On July 7, 2025, the crypto market experienced significant growth, driven by regulatory progress and increased institutional interest. The United States Senate's approval of the GENIUS Act has paved the way for comprehensive stablecoin regulations. This bipartisan support requires stablecoins to be backed by liquid reserves and mandates monthly disclosure. (Source: Reuters, June 18, 2025)
Globally, the Markets in Crypto-Assets Regulation (MiCA) framework has been fully implemented in the European Union. Singapore has witnessed a 150% increase in crypto adoption. The establishment of the Strategic Bitcoin Reserve by President Donald Trump in March 2025 further solidified the U.S.'s commitment to digital assets. (Source: Reuters, June 18, 2025)
Bitcoin (BTC) is trading at $109,324, up 1.13% from the previous close, with an intraday high of $109,574. Ethereum (ETH) is priced at $2,577, up 2.37% from the previous close. These developments signal a robust and expanding global crypto ecosystem. (Source: Reuters, June 18, 2025)