🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
GENIUS Act stablecoin regulation
Key Points:* US Senate didn’t pass GENIUS Act, impacting stablecoins like Tether.
The US Senate on May 9 failed to advance the GENIUS Act for stablecoin regulation in a 48-49 vote.
US Senate Fails to Advance GENIUS Act Vote
Market impact is significant, particularly for Tether, due to regulatory ambiguity.
The US Senate’s failure to advance the GENIUS Act marks a setback for US stablecoin regulation. Central to the legislative process were Senate Majority Leader John Thune (R-S.D.) and Senate Minority Leader Chuck Schumer (D-N.Y.), who led the opposing factions, reflecting political divisions. Senate vote sees support for Genius Act from key stakeholders.
Digital Asset Market Reels from Legislative Setback
Did you know? The GENIUS Act’s failure underscores a history of legislative challenges in regulating digital assets, highlighting ongoing regulatory uncertainty.
CoinMarketCap data shows Tether’s recent activity: a $149.73 billion market cap and $116.21 billion 24-hour trading volume. Trading volumes increased by 2.54%, while the seven-day change recorded a minor decrease of 0.05%, emphasizing Tether’s stability amid regulatory uncertainty.