Crypto News Roundup: Senate Stablecoin Bill, Bitcoin Nears Record, XRP and Ethereum Surge

The US Senate just advanced the GENIUS Act, a major bill to regulate stablecoins, with bipartisan support.

But controversy is brewing as Senate Democrats demand answers about President Trump’s family’s involvement in the World Liberty

Financial crypto venture and its new USD1 stablecoin.

Critics warn of conflicts of interest, while supporters say the bill could make the US the 'crypto capital

of the world.' Bitcoin is hovering just below its record high, boosted by strong US economic data and

surging institutional demand.

GameStop is raising $1.75 billion, possibly to buy more Bitcoin for its treasury, following MicroStrategy’s lead.

Analysts say to watch resistance at $112,000 and support at $107,000.

The recent US-China trade deal and cooling inflation are also fueling optimism.

Ethereum surged to $2,833, its highest in 15 weeks, thanks to record institutional inflows and a successful network

upgrade.

BlackRock’s Ethereum fund has seen 23 straight days of inflows, and staked ETH is at an all-time high.

Analysts are eyeing $3,000 and $3,500 as the next targets, but warn of volatility ahead.

XRP payment activity just spiked over 117%, with daily transactions topping 1.1 million.

Ripple is investing millions in Asia-Pacific blockchain research and launching grants for Japanese startups.

Meanwhile, the XpFinance DeFi presale on XRPL is drawing huge interest, offering early investors a 30% upside at

launch.

The ongoing SEC case and Japan expansion are fueling optimism for XRP’s future.

Ukraine’s parliament is considering a bill to let its central bank hold Bitcoin and other cryptocurrencies as part

of national reserves—a move that could set a global precedent.

Meanwhile, the Bitcoin community is split over a new software update that would allow more data to be

stored on the blockchain, with some fearing it could lead to spam, while others see new use cases.