In a historic vote, the U.S. Senate has passed the GENIUS Act, a bipartisan bill aimed at establishing federal rules for stablecoins. According to a CNN report, on June 17, the bill cleared the Senate with strong bipartisan support in…

U.S. Senate passes landmark Genius Act, aiming to bring clarity in stablecoin regulation

Ethereum (ETH) has experienced a notable pullback after a brief period of 
upward momentum earlier this month. The asset, which surged past the $2,800 
level in mid-June, has since declined by 8.7% over the past week, now trading 
at around $2,498. This retreat follows broader market consolidation, as 
Ethereum struggles to maintain upward pressure despite strong on-chain 
activity. Related Reading: Ethereum Consolidation Continues – Altseason May 
Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends 
While ETH&#8217;s price action has turned negative, on-chain indicators suggest a 
contrasting narrative of growing investor conviction. According to insights 
shared by on-chain analyst OnChainSchool via CryptoQuant’s QuickTake platform, 
Ethereum has set a new record in staking activity. In the first half of June 
alone, more than 500,000 ETH were staked, pushing the total locked amount to 
over 35 million ETH. This growth in staked ETH not only reflects rising 
validator participation but also contributes to reducing the circulating 
supply, a dynamic that may influence future price movements. The report also 
highlights a rise in accumulation addresses, wallets that have received ETH 
but have never transferred any out. These addresses now collectively hold 22.8 
million ETH, another all-time high. This trend is often interpreted as a sign 
of long-term holding behavior and suggests that certain investor cohorts are 
positioning themselves for future price appreciation rather than short-term 
gains. Taken together, the record levels of staking and accumulation point 
toward an increasingly illiquid supply, which, if demand increases, could 
amplify upward price pressure. Ethereum Hits ATH in Staking: Over 35 Million 
ETH Locked “Alongside this, Accumulation Addresses (holders with no history of 
selling) have also reached an all-time high, now holding 22.8 million ETH.” – 
By @onchainschool Read more ⤵️https://t.co/WYoX9qpODZ 
pic.twitter.com/6MAlK0sCfJ — CryptoQuant.com (@cryptoquant_com) June 17, 2025 
A Technical Look: Price Explosion on the Horizon? In addition to the on-chain 
data, market participants are also analyzing Ethereum from a technical 
perspective. A crypto analyst on X operating under the pseudonym 
“Bitcoinsensus” has drawn attention to a multi-year “bullish flag” pattern 
forming on ETH charts since 2021. A bullish flag is a technical chart 
formation that typically follows a strong price move upward, marked by a 
period of consolidation in a downward-sloping channel. If the asset breaks out 
of the flag to the upside, it can signal a continuation of the prior bullish 
trend. Related Reading: Ethereum Holds Key Range Support – Bulls Set Sights on 
Higher Levels Bitcoinsensus suggests that if the pattern completes, Ethereum 
could target a move toward the $8,000 range. This potential breakout would 
depend on several factors, including macroeconomic sentiment, ETF flows, and 
on-chain fundamentals. Featured image created with DALL-E, Chart from 
TradingView

Ethereum Staking Hits 35M ETH: Is a Major Price Explosion on the Horizon?

Crypto is a powerful innovation waiting for the rules that will pave the way 
for crypto&#8217;s mass adoption.

Compliance as a catalyst: The key to mass adoption and the future of crypto | Opinion

Iran’s largest crypto exchange, Nobitex, has confirmed a security breach that 
resulted in the loss of a significant amount of digital assets, as tensions 
between Iran and Israel spill over into cyberspace. On June 18, Nobitex posted 
a statement on…

Iranian crypto exchange Nobitex suffers $81M exploit, pro-Israel hacker group takes credit

The Blockchain Group (Euronext Paris: ALTBG) announced the acquisition of 182 
bitcoin for approximately $19.65 million (€17 million), bringing its total 
holdings to 1,653 BTC valued at around $171.36 million (€148.9 million). The 
company reported a remarkable BTC yield of 1,173.2% year-to-date (YTD) and a 
gain of approximately 469.3 BTC, or about €43.8 million YTD. […]

The Blockchain Group Acquires 182 Bitcoin, Boosting Total Holdings to 1,653 BTC

JD.com plans to apply for stablecoin licenses in major countries, aiming to 
slash cross-border payment costs by 90% and settle in 10 seconds.