Crypto Compass by BitcoinWalletSG #129

🪙 Bitcoin Maintains Strength as It Eyes Breakout Above $123K

Bitcoin continues to show strong momentum after reaching new highs, with bulls now setting their sights on the $123K mark. The market has turned previous resistance into solid support, reflecting growing confidence among traders. With institutional demand and macro tailwinds intact, sentiment remains upbeat for a potential breakout in the days ahead.

🌏 Crypto Legislation Advances, Paving the Way for Mainstream Adoption

The U.S. House is pushing forward a set of crypto-friendly bills this week, including the GENIUS Act for stablecoin regulation and the CLARITY Act to define digital assets more clearly. Dubbed “Crypto Week,” this legislative effort signals growing political support and could open the door for greater institutional participation in the crypto space.

📈 June CPI Report Could Shift Fed Timing and Market Sentiment

The upcoming June CPI report, due Tuesday, is expected to show a 0.3% month-on-month rise, bringing headline inflation to around 2.7% and core CPI to 3.0%. The increase is partly driven by new tariffs and could influence how soon the Fed considers cutting rates. While July is likely off the table, markets are watching closely, with September now seen as the earliest window for potential easing.

🚀 Pump.fun ICO Raises $500M in Record Time,

Pump.fun raised $500 million in just 12 minutes during its Solana-based token sale, selling 125 billion PUMP tokens to over 10,000 wallets. The rapid sellout sparked hype, but observers noted the public allocation was quietly reduced from 15% to 12.5% without explanation.