Bitget Daily Digest(6.18)｜GENIUS Stablecoin Bill Approved, Ethereum Staking Hits All-Time High, $S and $FTN Face Major Unlocks

远山洞见2025/06/18 02:49

By:远山洞见

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Today’s Preview

The number of initial jobless claims in the US for the week ending June 14 will be released today (previous: 248,000).
The EIA US crude oil inventories for the week ending June 13 will be announced today (previous: -3.644 million barrels).
Fasttoken (FTN) will unlock 20 million tokens (worth around $88.8 million, accounting for 4.65% of circulating supply) on June 18.
Sonic (S) will unlock 47.63 million tokens (worth approximately $15.73 million, 1.65% of circulating supply) on June 18.
Sonic Labs will launch the Season 2 $S Airdrop on June 18. Passive points will be scrapped, rewarding only real on-chain activity and long-term loyalty. Users can earn points via asset deployment and DeFi participation. Initial loyalty multipliers depend on Season 1’s performance and can dynamically adjust up to 3x. 25% of the airdrop is claimable now, with the remaining 75% linearly released over 270 days in NFT format.

Macro & Hot Topics

The US GENIUS Act has been approved by the Senate, marking a historic step in stablecoin legislation. The bill passed by 68–30 and will now move to the House of Representatives. The act establishes a federal regulatory framework for stablecoins with 1:1 reserve requirements, consumer protections, and anti-money laundering provisions. However, it doesn’t restrict the President and family members from profiting from stablecoin issuance, drawing criticism from Democrats over potential Trump family conflicts of interest. The Trump family’s World Liberty Financial project reportedly earned over $57m through token sales last year.
Brazil’s Bitcoin Reserve Bill has passed its first committee review. Bill PL 4501/2023 or PL 4501/2024 proposes to set up a “sovereign strategic Bitcoin reserve,” allocating up to 5% of foreign reserves to Bitcoin. If adopted, Brazil will be the second Latin American country after El Salvador to legitimize national BTC reserves.
Billionaire Mark Cuban speculated on social media that the Trump family’s newly released T1 smartphone may integrate a crypto wallet, supporting Trump-themed tokens and the World Liberty Financial stablecoin, with profits generated from transaction fees. If true, the device could serve as a Web3 ecosystem gateway for Trump-branded assets. The $499 gold-plated phone, launched by Trump’s children, claims to “revolutionize the mobile industry” but discloses no manufacturer info. There’s no mention of crypto functions on the official website, only special services like roadside assistance and telemedicine. The T1 is expected to go on sale in September.
On June 17, Russia launched its largest airstrike on Kyiv in recent years, deploying over 440 drones and 32 missiles, killing 15 and injuring 75, drawing widespread international attention. Meanwhile, the EU has formally proposed a full ban on Russian gas & oil imports by the end of 2027, signaling a strategic pivot. US-Russia relations have soured further: after Trump announced a pause on sanctions, the US canceled upcoming talks, seen as a setback for bilateral progress. With mounting geopolitical tensions, global focus is once again on Ukraine.

Market Updates

1. BTC rebounded after briefly dipping to the 104,000 region, while the market saw broad declines. Liquidations reached $363 million in the past 24h, mostly on long positions. $ZKJ retraced sharply after buybacks and led the losses; $LA and $AB climbed into the top 10 spot volumes.

2. US stocks closed lower, Tesla fell nearly 4%, solar stocks tumbled; crude oil jumped up to 5%; silver hit an all-time high.

Bitget Daily Digest(6.18)｜GENIUS Stablecoin Bill Approved, Ethereum Staking Hits All-Time High, $S and $FTN Face Major Unlocks image 1

3. On the Bitget BTC/USDT liquidation map (current price at 104,508 USDT): A 2,000-point price drop to 102,508 would result in total long liquidations exceeding $455 million; a 2,000-point rise to 106,508 would see total short liquidations over $653 million. Short-side liquidation far exceeds long—traders are advised to manage leverage to avoid large-scale forced liquidations during volatility.

Bitget Daily Digest(6.18)｜GENIUS Stablecoin Bill Approved, Ethereum Staking Hits All-Time High, $S and $FTN Face Major Unlocks image 2

4. Inflows to BTC spot in the past 24 hours totaled $2.4 billion, with outflows of $2.7 billion, for a net outflow of $300 million.

Bitget Daily Digest(6.18)｜GENIUS Stablecoin Bill Approved, Ethereum Staking Hits All-Time High, $S and $FTN Face Major Unlocks image 3

5. Over the past 24h, contracts for $ETH, $BTC, $DOGE, $PEPE, and $SOL led in net outflows, potentially signaling trading opportunities.

Bitget Daily Digest(6.18)｜GENIUS Stablecoin Bill Approved, Ethereum Staking Hits All-Time High, $S and $FTN Face Major Unlocks image 4

Institutional Views

Canopy Capital: Stablecoins set to become the main transaction mechanism for all payments Original link

CryptoQuant: Ethereum staking surpasses 35 million ETH, setting a new record high Original link

News Updates

Trump: Complete control over Iranian airspace achieved.
US GENIUS Act passed in the Senate—historic milestone for stablecoin law.
Israel’s Strategic Affairs Minister: Operation in Iran nearly complete.
Brazil’s Bitcoin Reserve Bill passes first committee review.
Thailand’s Cabinet has approved a 5-year personal income tax exemption policy for crypto gains.

Project Developments

JP Morgan trials JPMD deposit tokens on Base chain, bringing commercial deposits on-chain for the first time.
StarkWare announces launch of STRK token delegation program.
Layer 2 network Ink will launch its native token INK (total supply: 1B).
Interactive Strength completed a $55M first-round financing and has started open-market FET token purchases.
Infini co-founder: High compliance costs, low profits, and operational burdens are main reasons for U-Card discontinuation.
Purpose Investments will launch an XRP ETF on the Toronto Stock Exchange on June 18.
Namada has entered the final stage of mainnet launch with its native token soon to begin trading.
PancakeSwap to airdrop 1.9M+ ZK tokens to active traders and liquidity providers.
Sahara AI’s BuidlPad community round oversubscribed by 877%, with over $74M committed.
Avalanche launches a free Battle Pass, offering AVAX and NFT rewards.

X Highlights

1. Max: Why Chasing Tops Gets You Burned (and How Others Buy Bottoms Instead) The core problem with always getting burned chasing tops is the lack of strategy and discipline. Moving averages (like MA10, MA20, MA30, MA60) help gauge the average entry costs of major players. The best practice isn’t blindly chasing after price spikes, but waiting for a pullback to key moving averages (like MA10) before entry. If the uptrend continues, you often end up buying the dip rather than the top. If price breaks down below the MA and the trend weakens, stop out swiftly to avoid being trapped. MAs are just tools: adapting to trends, being dynamic, and knowing when to cut losses is key. There’s no perfect system, but rules, reviews, and self-control help you capture those rare winning trends. Original link

2. Doom@SleepinRain: Main Plays Amid Geopolitical Turbulence: Stablecoins, AI, WLFI, and Short-term Base Opportunities With current global tension, capital preservation comes first. There’s a lack of direct plays on the stablecoin theme, but $TRX stands out with its deflation, real staking demand, and listing expectations. Pump.fun’s ICO was delayed, but WLFI sentiment is strong—if not overpriced at opening, buyers remain. Key for AI is focusing on projects tied to data, computing, training, and embodied intelligence—especially those unlocking new data sources, like $Iyrs, Grass, Mira, Worldcoin. $BID, Virtuals, and its Agent ecosystem remain to be watched for attention and rotation. Other targets include $JTO, $CLOUD (SOL staking ETF), $AERO, and $RFL (Base DEX with AI Agent integrations). Track rotation in key narratives, manage risk, and wait patiently for confirmation. Original link

3. Crypto_Painter: US–Iran Tensions and BTC Structure Echo Pre–Russia–Ukraine War? On PolyMarket, the probability of US military action against Iran before July has soared to 72%, with bets exceeding $10M, signaling the market sees the US getting directly involved. The outcome is strictly defined: only direct US military action, confirmed by official or authoritative media, counts as a “yes.” If history “rhymes,” BTC’s daily structure could mirror the growing consolidation and volatility seen before and during the Russia–Ukraine war. Remain highly cautious: history doesn’t repeat, but it often rhymes. Original link

4. Bruce J: GENIUS Act—Key Points on New US Stablecoin Issuance Regulations

The newly passed US GENIUS Act establishes a comprehensive regulatory framework for stablecoin issuers:

- Reserve Requirements: Issuers must hold 1:1 USD or short-term treasury reserves for all coins.

- Disclosure & Audit: Monthly reserve reports; registered auditor review; CEO/CFO must personally certify accuracy.

- Supervision Model: Option for federal or state supervision; issuers with fewer than $10B in issuance can opt for state-only.

- Consumer Protection: Must comply with AML; in case of bankruptcy, users have seniority over assets.

- Restrictions: Members of Congress and senior executive officials may not issue payment stablecoins during their terms. The rules aim to raise industry transparency and secure US stablecoin compliance and user protection. Original link

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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