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Quick Take Rep. French Hill said he believes the House has the votes required to advance key crypto legislation, such as the Senate’s GENIUS Act, a market structure bill, and a measure that would limit the federal government’s ability to create a central bank digital currency. Hill’s comments follow President Trump saying the day before that there is enough support to pass the GENIUS Act.
Bitcoin has reached a new all-time high, trading as high as $122.6k, putting all BTC investors back into profit. Based on key on-chain metrics, and if history acts as a guide, a potential push toward ~$130K may be on the cards before demand exhaustion sets in.
SHIB tests resistance at $0.00001434 as bullish daily patterns drive momentum Whale accumulation spikes 422% in one day, signaling growing investor confidence Analysts eye $0.00001718 short-term target, with $0.0001 long-term milestone in sight
Congressional efforts to advance cryptocurrency regulations face significant delays as Republican lawmakers remain divided on key provisions, despite President Trump’s direct intervention to secure party unity.
PayPal’s PYUSD stablecoin has expanded to the Arbitrum network, becoming the first layer-2 blockchain integration for the dollar-pegged cryptocurrency. This move aims to reduce transaction costs and improve processing speeds.
- 17:54JPMorgan Chase Reshuffles Quantum Computing Leadership TeamAccording to a report by Jinse Finance, JPMorgan Chase has carried out a comprehensive restructuring of the leadership of its internal research team responsible for quantum computing and other advanced technologies. Sources revealed that former IBM inventor Marco Pistoia has recently left the company. He became the head of JPMorgan Chase's applied research group in 2020. According to an employee memo sent on Monday, JPMorgan Chase has hired Rob Otte, the Global Head of Digital Technology and Quantum Computing at State Street Bank, to succeed Pistoia.
- 16:42UNI breaks through 11 dollarsAccording to Jinse Finance, market data shows that UNI has surpassed $11 and is now trading at $11.01, up 1.47% in the past 24 hours. The market is experiencing significant volatility, so please manage your risks accordingly.
- 16:37U.S. House Representative Accuses Federal Reserve Chair Powell of Committing Perjury TwiceAccording to ChainCatcher, Fox News reported that U.S. House Representative Anna Paulina Luna has filed criminal charges with the Department of Justice, alleging that Federal Reserve Chairman Jerome Powell committed perjury on two occasions. In her letter, Luna wrote: "On June 25, 2025, Powell testified under oath before the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding the renovation of the Federal Reserve's Eccles Building. In his statement, he made several significant false claims." Luna also stated: "Additionally, in a letter to Russell Vought, Director of the U.S. Office of Management and Budget (OMB), Powell claimed that the increase in the project's cost from $1.9 billion to $2.5 billion was insignificant. However, documents reviewed by congressional investigators indicate that the scope and cost overruns of this project are neither minor nor trivial in nature or substance." Perjury is punishable by a fine and up to five years in prison.