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  • 06.20.25: Senate Clears GENIUS Act / Coinbase Powers USDC Commerce

06.20.25: Senate Clears GENIUS Act / Coinbase Powers USDC Commerce

Plus discover tomorrow’s meme‐coin madness 👇

Author

Macro Point Daily
June 20, 2025

👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

  • 🏛️ Senate passes GENIUS stablecoin bill

  • 💹 Coinbase stock jumps ~17%

  • 📉 Bitcoin signals bearish diamond‑top

  • 🔌 Coinbase rolls out USDC on Shopify

  • 🚗 Solana meme‑coin founder road‑trip hype

  • 🐸 For the degens: Pepes Dog flashes meme‑mania

Let’s dive in.👇

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Today’s Edition

🇺🇸 Senate greenlights GENIUS Act — first federal stablecoin framework

GENIUS Act clears the Senate with wide bipartisan support

The U.S. Senate just passed the GENIUS Act 68–30, setting the stage for America’s first real stablecoin regulation. It requires full reserves, regular audits, AML/KYC compliance, and tight oversight for issuers. The bill now moves to the House, where momentum is building thanks to industry lobbying and a supportive Trump-era economic wing. If passed, this will legitimize Circle, bolster Coinbase’s USDC dominance, and pull crypto deeper into the regulatory mainstream.

📊 Coinbase and the Fed calm the storm — for now

Markets digest dovish Fed hold and stablecoin optimism

The Fed held interest rates steady this week, giving a boost to risk assets across the board. That tailwind, combined with the Senate’s passage of the GENIUS Act, sent Coinbase stock soaring nearly 17%. While crypto markets remain cautious, the combination of legislative clarity and rate stability is laying the groundwork for a new bullish chapter — assuming inflation behaves.

📈 BTC’s bearish diamond — warning shot or fakeout?

Bitcoin teeters on edge of classic diamond-top pattern

A diamond-top structure is forming on Bitcoin’s daily chart — a historically bearish signal. BTC peaked just shy of $112K and has pulled back to ~$104K. If the pattern breaks down, we could see a move to the $80–90K support zone. But if bulls regain control above $112K, the reversal gets invalidated and the rally could resume.

🚀 Road-tripping for tokens: meme coin meets Route 66

Solana-based meme token gets real-life promo tour

Leland King Fawcette is turning his meme coin into a spectacle. He’s racing solo through all 50 U.S. states to promote 50STATES — a Solana token launched with vibes and a livestream. The campaign ends today in Honolulu, with a wave of social hype and speculative chatter. Despite the theatrics, the token has retraced, showing the gap between attention and retention.

🔁 Coinbase brings USDC to Shopify checkout

New “Coinbase Payments” stack goes live for online sellers

Coinbase just rolled out a new merchant tool that lets Shopify stores accept USDC — instantly and without traditional payment rails. The feature runs via Base and opens up crypto payments to thousands of small businesses. Coming alongside the GENIUS Act, it’s a powerful proof point for USDC as a real-world payment layer.

Degen Domain

🐸 Pepes Dog barks back to life — and into your bags

ZEUS token surges as Pepe-mania returns

Pepes Dog (ZEUS) spiked over 60% in the past 24 hours, riding a renewed wave of memecoin speculation. Its zero-tax, burned-liquidity mechanics and absurd branding have turned heads, again. The coin hit a market cap of $17M, putting it firmly in the degen spotlight — and possibly on your watchlist if you're brave enough.

💬 Quote of the Day

“Regulation isn’t the enemy — it’s the runway.”

— Unknown trader

See you tomorrow. Forward to a friend who still thinks ETFs are boring.

📉📈🧠🫡
— Macro Point Daily