1h ago
NYDFS Unveils GENIUS Act-Aligned Stablecoin Proposal Dated 9 June 2026
New York’s Department of Financial Services proposed a state stablecoin regulation on 9 June 2026, aiming to align with the federal GENIUS Act and qualify for Treasury certification. The draft keeps the 2022 1:1 reserve and audit standards but adds custodian concentration caps and a ban on issuer self-custody of reserves, with final rules expected to take effect alongside the GENIUS Act around 18 January 2027 and a 12-month transition for current licensees.
GENIUS
GENIUS+5.14%
1h ago
1h ago
XRP Rises to $1.18 as Upbit Flow Dominance Jumps to 31% (June 14)
XRP advanced to $1.18 on June 15, 2026, posting a 3% daily gain and reclaiming the 50-day moving average near $1.14 as support. Flow metrics show the move was heavily concentrated on Upbit, where net wallet flow dominance increased from 13% on June 7 to 31% on June 14, while Coinbase dropped from 27% to 0%. The price is now pressing the 100-day average around $1.1859, with traders watching whether broader exchange participation returns.
BTC
BTC+1.81%
1h ago