Reincarnation Community News on May 29

1. 【U.S. Policy Shift Ignites Market Divergence】(Importance: 25%)

Content: Vice President Vance announced a priority to repeal the crypto regulatory rules of the Biden era, planning to simplify the stablecoin issuance process and withdraw the SEC's lawsuit against exchanges.

Analysis: The favorable policy directly stimulates expectations for institutional capital entry, with BlackRock's Bitcoin ETF seeing a net inflow of $230 million in one day. However, caution is needed regarding the risk during the vacuum period before policy implementation, especially as the SEC may launch a surprise review of the spot ETF redemption mechanism.

2. 【BlackRock Doubles Down on Stablecoin Ecosystem】(Importance: 20%)

Content: BlackRock confirmed the subscription of 10% of Circle's IPO shares and will take over the management of 90% of its USDC reserves, with both parties agreeing to prohibit BlackRock from issuing competitive stablecoins.

Analysis: Traditional financial giants are deeply binding with the stablecoin market, with USDC circulation expected to exceed $70 billion, potentially diverting some Bitcoin safe-haven funds. However, attention should be paid to the compliance controversy arising from Circle freezing $58 million USDC from the Libra team, exposing risks of centralized governance in stablecoins.

3. 【Federal Reserve Releases Economic Warning Signals】(Importance: 20%)

Content: The Federal Reserve meeting minutes show officials are concerned about a weak labor market and persistent inflation, hinting that the probability of a rate cut in September has dropped to 45%.

Analysis: The dollar index rose to 104.3, suppressing risk assets, with the correlation between Bitcoin and the Nasdaq 100 index rising to 0.58. If the U.S. tech sector continues its decline, it may drag Bitcoin below the psychological level of $105,000.

4. 【Coinbase's Technological Innovation Impacts Custody Market】(Importance: 15%)

Content: Coinbase launched a CDP wallet based on TEE technology, allowing developers to create self-custody wallets via API with private keys fully encrypted.

Analysis: This technology may attract $2-3 billion in institutional capital, but caution is warranted regarding potential backdoor risks in AWS Nitro Enclaves. Recently, a $400 million crypto scam in Vietnam exposed vulnerabilities in custody services.

5. 【Geopolitical Policy Games Intensify】(Importance: 10%)

Content: Polish presidential candidate Nawrocki pledged to promote crypto-friendly policies, attempting to attract votes from 14.8% of far-right Bitcoin holders; the UK's FCA plans to introduce new custody regulations requiring companies to isolate reserves.

Analysis: Eastern European policy benefits may stimulate regional buying, but the UK's new regulations may increase compliance costs by 30%, putting pressure on small to medium exchanges.