🌍 **Key Trends in the Global Economy**
1. **Divergent Growth**: Expansion in Asian manufacturing (led by China and India), while service industries in Europe and the U.S. are weak; U.S. unemployment rate falls to 4.1%, but new jobs are mainly government-driven (accounting for 49.7%).
2. **Risk of Trade Wars**: Trump imposes tariffs of 25%-40% on 14 countries (effective August 1), impacting global supply chains.
3. **Oil Price Plunge**: WTI crude oil falls to $65.84 per barrel, potentially dropping to $60 in the fourth quarter.
### 💵 **Stablecoin Market**
- **Market Cap Surpasses $255.3 Billion**, with USDT ($159.5 billion) and USDC ($61.8 billion) accounting for 90% share; decentralized stablecoin USDe's market cap skyrockets to $6.2 billion (40-fold year-on-year increase).
- **Regulatory Framework Taking Shape**: The U.S. **GENIUS Act** requires 100% reserves + bans algorithmic stablecoins; Hong Kong's **Stablecoin Regulation** effective in August supports multi-currency peg.
₿ **Cryptocurrency Market**
- **Bitcoin Surpasses $109,000**, with Standard Chartered predicting it could reach $200,000 by the end of 2025; institutions increased their holdings by 245,000 bitcoins in the first half of the year (up 375% year-on-year).
- **Ethereum Leads Public Chains**: Technical upgrades (Pectra hard fork) and favorable regulations (ETH classified as “digital commodity”) drive institutional entry; Solana driven by meme coins, with a target price of $331 in 2025 (+70%).
🔮 **Future Trends**
- **Stablecoins**: Market size could reach $2 trillion by 2028 (annual growth rate of 60%).
- **RWA (Real World Asset Tokenization)**: Market size could reach $16 trillion by 2030, with stablecoins accounting for 30%-50% share.
**Risk Warning**: Escalation of trade wars, insufficient transparency of stablecoin reserves, volatility in U.S. Treasury yields.
> 💎 **Summary**: In the short term, policy compliance (Hong Kong licenses + U.S. legislation) could trigger market surges; in the long term, Bitcoin becomes “digital gold,” and stablecoins reshape the global payment system.
#ETH🔥🔥🔥🔥🔥🔥 #经济不确定性 #BTC☀ #etf以太坊 #solana