104,700), Ethereum lost $2,520), XRP dropped ~3%, and Dogecoin declined about 2%
The total crypto market cap declined ~1.6–1.7% to around $3.27–3.28 trillion amid rising Middle East tensions, interest rate uncertainty, and liquidations
🚨 BIG BREAKING 🚨 THE U.S. SENATE JUST PASSED THE GENIUS STABLECOIN ACT! 💥🇺🇸 This is NOT just another bill… This is a MASSIVE leap for crypto adoption! 🚀💼 ✅ Legal clarity for stablecoins ✅ Greenlight for innovation ✅ Institutions are now watching 🔍 ✅ Regulatory FUD? Officially shattered! 💪 The U.S. just sent a message to the entire world: “We’re OPEN for crypto business.” 💼🧠 The bull run? It’s not coming. It’s already knocking. 🚪🔥 📈 Expect stablecoin giants like $USDT, $USDC, and emerging players to thrive! 📢 This is your heads-up: The next wave of adoption is loading… FAST. 💬 What’s your move now? Buying? Stacking? Building? Drop your thoughts below 👇 #GENIUSActPass #DAOBaseAIBinanceTGE #MetaplanetBTCPurchase #FOMCMeeting #BombieBinanceTGE