Bitcoin News Today: Stellar’s XLM Poised for 35% Rally as Trump Signs GENIUS Act

Stellar’s XLM is poised for a significant rally, with market patterns suggesting a potential 35% increase, mirroring the recent surge in XRP’s price. This optimism comes as U.S. President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, marking a pivotal moment in the mainstream acceptance of digital assets. The signing ceremony, attended by key figures in the cryptocurrency industry and influential Republican leaders, underscores the growing support for clear regulatory frameworks that foster innovation while protecting consumers.

The GENIUS Act is seen as a major endorsement of cryptocurrency’s role in the U.S. financial landscape, with prominent crypto executives such as Kraken co-CEO David Ripley, Gemini twin co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino, and Robinhood CEO Vladimir Tenev in attendance. This legislation aims to establish clear regulatory frameworks for stablecoins, which are expected to drive further adoption and integration of digital assets into the broader financial system.

Recent surveys indicate that 36% of Generation Z consumers spend cryptocurrency daily, particularly on gaming, travel, and daily purchases. This highlights the maturing adoption of crypto assets beyond mere speculation. Generation X leads high-value crypto transactions, using digital assets for real estate, travel, and digital products, further emphasizing the growing acceptance of cryptocurrencies in various sectors.

Notable market movements include Barstool Sports founder Dave Portnoy’s public regret over selling his XRP holdings just weeks before the asset soared to new yearly highs, demonstrating the volatile and speculative nature of crypto investments. Additionally, a significant on-chain event involved a Satoshi-era Bitcoin whale transferring over 80,000 BTC valued at nearly $9.6 billion to Galaxy Digital within days, suggesting strategic positioning by institutional players amid current market dynamics.

Furthermore, President Trump is considering an executive order to enable U.S. 401(k) retirement plans to invest in cryptocurrencies and other alternative assets. This move could potentially unlock vast institutional capital into the market, further driving the adoption and integration of digital assets into traditional financial systems.

Analysts identify Stellar’s XLM exhibiting the most bullish chart pattern in crypto, mirroring XRP’s price movement. The ascending triangle pattern highlights rising lows and strong resistance near $0.52. A breakout above this level may propel XLM to $0.63 by August, representing a 35% upside potential. This bullish outlook is supported by the recent surge in XRP’s price, which has set a precedent for other altcoins to follow suit.

In the UK, a former National Crime Agency officer was sentenced to five-and-a-half years for stealing 50 Bitcoin seized during the Silk Road 2.0 investigation, worth $5.9 million today. This incident underscores the risks related to security and custodianship in the crypto space, highlighting the need for robust measures to protect digital assets from theft and fraud.

Legal challenges continue for MicroStrategy, with multiple lawsuits over allegedly overstated Bitcoin investment profitability and understated risks. This underscores ongoing regulatory and investor scrutiny, as the company faces criticism for its aggressive Bitcoin investment strategy. The IMF reports El Salvador has not made further Bitcoin purchases since its December 2024 loan agreement, clarifying that the public sector’s Bitcoin reserves remain unchanged. This has implications for perceptions of public Bitcoin accumulation and the country’s commitment to adopting Bitcoin as legal tender.

Bitcoin veteran Willy Woo revealed he sold most of his Bitcoin to pursue higher-return opportunities. Meanwhile, cultural phenomena such as ‘Slaughterbot’ drones in Ukraine and unique memecoin developments continue to attract attention. Also gaining attention is a $1.8 billion crypto scam in China involving DGCX, highlighting the persistent threats of fraud in emerging markets, alongside blockchain innovations like NFTs granting digital citizenship in Japan.