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πŸ”₯ The GENIUS Act stablecoin bill has garnered sufficient Senate votes for approval

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⚑️ Officials from the JPMorgan held a meeting with the SEC’s crypto-focused task force

Subject of the discussion:

β€’ Summary of JPMC’s activity in digital finance and debt services, with emphasis on Repo. Includes analysis of competitive changes as markets evolve.

β€’ Assessment of how public blockchains could reshape capital markets operations and guidance on managing related risks and benefits.

β€’ Next steps for engagement with the Task Force.


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⚑️ JDcom* aims to secure a global stablecoin license, targeting a 90% reduction in cross-border payment costs and settlement times below 10 seconds

* β€” China's leading retailer.


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πŸ“£ David Sacks says: β€œGENIUS Act enhances consumer protection, and extends US dollar dominance online”.

πŸ”„ Earlier: The GENIUS Act has garnered sufficient Senate votes for approval.

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⚑️ To enhance its global presence, China's central bank has launched an e-CNY center, highlighting stablecoins' role in transforming cross-border payments

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❕ Crypto Fear & Greed Index hits 48 β€” neutral

πŸ”„ Earlier: Index hits 62.

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πŸͺ™ Leading Chinese Bitcoin mining equipment manufacturers* are establishing US production facilities to bypass tariffs

* β€” Bitmain, Canaan, MicroBT.


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πŸͺ™ To fund the acquisition of up to 1,000 BTC, K33* is initiating a share issuance

* β€” Norvegian crypto broker.


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πŸ“£ Matt Hougan, Bitwise CIO, says: β€œWorld waking up to fiat β€˜craziness,’ turning to bitcoin as digital hedge against debasement”.

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πŸ’² $1B USDT has minted at Tether Treasury

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πŸͺ™ Bloomberg: Traders are using BTC options to protect against a potential drop to $100K, options data indicates

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⚑️ Coinbase Derivatives is partnering with Nodal Clear to bring USDC as collateral to US futures markets

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πŸ”₯ US authorities conducted the largest-ever seizure of funds linked to crypto scams β€” over $225M

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πŸ”₯ US authorities conducted the largest-ever seizure of funds linked to crypto scams β€” over $225M @just πŸ“„
πŸ’² Tether acknowledged by US DOJ* for support in $225M seizure linked to "pig butchering" fraud

* β€” Department of Justice.


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πŸ“£ US Federal Reserve leaves interest rates unchanged, remains at 4.25-4.50%

πŸͺ™ BTC = $104,315

πŸ”„ Earlier: Trump muses about appointing himself to lead central bank.

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πŸ’Ž Pavel Durov gave "the biggest interview" to the French press for the first time

πŸ”„ Earlier: Negative articles.

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⚑️ US Treasury Secretary Scott Bessent said "crypto is not a threat to the dollar" and "digital assets are one of the most important phenomena in the world right now"

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πŸ” The Portals App reached one million users in less than a month

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πŸ’Ž Pavel Durov gave "the biggest interview" to the French press for the first time πŸ”„ Earlier: Negative articles. @just πŸ“„
πŸ’Ž Key points:

β€’ Durov calls accusations against him absurd, claims punishment without trial, banned from leaving France, unable to see sick parents or newborn son.

β€’ Prioritizes Telegram neutrality and free speech, rejected $1B Google offer, sole Telegram shareholder to ensure independence.

β€’ Children access fortune after 30 years; has 6 official kids, over 100 via anonymous sperm donation.

β€’ Nikolai Durov’s AI will β€œunderstand the world”, unlike current β€œunintelligent” large language models.

β€’ Telegram, unprofitable for founder Pavel Durov, carries $2B debt. Durov's wealth stems from early Bitcoin investments, not messenger revenue.


πŸ”œ Full interview

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⚑️ Ohio House passes bill to exempt Bitcoin payments under $200 from taxes

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