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#NXPC Launchpool #PPI Data Release #Stablecoin Legislation 📈💡Let's break down the latest crypto news🍻:
Market Predictions
- *Bitcoin's Potential Surge*: Analyst Scott Melker believes Bitcoin could reach $250,000 by the end of 2025, driven by growing institutional interest and decreasing volatility.
- *Short-Term Price Targets*: According to CoinCodex, Bitcoin's price is predicted to rise by 8.35% and reach $111,912 by June 16, 2025.
Regulatory Developments
- *World Liberty Financial*: The crypto platform, backed by the Trump family, has pushed back against US lawmakers' attempts to investigate potential conflicts of interest involving the president.
- *Stablecoin Regulation*: A new bill, the GENIUS Act, aims to recognize stablecoins as payment instruments, which may impact how lawmakers handle the president's potential conflicts of interest.
Institutional Adoption
- *Stablecoin Adoption*: A report by Fireblocks reveals that 90% of institutional players are using or exploring stablecoins, with 49% already using them for payments.
- *Cross-Border Payments*: Financial institutions prioritize stablecoins for cross-border payments, citing competitive advantage, reduced friction, and customer expectations ¹.