Chumycarl

#GENIUSActPass

The so-called Genius Law, a project aimed at regulating stablecoins and establishing foundations for issuers, has managed to overcome initial hurdles and advanced in the U.S. Senate after reaching the threshold of 60 necessary votes.

Genius Act, as it is known in the U.S., faced an initial blockage in the Senate at the beginning of the month and did not surpass the threshold, amid Democratic concerns regarding President Donald Trump's agreements related to the crypto world.

Genius Law is considered a bipartisan effort in the Senate to regulate stablecoins, whose value is generally associated with that of the U.S. dollar, becoming one of the most important digital assets in the world today.

The project, which faced opposition among Democrats in recent weeks, finally managed to advance after a Senate vote of 66 to 22 on Monday.

While supporters of the project point out that it will provide guarantees to buyers of stablecoins, critics argue that the measures are not strong enough and raise concerns about potential conflicts of interest, stemming from the phenomenon of cryptocurrencies associated with President and First Lady Melania Trump, the memecoins $TRUMP and $MELANIA.
The bill aims to regulate the issuance and exchange of stablecoins, creating a framework for companies to be required to maintain a reserve of underlying assets to the cryptocurrency.
This would protect users in cases where mass withdrawals might occur.

Additionally, it grants priority of reimbursement to holders in case of bankruptcy and mandates compliance with anti-money laundering and anti-terrorism financing regulations.

#FOMCMeeting
What interest rate does the FOMC expect?
In its meeting on May 8, 2025, the Federal Open Market Committee (FOMC) kept the federal funds rate at 4.25%–4.50%.

According to the Economic Projections Summary published in March, the median projection among FOMC participants anticipates that the federal funds rate will be approximately 3.6% by the end of 2025. This implies a reduction of about 0.65 percentage points, or approximately two to three quarter-point cuts during the remainder of the year.

Market expectations align with this outlook, and traders anticipate three rate cuts totaling 0.75 percentage points in 2025. However, the Federal Reserve has emphasized a data-dependent approach, considering factors such as inflation trends, employment figures, and overall economic growth before making further adjustments.

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#FOMCMeeting
Who is part of the Federal Open Market Committee?
The Federal Open Market Committee is made up of twelve members, each with experience in economics and monetary policy. The 2025 committee consists of:

Board of Governors:
Jerome H. Powell – Chair
Michael S. Barr
Michelle W. Bowman
Lisa D. Cook
Philip N. Jefferson
Adriana D. Kugler
Christopher J. Waller
Presidents of the Federal Reserve Banks:
John C. Williams – New York (Vice Chair)
Susan M. Collins – Boston
Austan D. Goolsbee – Chicago
Alberto G. Musalem – St. Louis
Jeffrey R. Schmid – City of
Alternate Members:
Sushmita Shukla – First Vice President, New York
Beth M. Hammack – Cleveland
Patrick T. Harker – Philadelphia
Lorie K. Logan – Dallas
Neel Kashkari – Minneapolis
This composition reflects the structure of the FOMC, which combines the Board of Governors with rotating presidents of the Federal Reserve to ensure diverse regional representation in monetary policy decisions. For the most up-to-date information on the composition of the FOMC, please refer to the official Federal Reserve website.

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#MetaplanetBTCPurchase
Metaplanet surpassed Coinbase after its latest purchase of Bitcoin for USD $117 million. The original goal of the Japanese company was to close the year with 10,000 BTC, but now it aims higher at 30,000 BTC.

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Metaplanet eclipses Coinbase after reaching its original goal of 10,000 BTC in its treasury.
In a year, the company has become the largest corporate holder of Bitcoin in all of Asia.
Its original goal was to accumulate 10,000 BTC by the end of 2025, but now it aims higher.
To finance additional purchases of BTC, Metaplanet issued USD $210 million in bonds.

#TrumpBTCTreasury
Trump Media and Technology Group (DJT.O) is opening a new tab to raise around 2.5 billion dollars to invest in bitcoin, the social media company of U.S. President Donald Trump said on Tuesday, while seeking to diversify its income.
The company is raising funds by selling 1.5 billion dollars in shares at its latest closing price and 1 billion dollars in convertible bonds with a 35% premium, it said in a statement.
The Reuters Tariff Watch newsletter is your daily guide with the latest news on trade and tariffs worldwide. Subscribe here.
Bitcoin will remain on the balance sheet of Trump Media along with existing cash and short-term investments, which totaled 759 million dollars at the end of the first quarter. Cryptocurrency platforms Anchorage Digital and Crypto.com will safeguard the bitcoin holdings.

"We consider Bitcoin as the pinnacle instrument of financial freedom," said Devin Nunes, CEO of Trump Media, praising the move as a "great step forward" in the company's plan to acquire "top-tier assets, consistent with America First principles."
Shares of the company behind Truth Social, a streaming and social media platform, fell by 8%.
The move is part of a recent trend of public companies adding bitcoin and other cryptocurrencies to their balance sheets to capitalize on the rising prices of tokens as the Trump administration embraces digital assets.
Trump Media has been exploring potential mergers and acquisitions in its aim to diversify into financial services.
Last month, it reached a binding agreement to launch several retail investment products, including cryptocurrencies and exchange-traded funds aligned with Trump’s policies.
The Trump family, long rooted in skyscrapers and country clubs, has opened multiple opportunities in the cryptocurrency market.

#TrumpBTCTreasury
Trump Media and Technology Group (DJT.O) is opening a new tab to raise around $2.5 billion to invest in bitcoin, the social media company of U.S. President Donald Trump said on Tuesday as it seeks to diversify its income.
The company is raising funds by selling $1.5 billion in shares at its latest closing price and $1 billion in convertible bonds with a 35% premium, it said in a statement.
The Reuters Tariff Watch newsletter is your daily guide with the latest news on trade and tariffs worldwide. Subscribe here.
Bitcoin will remain on Trump Media's balance sheet alongside existing cash and short-term investments, which totaled $759 million at the end of the first quarter. Cryptocurrency platforms Anchorage Digital and Crypto.com will hold the bitcoin holdings.

"We consider Bitcoin to be the pinnacle instrument of financial freedom," said Devin Nunes, CEO of Trump Media, praising the move as a "great step forward" in the company's plan to acquire "top-tier assets, consistent with the principles of America First."
The shares of the company behind Truth Social, a streaming and social media platform, fell by 8%.
The move is part of a recent trend of public companies adding bitcoin and other cryptocurrencies to their balance sheets to capitalize on the rising prices of tokens as the Trump administration embraces digital assets.
Trump Media has been exploring potential mergers and acquisitions in its goal to diversify into financial services.
Last month, it reached a binding agreement to launch several retail investment products, including cryptocurrencies and exchange-traded funds aligned with Trump’s policies.
The Trump family, long rooted in skyscrapers and country clubs, has opened multiple opportunities in the cryptocurrency market.

#CardanoDebate
Cardano (ADA) follows the widespread decline of the crypto market this Thursday (13), with a drop of 4% in the last 24 hours.

This movement raises a warning sign, especially considering the difficulty of the altcoin to overcome important resistances.

Once again, ADA failed to remain above 0.70 dollars, a level that has blocked advances since late May. However, the balance for June remains positive.

Nevertheless, technical analysis suggests that new lows could be near. Below, we explain the possible scenarios.

Critical price levels could take Cardano down to 0.50 dollars
Cardano entered a downward trend since May 23, when it formed a double top at 0.85 dollars. Since then, its price has fallen more than 25%, marking a new low at 0.61 dollars.

The recent reaction provided some relief, but it stalled at the 0.5 Fibonacci retracement level, reinforcing that region as resistance. With the rejection at this point, the chart could indicate a new decline.

The Fibonacci Extension tool projects a potential target at 0.50 dollars. This level would represent an additional devaluation of 25%, bringing ADA to prices not seen since November 2024.

Cardano (ADA) chart on TradingView

Despite this, buyers still have a chance to curb the pressure. To do so, they must defend the supports at 0.67 and 0.61 dollars. For this reason, the current moment requires a broader interpretation of other charts and indicators to determine what the next move will be.

#IsraelIranConflict

The Israeli army launched multiple attacks early Friday morning against nuclear facilities and other military targets in Iran.

A spokesperson for the Israeli Defense Forces (IDF) stated that their "offensive was preventive, precise, and combined."

He added that the attacks occurred due to the "ongoing aggression of the Iranian regime against Israel" and said that Tehran responded to their offensive by sending 100 drones towards its territory, most of which were intercepted.

Dozens of Israeli planes participated in the "first stage" against nuclear targets in different areas of Iran.

#IsraelIranConflict The crypto market wakes up in red, and the reason is clear
The escalation of tensions between Israel and Iran has triggered a wave of risk aversion globally. As traders, we know that geopolitical events are a key factor that can move the market abruptly.
What has happened?
Israel has launched airstrikes against Iran, and the response has been swift. This increase in conflict has caused investors to flee from "risky" assets like cryptocurrencies and seek refuge in more traditional assets like the dollar and gold. Bitcoin (BTC) and major altcoins have felt the hit with significant drops.
In times like this, caution is our best ally. Volatility is through the roof, and panic can lead to bad decisions.
• Trading now is like navigating in a storm. The risk is extremely high. If you decide to do so, use a strict stop-loss and trade with amounts you are willing to lose. The movements are unpredictable.
• If you trust the fundamentals of your long-term projects, these drops can be seen as buying opportunities at "discount" prices. However, do not try to catch the exact bottom of the market. Consider making staggered purchases (DCA) if it fits your strategy, but be prepared for more volatility. The bottom may not have been reached yet.
The situation is fluid. My advice is to closely monitor news from reliable sources and manage risk wisely. Do not make hasty decisions. An informed and prudent trader survives any market.
Stay safe and trade wisely!
#binance #BinanceSquareFamily

#TrumpTariffs

June 12, 2025
🇺🇲The tariff policies of the Trump administration continue to be a focus of global attention. On June 11, a U.S. appeals court ruled in favor of keeping Trump's tariffs in effect while a legal battle is resolved. This follows a May 2025 decision from the International Trade Court that deemed some of these tariffs illegal.
The U.S. Treasury has indicated that it is "very likely" that the current pause on some more aggressive reciprocal tariffs, set to expire on July 9, will be extended to allow trade negotiations to continue. However, Trump has stated his intention to establish unilateral tariff rates with trading partners in the next one or two weeks, with a deadline of July 9 to reintroduce higher tariffs globally if agreements are not reached.
🇨🇳Regarding China, an agreement on rare earths was announced, although details are limited. Tariffs on Chinese products are expected to remain at 55%, according to Trump’s statements, although this would include tariffs from his first term. Tariffs on certain Chinese goods were temporarily reduced to 30% starting May 14, 2025, for 90 days, but the de minimis exemption for goods of Chinese origin remains eliminated.
🤨👉🏻The most recent resistance to the tariffs has been the ongoing legal appeal that has allowed them to remain in place for now, as well as pressure to delay the July 9 deadline for reintroducing higher tariffs, giving space for negotiations.