Summary
gm, US President Trump signed the GENIUS Act into law, establishing the first comprehensive regulatory framework for stablecoins. Meanwhile, institutional interest in Ethereum continues to surge, with BlackRock filing to add staking functionality to its ETF and Ethereum ETFs recording a record single-day inflow of $726 million. XRP reached a new all-time high of $3.65, breaking its previous 2018 record, while Bitcoin maintained strength above $120,000 despite consolidation. This regulatory clarity is attracting significant corporate treasury activity, with multiple companies including BitMine Immersion, SharpLink Gaming, and BTC Digital announcing major acquisitions of cryptocurrency assets, signaling growing mainstream institutional adoption.

News Headlines
🚀 US Lawmakers Pass CLARITY Act for Crypto Market Structure

  • The US House of Representatives has passed the Digital Asset Market Clarity (CLARITY) Act with a vote of 294-134, with nearly 80 Democrats joining Republicans in support of the legislation.
  • The bill aims to establish a regulatory framework that delineates authority over digital assets between the CFTC and SEC, introducing a formal definition for "digital commodities" and creating clearer guidelines for the cryptocurrency industry.

🏦 Schwab Wants to Offer Stablecoin Amid Expanding Crypto Services Push

  • Charles Schwab, which manages over $7 trillion in assets, is considering launching its own stablecoin as part of its broader expansion into cryptocurrency services, according to CEO Rick Wurster.
  • This move aligns with Schwab's plans to offer spot Bitcoin and Ethereum ETFs to clients and follows other major financial institutions like Citigroup and JP Morgan that have expressed interest in stablecoins.

🚨 Bitcoin Whale's $9.6B Transfer Sparks Correction Concerns

  • A Bitcoin whale has transferred $9.6 billion worth of Bitcoin (approximately 80,201 BTC) over four days, raising concerns about a potential market correction among analysts.
  • The large movement coincides with the passage of the GENIUS Act, leading to speculation that regulatory changes might be prompting some major holders to sell, though many long-term investors remain unfazed.

🔄 SharpLink Plans To Sell Stock Worth $5B To Buy ETH

  • SharpLink Gaming has dramatically increased its share offering to raise $5 billion in additional capital, primarily to purchase more Ethereum, with plans to acquire 1 million ETH in total.
  • The company has already invested $515 million in ETH in just nine days, accumulating over 280,000 ETH, despite experiencing a 24% decline in revenue year-on-year and a decrease in net profit margin.

🐕 Bitcoin Mining Firm Stock Spikes After $500 Million Raise for Dogecoin Treasury

  • Bit Origin, a publicly traded Bitcoin mining firm, is raising $500 million to buy Dogecoin for its digital asset treasury through selling up to $400 million in shares and $100 million in convertible debt.
  • Following the announcement, the company's shares surged by 90% to $0.63, although they remain down more than 35% for the year, while Dogecoin itself has increased by 2% on the day.

Market Metrics

Fundraising & VC
1. AI Cross Matrix (Seed, $12M) - Privacy-centric financial protocol
2. KUN (Series A, Undisclosed) - Global digital payment service provider

Regulatory
💰 Stablecoin Bill Prohibits Yield Products, Expected to Boost DeFi

  • The GENIUS Act prohibits yield-bearing options for US-regulated stablecoins, pushing investors toward Ethereum-based DeFi platforms for passive income generation.
  • Analysts predict this legislation will drive significant demand for Ethereum and DeFi protocols as institutions and retail traders seek alternative avenues for yield.

🌍 Tether Plans US Entry Following Stablecoin Legislation

  • Tether CEO Paolo Ardoino announced plans to register USDT in compliance with the newly-signed GENIUS Act, potentially developing a US-specific stablecoin.
  • Circle CEO Jeremy Allaire welcomed the competition, asserting that Circle's established compliance practices will benefit from the new regulatory framework.

🏦 SEC Chair Open to Crypto in Retirement Accounts

  • SEC Chair Paul Atkins expressed willingness to permit cryptocurrencies in retirement plans, emphasizing the importance of investor education about associated risks.
  • His comments come amid discussions of broadening investment options in 401(k) plans, with Fidelity already announcing plans to offer near fee-free crypto options for IRAs.

🔎 US Investigates Brazil's Pix Digital Payment System

  • The United States has launched a formal investigation into Brazil's digital trade practices, focusing on the Pix instant payment system that has outpaced private competitors.
  • The probe will assess whether Brazil's digital policies disadvantage US companies and examine if Brazil penalizes American tech firms that resist political censorship.

⚖️ UK Lawmakers Debate Crypto Political Donations

  • Labour MP Pat McFadden proposed banning cryptocurrency donations to political parties in the UK, citing concerns about illicit funding and foreign investments.
  • The call comes shortly after Reform UK became the first British political party to accept crypto donations, sparking debate about the role of cryptocurrencies in political funding.

Technical Analysis
Bitcoin - Investors have paid higher prices over time to buy Bitcoin and the currency is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 107710. The objective at 115727 is now met, but the formation still gives a signal in the same direction. The currency is testing support at points 117600. This could give a positive reaction, but a downward breakthrough of points 117600 means a negative signal. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.

Ethereum - An approximate horizontal trend channel in the short term is broken up. Continued strong development is indicated, and the currency now meets support on possible reactions down towards the trend lines. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 2780 points. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the currency. RSI is above 70 after a good price increase the past weeks. The currency has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.