Bitcoin's price consolidation is being seen as a prelude to potential growth driven by upcoming stablecoin legislation, notably the GENIUS Act. This legislation is expected to provide a regulatory framework that could propel Bitcoin's value beyond $150,000, according to Alice Li from Foresight Ventures. Despite a decline in venture capital interest, attributed to a challenging economic environment, the regulatory developments regarding stablecoins are anticipated to spark significant market activity in the cryptocurrency sector. Attention is also turning toward Ethereum, which has benefited from a resurgence in decentralized finance (DeFi) activities, recording a substantial $480 billion in stablecoin transfers in May due to lower transaction fees. Additionally, the rise of tokenized real-world assets has been impressive, with the market experiencing a 260% increase in valuation, reflecting a growing acceptance of blockchain-based financial products. Meanwhile, Binance co-founder CZ proposes a dark pool DEX to address market manipulation. Lastly, BitoPro confirmed a substantial security breach impacting over $11.5 million in digital assets from its hot wallets, raising concerns about the security practices in cryptocurrency exchanges.

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