Analysts at Canaccord Genuity, a global investment bank, stated that the passage of the GENIUS Act, which grants regulatory clarity to stablecoins, could expand their use beyond crypto trading and pos...

Analysts at Canaccord Genuity, a global investment bank, stated that the passage of the GENIUS Act, which grants regulatory clarity to stablecoins, could expand their use beyond crypto trading and position them as a key driver in dollarizing the global economy, according to CoinDesk. The Act, with bipartisan support, recognizes compliant stablecoins as equivalent to cash, which could lead to wider adoption and strengthen the U.S. dollar.

Canaccord: GENIUS Act could boost stablecoin adoption and strengthen dollar

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...