Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ethereum-related ETFs have witnessed a historical low in assets under management (AUM) with over $1.1 billion in net outflows over the past seven weeks. This contrasts with the strong performance of Bitcoin ETFs, indicating a decrease in investor confidence in Ethereum products. Factors such as competition from other cryptocurrency ETFs, regulatory uncertainties, and the SEC’s cautious stance on staking yields contribute to this trend. Grayscale’s ETHE, now an ETF, has been a major source of outflows due to higher management fees compared to rivals like BlackRock. The SEC’s pending decisions on Ethereum ETFs, particularly on staking, are seen as critical for future market direction. The situation underscores broader concerns about Ethereum’s scalability and competition from other blockchains, further impacting investor sentiment.

Brazil is contemplating the integration of Bitcoin into its sovereign reserves, potentially allocating up to 5% of its total reserves, valued at approximately $18.3 billion. This proposal is led by Pedro Giocondo Guerra, the chief of staff to Brazil’s Vice-President, as a hedging strategy against inflation and economic vulnerabilities, distinguishing Bitcoin from other cryptocurrencies and Brazil’s digital currency, Drex. A legislative bill under consideration would enable the Central Bank and National Treasury to hold Bitcoin, fostering discussions on democratizing monetary authority. Despite the volatility concerns, government support is strong, and future proposals will outline governance frameworks for custody and strategic positioning. This initiative positions Brazil as a potential major economy embracing Bitcoin, although with inherent risks due to volatility.

The interest in Dogecoin is seeing a resurgence, driven by JA Mining’s innovative cloud mining model. While the initial focus was on exploring new cryptocurrencies such as Bugatti Coin, THCrypto, and AstroDollar, Dogecoin has regained attention due to its new cloud mining paradigm. This model by JA Mining enables users to potentially earn significant returns, attracting both experienced investors and newcomers. The potential for a $30 investment to yield up to $30,000 underscores the allure. While Dogecoin remains under $0.50, its popularity is rising along with its utility in transactions. This highlights a broader market trend towards finding undervalued coins with high growth potential, suggesting a new era of opportunities in crypto investments driven by enhanced mining efficiency and accessibility.

Binance is transitioning from a regulatory averse entity to a strategic policy advisor for governments worldwide. The new CEO, Richard Teng, revealed that numerous governments and sovereign wealth funds have approached Binance for guidance on establishing crypto reserves. Recognizing this, Binance now dedicates 25% of its workforce to compliance to underscore its commitment to regulation. Additionally, the company is contemplating creating a global headquarters, departing from its previous non-national operational model. Despite these advancements, Binance faces legal challenges in Spain and France, indicating persistent regulatory scrutiny. In response to tension with US authorities, Binance is engaging with the US Treasury while being under a five-year surveillance program by FinCEN. Furthermore, co-founder Changpeng Zhao is expanding influence by advising on blockchain policies in Pakistan. This shift in Binace’s operations signifies a substantial change in its corporate strategy and a potential impact on global crypto regulations.

Over the last 14 years, Bitcoin has achieved an extraordinary return of approximately 7.2 million percent, significantly outperforming traditional assets like the S&P 500, which returned 306%, and gold, which returned 116%. In the most recent two years, Bitcoin maintained strong performance with a return of 173%. These data underscore Bitcoin’s dominance in the investment realm, reinforcing its status as a leading choice compared to traditional assets. Such growth is likely to continue attracting traders and investors, potentially increasing focus and activity in the crypto market.

The U.S. dollar index has declined due to trade tensions and possible Federal Reserve rate cuts, potentially offering short-term growth for Bitcoin as it historically strengthens against a weakening dollar. Matrixport indicates that the US Dollar to Chinese Yuan exchange rate is nearing a critical resistance level, which could further boost Bitcoin. Historically, after the 2015 Yuan devaluation, Bitcoin faced sell-offs but rebounded strongly. If 10-year Treasury yields rebound sharply, this might provide temporary downward pressure on Bitcoin’s upward momentum. Traders should consider these dynamics as they could significantly impact Bitcoin’s price movements.

The article discusses the promising outlook for Solana (SOL) as it potentially benefits from the explosive growth of Panshibi (SHIBI). Initially, Solana’s price increase was attributed to its scalability and fast transaction speeds. However, recent developments highlight the rising interest in SHIBI, which is well-regarded for its innovative approach and community-driven model, expected to yield high returns. As SHIBI gains traction, its success could enhance the utility of related projects like Solana, leading to further price appreciation. The interconnectedness between SHIBI’s growth and Solana’s potential offers traders insights into cross-project influences within the crypto market.

Recent analyses by crypto analysts indicate that Bitcoin may experience a significant bullish movement, fueled by classic technical patterns on price charts. Initially, Captain Faibik identified an Ascending Broadening Wedge pattern, projecting an upward momentum potentially leading to a new all-time high near $120,000. This was corroborated by Weslad, who observed a Flag Pole pattern suggesting further upside. Both analysts see a potential breakout above $106,000 and $108,000 resistance levels, respectively. The market shows signs of short-term consolidation, with crucial support between $91,000 and $95,000, where strategic liquidity grabs by larger investors have been noted. This analysis advises traders on potential bullish opportunities, highlighting significant resistance and support zones.

The recent downturn in ETF flows for major cryptocurrencies like Bitcoin and Ethereum, coupled with Ethereum’s significant decline in investor risk appetite, underscores the current chaotic market conditions. Despite being in a bull market cycle, Ethereum’s underperformance compared to other altcoins like Dogecoin and XRP has led investors to adopt a cautious approach. The decline in Ethereum’s Normalized Risk Metric (NRM) to a low of 0.38, a level linked to past high volatility periods, highlights increased market uncertainty. This environment raises concerns about potential price corrections or consolidation for Ethereum. Yet, the influx of capital into Ethereum-based products, particularly spot ETH ETFs, suggests a renewal of investor confidence, indicating optimism amid the challenges. Technical analyses forecast possible bullish movements paralleling past Bitcoin cycles. As a result, Ethereum’s price movements are expected to remain volatile, presenting both risks and opportunities for traders.

Bitcoin is approaching critical support and resistance levels on leading centralized exchanges, with mounting liquidation risks poised to impact market volatility. Data from Coinglass shows that a 10% price move, either up or down, could trigger significant liquidations—up to $359 million in shorts if BTC surpasses $108,000, and roughly $310 million in longs if it drops below $104,000. The presence of pronounced liquidation clusters highlights the concentration of risk at these thresholds, making the market highly sensitive to abrupt price changes in the Bitcoin price. These concentrated zones may result in rapid cascading liquidations, amplifying volatility and accelerating short-term price trends. Negative funding rates over the weekend, alongside increased short positioning, signal the potential for a short squeeze if bullish momentum persists. Key psychological and technical levels to watch remain at $100,000, $104,400, and $108,000–$110,000, where breakouts may drive further price movement. For crypto traders, closely monitoring these risk zones is crucial for effective risk management and position timing during this period of heightened volatility.

Shiba Inu (SHIB) and Dogecoin (DOGE), two leading meme coins, continue to underperform compared to top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Earlier reports noted SHIB’s challenges maintaining momentum due to sector volatility and market saturation, even as it remained a popular choice among retail traders. Subsequent analyses show that both SHIB and DOGE have recently experienced reduced social media hype and shifting trader focus, weakening their price momentum. Technical indicators and market analysts suggest that unless broad crypto sentiment improves or meme coin narratives regain strength, both tokens could face further declines, especially if they lose key support levels. The competitive landscape has also intensified, with emerging meme coins attracting investor interest. For traders, monitoring trading volumes, developer activity, and community engagement is crucial. Strategic diversification and thorough research are advised to navigate the evolving meme coin market landscape.

Tether, the issuer of USDT, is expanding its stablecoin leadership by partnering with Bitfinex to launch a new blockchain, ’Stable’. This new enterprise-focused platform will use USDT as its native gas token, representing a notable strategic shift towards broader institutional adoption. Tether generated $432.5 million in revenue over the last 30 days, greatly exceeding competitors like Circle, and currently supports over $1 trillion in monthly on-chain USDT transfers, reflecting its dominant role in stablecoin liquidity and blockchain transactions. Tether’s CEO Paolo Ardoino is actively advising the Stable project, which builds on Layer Zero’s infrastructure and is developed by a team of experienced yet anonymous blockchain engineers. The aim is to incentivize stablecoin use among businesses, increase transactional efficiency, and unlock use cases beyond retail payments. Combined with industry-leading fees and transaction volumes—especially on the Tron network—and strategic Bitcoin reserve management, these developments place Tether at the forefront of digital asset infrastructure. The launch of Stable is expected to accelerate enterprise adoption of USDT, spark innovation from competitors, and deepen stablecoin integration in traditional financial systems. For crypto traders, these advancements present strong bullish signals for USDT, with potential for increased trading activity and further network effects in the Tether ecosystem.

Kraken has launched xStocks, a suite of tokenized U.S. equities such as Apple and Tesla, on the Solana blockchain, partnering with Backed Finance. These tokenized stocks are fully backed 1:1 by the underlying securities and offer 24/7, fractionalized trading, providing greater accessibility and liquidity for global investors. However, xStocks are not available to U.S. customers due to regulatory constraints. The product is designed to appeal especially to younger, high-volatility-focused crypto traders and to international investors unable to easily access U.S. stocks. Trades can be made across multiple DeFi platforms including Coinbase, Orca, and Kamino, bolstering Solana’s DeFi ecosystem integration. Kraken and partners emphasize compliance, aiming to meet EU, Swiss, and Jersey regulations, marking a cautious approach in contrast to Binance’s discontinued similar service due to regulatory challenges. Tokenized real-world assets on blockchain are growing rapidly, now valued at $23.3 billion, with forecasts suggesting the tokenized equity market could reach $250 billion in the coming years. This initiative underscores a renewed push to bridge traditional and decentralized finance, potentially increasing market liquidity and diversification, though ongoing compliance risks remain.

The CoinDesk 20 Index, a benchmark tracking top digital assets across major exchanges, first saw a broad downturn with a 3.2% drop to 3,239.11, as all twenty index constituents declined. Sui (SUI) and NEAR Protocol (NEAR) led initial losses, dropping 6.8% and 5.8%, respectively, while Solana (SOL) and Bitcoin Cash (BCH) showed milder setbacks. This sell-off, marked by increased volatility, suggested a risk-off sentiment and rising caution among crypto traders. In a subsequent market rebound, the CoinDesk 20 Index climbed 2.5% to 3,122.04, reflecting renewed momentum and broad-based recovery in major cryptocurrencies. All 20 assets posted gains in this move, led by Solana (SOL) with a 5.6% rally and NEAR Protocol (NEAR) up 4.9%. Litecoin (LTC) and Bitcoin (BTC) lagged with smaller gains of 0.6% and 1.0%. The shift from sell-off to a strong uptrend signals improving investor confidence and points to short-term upward momentum. Crypto traders should closely track such index movements, as the CoinDesk 20 remains a vital gauge for market sentiment and direction.

Bitwise Chief Investment Officer Matt Hougan and Ripple CEO Brad Garlinghouse have emphasized the crucial role of the XRP community in sustaining the Ripple token’s (XRP) strength and ongoing market relevance. Hougan credits XRP’s continuous success to strong, coordinated user engagement, which has helped the token remain resilient despite ongoing scrutiny from US regulators. Recent events in Las Vegas highlighted a broadening consensus: XRP and Bitcoin serve distinct roles in the crypto ecosystem, and their growth is not mutually exclusive. Garlinghouse has also stated that the Bitcoin community should not be seen as an adversary to XRP. Hougan and Bitwise have noted strong trading volumes and increased institutional interest in XRP, elevating it to one of the most discussed crypto assets. Bitwise previously projected that XRP’s price could reach nearly $30 by 2030, should it attain major traction in the payments and tokenization sectors. In October, Bitwise filed for a spot XRP ETF, but a decision from the US SEC remains pending after recent delays. The ongoing narrative highlights the combined significance of community backing, regulatory outcomes, and potential ETF approvals in influencing both short- and long-term XRP price performance. For traders, the news underscores the need to monitor community sentiment, institutional interest, and regulatory developments closely as drivers of XRP market dynamics.

Bitcoin Pepe Mania, a new meme coin project, has rapidly captured the attention of crypto investors by raising nearly $12.5 million as its presale nears conclusion. Despite a bearish cryptocurrency market and significant losses among major coins like Bitcoin, Ether, Dogecoin, Solana, and Cardano, demand for the Bitcoin Pepe (BPEP) token remains high. This project aims to combine Bitcoin’s decentralized ethos with viral meme culture, offering a Bitcoin layer-2 network that promises Solana-like speed and low fees for developers and users. The presale token price is set at $0.0377, with exchange listings expected shortly after the funding closes. Notably, the development team remains anonymous, amplifying both hype and speculation. Analysts signal that narrative-driven meme tokens like Bitcoin Pepe can attract significant trading volume and potentially outperform other memecoins upon launch. Traders should anticipate high volatility and strong upside potential for BPEP after listing, reflecting an increasing risk appetite for high-reward meme coins amid ongoing market uncertainty.

The artificial intelligence (AI) crypto sector has seen rapid expansion, with its market capitalization climbing from $4.5 billion in 2023 to nearly $20 billion in 2025. This surge is driven by growing adoption of AI-powered crypto projects, increased institutional interest, and evolving regulatory clarity. Key players like Stripe, Meta, Coinbase, and several major banks are entering the space as new legislation, such as the anticipated GENIUS stablecoin bill and updates to crypto market structure, signal a more regulated environment. Stablecoins are emerging as central to powering programmable payments and supporting AI-driven agents within the ecosystem. Leading tokens in this sector include TAO, the native asset for Bittensor, which is set for its first halving, potentially increasing its scarcity and price outlook. Projects like Prime Intellect and Grass are pioneering distributed AI training and data monetization models, with Grass generating significant non-financial revenue by selling web data to AI labs. Upcoming launches from Prime, Gensyn, and Nous Research highlight ongoing innovation and sector energy. Weekly gains for some tokens have surpassed 6%, with projects like Virtuals Protocol showing double-digit growth. This blending of AI and blockchain technologies is creating new opportunities in decentralized data management, computing power, and content creation, further embedding AI crypto as a high-growth area. Traders should closely watch this sector as institutional investment, upcoming token events, regulatory advances, and technological innovation are likely to fuel continued market volatility and opportunity.

Solana (SOL), Ethereum (ETH), and MAGACOIN FINANCE are attracting significant attention from crypto traders entering the June trading cycle. Recent market analysis highlights a resurgence in trading activity and a shift in sector sentiment, with SOL and ETH reclaiming key price levels and benefiting from network upgrades and expanding ecosystems. While Solana and Cardano have demonstrated resilience by holding above important price thresholds, their mature market narratives and well-known price caps may limit near-term explosive upside. As a result, traders are increasingly exploring early-stage tokens such as MAGACOIN FINANCE, which is in its pre-listing phase and emphasizing exclusivity, liquidity, and potential scarcity-driven gains. Analysts note that heightened focus on these coins—particularly with recent developments in the Solana and Ethereum communities—has historically driven short-term volatility and created both opportunities and risks for traders. Overall, these assets are set to shape market trends throughout June, highlighting potential for both rapid price movement and measured portfolio strategies amid evolving crypto market dynamics.

The AI cryptocurrency sector experienced a significant $6.3 billion market cap correction—down 13.3%—primarily triggered by Moody’s downgrade of U.S. debt, amplifying broader market volatility. Despite this downturn, both institutional and retail investor interest in AI crypto remains robust. Bitcoin displayed notable stability, holding above $100,000 and capturing a 62.9% market dominance, highlighting ongoing faith in established digital assets during macroeconomic uncertainty. Binance capitalized on growing AI and Web3 narratives by launching new AI-related tokens, Privasea AI (PRAI) and Alaya AI (AGT), and employing an Alpha Points community rewards model to fuel engagement and project investment. Meanwhile, venture capital firm A100x announced a $50 million fund for early-stage AI and blockchain startups, signaling continuing confidence in the sector’s long-term growth potential. In response to escalating social engineering attacks—such as those recently affecting Coinbase, with potential losses up to $400M—major exchanges including Binance and Kraken have adopted AI-powered security solutions. While short-term volatility has increased, the influx of innovation, new listings, and strategic investment highlight the sector’s growing resilience and ongoing opportunities for crypto traders focused on AI and Web3 assets.

Bitcoin mining company Hut 8 recorded a 79% increase in operational hashrate to 9.3 EH/s for Q1 2025, reflecting extensive upgrades to its ASIC mining fleet and a focus on expanding mining capacity. Despite this operational achievement, Hut 8 posted a net loss of $134.3 million on $21.8 million in revenue, attributed to significant investments and the launch of its new American Bitcoin subsidiary, which integrates Hut 8’s crypto mining operations with data infrastructure and targets future IPO potential. The company managed 1,020 MW power capacity as of March 31, 2025, with rights to expand by an additional 2,600 MW, signaling ambitious growth plans. Operational highlights were further supported by a 37% improvement in mining efficiency and strong Bitcoin holdings. Despite financial losses, the announcement drove a modest 2.2% share price increase to $12.66, though the stock remains down over 38% year-to-date. The latest report comes as competitor Core Scientific reported strong profits despite falling mining margins. Meanwhile, a Cambridge study revealed that 52.4% of global Bitcoin mining now utilizes sustainable energy sources, with natural gas overtaking coal. Hut 8’s ongoing investments, sustainability focus, and infrastructure projects position it for potential long-term growth in the evolving Bitcoin mining sector.

Former US President Donald Trump has renewed attacks on Federal Reserve Chair Jerome Powell after the central bank left interest rates unchanged for a third straight month, calling Powell ’slow and ineffective’. Simultaneously, Trump introduced a new 10% minimum import tariff on countries with US trade agreements, with even higher rates for nations running sizable trade surpluses, citing efforts to protect US interests and combat inflation. He highlighted the recent US-UK trade deal, maintaining a 10% US tariff on UK goods while the UK lowers tariffs on US products. While UK leaders expressed optimism, analysts warned the agreement was limited and hard to replicate with larger partners. Trump insists his trade and monetary policies are driving down costs and increasing tariff revenues. These developments—sharp political scrutiny of Fed policy and escalating global trade tensions—could fuel speculation in financial markets, impacting USD liquidity, risk sentiment, and ultimately influencing cryptocurrency valuations, as traders respond to changing US economic and trade directions.

This unified guide outlines the safest ways to sell Pi Coin in 2025, integrating the latest market developments and practical steps. After Pi Coin’s price plunged about 79% from its February 2024 peak of $2.98 to $0.62 in April 2025, many holders are looking for secure exit strategies. Selling requires setting up a Pi Wallet via the Pi Browser App, completing strict KYC through the Pi Network App, and transferring Pi to your mainnet wallet. Traders can choose centralized exchanges (CEXs) like OKX, MEXC, Gate.io, and Bitget—offering better security, liquidity, and regulated trading pairs (all with mandatory identity verification)—or use peer-to-peer (P2P) platforms such as Coinskro, Telegram, and Discord communities, where flexible deals come with higher risks. The guide details CEX trading pairs, fee structures, and essential safety tips for P2P trading, highlighting the need for escrow and careful identity checks. Market sentiment remains cautious due to Pi Network’s delayed open mainnet and slow ecosystem growth, with 2025 price forecasts in the $1.71–$2.94 range if adoption improves. Traders are advised to do their own research (DYOR), assess risk, and time sales strategically given low liquidity, subdued user activity, and ongoing uncertainty.

Kraken, a leading cryptocurrency exchange, posted a robust 19% year-over-year increase in Q1 2025 revenue, growing to $472 million. The exchange also achieved a 19% uptick in adjusted EBITDA, reaching $187 million, underscoring strong financial health. Trading volumes surged 29% over the previous year, and funded accounts rose 26%, reflecting increased market activity and user growth. Kraken finalized the acquisition of US-based NinjaTrader, bolstering its presence in the futures and derivatives segment and broadening its suite of digital asset and advanced instruments for traders. The new integration aims to make Kraken a more competitive, comprehensive platform by attracting both traditional and crypto users. These developments come as the cryptocurrency market stabilizes and regulatory clarity improves, positioning Kraken as a dominant industry player. The expansion of services, rising trading volume, and positive revenue trajectory could signal renewed optimism and potentially stronger trading activity for both institutional and retail crypto participants.

The cryptocurrency market has experienced notable volatility, shifting from ’greed’ to ’neutral’ sentiment after high-profile disputes among influential figures like Donald Trump and Elon Musk, resulting in a 4% drop in overall crypto market capitalization. Despite this retreat, recent data shows that Bitcoin (BTC) has rebounded strongly from the $100,000 support zone, with analysts predicting a possible rally to $115,000 as early as July, fuelled by expectations of a Federal Reserve interest rate cut and sustained Bitcoin ETF inflows. While US Bitcoin ETFs saw significant $278 million outflows amid uncertainty, Ethereum ETFs reported consecutive inflows, reflecting shifting investor preferences. Altcoins have shown mixed performance: Cardano (ADA) is up 40% year-to-date with surging volume, though network congestion persists; Sui (SUI), focused on gaming and high-performance decentralized apps, has dropped 30% during recent corrections but is considered a potential growth play. Meanwhile, Bitcoin Pepe (BPEP)—a meme coin introducing the PEP-20 standard for low-cost, rapid transactions on Bitcoin—has raised over $13.9 million in its presale and is set to list on major exchanges after June 17, attracting bullish sentiment for its technological innovation and community support. The evolving macroeconomic environment, including Uber’s exploration of stablecoin payments and institutions like JPMorgan engaging with crypto, contributes to sector-wide uncertainty but also highlights emerging opportunities. Many traders are closely monitoring whether a renewed Bitcoin rally could trigger an “altcoin season,” with BPEP, ADA, and SUI identified as leading picks for potential upside.

The meme coin sector is evolving, with established tokens like Shiba Inu (SHIB) and Pepe (PEPE) losing momentum and new projects, such as Codename:Pepe and FARTCOIN, gaining traction. Codename:Pepe stands out by combining meme culture with real utility, AI-powered trading tools, and a community-led approach. The project boasts an audited Ethereum ecosystem, an AGNT utility token offering access to AI insights, governance, and profit-sharing, and plans a major launch in Q3 2025. This narrative is poised to increase user engagement and trading volume, establishing Codename:Pepe as a strong competitor as the meme coin market matures. Meanwhile, FARTCOIN, built on Solana, focuses on humorous, meme-driven participation paired with AI-powered content but hasn’t disclosed price data. With older meme coins waning, traders are increasingly drawn to tokens offering advanced features or stronger social engagement. These trends suggest heightened volatility and new trading opportunities, especially as Codename:Pepe prepares for its Q3 2025 rollout and aims to set new standards in the meme coin sector.

The U.S. Senate Agriculture Committee will hold a hearing on June 10 to consider Brian Quintenz, a former CFTC commissioner with strong crypto industry ties, as President Trump’s nominee for Commodity Futures Trading Commission (CFTC) chair. Quintenz, previously policy head at a16z Crypto, is recognized for his pro-crypto stance and advocacy for lighter digital asset regulation. His nomination follows a period of leadership instability at the CFTC, with several recent commissioner resignations leaving only two confirmed members on the five-seat panel. Significant ethical concerns have been raised over Quintenz’s $3.4 million in crypto-related holdings and his board position at prediction market platform Kalshi, raising questions about potential conflicts of interest. If confirmed, Quintenz could help shape U.S. crypto regulation, including DeFi, crypto derivatives, and blockchain-based clearing, with the possibility for Trump to nominate up to four new commissioners, potentially shifting the CFTC’s regulatory approach. This development signals potential for increased regulatory clarity and innovation in the U.S. crypto market, though it could also intensify scrutiny over regulator-industry boundaries.

Bitcoin’s bullish momentum has been reaffirmed by key technical indicators, with both the State of the Trend (SOTT) and Optimized Trend Tracker (OTT) now signaling a major uptrend on weekly and monthly charts. According to multiple analysts, including Titan of Crypto and Stockmoney Lizards, these indicators have reliably preceded large price rallies in previous cycles. After a recent surge past $95,000, Bitcoin is consolidating, but projections suggest potential highs between $120,000 and $135,000 in the short term and a possible extension to $200,000–$250,000 by 2025. On-chain analytics from Glassnode identify $120,000 as a significant resistance level, likely to attract selling pressure as exchange inflow wallets decrease, showing stronger holder conviction. Macro factors such as the global M2 money supply expansion and comparisons to historical gold rallies further support the bullish case, with long-term forecasts reaching up to $450,000. Nonetheless, traders are cautioned against overexuberance, recalling past corrections—such as a 30% drop after last year’s major conference—suggesting prudent risk management is essential. The consensus remains bullish, but vigilance and tactical positioning are recommended as Bitcoin attempts to confirm its next breakout toward new all-time highs.

US Representative Bryan Steil, chair of the House Financial Services Subcommittee on Digital Assets, has reiterated the importance of keeping cryptocurrency regulation legislation focused and free from unrelated political issues. Steil argues that adding non-germane items delays the creation of clear, modern regulatory frameworks vital for the crypto sector. The push comes amid growing partisan tensions, especially after Democrats initially withdrew support for the GENIUS Act—focused on stablecoin regulation—due to concerns over former President Trump’s crypto activities, which Steil labeled as irrelevant. Despite these obstacles, the GENIUS Act passed a key Senate vote, and recent proposals build upon the FIT21 Act, with both bills seen as practical steps toward comprehensive digital asset market structure reform. Steil remains optimistic about bipartisan engagement and anticipates the passage of major crypto bills, such as his Stable Act and the GENIUS Act, which are designed to foster innovation, enhance consumer protection, and deliver regulatory clarity in the US. For crypto traders, progress on these legislative fronts could profoundly impact market stability, institutional confidence, and the regulatory landscape for digital assets.

The US Commodity Futures Trading Commission (CFTC) has intensified its scrutiny of perpetual contracts—a core derivative product in the cryptocurrency market. In response to mounting regulatory concerns over unauthorized access by US residents, the CFTC called for public comments on 24/7 perpetual swaps in decentralized finance (DeFi) and indicated stricter enforcement against non-compliant platforms. Leading industry players, including Hyperliquid Labs, Coinbase, Uniswap Foundation, and dYdX, submitted formal recommendations advocating for regulatory clarity, improved risk oversight, and parity between centralized and decentralized exchanges. As a result, many crypto exchanges and DeFi projects are tightening access for US users and exploring technical measures to block prohibited trading. While industry leaders acknowledge that clear regulations are crucial for stability, they warn that excessive restrictions may drive innovation and liquidity offshore. The regulatory review, closing May 21, 2025, could reshape the availability of leverage products, trading volumes, and set a precedent for global standards in perpetual derivatives. Crypto traders should closely monitor these developments, as changes in compliance requirements and regulatory policies may significantly impact trading opportunities, user experience, and market liquidity.