Ethereum rebounds and breaks through $2500

On June 18th, according to official channels, Coinbase is going to add support for Spark (SPK) on the Ethereum (ERC-20 token) network. It is expected that trading will start later today if the liquidity conditions are fulfilled.

BlockBeats has reported that on June 18th. According to the monitoring of Onchain Lens, multiple whales are actively accumulating HYPE. The address starting with 0x55 spent 2.31 million dollars to purchase 59,719 HYPE tokens with an average price of 38.68 dollars. The address starting with 0xe6 spent 2.11 million dollars to buy 53,645 HYPE tokens at an average price of 39.30 dollars. The address starting with 0x26 spent 1.51 million dollars to acquire 37,160 HYPE tokens with an average price of 40.70 dollars and simultaneously opened a 10x leveraged long position on HYPE and a 20x leveraged long position on BTC.

On June 18th, WLFI officially made an announcement. Sahara AI has successfully concluded its $8.5 million SAHARA token Initial DEX Offering (IDO) on the token launch platform Buidlpad. During this event, the total pledged subscription amount exceeded $74 million, which is 777% more than the subscription target. USD1 accounted for 79% ($59 million) of the total subscription amount, and BNB contributed 21% ($16 million).

On June 18th, according to the official website of the DTCC, the VanEck Solana Spot ETF has been listed on the DTCC website with the ticker symbol VSOL, and its creation/redemption status is marked as D. Although this does not signify any regulatory approval or a definite outcome of the approval process, being listed on the DTCC website is regarded as a part of the "standard procedure" for launching a new ETF.

On June 18th. According to reports from Politico, the U.S. Senate passed the significant cryptocurrency legislation, the GENIUS Act, on Tuesday in the local time. The purpose of this is to promote the growth of the industry. This indicates a historic lobbying success for digital asset companies during the Senate's first-ever vote on comprehensive regulatory reforms for cryptocurrencies. The U.S. Senate approved the bill with a vote of 68 in favor and 30 against. Among them, 18 Democrats joined the majority of Republicans to support its advancement to the House of Representatives for review. Led by Republican Senator Bill Hagerty from Tennessee, the bill will for the first time establish a U.S. regulatory framework for stablecoins pegged to the value of the U.S. dollar.

On June 18th, based on HTX market data, Bitcoin experienced a rebound and managed to break through $105,000. The 24-hour decline was narrowed down to 3.35%.