US Senate passes stablecoin GENIUS bill Trump calls for Iran surrender
転載元： jinse
06/18/2025·5DHeadlines
▌The US Senate passed the stablecoin "GENIUS Act", and the focus turned to the House of Representatives
The U.S. Senate passed the landmark GENIUS Act on Tuesday, pushing the U.S. federal government’s regulatory efforts on stablecoins and putting pressure on the House of Representatives to plan the next phase of its national efforts to regulate digital assets. This is the first time that the Senate has passed important cryptocurrency legislation. Republican Senator Bill Hagerty, the sponsor of the GENIUS Act, thanked some of his colleagues for their support before the official vote. Less than a week ago, lawmakers voted to pass the bill with an overwhelming majority, and many expected it to be passed. Next, the House needs to decide how to move forward. In April this year, the House Financial Services Committee proposed its own stablecoin legislation - the "Stablecoin Transparency and Accountability Promotes a Better Ledger Economy Act." However, the bill has not been submitted to the House of Representatives for a full vote.
▌Trump calls for Iran to surrender unconditionally
US President Trump posted on social media, calling for Iran to surrender unconditionally.
Quotes
As of press time, according to CoinGecko data:
The BTC price is US$104,691, with a 24-hour ups and downs of -2.2% ;
The ETH price is US$2,516.29, with a 24-hour ups and downs of -2.0% ;
The price of BNB is US$648.83, with a 24-hour ups and downs of -0.5% ;
The SOL price is US$148.20, with a 24-hour ups and downs of -2.4% ;
DOGE price is US$0.1701, up and down -2.4% in 24 hours;
XRP price is US$2.16, with a 24-hour ups and downs of -4.4% .
The price of TRX is US$0.2718, with a 24-hour ups and downs of -1.4% .
policy
▌The Federal Reserve will hold a meeting to discuss relaxing bank leverage requirements
The Fed will meet to discuss plans to relax leverage requirements for large banks, which is expected to open a broad plan to reconsider bank rules. The Federal Reserve announced that it will hold a council meeting on June 25 to discuss revisions to the so-called "supplementary leverage ratio", which requires banks to provide capital for their assets regardless of risk. This will be the first meeting of Fed Director Bowman after he was confirmed as the Fed's top regulatory official. The easing of leverage requirements may be the first of several Fed's plans for relaxing rules, Bowman aims to reform the way the Fed regulates and oversees some of the largest and most complex banks in the United States. The Fed did not provide any details of the proposal being considered, but banks have requested for years to modify the supplemental leverage, which could exempt traditionally safe assets, or modify the formula used to calculate the leverage. Banks say supplemental leverage may actually hinder their ability to enter the middle Treasury market during periods of stress.
▌U.S. President Trump hopes to completely resolve nuclear issues with Iran
According to a reporter from CBS, US President Trump hopes to completely resolve the nuclear issue with Iran. Israel is not expected to slow down its actions against Iran.
▌U.S. attack on Iran is one of the options Trump considers
According to the Wall Street Journal, U.S. government officials said Trump was considering a range of options when he met with senior advisers in the situation room on Tuesday, including a possible U.S. attack on Iran. Officials said no decision has been made yet. Trump, who has been urging diplomatic solutions to the problem, wants to ensure Iran cannot develop its nuclear capabilities.
▌Thailand Cabinet Approves Five-Year Personal Income Tax Exemption on Profits in Cryptocurrency Sales
According to Bitcoin Magazine, the Thai cabinet approved a five-year personal income tax exemption policy for profits from cryptocurrency sales.
Blockchain application
▌JPMorgan will pilot the issuance of deposit tokens JPMD on the Base network
JPMorgan Chase & Co. will launch a token pilot called JPMD, which represents the world's largest bank's dollar deposits, indicating that financial institutions are further deepening their digital assets. A deposit token JPMD will be issued on a blockchain related to Coinbase. In the next few days, the bank will conduct a transaction to transfer a certain amount of JPMD from the bank's digital wallet to Coinbase Global Inc., the largest cryptocurrency trading platform in the United States, according to Naveen Mallela, global co- head of Kinexys, JPMorgan Chase blockchain unit.
▌Coinbase seeks US SEC approval to provide blockchain-based stocks
According to market news, Coinbase seeks approval from the Securities and Exchange Commission (SEC) to provide blockchain-based stocks.
▌Plasma: The deposit limit will no longer be increased, the total limit is US$1 billion
The official statement of the stablecoin project Plasma stated, "The deposit limit will no longer be increased, with a total limit of US$1 billion. With the recharge channel closed, the system will remain in operation. Users can still withdraw money at any time before the lockdown period begins, but withdrawal or transfer of certificate tokens will reduce the allocated share."
▌OKX announced its official entry into the German and Polish markets
According to the official announcement, OKX announced that it has officially launched a fully compliant centralized cryptocurrency trading platform in Germany and Poland, where users of Germany or Poland can trade more than 270 cryptocurrencies, including more than 60 cryptocurrencies trading pairs with the euro.
▌Deutsche Bank plans to launch a tokenization platform in November
Deutsche Bank is preparing to launch a minimum viable product (MVP) for asset tokenization and services for its blockchain-as-a-service platform in November 2025, aiming to reduce the up-term hardware and infrastructure costs of companies exploring tokenization. The platform will allow asset managers, wealth consultants and other financial companies to create, distribute tokenized assets and support service tokenization. It is reported that Deutsche Bank has previously conducted experiments on tokenized assets through its digital asset management platform Digital Asset Management Access 2 (Dama 2).
▌VanEck will launch VanEck PurposeBuilt Fund
Asset management company VanEck announced plans to launch a private digital asset fund called VanEck PurposeBuilt Fund this month, which is expected to be managed by VanEck's Digital Asset Alpha Fund (DAAF) team. It will focus on the Avalanche blockchain ecosystem, invest in tokenized Web3 projects in industries such as gaming, financial services, payments and artificial intelligence, and invest in projects with long-term token utility in the Token Generation Event (TGE) stage.
▌Liu Qiangdong: JD.com will apply for a stablecoin license in major currencies in the world
Liu Qiangdong, chairman of the board of directors of JD.com, said in a sharing meeting that JD.com hopes to apply for stablecoin licenses in all major currencies in the world, and then achieve exchanges between global companies through stablecoin licenses, reducing global cross-border payment costs by 90%, and increasing efficiency to within 10 seconds. "Now, it takes an average of 2 to 4 days to remit money between enterprises, and the cost is quite high. After the B-side payment is completed, we will penetrate into the C-side payment. I hope that one day everyone can use JD stablecoin to pay when spending around the world." Liu Qiangdong said.
Cryptocurrency
▌USDC Treasury destroyed more than 130 million USDCs in Solana chain
According to monitoring by Whale Alert, the on-link data tracking service, at around 2:07 pm on the 17th, USDC Treasury destroyed 63,055,257 USDCs on the Solana chain. In addition, at around 12:45 noon on the 17th, USDC Treasury destroyed more than 69 million USDCs on Solana.
▌U.S. SEC delays approval of Franklin XRP and Solana spot ETF
According to market news, the U.S. Securities and Exchange Commission (SEC) delayed the approval of the Franklin XRP spot ETF and the Solana spot ETF.
▌Ark Invest reduces Circle stock by $51.7 million
Ark Invest, a subsidiary of Cathie Wood, cut its holdings of 342,658 shares of Circle shares through its three ETFs on Monday, with a total value of $51.7 million. Circle shares rose 13.1% on the day to close at a record high of $151.06, close to five times its $31 IPO price.
▌Interactive Strength completes its first round of US$55 million financing and begins to purchase FET tokens in the open market
Interactive Strength Inc. (NASDAQ: TRNR) announced the completion of its first $55 million financing and has begun purchasing AI token FETs in the secondary market through BitGo. The company is expected to become the largest cryptocurrency vault holder among publicly traded U.S. companies focusing on AI tokens. The financing is provided by private equity firm ATW Partners and cryptocurrency market maker DWF Labs.
▌DDC Enterprise plans to raise US$528 million to expand Bitcoin reserves
New York Stock Exchange listed company DDC Enterprise Limited announced that it has signed three securities purchase agreements, which are expected to raise up to US$528 million after deducting allotment agency fees and issuance fees. Investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital and a network of leading institutional funds and individual Bitcoin investors, all raised funds will be used to expand the company's Bitcoin reserves.
Important economic trends
▌Federal Mickey Box: If it is not a risk to price, the Fed will prepare for a rate cut this week
"Federal Mickey Bottle" Nick Timiraos: There is good reason to believe that if it were not for the risks posed by tariffs to prices, the Fed would have been preparing to cut interest rates this week because inflation has improved in the near future. I think the past five years have changed people’s perception of inflation and what can happen.
▌CME "Federal Observation": The probability of the Fed's interest rate cut in July is 14.5%
CME's "Federal Observation" shows that the probability of the Federal Reserve maintaining interest rates unchanged in July is 85.5%, the probability of a cumulative interest rate cut of 25 basis points is 14.5%, and the probability of a cumulative interest rate cut of 50 basis points is 0%; the probability of a cumulative interest rate unchanged by September is 32.8%, the probability of a cumulative interest rate cut of 25 basis points is 58.2%, and the probability of a cumulative interest rate cut of 50 basis points is 8.9%; the probability of a cumulative interest rate unchanged by December is 5.5%, the probability of a cumulative interest rate cut of 25 basis points is 26.0%, the probability of a cumulative interest rate cut of 50 basis points is 41.3%, the probability of a cumulative interest rate cut of 75 basis points is 24.1%, and the probability of a cumulative interest rate cut of 100 basis points is 3.0%.
Golden Encyclopedia
▌How does 10-year U.S. Treasury yield affect encryption?
Cryptocurrency yields and stablecoins are part of the broader financial world, and 10-year Treasury yields affect investors' behavior and thus affect cryptocurrency markets. The US dollar is the world's reserve currency, while US bonds are a global safe haven. Changes in the yield on 10-year US Treasury bonds will cause shocks around the world. For cryptocurrency investors, this global impact lays the backdrop. Rising 10-year Treasury yields may herald a more severe market environment for cryptocurrency prices and yields, especially in the face of global market turmoil. On the contrary, low yields tend to stimulate risk appetite, boosting speculative assets such as cryptocurrencies.
