CoinDesk Podcast Network Trump Calls for Iran's Surrender; Senate Passes GENIUS Act | COINDESK DAILY
Jun 18, 2025
The podcast dives into President Trump's alarming warning to Iran and its significant impact on the crypto market, causing a stir among investors. It also covers the Senate's approval of the GENIUS Act, which seeks to regulate stablecoins. Intriguingly, Bahamut Blockchain is introduced with its innovative Proof of Staking and Activity consensus mechanism, promising a fresh take on validator rewards. Plus, the hype surrounding the meme coin, Useless, adds an entertaining twist to the unfolding crypto drama.
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Trump's Iran Warning Shakes Crypto
- President Trump's warning to Iran caused major cryptocurrency market turmoil.
- Prediction markets now estimate a 62% chance of U.S. military action before July.
Senate Passes GENIUS Act
- The U.S. Senate passed the GENIUS Act to regulate stablecoins.
- This is the Senate's first major bipartisan crypto legislation to advance.
Bahamut's Novel Validator Model
- Bahamut Blockchain proposes aligning validator rewards with real network usage.
- Its novel Proof of Staking and Activity consensus uniquely weighs validator activity for rewards.