In today's crypto news, Anthony Pompliano is reportedly preparing to launch a new Bitcoin-focused investment group aiming to raise $750 million. He is expected to lead ProCapBTC, a SPAC planned to merge with Columbus Circle Capital 1. The announcement may come next week as discussions about the merger are ongoing. In market reactions, Bitcoin experienced a significant drop, falling from $106,042 to $103,053 after Israel conducted airstrikes on Iran, resulting in the liquidation of nearly $428 million in long positions. Analysts predict a potential reversal in Bitcoin’s performance despite its current decline, noting similar historical trends following geopolitical events. Meanwhile, US President Donald Trump addressed the Coinbase State of Crypto Summit, discussing his administration's efforts to advance the GENIUS Act for dollar-backed stablecoins and develop a clearer regulatory framework for crypto, aiming to position the US as a leader in the digital asset space. Key developments surrounding regulatory frameworks and major market movements highlight the complexities within the crypto ecosystem.

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