The U.S. Senate Passes Stablecoin Legislation, K33 Optimistic About SOL/LTC Spot ETF Trading Opportunities

The BlockJun 18, 2025
Background Information:

The U.S. Senate has passed the Stablecoin Act (GENIUS Act), marking the first major cryptocurrency legislation approved by the Senate, aimed at advancing federal regulatory rules for USD-pegged stablecoins.

Key Events:

1. Vetle Lunde, head of research at K33, pointed out that the newly approved spot altcoin ETFs may bring strong long-short trading opportunities, especially between Solana and Litecoin, based on the "Grayscale effect."

2. Iranian cryptocurrency exchange Nobitex was attacked by a pro-Israel hacker group, with over 80 million USD suspiciously transferred out via Tron and EVM-compatible chains.

3. Jordi Baylina, co-founder of Polygon, spun off his former zkEVM team to establish a new Swiss startup, ZisK, transferring all code and intellectual property.

4. Increasingly, divorce agreements are incorporating clauses for classification, valuation, and division of crypto assets.

5. The FBI made a historic seizure of cryptocurrency valued at 225 million USD.

Potential Impact:

The passage of this bill marks an important step forward in U.S. cryptocurrency regulation and may promote the standardized development of the stablecoin market. The launch of new ETFs could stimulate new market trading strategies. The hacking incident serves as a reminder that security risks in the industry remain severe. The inclusion of crypto asset clauses in divorce agreements reflects the growing importance of crypto assets as personal property.

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The U.S. Senate Passes Stablecoin Legislation, K33 Optimistic About SOL/LTC Spot ETF Trading Opportunities

The BlockJun 18, 2025
Background Information:

The U.S. Senate has passed the Stablecoin Act (GENIUS Act), marking the first major cryptocurrency legislation approved by the Senate, aimed at advancing federal regulatory rules for USD-pegged stablecoins.

Key Events:

1. Vetle Lunde, head of research at K33, pointed out that the newly approved spot altcoin ETFs may bring strong long-short trading opportunities, especially between Solana and Litecoin, based on the "Grayscale effect."

2. Iranian cryptocurrency exchange Nobitex was attacked by a pro-Israel hacker group, with over 80 million USD suspiciously transferred out via Tron and EVM-compatible chains.

3. Jordi Baylina, co-founder of Polygon, spun off his former zkEVM team to establish a new Swiss startup, ZisK, transferring all code and intellectual property.

4. Increasingly, divorce agreements are incorporating clauses for classification, valuation, and division of crypto assets.

5. The FBI made a historic seizure of cryptocurrency valued at 225 million USD.

Potential Impact:

The passage of this bill marks an important step forward in U.S. cryptocurrency regulation and may promote the standardized development of the stablecoin market. The launch of new ETFs could stimulate new market trading strategies. The hacking incident serves as a reminder that security risks in the industry remain severe. The inclusion of crypto asset clauses in divorce agreements reflects the growing importance of crypto assets as personal property.

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