The U.S. Senate voted 68-30 on Wednesday to invoke cloture on the GENIUS Act, a major stablecoin bill, paving the way for a final floor vote scheduled for next Monday. If passed, the bill could set the first national regulatory…

GENIUS Act wins crucial vote, heads to Senate floor vote

On Thursday, bitcoin slid into a steady decline, slipping beneath the $106,000 
threshold and touching a fresh intraday low of $105,798. By 7:30 p.m. Eastern 
time on June 12, the top cryptocurrency had dropped 2.3% against the 
greenback. Bitcoin’s Slump Sends Waves Through $3.32T Crypto Market Overall, 
the mood stays gloomy, with bitcoin traders likely […]

Bitcoin Tumbles Below $106K as $645M in Liquidations Rattle Crypto Markets

USDC’s native launch on the XRP Ledger ignites a powerful new phase in cross- 
chain finance, unlocking real-time payments, seamless liquidity, and zero- 
bridge stablecoin integration. USDC Goes Native on XRP Ledger, Supercharging 
Its Blockchain Interoperability Financial technology company Circle Internet 
Group (NYSE: CRCL) announced on June 11 that its regulated stablecoin USDC is 
now available natively […]

Circle’s USDC Goes Live on XRP Ledger, Unlocking Real-Time Crypto Finance

Crypto analyst InvestingScope has drawn market participants’ attention to a 
major occurrence that hints at an imminent altcoin season. The analyst also 
revealed how high the crypto market could reach as altcoins outperform Bitcoin 
during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In 
a TradingView post, InvestingScope revealed that altcoins have made a 1-day 
Golden Cross, the first since just right after the US elections. He noted that 
the rally that followed made new highs for these altcoins, indicating that 
another altcoin season may be on the horizon. The analyst also predicted that 
the total crypto market can reach at least $4.03 trillion on this rally. 
Related Reading: Positioning For Altcoin Season: Analyst Reveals When To Buy 
As Bitcoin Dominance Rises He noted that since the Bear Cycle bottom, this is 
the fourth 1-day Golden Cross and that the minimum the market has surged 
around such a formation was just over 73%. As such, the crypto market cap, 
currently valued at $3.39 trillion, can reach the $4 trillion target during 
this altcoin season rally. Altcoins have again rallied following the recent 
Bitcoin run close to its all-time high (ATH). The Ethereum price hit $2,900, 
coming close to the psychological $3,000 level. Additionally, the Solana price 
also hit $170, its highest level over the last 90 days. With two of the top 
major altcoins making these runs, this has further fueled optimism that 
altcoin season may be around the corner. Bloomberg analyst Eric Balchunas told 
investors to get ready for a potential Altcoin ETF summer with Solana likely 
leading the way. This development could be the catalyst that sparks the 
altcoin season, with the SEC already asking issuers to amend their S-1 
filings. Meanwhile, the Ethereum ETFs just hit a four-month high of inflows, 
with $240 million flowing into these funds on June 11. These funds have also 
witnessed 18 consecutive days of inflows as optimism grows about the SEC 
approving staking for these funds. This could be another catalyst for altcoin 
season as the Ethereum price usually leads the way. ETH/BTC Breakout Is 
Imminent In an X post, market expert Paul Barron indicated that the ETH/BTC 
breakout was imminent, a development which would usher in the altcoin season. 
He declared that Altseason is preparing for a face-melter and that the ETH/BTC 
breakout is “committed”. The expert added that with market sentiment up 2.8%, 
ETH will be the leader. Related Reading: When Will Altcoin Season Begin After 
Bitcoin Price Hit ATH Above $111,000? Crypto analyst Mikybull Crypto has also 
made a case for Ethereum to lead the altcoin season. In a recent analysis, he 
stated that from a technical perspective, ETH is looking solid at its current 
levels. The analyst claimed that $2,800 is the next resistance to clear out 
before a rally to a new high of $3,900. He added that Ethereum usually 
performs well near the peak of the cycle. Featured image from Getty Images, 
chart from Tradingview.com

Altcoin Season Just Flashed A Golden Cross Amid Crypto Market Recovery

Maple Finance has added stETH as collateral for institutional stablecoin 
lending, allowing institutions to tap liquidity without forfeiting staking 
rewards, another sign of DeFi’s growing role in institutional treasury 
management. New Institutional Stablecoin Lending Program to Boost stETH 
Utility Maple Finance, a leading on-chain capital markets platform, has 
expanded its institutional offerings by enabling stablecoin […]

Maple Finance Rolls Out stETH-Backed Stablecoin Lending for Institutions

Talks of a potential acquisition follow renewed interest in Nexon&#8217;s massively 
multiplayer online role-playing game series MapleStory.