Gadget360

Bitcoin experienced a minor price uptick on Monday, June 16th, signaling a potential weekend recovery. Globally, the cryptocurrency increased by less than one percent, reaching $106,645. Indian exchanges witnessed a more pronounced rise, with Bitcoin trading at $108,450, exceeding a one percent gain. This positive movement suggests a stabilization after recent fluctuations. Despite market volatility, Bitcoin maintains a strong position with a market dominance of 63.8 percent, underscoring its continued leadership in the cryptocurrency market.

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Bitget is partnering with UNICEF Luxembourg to provide Web3 education to over 300,000 individuals across eight countries like India, Brazil, and Morocco. The cryptocurrency exchange will leverage its “Bitget Academy” to develop a training module focused on teaching blockchain-based video game development. This initiative will make Bitget a member of UNICEF’s Game Changers Coalition (GCC), a group focused on skills development. The collaboration aims to empower participants with valuable skills in the rapidly growing Web3 space, potentially fostering innovation and opportunity in developing economies. By focusing on blockchain gaming, Bitget and UNICEF hope to engage learners with a compelling and practical application of Web3 technology.

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Trump Media & Technology Group (TMTG), associated with Donald Trump, has filed with the SEC to launch a cryptocurrency ETF investing in Bitcoin and Ethereum. This is TMTG’s second crypto ETF proposal in under two weeks, indicating a strong interest in the digital asset market.

The proposed “Truth Social Bitcoin & Ethereum ETF” aims to tap into the two leading cryptocurrencies. However, it will enter a saturated and fiercely competitive ETF landscape already controlled by established players.

The success of TMTG’s ETF hinges on SEC approval and its ability to differentiate itself in a market with several existing Bitcoin ETFs and growing interest in Ethereum-based investment products. This move signifies TMTG’s diversification strategy and ambition to engage with the burgeoning cryptocurrency sector.

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The US Senate has passed the GENIUS Act, a bipartisan bill establishing a regulatory framework for stablecoins pegged to the US dollar. The 68-30 vote marks a significant step for the digital asset industry, potentially paving the way for greater mainstream adoption of these cryptocurrencies.

The bill requires further approval from the Republican-controlled House of Representatives before it can be presented to President Trump for his signature. If passed, it would create federal rules governing the issuance and operation of stablecoins, aiming to provide clarity and consumer protection within the rapidly evolving crypto landscape. This legislation represents a crucial step towards legitimizing stablecoins and integrating them further into the financial system.

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