SEC postponed decision, GENIUS Act vote, Bitcoin plunge - the global crypto market is experiencing drastic fluctuations. As a professional investor, how can you seize trading opportunities from these related events? XBIT (DEX Exchange) takes you through the deep interaction between regulation and the market.

   The impact of SEC's delay in reviewing Dogecoin ETF
   According to the Coinnet report, the U.S. Securities and Exchange Commission recently extended the review period for several cryptocurrency ETF applications, including Dogecoin and HBAR. Specifically, the SEC extended the deadlines for the Bitwise Dogecoin ETF on June 11 and the Grayscale Ivy Trust on June 12, while soliciting more public comments.
   XBIT (DEX Exchange)Such extension decisions have become a routine operation for the SEC to deal with crypto assets, but the market has gradually adapted to this rhythm. "Extension does not mean rejection," XBIT analysts pointed out, "This is a necessary step for regulators to ensure compliance, especially in the process of 'meme coins' such as Dogecoin turning to mainstream financial products."
   According to Coinnet monitoring, in addition to the Dogecoin ETF, four independent Solana ETF proposals proposed by Bitwise, 21Shares, VanEck and Canary Capital have also been postponed to early July, while the Grayscale Cardano ETF has been extended to July 15. This shows that the SEC is comprehensively evaluating the ETF process of various crypto assets.

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   Geopolitical conflicts trigger market volatility, Dogecoin contract trading platforms should pay attention to risks

   Meanwhile, Israel's airstrikes on Iran shook global markets late Thursday. According to CoinWorld, the price of Bitcoin fell more than 4% from a 24-hour high of $108,500 to $103,556. In this market environment, risk management of Dogecoin contract trading platforms is particularly important.
XBIT (DEX Exchange) has upgraded its risk control system for such geopolitical risk events to provide users with a safer trading environment. XBIT's unique asset self-management mechanism allows users to maintain full control of their funds when the market fluctuates, effectively avoiding the risk of fund freezing that centralized platforms may face.
   "Geopolitical conflicts usually cause short-term market panic, but historical data shows that this is often a good opportunity for layout," said the XBIT research team. "We have observed that the market tends to rebound after each similar conflict."

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   Regulatory Outlook for the US GENIUS Act Ahead of Vote

   Another market focus is the final vote of the U.S. Senate on the Guidance and Establishment of a National Innovation for Stablecoins in the United States (GENIUS) Act, scheduled for June 17. The bill aims to establish a comprehensive regulatory framework for stablecoins and has far-reaching implications for the entire cryptocurrency ecosystem.
   According to CoinWorld, the U.S. Senate has passed a procedural vote with 68 votes in favor and 30 votes against, allowing the bill to enter the debate and plenary vote stage. Senate Majority Leader John Thune emphasized that their goal is to make cryptocurrencies a part of everyday life, and the GENIUS Act will help achieve this goal.
   XBIT (DEX Exchange) The passage of this bill will bring a clearer regulatory environment to the crypto market, which will benefit compliant development projects in the long run. As a decentralized exchange that focuses on compliance, XBIT has upgraded its platform in response to possible regulatory changes to ensure that users can trade safely and efficiently under any regulatory environment.

TWITTER : @XBITDEX

   XBIT platform advantages: anti-censorship and asset autonomy
   In the current market environment full of uncertainty, the XBIT (DEX Exchange) architecture provides unique advantages. Since there is no single control center, the XBIT platform has strong anti-censorship and is not subject to the jurisdiction of specific institutions. It can maintain service continuity even in areas with more restrictions on cryptocurrency transactions.
   XBIT implements a trustless trading mechanism through smart contracts, which greatly reduces the cost of traditional transactions. More importantly, on the XBIT platform, users always have their own private keys, and assets are stored in personal wallets. Only users can control asset transfers, effectively avoiding the risk of freezing or misappropriation of assets by exchanges.
   As the demand for Dogecoin contract trading platforms grows, XBIT is constantly optimizing the trading experience, providing more accurate market analysis and risk management tools to help users seize opportunities and avoid risks in volatile markets. Whether it is the extension of ETF review or geopolitical conflicts, XBIT will continue to provide users with stable and reliable trading services.