Bitcoin slid below the $100,000 support level due to spillover effects from oil markets reacting to U.S.–Iran tensions. Ethereum plunged too, down nearly 8.5%, triggering a wave of liquidations worth $450 million in crypto markets
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The U.S. Senate passed the GENIUS Act, which reclassifies stablecoins as payment systems—not securities—imposing new transparency and reserve requirements. Though hailed by crypto advocates, critics fear it doesn’t sufficiently address risks and may echo past regulatory blind spots
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U.S. investor Anthony Pompliano has merged his ProCap BTC firm with SPAC Columbus Circle Capital I to form ProCap Financial, aiming to hold up to $1 billion in Bitcoin. The company will monetize its BTC via lending, derivatives, and other yield strategies—backed already by institutional heavyweights like Citadel and Jane Street
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