marketmoves

₿ Crypto Brief

🎯 GENIUS Act signed; Solana ETF review fast-tracked; Bitcoin, Solana hit record highs; TradFi ramps crypto.

🔸 U.S. Congress passed the GENIUS Act, the first federal stablecoin law; Senate released a draft digital asset framework.

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🔸 Trump Media allocated $2B to Bitcoin $BTCUSD, making BTC 66% of its liquid assets post-SEC fundraise.
🔸 JPMorgan $JPM is considering direct Bitcoin $BTCUSD/Ethereum-backed loans; PNC partnered with Coinbase $COIN for customer crypto trading.

🔸 Bitcoin $BTCUSD hit an all-time high of $123,000, holding above $117,000; SpaceX moved $153M in BTC internally after three years of inactivity.
🔸 MicroStrategy $MSTR bought 6,220 BTC ($739.8M), now holds 607,770 BTC; announced $500M STRC preferred IPO for more BTC buys.

🔸 SEC accelerated spot Solana ETF review, with amended S-1 filings due July 31.
🔸 Solana $SOLUSD overtook Binance Coin in market cap ($107B+), broke $200, and led in NFT, futures, and tokenized stock volumes.