Announcements Gate Research: U.S. Senate Advances Crypto Market Bill｜Hong Kong Unveils Digital Asset Policy 2.0

Gate Research: U.S. Senate Advances Crypto Market Bill｜Hong Kong Unveils Digital Asset Policy 2.0

2025-06-27 06:20:39 UTC 58487 Read

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- Market Overview: On June 27, the crypto market moved sideways with signs of weakening momentum. BTC showed technical weakness, increasing the risk of a short-term pullback, while ETH remained below its short-term moving averages, with limited upside momentum. Market sentiment slightly cooled compared to the previous day, as the Fear & Greed Index fell to 65. Overall, capital flows turned more cautious, and investors are watching closely to see if BTC can hold the 106,000 USDT support level and regain strength.
- Trending Tokens: CHEEMS surged 7.07%, driven by continued memecoin sector hype and a trending Twitter Space event. LQTY gained nearly 4% amid ecosystem expansion following the V2 launch and the emergence of BOLD-based forked projects. MOVE rose 1.76%, supported by the Movement Foundation’s buyback of 10 million MOVE tokens and anticipation around its upcoming collaboration with Google Cloud, which sparked market interest and short-term buying.
- Alpha Insights: The U.S. Senate is pushing forward crypto market structure legislation, aiming to complete it by the end of September. At the same time, Hong Kong released its “Digital Asset Development Policy Statement 2.0,” outlining the LEAP strategy to strengthen regulatory oversight and advance tokenization. These moves suggest continued policy tailwinds in the Asia-Pacific region. Meanwhile, Nasdaq announced its integration of the Canton Network blockchain into its Calypso system, enhancing cross-asset liquidity and transparency — a step forward in the convergence of TradFi and DeFi infrastructure.
- Gate Launchpool: Gate is currently offering Moonveil (MORE) through Launchpool, with users able to stake MORE, GT, or USDT to receive a share of the 3 million MORE token airdrop before July 6, 2025, 12:00 (UTC). Moonveil is a full-stack Web3 ecosystem combining game development, publishing, and Layer 2 infrastructure, focused on mid-to-heavy blockchain gaming. The project has raised $9 million across three rounds, with backing from top investors such as Animoca Ventures, Spartan Group, and IOSG Ventures, highlighting its strong product pipeline and financial support.

Discover more details today → <a href="https://www.gate.com/learn/articles/gate-research-us-senate-advances-crypto-market-bill-hong-kong-unveils-digital-asset-policy-2-0/9876" target="_blank">Gate Research: U.S. Senate Advances Crypto Market Bill｜Hong Kong Unveils Digital Asset Policy 2.0</a>

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June 27th, 2025
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Gate Research: U.S. Senate Advances Crypto Market Bill｜Hong Kong Unveils Digital Asset Policy 2.0

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