Bitcoin price warning appears, Stablecoins score regulation wins: Binance Weekly Report

This week, the cryptocurrency sector achieved a major victory in the Stablecoin space, despite geopolitical headwinds putting the market on a risky stance. However, Bitcoin (BTC) has been solidified until it plummeted on Friday due to tensions between Israel and Iran.

A weekly report by Binance, the world’s largest crypto exchange, shows that volatility in global markets has increased since the beginning of this week. The Fed kept interest rates stable, but investors sold their risky assets, including BTC and stocks, when seeking security.

Bitcoin Merger

Bitcoin and stocks began this week’s rally, freeing from the negative sentiment brought about by geopolitical headlines. By mid-week, BTC had retreated to $103,500, with investors worried that deeper Middle East geopolitical spillovers surfaced.

Bitcoin not only witnesses the trend of flying to security. Aether and other large Altcoins saw similar moves.

As investors shifted from risk to risk-taking approaches, binary analysts found that structural demand for BTC remained resilient. The total inflow to the U.S. spot exchange-traded fund (ETF) market is $2.4 billion, continuing until June 18. The exchange said it was a sign of long-term investors’ “sales”.

Live Ethereum ETFs also saw significant positive flows, exceeding $605 million during the same period. Furthermore, Ethereum’s chain-chain metrics remain positive, while fixed Ether (ETH) soared to a record 34.9 million ETH, accounting for 28.9% of the revolving supply. Analysts found that more than 500,000 fixed amounts were added in the first two weeks of June.

“This shows the rising belief in ETH’s earning potential and cybersecurity, while further reducing the supply of liquids,” Binance said.

U.S. Senate passes Stablecoin bill

In terms of regulation, the U.S. Senate passed a landmark guidance and building national innovation in 68-30 votes on June 17. The bill is the first comprehensive regulatory framework to fully retain, anti-joint venture money laundering (AML). The next step in the Genius Act is to pass the House before it becomes law.

While the bill marks an important step in Stablecoin regulations, it raises concerns about the concentration of risks in the traditional banking system. This is because the Act provides for stable reserves only by federally regulated entities.

Meanwhile, as Stablecoin usage reaches record highs, policy wins are on record: Total supply has grown 22.5% since 2024 to $250 billion, and on-chain transfers exceed $20 trillion.