Stablecoins dominated the crypto landscape as the US Senate prepared to vote on the GENIUS Stablecoin Act, JPMorgan filed a trademark for its JPMD digital asset platform, and stablecoin reserves on exchanges reached a record $50 billion. Regulatory momentum continued with Gemini and Coinbase nearing EU MiCA license approvals, while institutional adoption accelerated through Deribit's $23 billion block RFQ volume and new product launches from COCA and Bybit.
BitMEX founder Arthur Hayes advised traders to treat new stablecoin IPOs like a "hot potato," cautioning that most new stablecoin issuers are likely to be overvalued and may fail because their distribution channels are locked.
The US Senate is scheduled to vote Tuesday on the GENIUS Stablecoin Act, a significant piece of cryptocurrency regulation. The bill is widely expected to pass the Senate before moving to the House. The vote comes as major financial institutions like JP Morgan signal interest in stablecoin offerings, and as scrutiny grows over President Donald Trump's connections to the crypto industry. Analysts at Bernstein predict that, once enacted, the GENIUS Act could position stablecoins as a foundational "money rail of the internet" within months.
JPMorgan Chase has filed a trademark application for "JPMD," a new digital asset and payment services platform. The filing covers trading, exchange, transfer, and payment services involving virtual currency, digital tokens, and blockchain-enabled money, as well as electronic fund transfers, real-time token trading, custody services, and secure online financial transactions. Industry observers speculate that the move could signal JPMorgan's intention to launch a bank-backed stablecoin, though the trademark filing does not confirm specific product details.
COCA, a stablecoin banking app with over one million users worldwide, has officially launched $COCA staking. The new feature allows token holders to earn up to 200% annual percentage rate (APR) and participate in the platforms on-chain governance, giving them a say in the app's future development.
Fiat Chain, introduced by Algorand founder Silvio Micali, is a public blockchain designed for institutional use that operates without its own cryptocurrency. Validators are elected quarterly and earn stablecoin fees, enabling on-chain tokenisation of bonds and other assets.
Stablecoin supply on cryptocurrency exchanges has reached an all-time high of $50 billion, increasing market liquidity and indicating growing investor confidence in the crypto sector.
Coinbase CEO Brian Armstrong is intensifying his push for the United Kingdom to expedite cryptocurrency regulation, aiming to strengthen the UK's status as a crypto hub and potentially bring it on par with the United States.
In recent months, the federal Office of the Comptroller of the Currency (OCC) has indicated a more permissive regulatory approach toward national banks and federal savings associations engaging in crypto-asset activities. Acting Comptroller of the Currency Rodney E. stated his commitment to ensuring that regulations remain effective but not excessive, while maintaining a strong federal banking system.
Gemini is set to receive regulatory approval from Malta, while Coinbase is expected to secure approval from Luxembourg, according to Reuters. These approvals would grant both crypto exchanges licenses under the EU's Markets in Crypto-Assets (MiCA) framework, allowing them to operate across the European Union. The rapid pace of these approvals has sparked regulatory concerns about standards and the potential for a "race to the bottom."
Fairmint has submitted a proposal to the SEC advocating for a blockchain-based framework to govern private markets. The proposal details a seven-step approach, featuring real-time regulatory oversight and recommending updates to investor accreditation standards.
A draft bill introduced by Brazilian lawmaker Eros Biondini seeks to abolish taxes on cryptocurrency holdings, specifically targeting citizens who hold Bitcoin as a long-term store of value. The bill has been filed in the Chamber of Deputies, according to reports from Portuguese-language media outlet Livecoins.
Legal experts are evaluating whether crypto teams still require offshore foundations, considering recent changes in the US regulatory landscape. The discussion centers on how evolving regulations may impact the necessity and benefits of establishing such entities outside the United States.
The Madrid Economic Forum 2025 featured discussions on central bank digital currencies (CBDCs), focusing on issues of surveillance, economic stagnation, and personal freedom. The event included analysis and opinion from industry leaders, such as Laura Estefania, Founder and CEO of Conquista PR.
Deribit has reported strong demand from institutional investors, with trading volume on its Block RFQ tool reaching $23 billion over the past four months. This trend highlights the accelerating institutionalization of cryptocurrencies.
The emergence of crypto treasury companies could trigger an altcoin season, with attention likely centered on tokens considered fundamentally valuable enough to attract traditional public money and capital.
DeFi lending protocols set new records in June for both active loans and total value locked (TVL), as capital continues to flow into the sector despite broader market focus on institutional Bitcoin accumulation.
Market participants are showing growing interest in the digital asset sector, according to Hong Kong Financial Secretary Paul Chan Mo-po. He stated that the development of digital assets has also advanced the businesses of financial institutions in the region.
Bybit has introduced a new platform on June 16 that enables users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app. This marks the first time a major crypto exchange has offered such a comprehensive integration of traditional financial instruments alongside cryptocurrencies.
Recent data and expert analysis indicate that 2025 may see a significant increase in worldwide cryptocurrency adoption, with the market showing heightened anticipation for broader mainstream use.
Crypto investment products saw inflows of $1.9 billion last week, according to the latest CoinShares report, indicating strong investor confidence despite escalating geopolitical risks.
The cryptocurrency market saw a recovery today, with Bitcoin and other altcoins reversing losses from the previous week. This rebound coincided with reports that Iran is pursuing efforts to de-escalate tensions with Israel and the United States.
Despite ongoing geopolitical tensions between Israel and Iran, crypto traders remained offensively positioned this week, closely monitoring developments for potential market impact.
Several new crypto projects are offering potential airdrop opportunities during the third week of June, as the market experiences volatility driven by tensions in the Middle East, trade uncertainty linked to Donald Trump, and the impact of US economic indicators.
Federal Reserve officials will convene in Washington, DC, on June 17 for the anticipated FOMC meeting to determine the direction of U.S. interest rates, as the cryptocurrency market shows signs of recovery.
A South Korean crypto CEO has been acquitted of fraud charges related to the abrupt closure of Haru's withdrawal services in 2023, which allegedly resulted in $650 million in losses for 6,000 investors. The acquittal comes months after the CEO was reportedly involved in a stabbing incident.
Alabama authorities have recovered over $125,000 in cryptocurrency for victims of romance scams, known as "pig butchering," which collectively cost them nearly $580,000 through fraudulent dating app relationships and platforms.
A survey conducted by Kraken found that 48% of respondents consider themselves to be their biggest security risk when it comes to cryptocurrency. Additionally, 31% of those surveyed believe that advancements in security could help protect digital asset funds.
Affluent, a decentralized finance (DeFi) mini app built on The Open Network (TON), has launched on Telegram, marking the platform's first native DeFi lending application and integrating DeFi services directly into Telegram's messaging ecosystem.
Singularity Chile 2025 showcased 10 key trends in artificial intelligence, blockchain, and innovation, emphasizing Latin America's leadership in technological transformation. The event highlighted the rapid growth of AI in the region.
Artificial intelligence and cryptocurrency are pushing U.S. electricity demand to unprecedented levels, with data centers at the forefront of this surge. The share of renewable energy in the power grid is projected to rise to 27% by 2026 as utilities respond to the growing needs of these sectors.
Optalysys, a UK-based startup specializing in secure computing, has launched a server designed for blockchains that can process data at scale without the need to decrypt it, claiming it as the world's first of its kind.
KOLO, a leading web3 project, has launched a next-generation digital wallet featuring a worldwide debit card. The new offering allows users to spend their digital assets at millions of merchants globally that accept Mastercard and Visa.
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