Summary
gm, The U.S. Senate passed the GENIUS Act with a 68-30 vote, establishing a regulatory framework for stablecoins that could reshape the digital assets landscape. This legislative milestone propelled Circle and Coinbase stocks to surge by 33.8% and 16.3% respectively, while President Trump urged the House to pass the bill "ASAP." Meanwhile, JPMorgan launched a pilot for its deposit token JPMD on Coinbase's Base network, representing a major step for traditional finance into blockchain technology. Amid geopolitical tensions between Israel and Iran, Bitcoin remained resilient around $104,000, while institutional involvement deepened with BlackRock's $2.9 billion tokenized Treasury fund (BUIDL) now being accepted as collateral on Crypto.com and Deribit, signaling growing integration between traditional and decentralized finance.

News Headlines
🌐 EigenCloud launches aiming to bring verifiability to everything

  • EigenLayer has launched EigenCloud with $70 million investment from a16z, creating a platform that provides crypto-economic trust for applications on and off the blockchain.
  • The service includes components like EigenDA (data availability layer), EigenVerify (programmable dispute resolution), and EigenCompute (verifiable off-chain computations), targeting sectors including AI, media, and gaming.

🖥️ This Crypto Gaming PC Will Self-Destruct on Command

  • B3, a layer-3 gaming protocol built on Ethereum, has acquired custom PC maker Andromeda Insights to launch the B3PC, a high-performance gaming desktop with unique security features.
  • The PC includes a self-destruct storage drive that can permanently erase data through either a secure digital wipe that continues through power cuts or a physical destruction method that destroys the NAND flash chips.

🤖 Walrus, IO bring GPUs and decentralized storage to AI builders

  • Decentralized cloud computing provider io.net has partnered with Walrus to enable startups to train, run, and store custom AI models, with io.net offering GPU networks and Walrus providing storage.
  • The service operates on a pay-per-use basis, allowing developers to access computing power without investing in hardware, addressing the high costs and privacy risks associated with traditional centralized cloud models.

🏭 Chinese Bitcoin ASIC makers to begin US production amid tariff pressure

  • Major Bitcoin ASIC manufacturers Bitmain, Canaan, and MicroBT are launching production operations in the United States to mitigate the impact of tariffs, which currently stand at 25% but previously exceeded 100%.
  • These three companies control over 99% of global Bitcoin ASIC production, with Bitmain holding 82% market share, followed by MicroBT at 15% and Canaan at 2%, according to University of Cambridge data.

🚨 Iranian Crypto Exchange Nobitex Hacked for Over $82 Million by Suspected Israeli Group

  • Pro-Israel hacking group Gonjeshke Darande has claimed responsibility for breaching Iran's largest cryptocurrency exchange, Nobitex, draining over $82 million in assets.
  • The hackers have threatened to leak Nobitex's internal data and source code, claiming the exchange serves as a "terror-financing tool" aiding Iran in evading international sanctions.

Market Metrics

Fundraising & VC
1. XFX (Seed, $9.1M) - Institutional-grade cross‑border settlement platform
2. TAC (Strategic, $5M) - EVM-compatible network extension for TON blockchain
3. BitVault (Pre-seed, $2M) - Institutional, BTC-backed money

Regulatory
💼 Trump Urges Quick House Approval of GENIUS Act

  • President Trump called on House members to pass the GENIUS Act "ASAP — NO DELAYS, NO ADD ONS" in a Truth Social post.
  • The push comes as lawmakers debate whether to combine the bill with other crypto legislation, with some House Republicans preferring their own STABLE Act.

⚖️ Justice Dept. Seizes $225M in Crypto Tied to 'Pig Butchering' Schemes

  • The U.S. Department of Justice filed to seize over $225 million in Tether's USDT, the largest seizure associated with 'pig butchering' scams to date.
  • The seized funds were laundered through the OKX exchange after being fraudulently obtained from over 400 victims through elaborate confidence schemes.

🏙️ Washington City Bans Crypto ATMs to Combat Scams

  • Spokane, Washington has enacted a ban on all cryptocurrency ATMs following a unanimous city council vote, affecting around 50 machines throughout the city.
  • The decision aims to protect residents from scams that have proliferated through these kiosks, with Washington State reportedly losing $141 million to such schemes.

🌏 Thailand Exempts Crypto Capital Gains to Boost Hub Status

  • Thailand has waived capital gains taxes on crypto sales conducted through licensed digital asset service providers from 2025 to 2029.
  • The move aims to position Thailand as a global financial hub for digital assets, potentially increasing the country's crypto holdings to $1 trillion by 2030.

📑 SEC Opens Franklin Templeton SOL And XRP ETF Proposals To Comments

  • The SEC has opened public comment periods for two proposed cryptocurrency ETFs from Franklin Templeton—the Franklin XRP ETF and Franklin Solana ETF.
  • This development marks significant progress as the SEC has recently approved spot investment vehicles for Bitcoin and Ether, creating anticipation for other cryptocurrency ETFs.

Technical Analysis
Bitcoin - Bitcoin shows strong development within a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency is approaching support at 102400 points, which may give a positive reaction. However, a break downwards through 102400 points will be a negative signal. Negative volume balance weakens the currency in the short term. The currency is overall assessed as technically positive for the short term.

Ethereum - Ethereum is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The currency is testing support at points 2490. This could give a positive reaction, but a downward breakthrough of points 2490 means a negative signal. Volume has previously been high at price tops and low at price bottoms. This strengthens the currency and indicates increased chance of a break up. The currency is overall assessed as technically slightly positive for the short term.