Summary Bitcoin prices have entered another period of consolidation since Saturday, May 10, but bulls have been able to keep the price above the key psychological 100000 mark. Markets usually see a more aggressive breakout the longer an asset consolidates. The question is, will bulls or bears prevail? Taking a look at what some of the conflicting factors which support a bullish and bearish scenario might be moving forward. By Zain Vawda Bitcoin prices have entered another period of consolidation since Saturday, May 10, but bulls have been able to keep the price above the key psychological 100000 mark. Is the rally running out of steam or is more upside possible? Firstly, we saw a similar period of consolidation around the 95000 handle before price exploded around $10,000 in a three-day span. This move higher followed about 11 days of consolidation. Markets usually see a more aggressive breakout the longer an asset consolidates. The question is, will bulls or bears prevail? There are always conflicting views and, at times, signs which support both a bullish and bearish scenario. Let us take a look at what some of those factors might be moving forward. Glassnode on-chain analytics According to Glassnode, since hitting a low of $75k on April 9, Bitcoin has been on a strong upward trend, driven by spot market activity. Along the way, there have been periods of sideways trading, where prices stabilize before moving higher. This "stair-step" pattern is visible in the Cost Basis Distribution (CBD) heatmap, which shows clusters of Bitcoin being bought at similar price levels over the past three months. These accumulation phases happened before each upward move, leading to the most recent surge to $104k. (Source: Glassnode) Over the past 30 days, a key accumulation zone has formed between $93k and $95k. This range matches the cost basis of short-term holders - investors who joined the market in the last 155 days. Because of this, this zone is expected to serve as strong support if the market experiences a short-term dip, as it’s a price range where investors are likely to find value and buy again. Approaching The Highs Bitcoin is now trading just below its all-time high of $109k, and excitement is building in the market. A great way to track this shift in sentiment is through the Short-Term Holder (STH) Supply in Profit/Loss Ratio, which shows how active investors are feeling. This metric was especially useful during the April 7 correction, when it dropped to 0.03, meaning almost all short-term holders were at a loss. This happened as Bitcoin hit its $76k low. Since then, the ratio has jumped above 9.0, showing that over 90% of short-term holders are now in profit. High values like this often signal riskier market conditions, as investors may start taking profits. While this can last for a while, it often leads to profit-taking or a local price peak if new demand slows down. As long as the ratio stays well above 1.0, the bullish trend is likely to continue. But if it falls below 1.0 for an extended period, it could indicate weakening market strength and a potential trend reversal. (Source: Glassnode) Key Takeaways from Glassnode Data Bitcoin’s climb back toward its all-time highs has been driven mainly by spot market activity, supported by strong buying on-chain and steady inflows off-chain. Most of the demand is coming from spot ETFs and major exchanges like Coinbase. A key support zone has formed around $95k, and with less selling pressure, the uptrend looks solid. Meanwhile, the derivatives markets are lagging behind. Open interest and funding rates haven’t fully caught up with the spot market’s momentum. In the options market, traders seem cautiously optimistic, and there’s little sign of excessive long positions in the futures market right now. Looking at crypto markets as a whole, there has been an interesting technical breakout on XRP. Ripple (XRP-USD) Breakout? Can Bulls Push Price to Previous Highs? Looking at Ripple ( XRP-USD ), whose popularity continues to grow, and there are two key macroeconomic factors supporting its rise. Potential ETF approvals, and the new US administration's approach to crypto which has further eased any SEC issues. On Polymarket, traders now believe there’s a 79% chance that spot ETFs for XRP will get approved. Meanwhile, Ripple has faced setbacks from SEC disputes in recent years. However, with the SEC case now settled, Ripple is free to move forward with its plans, which could include a potential IPO. Looking at XRP-USD from a technical standpoint, we had a triangle pattern in play which has been broken. We have now seen a retest of the trendline following two successive days of bearish price action. A triangle pattern break could lead to a significant upside move. For now though, the price needs to hold above the swing low at 2.30 for the bullish momentum to remain in play. Ripple (XRP-USD) Daily Chart, May 16, 2025 (Source: TradingView.com) Technical Analysis - BTC-USD Bitcoin ( BTC-USD ), from a technical standpoint, has entered a period of consolidation similar to the one we witnessed around the 93000-95000 range a few weeks ago. In that case, a bullish breakout followed, pushing the price beyond the 100000 mark. The move obviously coincided with improved market sentiment across the board. The question is whether another bullish breakout can occur in the absence of a significant catalyst. The RSI period-14 remains in overbought territory and may serve as a caution warning for bulls. Immediate resistance may come into play around the 106000 handle before the all-time highs around 109356 comes into play. Immediate support rests at 103647 before the 100000 mark comes into focus. Bitcoin (BTC-USD) Daily Chart, May 16, 2025 (Source: TradingView.com) Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
DayDayCook to Acquire 5,000 BTC Within 36 Months Hong Kong lifestyle and food brand DayDayCook (DDC) is making a grand foray into Bitcoin, though the company conducts business in mainland China where cryptocurrency is still subject to close disapproval. DDC CEO Norma Chu detailed the firm’s Bitcoin reserve policy in a shareholder letter on May 15 in the form of a plan to accumulate a reserve of 5,000 BTC over the course of the next 36 months. The firm has already purchased 100 BTC for about $10.4 million as a beginning, with the short-term aim of 500 BTC by the end of 2025. Good Financials Fund BTC Ambitions DDC’s Bitcoin venture follows a successful fiscal year. During 2024, the firm recorded revenue expanding 33%, to 273.3 million Chinese yuan (approximately $37.4 million), according to its Form 20-F report filed with the U.S. Securities and Exchange Commission (SEC). Though the Bitcoin reserve plan is absent from the SEC report, Chu’s shareholder letter mentions DDC’s desire to lead “digital asset innovation.” SEC Filing Suggests Crypto Preparedness While the SEC filing itself does not explicitly characterize the Bitcoin buy, it does mention the DDC’s search for new funding strategies and crypto disclosure guidelines under FASB’s ASU 2023-08 accounting update . The report also identifies crypto as a new asset class that the company can potentially probe. DDC’s search for cost-reducing diversified revenues is the parameter defined in the filing, where Bitcoin can be a component of this as a hedge or strategic investment. Crypto Moves Despite Mainland Restrictions While it is Hong Kong-based, DDC also has a presence in mainland China, where cryptocurrency trading and cryptocurrency mining were outlawed in 2021. All the same, the move could be a sign of second thoughts by business in the region. Speculation continues about whether China will loosen its hardline policy as Hong Kong continues to develop its crypto-friendly policy and U.S. policy under President Trump leans in the direction of crypto. However, analysts are cautious about any sudden about-face by China’s hardline policy. Unanswered Questions Remain Cointelegraph contacted DayDayCook for further comment and didn’t get a response at press time. As regulatory and corporate demand for crypto shifts in Asia, DDC’s bold move could be the first of its kind and be a sign of things to come for Bitcoin adoption in restricted territories.
Key Takeaways: Saudi Central Bank’s stake in Strategy grants indirect exposure to 568,840 BTC. The move mirrors Norway’s sovereign wealth fund strategy for crypto exposure. Saudi Arabia leads MENA in crypto growth (154% YoY) but lacks exchange regulations. In a rare move indicating shifting global reserve strategies, the Saudi Central Bank has revealed an investment in Strategy (formerly MicroStrategy), granting the Kingdom its first indirect exposure to Bitcoin, the world’s largest cryptocurrency by market cap. A May 16 filing with the U.S. Securities and Exchange Commission (SEC) reveals that the Saudi Central Bank holds 25,656 shares in Strategy, the world’s largest corporate Bitcoin holder. As previously reported by CryptoNews , Strategy owns 568,840 BTC, valued at nearly $60 billion. Why is Saudi Arabia Pivoting to Bitcoin Exposure Now? Traditionally, central banks have favored gold and U.S. dollars as reserve assets. $11 TRILLION BLACKROCK SAYS CENTRAL BANKS ARE LOOKING TO BUY #BITCOIN IT’S HAPPENING!!! pic.twitter.com/YNbZaD5EBA — Vivek (@Vivek4real_) May 4, 2025 Yet amid global shifts toward innovation and decentralization, Saudi Arabia appears to be exploring a hybrid approach, balancing stability with the upside potential of digital assets. This investment mirrors the strategy of Norway’s sovereign wealth fund, which holds shares in crypto-forward firms like Coinbase and Strategy to gain market exposure without directly holding Bitcoin. According to Bitcoin Treasuries , over a dozen countries, including El Salvador, Ukraine, Bhutan, and the United States, now have Bitcoin exposure through sovereign or central holdings. Middle East Adoption Surges: Saudi Arabia Leads MENA’s Crypto Charge The investment comes amid rapid crypto adoption in the Middle East, especially within Saudi Arabia. Bitget Research revealed that the region surpassed 500,000 average daily crypto traders in February 2024. Saudi Arabia recorded 129,397 daily crypto users at its peak. This figure surpassed the UAE’s 106,111. According to Chainalysis’ 2024 MENA report , the Kingdom’s crypto economy is expanding faster than any other in the region, marking 154% annual growth for the second straight year. Saudi Arabia is the fastest-growing country in crypto adoption in the Middle East/ Source: Chainalysis The country’s momentum is driven by interest in blockchain innovation, CBDC exploration, gaming integration, and broader fintech development, all of which align with its Vision 2030 goals to modernize and diversify its economy. GCC Nations Struggle with Unified Crypto Policy Saudi Arabia, like other GCC nations, has not implemented a complete regulatory system for cryptocurrency operators. While adoption rates climb, no domestic exchanges operate under regulatory oversight. This regulatory gap persists despite growing market activity. Ihsan Buhulaiga, a respected economist and former member of the Saudi Shura Council, recently called for GCC-wide regulatory alignment , warning that fragmented policies risk undermining regional competitiveness. Even without a comprehensive virtual asset regulatory framework, Saudi Arabia is forging ahead. For example, in June 2024, the Saudi Central Bank joined the mBridge initiative , a cross-border CBDC payment network designed for international oil trade between China and Saudi Arabia. Will Saudi Youth Accelerate Crypto’s Mainstream Acceptance? Saudi Arabia’s foray into Bitcoin coincides with increased interest from traditional financial giants. Goldman Sachs and Rothschild have recently expanded operations in Riyadh. Goldman spearheads three tokenization projects globally. 𝗥𝗼𝘁𝗵𝘀𝗰𝗵𝗶𝗹𝗱 𝗠𝗮𝗸𝗲𝘀 𝗮 𝗠𝗮𝗷𝗼𝗿 𝗘𝗻𝘁𝗿𝘆 𝗜𝗻𝘁𝗼 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮 With news of Saudi Arabia abandoning the petrodollar and rumored to be interested in joining BRICS, Edmond de Rothschild Bank is partnering with SNB Capital, Saudi Arabia's largest asset… pic.twitter.com/OBjilUAK3v — Shadow of Ezra (@ShadowofEzra) June 14, 2024 Saudi Arabia’s young population drives its crypto transformation. Nearly two-thirds of Saudis are under 30. They embrace technology quickly, making them ideal adopters of blockchain and digital currencies. Saudi Arabia: 34.4M people, $1.14T GDP, 92% urban, and a young population driving crypto growth. Vision 2030 is fueling adoption, KSA is primed to be a Web3 powerhouse. With a median age of 29, this crowd is young, wired, and vibing with the #CHILLGUY #Crypto … pic.twitter.com/gQesQgn62H — 𝘽𝙖𝙡𝙙𝙧 (@Raptorj69) May 14, 2025 Strong institutional backing and flexible policies amplify this advantage. Together, these factors position Saudi Arabia as a future leader in global crypto adoption. Frequently Asked Questions (FAQs) Does Saudi Arabia recognize cryptocurrencies? As of December 2024, Saudi Arabia has not enacted specific legislation governing cryptocurrencies. This means there is no formal legal recognition of cryptocurrencies in the Kingdom. Does Saudi Arabia’s Strategy investment indicate future direct Bitcoin holdings? No one knows, but it’s unlikely. The central bank invested in a publicly-listed company, so the stake is an indirect exposure to Bitcoin. It’s more of an experiment rather than a full endorsement by the bank. The post Saudi Central Bank Secures $60B Bitcoin Exposure via Strategy Stake appeared first on Cryptonews .
The Centrifuge token surged to its highest level since January ahead of an upcoming token migration and a sharp rise in assets within its ecosystem. Centrifuge ( CFG ) jumped to a high of $0.2850 on Friday, up 180% from its lowest point this year. The surge pushed its market capitalization to over $106 million. The rally comes ahead of the scheduled migration of the Centrifuge governance token to Ethereum ( ETH ) on May 20. This marks a major milestone as the network moves toward full Ethereum Virtual Machine compatibility. The migration is expected to pave the way for the launch of an Ethereum-native Centrifuge Protocol. You might also like: Basel Medical Group launches $1b Bitcoin acquisition strategy The developers hope that the transition from Polkadot ( DOT ) to Ethereum and Base will improve its governance, broaden exchange and decentralized finance integration, and streamline liquidity. As part of the migration, the supply of CFG will increase from the current 560.246 million to 675 million. The additional 115 million tokens will be allocated to the Centrifuge Foundation to fund incentives targeted at decentralized finance users, strategic initiatives, and exchange liquidity. The protocol will maintain its 3% annual inflation rate. The next chapter for $CFG is here. Starting May 20, 2025, holders of CFG and wCFG will be able to migrate to the new CFG token, designed to support governance and expansion of the Centrifuge protocol. The migration window will remain open until November 30, 2025. More details… — Centrifuge (@centrifuge) May 12, 2025 The token also rallied as the total value locked in Centrifuge’s ecosystem rose to a record $441 million, up from less than $100,000 in March. Most of this capital is in the Janus Henderson Anemoy Treasury Fund, which invests in short-term U.S. Treasury bills. Centrifuge price analysis CFG price chart | Source: TradingView On the daily chart, CFG climbed to $0.2735 on Friday as anticipation over the token migration intensified. The level is significant, as it coincides with the lowest swing point from October last year. The MACD indicator has recently crossed above the zero line, and the Relative Strength Index has entered overbought territory. Given this setup, the token is likely to continue its climb, potentially reaching resistance around $0.50 ahead of the migration. A pullback may follow the event as investors take profits in a classic “sell the news” scenario. You might also like: Best crypto to buy right now ahead of the bull run
AI agents are poised to reshape the decentralized finance (DeFi) market, according to the recent report from Binance , titled “DeFAI Unstacked: The Future of On-Chain Finance.” The paper argues that the integration of artificial intelligence into the crypto sector is evolving from experimental projects to a core element of DeFi infrastructure – paving the way for intelligent, autonomous financial systems that operate with minimal human intervention. Soon, AI agents may become the primary interface in DeFi, automating complex tasks – from liquidity management to governance voting. As a result, they’ll democratize access beyond technical “power users,” becoming our “everyday financial co-pilots.” The report elaborates on the concept of the DeFAI (a short for Decentralized Financial AI) stack, a four-layered ecosystem that includes: - frameworks, such as ARC, ElizaOS, and G.A.M.E. – development structures that provide the architectural blueprint for building agents, - protocols, such as Modius, Wayfinder, and Cod3x – deployment engines that enable the configuration and deployment of AI agents through low-code or no-code interfaces, - AI agents, such as AIXBT, Griffain, and Orbit – autonomous systems designed to execute complex financial decisions, managing trades, liquidity, and yield optimization across multiple blockchain networks, - marketplaces, such as Auto.fun, Genesis, and CoLearn that enable distribution, customization, and monetization of AI agents. Globally, the market for AI agents outside of crypto is projected to expand from $5.4 billion in 2024 to $7.6 billion in 2025, and soar past $50.31 billion by 2030, reflecting a compound annual growth rate (CAGR) of 45.8% over the 2025–2030 period. Within the crypto sphere, open-source frameworks such as ElizaOS have already gained significant traction, exceeding 6,000 GitHub stars and drawing contributions from over 120 developers. Simultaneously, Virtuals Protocol has deployed more than 15,000 live agents on-chain, collectively generating over USD 60 million in protocol revenue (Virtuals Protocol whitepaper). While current AI crypto market capitalization is largely driven by speculative assets like meme coins – accounting for about 41% of the total – the report predicts that the long-term growth of DeFi will be driven by AI agents focused on functionality and efficiency. Ultimately, these intelligent systems will bring the next stage in DeFi by replacing rule-based protocols with dynamic decision-making, adapting to market conditions in real time.
The northern U.S. state had been an early adopter of crypto.
How many chances does one get to change their financial future before it becomes just another lesson in hindsight? Those who ignored Cardano’s early rise from mere cents to dollars often reflect on what a few smart decisions back then could’ve meant for their wallets today. Stories of missed ICOs aren’t rare anymore. In fact, they’re practically a rite of passage for anyone entering crypto. Cardano offered early adopters a leap forward, but the door eventually closed. What if that kind of opportunity was presenting itself again—quietly, but with all the potential signs lined up? That’s exactly where Qubetics enters the conversation. This blockchain-native project is gaining attention as the next popular crypto coin to buy, and for good reason. Not only is it technically sound, but its current stage still leaves room for those who act quickly. With a presale model that rewards early participation, Qubetics has created an urgency that feels eerily similar to those golden Cardano days. And yet, the presale is still open—meaning the regret hasn’t kicked in yet… unless you let it. Qubetics Missed Phases Are Gone — But This Popular Crypto Coin to Buy Still Has Time The earliest phases of the Qubetics presale are now part of crypto history. When it quietly launched in September 2024, $TICS was priced at just $0.01. Fast forward to today, and that window has long closed—but you’re not too late. With the current price at $0.2532 in Stage 34, and over 512 million tokens already sold to a community of more than 26,400 holders, Qubetics still ranks as a popular crypto coin to buy for those paying attention. More than $17 million has already been raised, and yet, thanks to a 10% price increase at the end of every 7-day stage, this is still considered a top crypto presale by market participants. The 12.85% token allocation reserved for early community members highlights the team’s commitment to broad and fair access. If you were to enter now with a $2,000 investment, your return potential stretches significantly based on Qubetics’ projected post-launch value. At a projected $1 valuation, your earnings hit $7,896—an ROI of 294.84%. If $TICS hits $5 post-launch, you’re looking at $49,350, or 1,874.21% ROI. At $10, that number becomes $78,960, translating to an eye-widening 3,848.42% ROI. Even at $6, that same $2,000 grows into $59,220 with a 2,269.05% return. That’s why this is being called a popular crypto coin to buy in 2025, and why the urgency around the Qubetics presale is no exaggeration. Qubetics is also gaining momentum thanks to its standout application—the Real World Asset Tokenisation Marketplace. This platform empowers both individuals and institutions to tokenize and trade physical and digital assets. For example, a small business owner can tokenize their real estate holdings to raise capital from global participants, while an independent artist can convert intellectual property into tradable tokens to monetize creativity without middlemen. It’s not just for enterprises either—a landlord in Spain or a coffee farmer in Kenya could tokenize fractional ownership of their assets, instantly gaining access to liquidity and global exposure. This level of access and transparency addresses longstanding problems in traditional asset markets, delivering on Qubetics’ promise of inclusion and decentralization. Without question, this adds weight to Qubetics’ reputation as a top crypto presale with practical utility. Cardano’s Rise Remains a Lesson in Timing When Cardano began its journey in 2017, it entered the market at a modest $0.02 during its ICO. It wasn’t until 2021 that Cardano surged to its all-time high of over $3.10, handing out life-changing gains to those who stayed the course. It became one of the standout platforms in the industry—not only for price performance but also for its rigorous academic approach and peer-reviewed development style. That initial wave of opportunity, however, did not last forever. Many missed out, and by the time mainstream awareness kicked in, Cardano’s affordability had become a thing of the past. Even though Cardano remains a major name in the ecosystem today, its trajectory has largely stabilized. Most of its massive returns are already behind it, locked away in early participation stories that newer entrants can only envy. While the platform continues to evolve, offering solutions through its Plutus smart contracts and expanding global reach, those looking for exponential growth often turn their heads elsewhere. And that’s where current focus is shifting—toward up-and-coming alternatives like Qubetics, which still offer the kind of ROI potential that once defined ADA. Conclusion: The Early Phase of the Next Popular Crypto Coin to Buy Is Still Open Opportunities like these don’t come around often—and when they do, they don’t stay hidden for long. Cardano offered massive upside to early participants, and Qubetics now carries the same profile, but with fresh utility, a high-growth roadmap, and a presale that’s still wide open for those paying attention. Between a smart tokenomics structure and a real-world marketplace that addresses global liquidity challenges, Qubetics is more than a promise—it’s a proposition. And right now, it’s still early. If you’ve been scouting for the next popular crypto coin to buy, the Qubetics presale deserves your full attention. With its stage-based pricing, increasing community traction, and clear utility, this top crypto presale isn’t one to sit out on. The price is still manageable, the ROI potential is charted, and the window—while open—is narrowing fast. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics The post Is Qubetics the Popular Crypto Coin to Buy That Cardano Once Was—But Still Early? appeared first on TheCoinrise.com .
The worlds of Artificial Intelligence and Blockchain are rapidly converging, and at the forefront of
The filing for a staked TRX ETF by Canary could open the door for continued gains among investors. CBOE BZX Exchange filed a 19b-4 proposal with the SEC to list
Senate Republicans and Democrats have agreed on potential amendments to the Stablecoin bill. Crypto journalist Eleanor Terret announced the update on X, noting that the Senators agreed on changes to provisions on consumer protection, ethics, bankruptcy, foreign issuers, and national security. According to Terret , a key provision in the amendment prohibits non-financial publicly traded companies from issuing stablecoins. The proposed amendment focuses on big tech companies like Meta, Apple, and Amazon. It stated that preventing them is essential to protect financial security and ensure a separation between banking and commercial. A summary reads: “Prohibits non-financial publicly traded companies from issuing a stablecoin unless they can meet strict criteria regarding financial risk, consumer data privacy, and fair business practices. This helps prevent companies like Meta, Amazon, Google, and Microsoft from issuing a stablecoin.” The move is likely in reaction to recent reports that Meta is considering enabling stablecoins on its platform. Although the report stated that the Facebook parent company is in discussion with multiple issuers, it was enough to trigger concerns from Congress members, given Meta’s previous attempts to issue a stablecoin. Senator Elizabeth Warren particularly issued a statement calling for the GENIUS Act to include a provision preventing Big tech companies and other commercial giants from owning or being affiliated with stablecoins. She added that Senators should not support any bill allowing big tech to take over financial transactions and prevent their adversaries from accessing the payment system. However, Meta has denied any plans to develop a stablecoin, stating that Diem is dead. Other amendments to the stablecoin bill Beyond banning big tech from issuing stablecoins, the amendments also appear to resolve most concerns that have threatened to derail the legislation. The proposed updates also include protections such as prohibiting any misrepresentation about stablecoins. With the amendment, issuers are prohibited from claiming that the Federal Deposit Insurance Corporation (FDIC) insurance or full faith and credit of the federal government back stablecoins. They can also not include any term that includes the United States Government or USG in the naming of their stablecoins. The updates also address ethical concerns by prescribing stricter punishment for multiple acts of non-compliance and strengthening enforcement capabilities. For instance, the Treasury now has the power to suspend a stablecoin issuer license for reckless and wilful violations instead of just wilful violations. This is expected to prevent negligence. Interestingly, the ethics rules have been extended to cover special government employees (SGEs), which means conflict of interest standards now apply to all government employees, including Elon Musk. Other updates address bankruptcy protections, foreign issuers, and national security. Amendments now state that holders of stablecoins have a claim against issuers that enter bankruptcy regardless of the redemption rights they agreed to. It also mandates regulators to analyze and present a report on gaps in bankruptcy laws as they affect stablecoin issuers and alternative frameworks that will ensure stablecoin users can get paid in full in such cases. Meanwhile, foreign issuers now face higher standards as they must meet two criteria instead of one under the earlier version of the bill. It said: “Requires foreign payment stablecoin issuers to have the technological capability to comply with lawful orders and meet the standards of a comparable foreign regulatory regime.” New provisions also give the Treasury the power to delist non-compliant stablecoins and establish stronger regulatory oversight and supervision. Issuers in sanctioned countries or countries considered to be laundering concerns cannot trade in the US. In order to solve national security concerns, the bill states that stablecoin issuers will be held to bank-like standards for compliance with anti-money laundering and sanctions. Domestic stablecoin issuers must have the technical ability to freeze and seize stablecoins. The amendments also clarify Treasury authority over offshore issuers of USD-backed stablecoins and directs the Financial Crimes Enforcement Network (FinCEN) to establish risk management standards for financial institutions interacting with DeFi protocols. Stablecoin bill cloture vote scheduled for next week With the senators now appearing to agree on the bill, the stablecoin legislation is expected to proceed as planned. Senate majority leader John Thune has already filed for cloture on the GENIUS Act, and a vote is now scheduled for Monday evening. Cloture is a legislative procedure for expediting a bill in the Senate by limiting debate so it can move to a final vote. It takes 60 votes, three-fifths of the Senate, to invoke the cloture. Thune had previously filed for cloture, but the vote failed because most pro-crypto senators pulled out until there were amendments to the bill. With the amendments now in place, the bill is expected to pass that stage. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage