Overview

• Bitcoin reached a fresh peak above $124,000, touching nearly $124,500 in Asian trading before a modest pullback.
• During a “Crypto Week” in Congress, lawmakers passed the GENIUS Act, CLARITY Act and Anti-CBDC Act to define digital-asset status and stablecoin standards.
• The White House issued a 160-page crypto reform report and approved the inclusion of cryptocurrencies in 401(k) plans to broaden institutional access.
• U.S. regulators closed key legal battles and proposed closer SEC-CFTC coordination to reduce compliance hurdles for crypto firms.
• Fed rate-cut expectations and spot-ETF approvals have fueled record institutional inflows, driving total crypto market value above $4 trillion.