The U.S. Senate is set to vote on the GENIUS Act on Tuesday, a stablecoin regulation bill requiring dollar-backed reserves, audits for large issuers and consumer protections. The bill has gained bipar...

The U.S. Senate is set to vote on the GENIUS Act on Tuesday, a stablecoin regulation bill requiring dollar-backed reserves, audits for large issuers and consumer protections. The bill has gained bipartisan support after revisions addressed concerns over foreign issuers and corporate involvement. Controversy remains over U.S. President Trump’s ties to World Liberty Financial, a stablecoin issuer co-founded by his sons. While the bill restricts current officials from direct involvement, it does not apply to family members. According to The Block, The House may adopt the GENIUS Act over its own version due to broader Senate support.

GENIUS stablecoin bill heads to Senate vote

Bitcoin (BTC) Price Prediction for June 21

Table of Contents
- Chain Ghost City
- Transaction Volume Remains Strong
- On-Chain Fees at Historic Lows
- Off-Chain Transaction Volume Increases
- Leverage Accumulation
- Conclusion

On-chain transaction count has decreased, but settlement volume has increased, indicating a rise in usage by large entities. Although the number of transactions has declined, the average transaction size has significantly grown, suggesting that institutional or high-net-worth participants are dominating on-chain activities.

Despite Bitcoin's trading price being close to historical highs, on-chain fees remain low, with demand for block space still minimal. This represents a significant difference from previous cycles. In previous cycles, ...

Bitcoin is on the rise, but the Bitcoin network has become a ghost town on the chain?

As the second quarter is about to end, the price action of XRP may be preparing for a surprising breakout. This altcoin has been stuck below $2.50 for over a month, but new technical indicators suggest s...