稳定币立法
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The U.S. Senate ultimately passed the Stablecoin Genius Act with a vote of 68 to 30.
In the past, people's impression of stablecoins, to be honest, was not very good. Many felt it was opaque and unregulated. Even mainstream stablecoins like USDT and USDC have been questioned: do they really have sufficient reserves? Who is responsible if something goes wrong?
But now, the United States has started to take action.
The U.S. Senate ultimately passed the Stablecoin Genius Act with a vote of 68 to 30.
Why is it so important? Because this bill is not a prohibition, but rather an attempt at 'systemic regulation'.
The GENIUS Act requires all USD stablecoins to have a 1:1 full reserve, with assets limited to cash or short-term U.S. Treasury bonds. Reserve audit results must be disclosed monthly, and user funds are prohibited from being misappropriated or re-staked. Once the market capitalization exceeds $10 billion, it must enter the federal regulatory system. Stablecoins are already being treated as 'formal financial instruments'.
But now, the United States has started to take action.
The U.S. Senate ultimately passed the Stablecoin Genius Act with a vote of 68 to 30.
Why is it so important? Because this bill is not a prohibition, but rather an attempt at 'systemic regulation'.
The GENIUS Act requires all USD stablecoins to have a 1:1 full reserve, with assets limited to cash or short-term U.S. Treasury bonds. Reserve audit results must be disclosed monthly, and user funds are prohibited from being misappropriated or re-staked. Once the market capitalization exceeds $10 billion, it must enter the federal regulatory system. Stablecoins are already being treated as 'formal financial instruments'.
从1u到1000万u:
最主要的是要把这些垃圾山寨币归零的归零下架的下架 别当吸血虫了
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Today! The US Senate decides the life and death of stablecoins: if it succeeds, the US dollar will survive, and if it fails, innovation will run away!
The core is three points:
The vote is today: the Senate will vote on the GENIUS stablecoin bill! If it passes, it will be sent to the House of Representatives, and it is only one step away from becoming a law.
Supporters are anxious: If no rules are set, money and innovation will all run abroad! The status of the US dollar as the leader is in danger! This bill can save lives! "My heart beat faster just listening to it.
Opposition people blasted: This is a green light for big guys like Musk and Bezos! Let them use stablecoins to monitor your spending and sell your data! Another person directly scolded it as a free gift package for tech giants.
What do people in the industry think? The bill is not perfect, but it is better to have rules than to run naked! Take the first step and try it!
The results will be revealed today! Your crypto wallet, US dollar hegemony, the ambitions of tech giants... all depend on this vote! Keep an eye on the follow-up!
Are you tired of it? Click the avatar to follow me, the top combat force is in place, specializing in the treatment of ambition hunger. We are not waiters, we hand the nuclear button to madmen. Do you dare to play a big ticket? $BTC #稳定币立法
The core is three points:
The vote is today: the Senate will vote on the GENIUS stablecoin bill! If it passes, it will be sent to the House of Representatives, and it is only one step away from becoming a law.
Supporters are anxious: If no rules are set, money and innovation will all run abroad! The status of the US dollar as the leader is in danger! This bill can save lives! "My heart beat faster just listening to it.
Opposition people blasted: This is a green light for big guys like Musk and Bezos! Let them use stablecoins to monitor your spending and sell your data! Another person directly scolded it as a free gift package for tech giants.
What do people in the industry think? The bill is not perfect, but it is better to have rules than to run naked! Take the first step and try it!
The results will be revealed today! Your crypto wallet, US dollar hegemony, the ambitions of tech giants... all depend on this vote! Keep an eye on the follow-up!
Are you tired of it? Click the avatar to follow me, the top combat force is in place, specializing in the treatment of ambition hunger. We are not waiters, we hand the nuclear button to madmen. Do you dare to play a big ticket? $BTC #稳定币立法
中金资本:
祝买币赚大钱，有需要买卖找我们，安全快捷，黑资绕道，谢谢！
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6.18 Crypto Market Morning Report - Major Events in the Crypto World (Heavyweight Interest Rate Meeting Approaching)
Today's Outlook
1. The number of initial jobless claims in the U.S. for the week ending June 14 (in ten thousands) will be announced today, with a previous value of 24.8.
2. The U.S. EIA crude oil inventory for the week ending June 13 (in ten thousand barrels) will be announced today, with a previous value of -364.4.
3. Fasttoken (FTN) will unlock 20 million tokens on June 18, valued at approximately $88.8 million, accounting for 4.65% of the circulating supply.
4. Sonic (S) will unlock 47.63 million tokens on June 18, valued at approximately $15.73 million, accounting for 1.65% of the circulating supply.
Macroeconomic & Hot Topics
1. The U.S. GENIUS Act has been approved by the Senate, marking a historic step in stablecoin legislation. The U.S. Senate passed the stablecoin regulatory bill GENIUS Act with 68 votes in favor and 30 against, which will be sent to the House of Representatives for review. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protection, and anti-money laundering mechanisms, but does not restrict the president and his family from profiting from stablecoin issuances, drawing criticism from Democrats regarding potential conflicts of interest involving the Trump family. The Trump family profited over $57 million from the World Liberty Financial project through token sales last year.
1. The number of initial jobless claims in the U.S. for the week ending June 14 (in ten thousands) will be announced today, with a previous value of 24.8.
2. The U.S. EIA crude oil inventory for the week ending June 13 (in ten thousand barrels) will be announced today, with a previous value of -364.4.
3. Fasttoken (FTN) will unlock 20 million tokens on June 18, valued at approximately $88.8 million, accounting for 4.65% of the circulating supply.
4. Sonic (S) will unlock 47.63 million tokens on June 18, valued at approximately $15.73 million, accounting for 1.65% of the circulating supply.
Macroeconomic & Hot Topics
1. The U.S. GENIUS Act has been approved by the Senate, marking a historic step in stablecoin legislation. The U.S. Senate passed the stablecoin regulatory bill GENIUS Act with 68 votes in favor and 30 against, which will be sent to the House of Representatives for review. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protection, and anti-money laundering mechanisms, but does not restrict the president and his family from profiting from stablecoin issuances, drawing criticism from Democrats regarding potential conflicts of interest involving the Trump family. The Trump family profited over $57 million from the World Liberty Financial project through token sales last year.
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Liu Qiangdong strikes hard! JD's global layout for stablecoin licenses, the cryptocurrency world is surging!
Friends in the cryptocurrency world, look quickly! The influential figure Liu Qiangdong has made another astonishing move, this time targeting the stablecoin field!
The latest news is shocking: Liu Qiangdong, the founder of JD Group, personally announced that JD plans to apply for stablecoin licenses in major currency countries around the world. This is not a simple test, but a formal entry of the e-commerce giant into the field of cryptocurrency payments.
What profound meaning is hidden behind JD's actions?
The ambitions of e-commerce giants, the 'earthquake' in the stablecoin market
JD has a massive user base and a powerful global supply chain. If it successfully launches its own stablecoin, it will pose a strong challenge to the existing stablecoin landscape. Established stablecoins like USDT and USDC will face fierce competition from JD. JD not only brings substantial capital but also has a vast application scenario and reliable brand endorsement.
The latest news is shocking: Liu Qiangdong, the founder of JD Group, personally announced that JD plans to apply for stablecoin licenses in major currency countries around the world. This is not a simple test, but a formal entry of the e-commerce giant into the field of cryptocurrency payments.
What profound meaning is hidden behind JD's actions?
The ambitions of e-commerce giants, the 'earthquake' in the stablecoin market
JD has a massive user base and a powerful global supply chain. If it successfully launches its own stablecoin, it will pose a strong challenge to the existing stablecoin landscape. Established stablecoins like USDT and USDC will face fierce competition from JD. JD not only brings substantial capital but also has a vast application scenario and reliable brand endorsement.
crypto_Prawn:
期待早日实现落地
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#LUNC✅ #稳定币立法
#LUNC✅ at the cost of $60 billion, exchanged for 100% decentralization!
The richest person in the world is the one who falls the most. The bravest person in the world is the one who can patiently wait for the opportunity to stand up again every time they fall!
#LUNC✅ is me, #LUNC✅ is every person who never gives up even when trapped and facing death!
As stablecoin legislation in various countries gradually comes to the agenda, the date for the $LUNC phoenix rebirth is also getting closer.
Low prices will only scare off foolish people; if you don't lose money, how do capitalists make money?
Hold on to your $LUNC , what we want is not just a little bit, but the vast future of stars and the sea. $LUNC will not disappoint you and me.
#LUNC✅ at the cost of $60 billion, exchanged for 100% decentralization!
The richest person in the world is the one who falls the most. The bravest person in the world is the one who can patiently wait for the opportunity to stand up again every time they fall!
#LUNC✅ is me, #LUNC✅ is every person who never gives up even when trapped and facing death!
As stablecoin legislation in various countries gradually comes to the agenda, the date for the $LUNC phoenix rebirth is also getting closer.
Low prices will only scare off foolish people; if you don't lose money, how do capitalists make money?
Hold on to your $LUNC , what we want is not just a little bit, but the vast future of stars and the sea. $LUNC will not disappoint you and me.
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Nickburn:
It is alive because FTX's debt has not been paid off, suppressing public opinion
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The Future Star of Stablecoins: Spark, Along with Participation Tutorial
Recently, the secondary market has not been doing well, and staking ETH and SOL for airdrops is not reassuring; the value of the airdrop may not even match the decline of ETH and SOL. Therefore, I, Chili Brother, have been searching for projects to earn airdrops using stablecoins because at least stablecoins won't drop in value. Recently, I discovered that Spark allows participation with stablecoins, and it has a solid background.
Spark is a DeFi application that belongs to the Sky ecosystem (formerly MakerDAO), focusing on on-chain capital allocation and liquidity management. People familiar with the crypto space should know about MakerDAO, which was established in 2013 and has stood the test of time for 12 years. Spark is a project incubated by MakerDAO itself. Let's take a look at Spark's current products. Spark's current offerings include Spark Savings (earning returns on stablecoin deposits) and SparkLend (decentralized lending market), managing assets exceeding $6 billion, with an annual income of approximately $355 million. Therefore, Spark not only has the backing of a long-standing project but also manages a substantial scale, making it self-sustainable and less likely to exit scam. Additionally, Spark has received support from top institutions such as a16z and Paradigm, with a total asset management scale exceeding $8 billion, categorizing it as a large project. This is the kind of financially robust project that I, Chili Brother, prefer.
Spark is a DeFi application that belongs to the Sky ecosystem (formerly MakerDAO), focusing on on-chain capital allocation and liquidity management. People familiar with the crypto space should know about MakerDAO, which was established in 2013 and has stood the test of time for 12 years. Spark is a project incubated by MakerDAO itself. Let's take a look at Spark's current products. Spark's current offerings include Spark Savings (earning returns on stablecoin deposits) and SparkLend (decentralized lending market), managing assets exceeding $6 billion, with an annual income of approximately $355 million. Therefore, Spark not only has the backing of a long-standing project but also manages a substantial scale, making it self-sustainable and less likely to exit scam. Additionally, Spark has received support from top institutions such as a16z and Paradigm, with a total asset management scale exceeding $8 billion, categorizing it as a large project. This is the kind of financially robust project that I, Chili Brother, prefer.
杰杰高高:
存的多得的多吗？
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#LUNC✅ #稳定币立法
South Korea legalizes cryptocurrency ETF, plans to develop a stablecoin based on the Korean won.
#UST #LUNC✅ As a local technology in South Korea, it makes no sense to seek distant solutions.
#LUNC✅ At the cost of a $60 billion sacrifice, they achieved 100% decentralization.
$LUNC has a top community in the cryptocurrency world, a group of individuals who are among the best in technology and wealth. After the collapse of Terra, they continue to support and uplift $LUNC . After three years of price lows, even while enduring losses, they still do not give up on supporting and protecting $LUNC . Are they foolish or do they have confidence that LUNC will return as a champion?
South Korea legalizes cryptocurrency ETF, plans to develop a stablecoin based on the Korean won.
#UST #LUNC✅ As a local technology in South Korea, it makes no sense to seek distant solutions.
#LUNC✅ At the cost of a $60 billion sacrifice, they achieved 100% decentralization.
$LUNC has a top community in the cryptocurrency world, a group of individuals who are among the best in technology and wealth. After the collapse of Terra, they continue to support and uplift $LUNC . After three years of price lows, even while enduring losses, they still do not give up on supporting and protecting $LUNC . Are they foolish or do they have confidence that LUNC will return as a champion?
Feed-Creator-8e28e93da:
1$
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#LUNC ✅ #稳定币立法
South Korea legalizes cryptocurrency ETF, plans to develop a stablecoin based on the Korean won.
#UST #LUNC✅ As a local technology in South Korea, it makes no sense to seek distant solutions.
#LUNC✅ At the cost of a $60 billion sacrifice, they achieved 100% decentralization.
$LUNC has a top community in the cryptocurrency world, a group of individuals who are among the best in technology and wealth. After the collapse of Terra, they continue to support and uplift $LUNC . After three years of price lows, even while enduring losses, they still do not give up on supporting and protecting $LUNC . Are they foolish or do they have confidence that LUNC will return as a champion?
South Korea legalizes cryptocurrency ETF, plans to develop a stablecoin based on the Korean won.
#UST #LUNC✅ As a local technology in South Korea, it makes no sense to seek distant solutions.
#LUNC✅ At the cost of a $60 billion sacrifice, they achieved 100% decentralization.
$LUNC has a top community in the cryptocurrency world, a group of individuals who are among the best in technology and wealth. After the collapse of Terra, they continue to support and uplift $LUNC . After three years of price lows, even while enduring losses, they still do not give up on supporting and protecting $LUNC . Are they foolish or do they have confidence that LUNC will return as a champion?
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Ant International makes a surprise entry into the stablecoin sector! $150 billion business ignites compliance revolution
Strategic Layout: Hong Kong becomes a compliance stronghold, with Ant being the first to seize the opportunity
Ant International officially announced today that it will submit a stablecoin issuance license application to the Monetary Authority immediately after the Hong Kong (Stablecoin Regulations) come into effect on August 1. The core business focuses on cross-border payments and global treasury management, aiming to unlock liquidity from a $150 billion existing fund pool using blockchain technology.
Data Evidence:
Ant's Whale platform will handle over $1 trillion in funds in 2024, with $300 billion managed through blockchain technology;
Among the first batch of sandbox testing institutions in Hong Kong, Ant, HSBC, and Standard Chartered completed real-time settlement in Hong Kong dollars across banks using blockchain, reducing costs by 60%;
Ant International officially announced today that it will submit a stablecoin issuance license application to the Monetary Authority immediately after the Hong Kong (Stablecoin Regulations) come into effect on August 1. The core business focuses on cross-border payments and global treasury management, aiming to unlock liquidity from a $150 billion existing fund pool using blockchain technology.
Data Evidence:
Ant's Whale platform will handle over $1 trillion in funds in 2024, with $300 billion managed through blockchain technology;
Among the first batch of sandbox testing institutions in Hong Kong, Ant, HSBC, and Standard Chartered completed real-time settlement in Hong Kong dollars across banks using blockchain, reducing costs by 60%;
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Bitcoin Ethereum Midday Market Analysis 6.12
The daily chart for Bitcoin shows that after forming a high near 110,000 recently, the price has continued to decline, and is currently in a downward oscillation trend. In the 4-hour cycle, a long upper shadow appeared on June 11, indicating heavy selling pressure from above. Subsequently, several bearish candles confirmed the short-term weakness. In the 4-hour cycle, the DIF and DEA continue to diverge downwards, with green bars expanding, and the momentum is dominated by the bears. The daily chart also shows a death cross, further validating the downward pressure. The 4-hour cycle RSI value is 46, having exited the oversold zone, but still remains weak. The daily RSI has gradually fallen from 70 to below 50, reflecting a weakening market sentiment. It is recommended to enter short positions at high levels today.
Operation suggestion: Enter short positions for Bitcoin around 108,000 to 108,500, with a target near 106,500; for Ethereum, enter short positions around 2,770 to 2,800, with a target near 2,690. This article is time-sensitive, market conditions are constantly changing, so friends entering the market should focus on real-time guidance #稳定币立法 #币安Alpha上新
The daily chart for Bitcoin shows that after forming a high near 110,000 recently, the price has continued to decline, and is currently in a downward oscillation trend. In the 4-hour cycle, a long upper shadow appeared on June 11, indicating heavy selling pressure from above. Subsequently, several bearish candles confirmed the short-term weakness. In the 4-hour cycle, the DIF and DEA continue to diverge downwards, with green bars expanding, and the momentum is dominated by the bears. The daily chart also shows a death cross, further validating the downward pressure. The 4-hour cycle RSI value is 46, having exited the oversold zone, but still remains weak. The daily RSI has gradually fallen from 70 to below 50, reflecting a weakening market sentiment. It is recommended to enter short positions at high levels today.
Operation suggestion: Enter short positions for Bitcoin around 108,000 to 108,500, with a target near 106,500; for Ethereum, enter short positions around 2,770 to 2,800, with a target near 2,690. This article is time-sensitive, market conditions are constantly changing, so friends entering the market should focus on real-time guidance #稳定币立法 #币安Alpha上新
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#LUNC✅ #稳定币立法 lunc has recently exploded in the prophecy circle,
with a prophet revealing that lunc will return to its previous high of $120 overnight. Although lunc seems dead, the tree may have fallen but the roots remain intact. The strong community foundation and Binance's continued destruction of tokens have become the unshakable foundation of lunc. The public chain technology should not be underestimated; the high throughput tps established for payment is currently between 100-1000, and after optimization, it can exceed 10,000.
The lunc chain supports cosmwasm smart contracts, enabling the construction of decentralized payment protocols, stablecoins, and DeFi applications, making it suitable for automatic payments, subscription services, and cross-border settlements. It has IBC cross-chain compatibility and can interoperate with the cosmos ecosystem, making it suitable for multi-chain payment settlements. The lunc chain still holds a strong competitive advantage among current public chains.
Currently, lunc's market price is sluggish, but the price will only scare away those without foresight. True believers continue to steadfastly support and uplift lunc, believing that after enduring the trials and tribulations, lunc's return will surely be earth-shattering. $BTC
with a prophet revealing that lunc will return to its previous high of $120 overnight. Although lunc seems dead, the tree may have fallen but the roots remain intact. The strong community foundation and Binance's continued destruction of tokens have become the unshakable foundation of lunc. The public chain technology should not be underestimated; the high throughput tps established for payment is currently between 100-1000, and after optimization, it can exceed 10,000.
The lunc chain supports cosmwasm smart contracts, enabling the construction of decentralized payment protocols, stablecoins, and DeFi applications, making it suitable for automatic payments, subscription services, and cross-border settlements. It has IBC cross-chain compatibility and can interoperate with the cosmos ecosystem, making it suitable for multi-chain payment settlements. The lunc chain still holds a strong competitive advantage among current public chains.
Currently, lunc's market price is sluggish, but the price will only scare away those without foresight. True believers continue to steadfastly support and uplift lunc, believing that after enduring the trials and tribulations, lunc's return will surely be earth-shattering. $BTC
Marcia G:
杠就是你对，祝你发大财，暴富。。。
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#稳定币立法 GENIUS Stablecoin Bill Passed
Directly Benefits Stablecoin/Fixed Income Sector:
$CRV $PENDLE $FXS
@CurveFinance — Stablecoin Trading Market
@pendle_fi — Fixed Income Market
@fraxfinance — First Batch of GENIUS Compliant Payment Stablecoins
A frequently overlooked target is @ethena_labs, which had also focused on collateralized stablecoin USDtb, with a current scale of 1.4 billion USD.
Directly Benefits Stablecoin/Fixed Income Sector:
$CRV $PENDLE $FXS
@CurveFinance — Stablecoin Trading Market
@pendle_fi — Fixed Income Market
@fraxfinance — First Batch of GENIUS Compliant Payment Stablecoins
A frequently overlooked target is @ethena_labs, which had also focused on collateralized stablecoin USDtb, with a current scale of 1.4 billion USD.
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Core Content and Impact of Cryptocurrency Legislation in the United States and Hong Kong
Recently, both the United States and Hong Kong have introduced significant legislation in the cryptocurrency sector. Although we regular folks are not all financial experts, these policies are closely related to our wallets and lives! Today, let's break it down and have a chat～
1. United States (21st Century Financial Innovation and Technology Act)
(1) Core content
In simple terms, the United States is establishing rules for the cryptocurrency market. It clarifies what digital assets are, so different regulatory agencies don't keep passing the buck; it separates some crypto assets from the traditional securities definition, and also specifies how to operate compliantly in trading and sales. In the future, it will be clearly stated who will regulate cryptocurrency intermediaries and how they can register.
1. United States (21st Century Financial Innovation and Technology Act)
(1) Core content
In simple terms, the United States is establishing rules for the cryptocurrency market. It clarifies what digital assets are, so different regulatory agencies don't keep passing the buck; it separates some crypto assets from the traditional securities definition, and also specifies how to operate compliantly in trading and sales. In the future, it will be clearly stated who will regulate cryptocurrency intermediaries and how they can register.
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Big news from Europe! Stablecoins are being "cleaned up"! Will digital currencies such as USDT be collectively removed from the shelves?
In 2019, the European Union proposed the Cryptocurrency Market Law "MiCA", which will officially take effect in July this year. This law has clear and strict regulatory systems for crypto exchanges and stablecoin issuers.
The negative impacts that may be caused at present are:
* Strict rules, exchanges or stablecoin issuers will face millions of euros in penalties if they violate them;
* USD stablecoin (USDT) is restricted;
* NFT is in a gray area and may be included in the regulation.
In response to the regulation, OKX, the world's second largest exchange, has removed USDT trading pairs in Europe. In fact, the EU's stablecoin market has already begun to build, such as EURC issued by USDC issuer Circle, EURT issued by Tether, and EURCV issued by Societe Generale.
The main reason why the EU considers this is that it is worried about what to do if the US dollar collapses? After all, USDT and USDC are both pegged to the US dollar. Once the US dollar fluctuates violently, it will have a huge impact on the crypto assets held.
Since the collapse of FTX, the market has been calling for more and more official regulation. The EU's first step is believed to help crypto assets enter the "rule of law era".
#USDC #稳定币立法 #MiCA法规
In 2019, the European Union proposed the Cryptocurrency Market Law "MiCA", which will officially take effect in July this year. This law has clear and strict regulatory systems for crypto exchanges and stablecoin issuers.
The negative impacts that may be caused at present are:
* Strict rules, exchanges or stablecoin issuers will face millions of euros in penalties if they violate them;
* USD stablecoin (USDT) is restricted;
* NFT is in a gray area and may be included in the regulation.
In response to the regulation, OKX, the world's second largest exchange, has removed USDT trading pairs in Europe. In fact, the EU's stablecoin market has already begun to build, such as EURC issued by USDC issuer Circle, EURT issued by Tether, and EURCV issued by Societe Generale.
The main reason why the EU considers this is that it is worried about what to do if the US dollar collapses? After all, USDT and USDC are both pegged to the US dollar. Once the US dollar fluctuates violently, it will have a huge impact on the crypto assets held.
Since the collapse of FTX, the market has been calling for more and more official regulation. The EU's first step is believed to help crypto assets enter the "rule of law era".
#USDC #稳定币立法 #MiCA法规
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$BTC
$ETH
🔥Market Trends: The total market value of stablecoins increased slightly by 0.08%!
USDT market value remains at the forefront, with a market share of 69.65%! 🔥
The total market value of stablecoins increased slightly
Data snapshot on August 31:
Total market value changes: In the past week, the total market value of stablecoins increased by 0.08%.
Current total market value: US$169.707 billion.
USDT performance:
Total market value: remains unchanged, now US$118.199 billion.
Market share: As high as 69.65%, firmly in the forefront of the market.
#美国CPI数据连续第4个月回落
#美联储何时降息？
#稳定币立法
#USDT。
#新币挖矿DOGS
$ETH
🔥Market Trends: The total market value of stablecoins increased slightly by 0.08%!
USDT market value remains at the forefront, with a market share of 69.65%! 🔥
The total market value of stablecoins increased slightly
Data snapshot on August 31:
Total market value changes: In the past week, the total market value of stablecoins increased by 0.08%.
Current total market value: US$169.707 billion.
USDT performance:
Total market value: remains unchanged, now US$118.199 billion.
Market share: As high as 69.65%, firmly in the forefront of the market.
#美国CPI数据连续第4个月回落
#美联储何时降息？
#稳定币立法
#USDT。
#新币挖矿DOGS
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On May 21, 2025, the Hong Kong Monetary Authority's official website updated the "Stablecoin Issuers" special page, confirming that the "Stablecoin Bill" has entered the third reading stage of the Legislative Council. The first batch of sandbox participants (such as Standard Chartered Bank, JD Technology, Yuanbi Technology, etc.) have completed technical testing and will launch a compliant stablecoin pegged to the Hong Kong dollar 1:1 as early as the third quarter of 2025.
This move marks Hong Kong as the world's first financial center to include stablecoins in the statutory regulatory framework, setting the "Asian standard" for the Web3.0 era.
#稳定币立法
This move marks Hong Kong as the world's first financial center to include stablecoins in the statutory regulatory framework, setting the "Asian standard" for the Web3.0 era.
#稳定币立法
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As expected, the GENIUS stablecoin bill has officially landed, and cryptocurrency compliance regulation will usher in a watershed moment! Bull markets always arrive amidst skepticism.
#GENIUS稳定币法案 #稳定币立法
#GENIUS稳定币法案 #稳定币立法
About the latest GENIUS stablecoin bill! Even novices can understand it in seconds!
🚂 The amended GENIUS stablecoin bill is set for a Senate vote tonight; if passed, it will become the first federal legislative framework for stablecoins in the U.S. (There is no doubt that this bill will pass.)
Let's take a look at the key points of the amended GENIUS bill:
1. The most severe move is extraterritorial jurisdiction:
This primarily targets entities like Tether, which will not differentiate based on registration locations; as long as they service U.S. users, they must obediently follow the Federal Reserve's commands, effectively cutting off the path for overseas stablecoins to "regulatory arbitrage."
2. Clearly prohibit non-financial publicly listed companies from issuing stablecoins:
Let's take a look at the key points of the amended GENIUS bill:
1. The most severe move is extraterritorial jurisdiction:
This primarily targets entities like Tether, which will not differentiate based on registration locations; as long as they service U.S. users, they must obediently follow the Federal Reserve's commands, effectively cutting off the path for overseas stablecoins to "regulatory arbitrage."
2. Clearly prohibit non-financial publicly listed companies from issuing stablecoins:
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