The United States passes the GENIUS Act, ushering in a new regulatory landscape for the global crypto market.

This week’s crypto roundup: The U.S. Senate passed the GENIUS Act, marking the country’s first major crypto legislation. Ripple has urged UK regulators to speed up the development of a digital asset framework. On the security front, pro-Israel hacking groups attacked Nobitex, Iran’s largest exchange, stealing $90 million, and a data breach involving 16 billion login credentials raised serious theft and fraud risks. BBVA, Spain’s second-largest bank, advises wealthy clients to allocate up to 7% of their portfolios to Bitcoin and Ethereum. Eric Trump clarified that he is not officially associated with Tron’s plans to go public in the United States. In the field of Web3, Bubblemaps has partnered with TON, the blockchain of the Telegram ecosystem, and My Neighbor Alice, a community-building game, has officially launched on the Chromia blockchain. Pay, a trading platform, has partnered with Cryptorefills to serve more than 40 million users. Bitcoin is accelerating its evolution through ETFs, ordinal numbers, and programmability. CertiK received a ChainGPT grant to improve on-chain risk communication. A trading platform announced a $2 billion trust project to improve the safety of user funds. In terms of security, the leakage of 16 billion login credentials has caused industry concerns, and the Nobitex hacking incident has symbolically frozen assets. On the regulatory front, Paradigm has warned about the prosecution of software developers, Trump has called on the House of Representatives to quickly pass the GENIUS bill, which has been passed by the Senate, and Ripple has proposed a four-point plan to speed up crypto regulation in the UK. This article is for informational purposes only and does not constitute legal, tax, investment advice, etc.