📰 News and Market Updates 📰 Recent market news has been buzzing with activity, folks. Let's dive into the highlights. The GENIUS Act has led to a significant surge in yield-bearing stablecoins $USDe and $USDS, with supply increases of 70% and 23% respectively. This growth in supply could lead to increased liquidity in the market, driving up demand and prices for these assets. On the regulatory front, SEC Commissioner Hester Peirce has expressed support for open-source privacy software developers, stating they shouldn't be held accountable for users' actions. This development could boost investor confidence in the crypto market, especially for privacy-focused projects. In other news, class-action lawsuits are piling up against major crypto-related firms, including Coinbase and Bakkt, indicating growing regulatory scrutiny in the industry. This could lead to increased uncertainty and volatility in the market. Lastly, BlackRock's Bitcoin fund IBIT experienced its largest outflow in 9 weeks, with $292 million withdrawn on Monday. This significant outflow could lead to a short-term price drop for Bitcoin. Market metrics: $USDe: $9.51B market cap, 1.001 current price, 0.0066% day price change $USDS: $7.73B market cap, 0.99976 current price, 0.00007% day price change $Bitcoin: $2.27T market cap, 114331 current price, 0.0386% day price change