Technology
Stablecoins
Circle stock leaps to $200 record after 34% daily gain
Besides CRCL, Coinbase and Robinhood shares also climbed on the GENIUS Act progressing in the Congress.
Stablecoins
Distribution or death: Arthur Hayes says only exchange-backed or bank-linked stablecoins can thrive
The BitMEX co-founder argued in a recent post that the stablecoin game is locked by new and old consolidated players.
Banking
DAMA 2: Deutsche Bank unveils institutional tokenization stack to fast-track regulated funds
Axelar Network and Memento Blockchain add interoperability and security through their tech infrastructures.
Legislation
US Senate approves landmark GENIUS Act for stablecoin regulation
Senate's approval of the GENIUS Act could position stablecoin issuers as leading holders of US Treasuries by 2030.
Market
Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate
Despite a 2% daily retraction, Bitcoin registered relatively strength, as major altcoins corrected up to 6% in the same period.
Banking
JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers
The JPMD, registered on June 16, represents a claim on deposits held at the bank and differs from stablecoins that rely on segregated securities reserves.
Legislation
Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act
Scott Bessent said predictions that stablecoins will reach $3.7 trillion market cap by 2030 become more likely with a GENIUS Act approval.
Layer-2
Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation
Ink Foundation to unleash 1 billion INK tokens, steering decentralized finance through airdrop incentives.
Analysis
Bitcoin delivers 90% risk-adjusted return to 60/40 portfolios with 10% allocation, 2x gold’s risk efficiency
Analysts recently highlighted the importance of Bitcoin to fulfill the hedging role in portfolio, partially replacing bonds.
Memecoins
Dozens of memecoin-related X accounts including Pumpfun suspended for unknown reasons
As of press time, neither X nor the profiles involved published an explanation regarding the suspensions.
Analysis
Bitcoin reclaims $108k amid upward consolidation as war tensions show signs of easing
Despite reversing the correction started on June 12, Bitcoin must break the top of the current consolidation channel to confirm further upside.
Stablecoins
JPMorgan files ‘JPMD’ trademark for digital asset payment services, hinting at potential stablecoin
The filing comes less than one month after reports that major US banks were teaming up to launch a stablecoin.