Bitcoin’s Bullish Momentum: GENIUS Bill Advances, Powell Rules Out July Rate Cut, and Institutions Stack BTC

The Big Picture: Markets on High Alert

It’s been one of those weeks where the noise drowns out the signal — but not for long. I’ve spent my Tuesday morning reviewing 24-hour price actions across CEXes and chain metrics. Bitcoin held firm at +0.99%, while ETH surged 1.67%. But what really caught my eye? The institutional buying spree — especially from listed firms now treating BTC as treasury assets.

Meanwhile, Fed Chair Jerome Powell made his stance crystal clear: no rate cut in July. Not even a hint. His comment was textbook central banking: ‘I don’t want to rush.’ Exactly how I’d describe my morning commute through London traffic.

Regulatory Waves Across Continents

The regulatory landscape isn’t just shifting — it’s tectonic.

In Hong Kong, the new stablecoin license won’t be limited to HKD-backed tokens. As HashKey Group’s肖风 (Xiao Feng) put it: you can issue USDC on Ethereum or even your own private chain if you’re bold enough.

Japan is also moving fast — considering lifting crypto from the ‘payment service’ framework into financial instruments under《Financial Instruments and Exchange Act》— which could mean lower taxes (around 20% vs 55%) and possibly even a Bitcoin ETF.

And then there’s Europe — where EU officials are preparing retaliatory tariffs in case Trump doesn’t soften his trade stance. That kind of geopolitical chess game? It never stops impacting crypto adoption curves.

The Gold Rush Behind Closed Doors: Institutional BTC Accumulation

Let me be blunt — this isn’t about speculation anymore.

London-listed Vinanz added 37.72 BTC this week, bringing its total holdings to 58.68 BTC (worth ~$7 million at current prices). Bitmax in Seoul upped its total to 300.08 BTC, making them Korea’s biggest corporate holder.

The Smarter Web Company bought another 196.9 BTC at ~$10k each — their portfolio now exceeds 543 BTC.

These aren’t random purchases; they’re strategic treasury allocations backed by audited plans and board approvals.

When public companies treat cryptocurrency like sovereign reserves… well, that changes everything.

Meme Coins & Market Psychology: A Double-Edged Sword

Now let’s talk about the fun stuff — meme coins.

top five chain-based mimes include Solami, Fartcoin (yes, really), fingy, mai, and Pio — all riding momentum off viral narratives rather than fundamentals.

together with ACID—a Solana-based AI-powered meme token aiming to integrate Web2/3 workflows via smart assistants—these projects highlight how narrative-driven growth still dominates retail sentiment.

The challenge? Overhype leads to volatility—and we saw it last week when Upexi stock crashed 60% after investors dumped over 43 million shares (that’s nearly all of April’s float).

The market hates surprises more than my cat hates bath time.