LATEST: US Senate Approves Stablecoin Bill Called The GENIUS Act

The U.S. Senate has officially passed the GENIUS Act by a 68-30 vote marking a historic step for crypto regulation. This bill sets the first nationwide framework for fiat-backed stablecoins aiming to legitimize and secure the digital dollar landscape. Spearheaded by Senator Bill Hagerty and supported by a bipartisan group the legislation demands full dollar backing monthly audits and strict licensing for issuers.

This move protects consumers while giving clear boundaries to stablecoin issuers and excluding compliant tokens from SEC regulation. It also bans algorithmic stablecoins and limits risky financial practices like reserve mixing. Though focused on stablecoins the act is seen as a major win for Bitcoin advocates as it strengthens the digital infrastructure that supports the entire crypto ecosystem.

Supporters say the GENIUS Act could help the U.S. lead in financial innovation online by combining strong oversight with open access. With this law America signals its intent to embrace stablecoins and prepare for a Bitcoin-integrated financial future.

Source

Will the Fed sign off on runaway spending? 

This is a segment from The Breakdown newsletter. To read full editions, subscribe.

The charters establishing the First and Second Banks of the United States both included a clever clause that limited the ability of those proto-central banks to print money: Every bill issued had to be hand-signed by either the president or cashier of the bank. 

This wasn’t an attempt to impose restrictive monetary policy, however — it was more about a Jeffersonian fear of big banks and institutions too far removed from local control.

But the effect was the same: Both the First and Second banks issued less money than their presidents wanted them to, simply because they couldn’t sign…

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Bitcoin Mining Stock Bitdeer Technologies Is Sliding After The Bell: What’s Sparking The Sell-Off? – Bitdeer Technologies (NASDAQ:BTDR)

Bitdeer Technologies Group BTDR shares are trading lower in Tuesday’s after-hours session after the company announced a proposed private placement of convertible senior notes.

What Happened: Bitcoin BTC/USD mining company Bitdeer announced plans to offer $300 million of convertible senior notes due 2031 in a private placement to institutional buyers. The company plans to grant the initial purchasers a 13-day window to purchase up to an additional $45 million of the notes.

Bitdeer expects to use a portion of the proceeds to pay the cost of a zero-strike call option transaction and to pay the cash consideration for concurrent note exchange transactions that involve privately negotiated…

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4 companies pump.fun could look at acquiring after its $1B raise

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With pump.fun set to reportedly raise $1 billion via a token sale, it’s fair to assume the memecoin launchpad will at least be open to exploring acquisitions as a way of putting its fresh capital to work. Based on my own guesswork and a few conversations with industry watchers, here are four businesses I think could make sense for a pump.fun acquisition. 

BullX

Many memecoin traders don’t actually trade through pump.fun’s frontend, opting for the sniping and copy trading features offered by trading bots — many of which run on Telegram.

These bots collect fees on trading volume,…

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FOMC preview: What to expect in Powell’s final months

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US equities and bitcoin were in the red Tuesday afternoon as conflict in the Middle East stretched into a fifth day. Investors are also waiting to hear from the FOMC tomorrow about their interest rate decision and, more importantly, what the committee’s latest Summary of Economic Projections has to say. 

Bitcoin had lost 2.7% over the day at 2 p.m. ET, hovering around $104,000. The S&P 500 and Nasdaq Composite opened lower and were trading 0.8% and 0.9% lower, respectively, at that time. 

All signs point to the Fed holding interest rates tomorrow. And probably again in July. Should…

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BBVA Tells Wealthy Clients To Invest Up To 7% In Bitcoin

Spanish bank BBVA is now advising its wealthy clients to invest up to 7% of their portfolios in crypto and Bitcoin, showing how traditional banks are starting to see the potential of Bitcoin. 

“With private customers, since September last year, we started advising on Bitcoin,” said Philippe Meyer, head of digital & blockchain solutions at BBVA Switzerland, during the DigiAssets conference in London. “The riskier profile, we allow up to 7% of portfolios in crypto.”

The bank’s private wealth division is currently recommending clients allocate 3% to 7% of their portfolio to Bitcoin and crypto, depending on their individual appetite. While many private banks have…

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Walrus, IO bring GPUs and decentralized storage to AI builders

This is a segment from The Drop newsletter. To read full editions, subscribe.

Decentralized cloud computing provider io.net, which has its own IO token, is working with the Walrus team to let startups train, run and store their own custom AI models.

IO offers a network of GPUs for AI training and fine-tuning, while Walrus is enabling AI model storage in the deal. The integration will be available as a pay-per-use offering, meaning builders are only charged for the amount of storage and computing power they use. 

This Bring Your Own Model (BYOM) offering lets AI agent devs or AI app builders develop and operate AI models without needing to set up their own data centers or…

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Ukraine Introduces Bill To Allow Bitcoin In National Reserves

Ukraine has introduced a bill that would give its central bank the legal right to hold Bitcoin and other assets as part of its national reserves. The draft law, submitted to the Verkhovna Rada on June 10, 2025, proposes updates to existing legislation to include “virtual assets” in the foreign exchange and gold reserves of the National Bank of Ukraine (NBU). 

This doesn’t mean Ukraine is officially adding Bitcoin to its balance sheet just yet, but it would give the central bank the green light to do so in the future.  

One of the bill’s co-sponsors, Member of Parliament Yaroslav Zhelezniak, emphasized that the legislation is about granting permission, not making…

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Fold Holdings Secures $250 Million Equity Deal To Expand Bitcoin Treasury

Today, Fold Holdings, Inc. (NASDAQ: FLD), the first publicly traded bitcoin financial services company, has announced a $250 million equity purchase agreement to significantly increase its bitcoin holdings.

Fold Holdings has the option, but not the obligation, to issue and sell up to $250 million in new common stock. The ability to access the funds is subject to certain conditions, including the requirement that a registration statement covering the resale of the stock be filed with and approved by the Securities and Exchange Commission (SEC).

“The Company is not required to use the Facility and controls the timing and amount of any drawdown on the Facility, subject to…

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LATEST: Ukraine Introduces Bill for National Bitcoin Reserve in Parliament

Ukrainian lawmakers have submitted a new draft law that could allow the National Bank of Ukraine to hold and manage cryptocurrencies. Known as Bill 13356 the proposal gives the central bank the authority to acquire sell and use digital assets including for international debt payments. This move signals a shift toward integrating crypto into Ukraine’s national financial strategy.

The bill includes a key provision enabling the repayment of loans to foreign creditors using virtual assets. Supporters say this could open the door for Ukraine to access loans in stablecoins and other cryptocurrencies which may help ease financial strain amid ongoing economic pressure. Lawmaker Yaroslav Zhelezniak a co-sponsor of the bill highlights that the bank will have the right but not the obligation to use crypto.

Zhelezniak recently discussed the proposal with Binance executive Kyrylo Khomiakov suggesting Ukraine sees value in crypto-backed reserves. The bill has support from digital economy experts but its passage by parliament remains uncertain.