The Federal Reserve proposes a stablecoin issuer rulebook under the GENIUS Act
--
The Federal Reserve has proposed a rulebook under the GENIUS Act for stablecoin issuers, incorporating cryptocurrencies into US banking policies. （The Bitcoin Historian）
At present, only 3.49% of the ETH supply remains on the exchange, with an additional 1.16% of the supply flowing out since June 1st. About 35% of the ETH has been used for staking, with a lock up value of $53 billion in the Ethereum DeFi field. BitMine reported staking over 5 million ETH this month. （Santiment）
The US Senate rejected a resolution restricting Trump's authority to wage war against Iran by a vote of 50 to 49, which called for the president to withdraw US troops involved in hostile actions against Iran. (Source: The Wall Street Journal)
Michael Terpin stated in an interview that the supply shock of Bitcoin may drive the Bitcoin super cycle and cause the Bitcoin price to reach $1 million.
According to Chainalysis data, cross-border stablecoin fund flows increased by 77.5% year-on-year. Although 4708 new inter country transfer paths were identified, these paths only carried $2.64 billion, accounting for a relatively small proportion of the total statistical amount of $220.3 billion. The cross-border flow of stablecoins is dominated by a few major channels.
