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June 20 Crypto News Digest – BTC Liquidations, Stablecoin Bill, ETF Filings & More

by hotshed71

Stock market information for Bitcoin (BTC)

  • The price is 103951.0 USD currently with a change of -2148.00 USD (-0.02%) from the previous close.
  • The intraday high is 106105.0 USD and the intraday low is 102609.0 USD.

Stock market information for Ethereum (ETH)

  • The price is 2440.57 USD currently with a change of -113.64 USD (-0.04%) from the previous close.
  • The intraday high is 2557.27 USD and the intraday low is 2389.14 USD.

Market Snapshot (as of June 20, 2025, 16:00 UTC)

 

Today’s Top Crypto Headlines

1. Bitcoin plunges below $103K, triggering $450M in liquidations
A sudden drop wiped out earlier gains from $106K, mainly affecting long positions. CoinGlass reports $450M liquidated during the session.
Why it matters: Illustrates extreme intraday volatility and highlights systemic risk for leveraged positions. (coindesk.com)

2. Senate passes stablecoin bill, stocks in stablecoin firms surge
The U.S. Senate approved the GENIUS Act, introducing regulatory guardrails for stablecoins. Circle stock soared 53% after the vote.
Why it matters: Establishes clearer rules for stablecoins, paving the way for institutional adoption and reducing regulatory uncertainty. (wsj.com)

3. SEC scraps 14 Biden-era rules, opens door to crypto expansion
New SEC Chair Paul Atkins withdrew proposals impacting crypto exchanges and DeFi platforms. Industry groups cheered; consumer advocates raised safety concerns.
Why it matters: Points to a deregulatory trend that may facilitate innovation but could also reduce investor protections. (ft.com)

4. Trump Media files for BTC–ETH ETF via Biden-era platform
Trump Media & Technology Group seeks SEC approval for a new ETF—75% Bitcoin, 25% Ether—with Crypto.com as liquidity provider.
Why it matters: Highlights high-profile involvement in crypto ETFs and growing mainstream investor interest. (businessinsider.com)

5. Altcoin ETF filings surge amid “altcoin summer” optimism
Over 31 altcoin-related ETFs—covering tokens like XRP, SOL, LTC, DOGE—have been filed, with approval chances now placed at ~90%.
Why it matters: Signals a shift toward broader retail/institutional access beyond BTC and ETH. (cointelegraph.com)

6. Coinbase seeks approval for tokenized equities
Coinbase is pursuing SEC permission to integrate stock trading via blockchain, enabling tokenized equities for customers.
Why it matters: Could herald the merging of crypto infrastructure with traditional finance, expanding product offerings. (reuters.com)

Regulatory & Policy Watch

  • GENIUS Act wins Senate approval
    The new stablecoin bill mandates full reserves, AML/KYC reporting, and forbids lawmakers from issuing their own stablecoins. Moves now to the House; potential presidential signature before August. (wsj.com)
  • SEC chair repeals 14 previous rules
    Under Atkins, the SEC has removed regulations addressing crypto-exchange definitions, climate disclosures, and DeFi oversight. The crypto sector welcomes this, but consumer groups warn of regulatory rollback risks. (ft.com)

Project Spotlight: Frank’s Solana ETF Push

What it is: Franklin Templeton is advancing spot ETFs for Solana and XRP, with public comment periods open.
Why it’s gaining attention: Signals the next institutional frontier after BTC/ETH ETFs, suggesting broader altcoin acceptance.
Tokenomics/Utility: Encourages capital inflow and could serve staking and treasury use cases via asset holdings.

Tech & Innovation

Ethereum Strategy Reserve surpasses $3B
Institutional ETH holdings are swelling as firms accumulate sizable reserves for strategy deployment.

SEC Crypto Task Force in action
Led by Commissioner Peirce, the new task force is holding rounds of public roundtables aiming to clarify security vs. commodity status and bring meaningful guidance for protocols. (sec.gov)

Notable Tweets or Threads

No strong viral tweets found in past 24 hours—community focused on Senate bill momentum and market volatility.

Crypto Tip of the Day

Mitigate liquidation risk during high volatility:
Use position sizing and actively set stop-losses, especially amid sudden liquidations like today’s $450M spiral. Review margin and collateral levels during periods of price instability.