The GENIUS Act is one step closer to becoming law in a development that may make stablecoin issuers key players in the US economy.

GENIUS Act passage paves way for institutional stablecoin use

In a post on June 17, prominent crypto strategist Astronomer 
(@astronomer_zero) outlined his high-conviction roadmap for Bitcoin’s next 
major breakout, emphasizing that timing—not just price—is the most critical 
factor for those still on the sidelines. Despite projecting a continuation of 
the broader uptrend that began at $18,000 in 2023, Astronomer warned that 
jumping in prematurely could blunt the risk-reward ratio of the next leg. 
“Planning to buy now into BTC is expected to net you a move of over 70% in a 
short period of time,” he wrote. “But the closer we get to those 10 weeks, 
confirmed with price action, the closer BTC is to breaking out.” Buy Bitcoin 
Now? His primary thesis: Bitcoin’s breakout will not occur before June 30, and 
any significant move is statistically more likely after that date. This aligns 
with what he calls one of the “most ancient crypto mechanics”—Bitcoin moves 
first, and altcoins follow. Related Reading: Analyst Predicts Bitcoin Price 
Crash As War Tensions Mount In Middle East Astronomer’s roadmap presents a 
tiered accumulation strategy rooted in probabilistic support zones. “Upon 
statistical analysis, the expected close before going up only is around 
$103k,” he wrote. “Probably a good level to start getting involved. […] The 
expected level to be reached based on all prior signals (lowest wick) is $96k. 
Probably a good level to buy heavy if given. […] And finally, the expected 
lowest close is $90k. Probably a good level to allocate (almost) all your dry 
powder.” But beyond the price levels, Astronomer places stronger emphasis on 
timing: “If the price doesn&#8217;t go as deep into the $90’s—which I don&#8217;t think is 
very likely—I expect June to close between $95-110k and not go much lower. 
Then I&#8217;d buy more and more the closer we get to those 10 weeks regardless of 
the price. Time is more important than price.” He also pointed to structural 
market dynamics supporting his thesis, including a bullish spot-to-perpetual 
rotation: “The order books start to rotate towards green into spot, red into 
perps (aggressive shorts, aggressive spot buys), simply visible with the 
increasing spot premiums.” Adding to the signal strength is a recent weekly 
hash ribbon print—“one that never failed,” he noted. Related Reading: $150,000 
Bitcoin Is In Play—Unless This One Macro Metric Snaps Astronomer further 
offered guidance for navigating altcoins, advising traders to wait for the 
breakout rather than attempting to catch falling knives. “Buying alts when BTC 
breaks out […] is smarter than trying to knife catch them. To eliminate the 
drawdown and reap the upside rewards.” Summarizing his plan, he said, “If I 
was sidelined, I&#8217;d look to buy below $103k and as much as possible as close to 
$90k as possible. And the closer we get to those 10 weeks, confirmed with 
price action, the more confident I become.” Astronomer’s final message 
underscores that his bullish stance hasn’t changed since the flip at $18K: “No 
top being in yet, until we reach at least 170k+. That is the plan.” And for 
those still unsure? He offers a blunt reminder: “This post is indeed on the 
backbone of our overall bull market masterplan. Good information if you want 
to make money—even if you’re sidelined, holding, or want to top up your bags.” 
At press time, BTC traded at $105,094. Featured image created with DALL.E, 
chart from TradingView.com

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The initial purchase of more than 187 BTC was part of a larger strategy to 
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The DOJ&#8217;s action highlights the increasing need for robust international 
cooperation and advanced digital forensics in combating crypto fraud.
The post US DOJ seeks to forfeit $225 million in crypto from global scam 
network appeared first on Crypto Briefing.

US DOJ seeks to forfeit $225 million in crypto from global scam network

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volatility and sideways consolidation. With multiple technical confluences now 
in play, the market appears primed for a decisive breakout,or breakdown. The 
current structure suggests that price is…

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