According to Eleanor Terrett, the US legislative process for digital assets is advancing with key votes scheduled. The GENIUS Act is expected to face a vote tomorrow, while the CLARITY Act could be voted on as early as next week. In a significant development for the crypto market, language opposing a Central Bank Digital Currency (CBDC) is slated to be attached to the National Defense Authorization Act (NDAA). Terrett notes that these upcoming votes are procedural, focusing on the rules for debate rather than the final passage of the bills themselves, indicating that the legislative journey is progressing but still has several stages remaining.

According to BitMEX Research, the UK Chancellor of the Exchequer may be considering a large-scale sale of Bitcoin (BTC) in a manner reminiscent of former Prime Minister Gordon Brown's sale of UK gold reserves. This historical reference alludes to the sale of gold at multi-decade lows between 1999 and 2002, which is now widely seen as a poor financial decision. For traders, this tweet suggests a significant potential downside risk for Bitcoin's price, as a government-level sell-off could flood the market and depress values, creating a major bearish catalyst.

According to Crypto Rover, the U.S. House of Representatives has scheduled another procedural vote for key crypto bills for tomorrow at approximately 12:20 PM (source: @rovercrc). The analyst expressed strong confidence that these legislative bills are expected to pass (source: @rovercrc). This development is a significant event for the digital asset market, as the passage of clear regulatory frameworks could heavily influence investor sentiment and the operational environment for cryptocurrencies in the United States.

According to @iampaulgrewal, there is a strong case for US lawmakers to vote in favor of pending crypto bills. He highlights that Representative Warren Davidson, who is known for his strong anti-CBDC stance, is expected to support the legislation. Grewal argues that if a prominent CBDC critic can approve of the bills, concerns over CBDCs or freedom should not be an obstacle for other lawmakers, urging them to pass the legislation which could bring significant regulatory clarity to the US crypto market.

According to Eleanor Terrett, a procedural vote for significant crypto bills in the U.S. House of Representatives has failed. The failure reportedly stemmed from opposition by a group of GOP Freedom Caucus members who expressed concerns regarding Central Bank Digital Currencies (CBDCs) and felt the proposed legislation was not sufficiently robust. This legislative setback introduces continued regulatory uncertainty for the digital asset market, a key factor for traders assessing risk in the U.S. jurisdiction.

According to Paul Grewal, a judge has raised concerns about whether a cell phone belonging to a Tornado Cash founder can be admitted as evidence, with a final decision deferred until the trial. This development adds to the legal uncertainty surrounding the privacy protocol, a key factor for traders monitoring the potential price impact on the TORN token pending the trial's outcome.

According to @_RichardTeng, Binance has co-hosted an International Summit with the Taiwan Bitcoin and Virtual Asset Development Association, signaling a strong focus on the Taiwanese market. During the summit, CEO Richard Teng shared his perspective on current industry and regulatory trends, reaffirming Binance's commitment to fostering the growth of Taiwan's Web3 ecosystem. For traders, this strategic engagement highlights Binance's efforts to collaborate with local entities and navigate regulatory landscapes, which could foster a more stable and growing market environment in the region.

According to @_RichardTeng, the CEO of Binance, 2025 is poised to be 'the year of crypto.' In a statement, Teng cited two major catalysts for this optimistic outlook: the continued rise of Bitcoin (BTC) and the stated desire from the U.S. President to make the United States the global capital for cryptocurrency. These factors suggest a potentially bullish environment for traders, as increased political support and mainstream adoption, driven by efforts from major players like Binance, could lead to significant market growth.

According to @dydxfoundation, the crypto industry is at risk of its foundational cypherpunk values being diluted by mainstream adoption and political co-option. The author argues that actions like Coinbase sponsoring political events and the rise of corporate lobbying by firms like Ripple signify a departure from crypto's original mission to counterbalance centralized power, confusing corporate milestones with ideological validation (source: @dydxfoundation). This trend contrasts with grassroots innovation, such as MANSA using stablecoins to facilitate $92 million in payments for underserved clients in Africa (source: @dydxfoundation). From a trading perspective, the market shows resilience amidst this debate. Current data indicates Bitcoin (BTC) is trading at $108,694, up 0.36%, with a 24-hour high of $109,200. Ethereum (ETH) is priced at $2,611.92, marking a 2.53% increase, while Solana (SOL) trades at $152.37, up 1.5% (source: provided market data).

According to @dydxfoundation, major technical upgrades are underway across leading blockchains, creating new trading opportunities. A new proposal, EIP-7782, could double Ethereum's (ETH) speed by reducing its slot time to six seconds, with a potential implementation in the 2026 Glamsterdam upgrade, according to core developer Barnabé Monnot. In a significant development for interoperability, Ripple has officially launched the XRP Ledger's EVM sidechain on the mainnet, allowing developers to deploy Ethereum-based dapps using XRP as the native gas token, as stated in a Ripple blog post. The Bitcoin (BTC) ecosystem is also expanding, with the Botanix Layer-2 network going live to offer EVM compatibility and five-second block times. On the institutional front, Wall Street broker Bernstein raised its price target for Coinbase (COIN) to $510, citing its role as crypto's 'universal bank,' while Deutsche Bank is reportedly planning a crypto custody service for 2025. Regulatory developments include Norway's plan to ban new proof-of-work crypto mining and Texas becoming the first U.S. state to create a publicly-funded Bitcoin reserve.

According to @lookonchain, Bitcoin (BTC) is demonstrating resilience by holding above the crucial $100,000 psychological threshold despite escalating geopolitical tensions in the Middle East. Analysts at QCP Capital attribute this stability to significant and continued institutional accumulation, evidenced by Strategy adding over 10,000 BTC and The Blockchain Group purchasing 182 BTC. Further positive sentiment comes from the US Senate's approval of the GENIUS Act for stablecoins, which the market interprets as a structural win for the crypto industry. However, derivatives data from Deribit signals trader caution, with a notable bias for protective put options at strike prices between $90,000 and $100,000. On the technical front, Chainlink's LINK token has confirmed renewed bearish momentum by dropping below the Ichimoku cloud, with immediate support identified at the $12.6 level.

According to @WhiteHouse, Donald Trump's administration plans to work towards creating "clear and simple market frameworks" to help America dominate the future of crypto and Bitcoin (BTC). This policy stance was revealed at Coinbase's State of Crypto Summit. Separately, a geopolitical announcement from Trump regarding a "complete and total ceasefire" between Iran and Israel triggered a significant market rally. Following the news, Bitcoin (BTC) price surged nearly 3%, breaking past $106,000 after recently dipping to a low of $98,500. The positive sentiment extended to altcoins, with Ether (ETH), XRP (XRP), and Solana (SOL) posting substantial gains of 8% to 10%, highlighting the crypto market's sensitivity to major geopolitical events.

According to @WhiteHouse, a clearer timeline for U.S. crypto regulation has emerged, potentially boosting market sentiment for assets like Bitcoin (BTC) and Ethereum (ETH). U.S. Senator Tim Scott has set a new deadline of September 30 for passing a comprehensive crypto market structure bill, a timeline he described as a "realistic expectation." This development provides a key date for traders to watch, although potential delays remain as the House of Representatives has not committed to the Senate's pace, particularly on a separate stablecoin bill. Complementing this regulatory news, macroeconomic optimism is growing as the odds of a 2025 U.S. recession on the crypto prediction platform Polymarket have plunged to 22%, the lowest since February and down from a high of 66% in April. This improved economic outlook, driven by easing trade tensions, is historically bullish for risk assets, including the cryptocurrency market.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new target deadline of September 30 for completing a comprehensive crypto market structure bill, a move that could provide significant regulatory clarity for the digital asset space. This timeline was confirmed to a White House crypto adviser, although it faces potential hurdles from disagreements with the House on a separate stablecoin bill and a lack of matching urgency from the Senate Agriculture Committee, as per the source. Simultaneously, the macroeconomic outlook is improving for risk assets like cryptocurrencies, with betting odds on a 2025 U.S. recession plunging to 22% on the prediction market Polymarket, their lowest point since February. This decline in recession fears, down from a high of 66% in April, is attributed to easing trade tensions. In the current market, Ethereum (ETH) is trading around $2,557, down 0.24% over 24 hours, while its ratio against Bitcoin (ETH/BTC) has decreased by 1.14%, indicating slight underperformance against the leading cryptocurrency.

According to @moonshot, the cryptocurrency landscape presents a stark contrast: while blockchain technology is revolutionizing traditional finance, predatory venture capital models are stifling Web3's growth. The author points to major asset managers like BlackRock, whose tokenized money market fund has surpassed $2.5 billion in AUM, and Apollo, which has moved over $100 million on-chain, as proof of blockchain's power to modernize operations and create new investment vehicles. However, @moonshot warns that many Web3 projects are funded by 'Ponzi VCs' who prioritize rapid token exits over building sustainable products, citing a $198 million SEC fraud case as a prime example of this destructive trend. This dynamic contributes to market instability and erodes trust, impacting major assets like Ethereum (ETH) and Solana (SOL), which have seen 24-hour price declines of 1.68% and 1.78% respectively. The author argues that for Web3 to succeed, the funding model must shift from speculative hype to rewarding genuine utility and long-term value.

According to @rovercrc, prominent financial advisor Ric Edelman is now recommending investors consider allocating up to 40% of their wealth to cryptocurrency, a significant increase from his previous advice. Edelman cites a "massive change" in the industry, including growing political support and mainstream acceptance, as the primary drivers for this aggressive stance. This sentiment is mirrored by the increasing integration of crypto into public equity markets, highlighted by several major IPOs. Aaron Brogan of Brogan Law points to the successful Circle Internet Group (USDC) IPO, which raised $1.05 billion and saw its market cap soar to $43.9 billion. Brogan theorizes this success could be due to factors like the premium public markets pay for crypto exposure, potential regulatory clarity from the GENIUS Act for stablecoins, and lucrative Treasury yields for issuers. Further supporting the bullish outlook, CoinShares CEO Jean-Marie Mognetti revealed that a recent survey shows nearly 90% of crypto holders plan to increase their allocations and are seeking expert guidance on risk management and secure investment vehicles like ETFs.

According to @AltcoinGordon, Bitcoin (BTC) is positioned to rally towards a new all-time high, driven by a combination of positive macroeconomic shifts, increasing regulatory clarity, and strong market sentiment. A Coinbase Research report highlights an improved U.S. economic outlook, with the Atlanta Fed’s GDPNow tracker jumping to 3.8%, which eases recession fears. This, coupled with a record $21.9 trillion U.S. M2 money supply and soaring equity markets, is expected to channel capital into alternative assets like BTC. Key regulatory developments, including the progression of the GENIUS (stablecoin) and CLARITY (market structure) bills, are providing a clearer framework for the industry. Furthermore, the SEC is reviewing over 80 crypto ETF applications, with potential decisions as early as July, which could act as a major catalyst. The source also notes that while corporate adoption of crypto is rising, altcoins may lag BTC unless they receive specific catalysts like individual ETF approvals.

According to @KookCapitalLLC, shares of stablecoin issuer Circle (CRCL) have surged over 750% since its IPO, reaching a record high near $299. This rally places Circle's market capitalization at approximately $60 billion, nearing the $61.3 billion supply of its USDC stablecoin and approaching the valuation of Coinbase (COIN), as cited in the source. The primary catalyst for this explosive growth is the U.S. Senate's passage of the GENIUS Act, a landmark bill aimed at regulating stablecoins. Bernstein analysts noted this legislation could "re-shore stablecoin innovation" to regulated U.S. firms like Circle, making USDC's legal treatment closer to digital cash. However, some analysts warn the valuation may be overextended. Jon Ma, CEO of crypto analytics firm Artemis, pointed out that Circle trades at extremely high multiples, including 32 times its revenue and 285 times its earnings, suggesting limited upside based on its current model.

According to @rovercrc, multiple factors are creating a bullish outlook for Bitcoin (BTC). A Coinbase Research report points to a constructive crypto market in the second half of 2025, fueled by stronger U.S. economic growth projections, as indicated by the Atlanta Fed’s GDPNow tracker, and significant regulatory progress, such as the GENIUS Act and the CLARITY Act. The report also notes that while corporate adoption is increasing demand, it introduces risks if firms fund crypto purchases with convertible debt. Separately, Matt Mena of 21Shares suggests that recent softer-than-expected U.S. inflation data could be a major bullish catalyst, putting a Bitcoin price of $200,000 by the end of this year "firmly in play." Mena argues that cooling inflation increases the likelihood of Federal Reserve policy easing, which could accelerate institutional investment and ETF inflows, reinforcing Bitcoin's role in global portfolios.

According to @MilkRoadDaily, Elon Musk announced on X that his planned 'America Party' will embrace Bitcoin (BTC), stating that 'fiat is hopeless.' This new political party is envisioned to have a pro-tech, pro-free speech, and anti-regulation agenda. Musk, a long-time cryptocurrency supporter whose companies Tesla and SpaceX hold BTC on their balance sheets, is forming the party following a political split. This development could represent a significant step towards political and mainstream adoption of Bitcoin. Currently, Bitcoin (BTC) is trading at approximately $107,927.57, reflecting a slight 24-hour decrease of around 0.93%, while market participants watch for potential impacts from such high-profile endorsements.