The US cryptocurrency industry is launching its most vigorous lobbying push to date as the Senate weighs a historic vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act — a 15-page bill that would bring much anticipated federal regulations to the $150 billion stablecoin market. The stakes are high: if enacted, it will be the first significant crypto law to make it to the Senate, setting a precedent for regulation of digital dollar and defining the global stablecoin space. What's in the Bill and Who's Pushing for It? The GENIUS Act, which cleared a 66-32 procedural vote, aims to subject stablecoin issuers like Circle (USDC) and Tether (USDT) to stringent reserve, consumer protection, and anti-money laundering requirements. The bill includes new foreign and non-financial issuer limits, interest payment prohibitions to stablecoin holders, and specific language to prohibit issuers from implying government sponsorship or FDIC insurance. Behind the bill is a high-profile coalition: the Blockchain Association, Crypto Council for Innovation, Digital Chamber, and DeFi Education Fund have all made joint statements urging lawmakers to pass the bill without delay or unnecessary amendments. Big banks and payments giants like Citigroup and BlackRock are keeping watch, betting that regulatory clarity will unlock trillions of new demand for U.S. Treasuries and digital payments infrastructure. As the bill makes its way through the amendment process, we respectfully ask lawmakers to hold fast to its core objective: implementing a targeted and holistic approach to stablecoin regulation,” the groups wrote in a June 2 statement. “As the bill continues through the amendment process, we respectfully urge lawmakers to remain committed to its central goal: providing a targeted and comprehensive approach to stablecoin oversight,” the groups said in a June 2 statement Senate Drama: Amendments, Election-Year Politics, and the Clock Despite its bipartisan backing, the bill faces a political minefield. Senators Roger Marshall and Dick Durbin are engaged in a battle to attach the Credit Card Competition Act (CCCA), a controversial swipe-fee restructuring opposed in fierce terms by card networks and banks. Other amendments would touch on foreign ownership, disclosure of government officials, and even Trump family crypto businesses — each threatening to jam up or derail the bill as election politics heat up. Crypto lobbyists are in a time crunch to keep the bill on track. ”Unacceptable,” warned Americans for Prosperity's James Czerniawski, warning that unrelated amendments could harm consumer credit and sidetrack the bill's momentum. Experts place a 60-65% probability of passing this year's stablecoin bill, but warn delays could delay final approval past the election and into 2026. Who's a Winner and Loser? If it is passed, stablecoin issuers like Circle and Paxos will stand to gain the most, with clearly delineated rules probably fueling institutional adoption and widespread usage. Banks and asset managers can expect new demand for U.S. Treasuries, while fintechs and payment networks will face new compliance obligations. The bill's current form can enrich political insiders and expose consumers to new danger, according to critics like Senator Elizabeth Warren. Social Buzz Crypto Twitter is on fire with speculation and lobbying. Industry influencers are calling out followers to reach out to their senators, while opponents are cautioning that party politics might drown the bill at the eleventh hour. ”If the Senate can't manage this now, stablecoin regulations may remain in limbo for years,” posted one analyst. Others see the bill's advancement as a sign that Washington is finally ready to bring digital assets into the fold as a fundamental part of the financial system. With the Senate poised for a historic vote, the outcome will not just determine what stablecoins are, but the future of American digital finance.
Coinbase was informed of a customer data leak at its outsourcing partner, Taskus, some four months before a significant breach that is expected to cost the company $400 million. Breach Causes 200 Employees to Lose Jobs? U.S. cryptocurrency exchange Coinbase was made aware of a customer data leak at one of its outsourcing companies four
MELANIA Token surged after a Wintermute agreement for liquidity support. Trump's spouse's token initially peaked due to hype before the downturn. Continue Reading: Altcoins Surge as MELANIA Token Climbs Higher The post Altcoins Surge as MELANIA Token Climbs Higher appeared first on COINTURK NEWS .
Moody’s finds growing institutional demand for tokenized money market funds, citing benefits in liquidity, compliance and operational efficiency.
In a significant development, the Norwegian Block Exchange (NBX) announced the purchase of 6 Bitcoin, with plans to acquire more, leading to a 138% surge in its stock price. This move underscores the growing trend of corporate entities integrating cryptocurrencies into their financial strategies. NBX’s initiative to use Bitcoin as collateral for issuing USDM, a stablecoin on the Cardano blockchain, highlights the increasing adoption of crypto assets in traditional financial systems. Amid these developments, Qubetics ($TICS) emerges as a promising project addressing real-world challenges in blockchain and digital finance. By focusing on real-world asset tokenization, Qubetics aims to provide solutions that its predecessors have struggled with, positioning itself as a forward-thinking platform in the evolving crypto landscape. Qubetics ($TICS): Revolutionizing Real-World Asset Tokenization Qubetics is at the forefront of integrating blockchain technology with real-world asset tokenization. By creating a marketplace that bridges tangible assets with digital tokens, Qubetics offers businesses, professionals, and individuals a streamlined approach to asset management and investment. This initiative not only enhances liquidity but also democratizes access to various asset classes. The platform’s commitment to compliance and transparency ensures that users can engage in transactions with confidence. By leveraging advanced smart contract functionalities, Qubetics facilitates secure and efficient asset tokenization processes, setting a new standard in the industry. Qubetics Presale Insights Currently in its 37th stage, the Qubetics crypto presale has garnered significant attention, with over 515 million tokens sold to more than 27,400 holders, raising upwards of $17.7 million. At this stage, $TICS tokens are priced at $0.3370 each. Early participants who joined at stage 1, when tokens were priced at $0.01, are witnessing substantial returns. However, opportunities remain for new participants. Analysts project that tokens purchased at the current stage could yield impressive returns, with potential ROI estimates as follows: $TICS at $1: 196% ROI $TICS at $5: 1,383% ROI $TICS at $6: 1,679% ROI $TICS at $10: 2,866% ROI $TICS at $15: 4,349% ROI These projections underscore the potential benefits of participating in the ongoing presale. Cardano (ADA): A Strong Contender in Layer 1 Blockchains Cardano has demonstrated robust performance, with its ADA token experiencing a 50% price increase over the past year. Consistently testing the $0.65 resistance level, ADA reflects growing market confidence. Community sentiment is notably bullish, with 87% of nearly 4,844 votes on CoinMarketCap expressing optimism about ADA’s future. Additionally, Cardano’s RSI stands at around 48, indicating potential for a significant rally. The platform’s commitment to scalability, sustainability, and interoperability positions it as a formidable player in the blockchain space. With ongoing developments and a strong community, Cardano remains a top choice among the best cryptos to join this month. Tezos (XTZ): Pioneering On-Chain Governance and Smart Contract Security Tezos distinguishes itself through its unique on-chain governance mechanism, allowing protocol upgrades without hard forks. This self-amending feature ensures adaptability and long-term stability. Employing a Liquid Proof-of-Stake consensus algorithm, Tezos enables token holders to delegate staking rights, promoting network participation and security. Recent protocol upgrades have enhanced transaction throughput and reduced block times to approximately 10 seconds. Tezos’ emphasis on formal verification in smart contracts, written in the Michelson language, enhances security and reliability, making it an attractive platform for developers and enterprises alike. Final Thoughts The cryptocurrency market continues to evolve, with projects like Qubetics, Cardano, and Tezos leading innovations in asset tokenization, scalability, and governance. These platforms offer unique value propositions, addressing real-world challenges and setting new industry standards. For those seeking to engage with transformative crypto projects, these three stand out as the best cryptos to join this month . The ongoing Qubetics presale presents a timely opportunity to participate in a project poised to redefine asset management. Engaging with these platforms now could position participants advantageously in the rapidly advancing world of digital finance. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What makes Qubetics a noteworthy project in the current crypto landscape? Qubetics focuses on real-world asset tokenization, offering a marketplace that bridges tangible assets with digital tokens, enhancing liquidity and democratizing access to various asset classes. How does Cardano’s recent performance reflect its market position? Cardano’s ADA token has seen a 50% price increase over the past year, consistently testing the $0.65 resistance level, indicating strong market confidence and potential for further growth. What are the unique features of Tezos that set it apart from other blockchains? Tezos’ on-chain governance allows for protocol upgrades without hard forks, and its use of formal verification in smart contracts enhances security and reliability. How can participants engage with the Qubetics presale? Interested individuals can participate in the Qubetics presale, currently in its 37th stage, by purchasing $TICS tokens at $0.3370 each, with the potential for significant returns as outlined by analysts. Why are Qubetics, Cardano, and Tezos considered among the best cryptos to join this month? These projects offer innovative solutions to real-world challenges, with Qubetics focusing on asset tokenization, Cardano on scalability and interoperability, and Tezos on governance and security, making them compelling choices in the current market. The post NBX’s Bitcoin Move Highlights Real-World Shift—Qubetics, Cardano, and Tezos Named Best Cryptos to Join This Month appeared first on TheCoinrise.com .
Key Takeaways : dYdX price faces bearish pressure below $0.6. Our dYdX price prediction for 2025 expects a maximum price of $4.55. In 2030, we expect the dYdX price to touch $29.58. The dYdX exchange captured significant attention last year. The platform aimed to migrate its existing dYdX tokens from Ethereum to this new mainnet. However, in the fall of 2024, the platform disclosed that it was reducing its workforce by 35%. As dYdX’s on-chain activities surge, questions arise, such as: “Does dYdX have the potential to hit the $10 mark soon?” or “Will dYdX ever go up?” or “Where will dYdX be in 5 years?” Let’s answer them using our dYdX price prediction. Overview Cryptocurrency dYdX Token dYdX Price $0.58 (-0.1%) Market Cap $487.83 Million Trading Volume $23.49 Million Circulating Supply 776.65 Million dYdX All-time High $4.53 (Mar 08, 2024) All-time Low $0.4954 (Apr 09, 2025) 24-hour high $0.5978 24-hour low $0.5522 dYdX price prediction: Technical analysis Metric Value Current Price $0.58 Price Prediction $ 0.413697 (-25.22%) Fear & Greed Index 64 (Greed) Sentiment Bearish Volatility 8.01% Green Days 14/30 (47%) 50-Day SMA $ 0.641033 200-Day SMA $ 0.833358 14-Day RSI 52.63 dYdX price analysis: dYdX continues to consolidate around $0.58 TL;DR Breakdown: dYdX price analysis shows that dYdX faced a consolidation around $0.58. Resistance for dYdX is at $0.6551 Support for dYdX/USD is at $0.5472 The dYdX price analysis for 3 June confirms that dYdX faced a consolidation as it hovers around $0.58. Over the last few hours, the price of dYdX has been hovering around support channels. dYdX price analysis 1-day chart: dYdX price struggles around $0.58 An analysis of the daily dYdX price chart shows the token faced selling pressure after the price failed to maintain momentum above $0.58. As a result, traders are now consolidating dYdX price. The 24-hour volume surged to $7.12 million, showing increased interest in trading today. dYdX is trading at $0.58, declining by over 0.1% in the last 24 hours. dYdX shows consolidation: 1-day chart The RSI-14 trend line has dropped from its previous level and trades below the neutral level at level 45, hinting that sellers are dominating. The SMA-14 level suggests volatility in the next few hours. dYdX/USD 4-hour price chart: Bulls aim for an immediate correction The 4-hour dYdX price chart suggests that bulls strengthen their position as they aim for a hold of the price above the EMA trend lines. However, sellers are pushing the price below EMA20 trend line. dYdX price chart : 4-hour The BoP indicator trades in a bearish region at 0.48, showing that short-term sellers are taking a chance to accelerate a downward trend. However, the MACD trend line has formed green candles above the signal line, and the indicator aims for a positive momentum, strengthening long-position holders’ confidence. dYdX technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 0.664017 SELL SMA 5 $ 0.663713 SELL SMA 10 $ 0.644504 SELL SMA 21 $ 0.658446 SELL SMA 50 $ 0.641033 SELL SMA 100 $ 0.657217 SELL SMA 200 $ 0.833358 SELL Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 0.631426 SELL EMA 5 $ 0.627932 SELL EMA 10 $ 0.622153 SELL EMA 21 $ 0.630407 SELL EMA 50 $ 0.690385 SELL EMA 100 $ 0.83603 SELL EMA 200 $ 1.05393 SELL What to expect from dYdX price analysis next? The hourly price chart confirms that dYdX is attempting a dip below the immediate support line; however, bulls are eyeing an upside recovery rally in the coming hours. If dYdX’s price holds momentum above $0.6551, it will fuel a bullish rally to $0.7557. dydX price chart If bulls fail to initiate a surge, the dYdX price may drop below the immediate support line at $0.5472, beginning a bearish trend to $0.5084. Is dYdX a good investment? The rising institutional demand for dYdX makes it a good investment option. However, dYdX has a short investment history filled with very volatile phases. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. Why is dYdX down today? Following the overall selling demand in the market, dYdX witnessed a surge in selling pressure around $0.6. As a result, bears are aiming for a hold below $0.58. Will dYdX Recover? If buyers hold above $0.55 level strongly, we might see a strong recovery in the coming hours. What is the dYdX price prediction for 2025? In 2025, dYdX is predicted to reach a minimum level of $3.86. Traders and investors can expect a maximum level of $4.55 and an average price of $3.96 if the bulls show up. Will dYdX reach $10? Depending on market sentiment, dYdX might hit the $10 mark by the end of 2027. However, any bearish news might weaken this prediction. Will the dYdX price reach $100? $100 will be a significant milestone for dYdX. However, it is achievable if dYdX continues to attract institutional interest in the coming years. Is dYdX a good long-term investment? As several institutions continue to accumulate dYdX and it faces a rise in global recognition, dYdX has a solid long-term future. It is advised to seek independent professional consultation and investment advice from experts before investing in the crypto market, which has high price volatility. Recent news/opinion on dYdX The dYdX platform revealed that over 64.4 million ethDYDX tokens remain unmigrated to its native chain, prompting urgent calls for users to act. Backed by 91% community support, an on-chain vote is set for June 9, 2025, to potentially end support for the Ethereum-dYdX bridge. dYdX price prediction June 2025 May was a bearish month for dYdX as the altcoin surged toward $0.75 but failed to maintain its buying momentum. As a result, dYdX recorded over 13% decline in May. dYdX’s price might attempt to surge toward $0.9 from its recent low and be pushed further, at least $1.2, if strong downward pressures are not seen. However, we might see a rejection by the bearish side, leading to a consolidation around $0.45. dYdX price prediction Minimum price Average price Maximum price dYdX price prediction June 2025 $0.45 $0.9 $1.2 dYdX price prediction 2025 The price of 1 dYdX is expected to reach a minimum level of $0.4 by the end of 2025. Traders and investors can expect a maximum level of $3.55 and an average price of $1.96 if the bulls show up. dYdX price prediction Minimu m price Average price Maximum price dYdX price prediction 2025 $0.4 $1.96 $3.55 dYdX price predictions 2026-2031 Year Minimum price ($) Average price ($) Maximum price ($) 2026 5.91 6.11 6.74 2027 8.14 8.45 9.96 2028 11.74 12.16 14.45 2029 17.06 17.67 20.6 2030 23.74 24.45 29.58 2031 29.57 32.88 38.75 dYdX price prediction 2025 The unit price of dYdX in 2025 is expected to hit a minimum of $3.86. According to expert analysis, dYdX could reach up to $4.55, with an average price of $3.96. dYdX price prediction 2026 In 2026, dYdX could see its price range between a minimum of $5.91 and a maximum of $6.74. Traders can expect an average price of $6.11 throughout the year. dYdX price prediction 2027 For 2027, the price forecast indicates a minimum level of $8.14 and a potential high of $9.96, with the average settling around $8.45. dYdX price prediction 2028 Looking ahead to 2028, projections suggest a minimum price of $11.74 and a maximum price of $14.45 for dYdX, with an average price of $12.16. dYdX price forecast 2029 By 2029, the dYdX price is anticipated to range from a minimum of $17.06 to a maximum of $20.60, averaging around $17.67. dYdX (dYdX) price prediction 2030 For 2030, the dYdX price is forecasted to potentially reach a minimum of $23.74, a maximum of $29.58, and an average trading value of $24.45. dYdX Price Prediction 2031 Looking ahead to 2028, projections suggest a minimum price of $29.57 and a maximum price of $38.75 for dYdX, with an average price of $32.88. dydx price prediction 2025-2031 dYdX market price prediction: Analysts’ dYdX price forecast Firm Name 2025 2026 Coincodex $2.5 $3.8 Digital Coin Price $4.8 $7.9 Changelly $5.4 $12 Cryptopolitan’s dYdX (ethdYdX) price prediction Per Cryptopolitan, the price of dYdX is expected to reach a minimum level of $5.91 and a maximum of $6.74. Traders can expect an average price of $6.11 throughout 2026. If the market stays positive, we expect the dYdX price to trade well above $5 by 2027. However, the future market potential for dYdX entirely depends on its buying demand, regulation, and investor sentiment in long-term holding. dYdX historical price sentiment dydx price history: CoinStats dYdX price started trading in December 2023, hovering below $3.5. In January 2024, the price of dYdX faced a decline as it recorded a low of $2.4. However, in March, the dYdX surged exponentially and touched a high near $4.3. After that, dYdX initiated its bearish rally and hovered around $1 till November. However, dYdX soon recovered following Trump’s victory in the elections, skyrocketing toward $2.6 in December of 2024. Since then, dYdX has been declining and is consolidating below the $1 mark. By the end of April, dYdX price surged toward $0.68. In May, dYdX price surged toward $0.76 but it later declined toward $0.5 in early June.
The post Eric Trump Denies Family Involvement of an Alleged Trump Wallet By Magic Eden (ME) appeared first on Coinpedia Fintech News Magic Eden (ME), an established Solana (SOL)-based NFT marketplace, announced on Tuesday, during the mid-North American session, that it intends to launch a crypto wallet for Trump fans. According to an X post, Magic Eden announced that crypto enthusiasts can join the free waitlist for a chance to win a share of $1 million in $TRUMP. According to the official website for the trumpwallet powered by Magic Eden, the project partnered with the Official Trump memecoin, which is backed by U.S. President Donald Trump. “Yes! This is the Official $TRUMP Wallet by President Trump. Magic Eden partnered with GetTrumpMemes.com to create the first and only $TRUMP Wallet. Have Fun,” the FAQ noted . An Epic Denial From Eric Trump As soon as the news for the Trumpwallet launch hit major headlines, Eric Trump, the Executive Vice President of the Trump Organization, announced that he knew nothing about such a partnership with Magic Eden. The announcement created more confusion among the crypto community, with some accusing Magic Eden of orchestrating a large-scale scam. I run @Trump and I know nothing about this project! @worldlibertyfi $Trump @AmericanBTC https://t.co/AnlQAKDcqf — Eric Trump (@EricTrump) June 3, 2025 Market Impact Following the announcement, Magic Eden’s native token rallied over 28 percent to reach a daily local high of about $1.15. However, the ME’s rally was short-lived as the token retraced towards $1 at the time of this writing, following the denial announcement by Eric Trump. The demand for ME tokens, nonetheless, experienced a sharp uptick as shown by its daily average trading volume, which hovered about $192 million compared to its market cap of around $154 million.
Ripple’s RLUSD stablecoin has secured regulatory approval from Dubai’s Financial Services Authority, signaling a significant milestone for XRP’s market potential. This approval enables RLUSD’s integration within the Dubai International Financial
Cryptocurrency analysis platform MakroVision has published a remarkable assessment of Bitcoin's recent price movements. The analysis noted that Bitcoin reached a new all-time high by rising to $112,000, and then entered a technically healthy correction process. MakroVision emphasized that the 61.8% Fibonacci resistance at $111,260 initially turned the price back, but this pullback is currently limited to around 5%. There are no signs of a sharp decline in the downward movement at the moment. Experts note that Bitcoin has found strong support at the following technical levels: $103,200: The 23.6% Fibonacci retracement level is currently holding successfully. $102,000: This level, which previously acted as resistance, is now a potential support area. $97,700: Coinciding with the 38.2% Fibonacci level, this area forms a strong support cluster along with $98,600. Related News: BREAKING: After Remaining Silent for a Long Time, Trump Makes His Move in Cryptocurrencies! And He's Not Stopping There—He's Partnering with a Surprise Altcoin According to MakroVision’s analysis, Bitcoin retesting $112,000 would reaffirm the market’s strength, with $121,100 the next target if this level is breached. However, in terms of downside risks, it is emphasized that Bitcoin is still structurally in an uptrend as long as it does not fall below $97,700. *This is not investment advice. Continue Reading: Where is Bitcoin Headed Next? Here Are the Levels to Watch for a Potential Rally
Coinbase is under heightened scrutiny following revelations that it may have known as early as January 2025 about a massive breach involving outsourced customer support agents, months before the crypto exchange publicly acknowledged the security lapse. Sources familiar with the situation disclosed that the breach stemmed from an India-based employee at TaskUs, a US outsourcing firm long contracted by Coinbase. The individual was reportedly caught covertly photographing her workstation and, along with an alleged accomplice, funneling sensitive customer information to cybercriminals in exchange for bribes. The incident triggered the termination of over 200 TaskUs employees in Indore, in what now appears to be a coordinated criminal infiltration of Coinbase’s support infrastructure. Delayed Breach Disclosure Although Coinbase later tied its $400 million loss to “support agents overseas,” the company waited until a May SEC filing, triggered by a ransom demand, to fully acknowledge the scope of the incident. The breach was not limited to a single rogue actor. According to internal accounts , it was part of a broader campaign that also targeted other BPO firms servicing Coinbase. The compromised data, which impacted more than 69,000 customers, was reportedly not sufficient to access Coinbase’s internal wallets but did let scammers convincingly impersonate Coinbase agents and socially engineer customers out of their crypto holdings. While Coinbase says it has reimbursed affected users, questions linger over the company’s timeline and transparency. TaskUs Accused of Negligence A class-action lawsuit now accuses TaskUs of negligence, suggesting the BPO provider failed to enforce appropriate data safeguards. TaskUs, however, denied the charge. Despite their assurances of strong training and security protocols, the incident raises deeper concerns about the vulnerabilities embedded in outsourcing sensitive customer interactions to low-wage, offshore workers. These workers, while cost-efficient, are often underpaid and undertrained. These conditions may have made them vulnerable to external coercion. Coinbase insists it acted decisively upon discovering the fraud, and cut ties with implicated agents as well as revamping its security measures. Despite this, the timeline points to potential lapses in internal threat detection and risk governance, particularly given that Coinbase’s own filings revealed unauthorized access occurring in “previous months.” The post Coinbase Data Breach: 69,000 Users Affected by Indian Outsourcing Leak appeared first on CryptoPotato .