1000BTC

Stacks (STX) price defies the trend and rises over 18%, reaching $0.29, with trading volume soaring by 240%. This rebound was not driven by a major protocol catalyst but rather by traders shifting to buy relatively strong oversold assets. Although technical indicators suggest the price could rise to $0.36-$0.38, key resistance levels remain at $0.40-$0.42. To sustain an increase to $0.50, broader support from the cryptocurrency market and continued growth in ecosystem activity are necessary.

New York State Attorney General Letitia James and four district attorneys have warned Congress that the recently passed GENIUS Act (the United States' first major stablecoin legislation) fails to effectively protect victims of financial crimes. They believe the bill legalizes stablecoins but allows issuers like Tether and Circle to circumvent key anti-fraud and anti-money laundering obligations. The prosecutors specifically criticized the bill for not requiring issuers to return stolen funds and claimed that this would encourage companies to retain illegal assets. Tether and Circle have denied