Recently, the concept of stablecoins and RWA is on fire, and related concept stocks have skyrocketed!

RWA = The era of on-chain IPOs! With the introduction of the Hong Kong bill, the stock market is in a frenzy while the crypto circle is still pretending to be dead?

Stablecoins are the 'intermediary' of digital currencies, pegged to fiat currencies like the US dollar and renminbi, making it easier for you to buy other digital currencies.

RWA - Turning real estate/stocks/bonds into on-chain tokens. In traditional finance, there is ABS (Asset-Backed Securities), and RWA is moving ABS on-chain, allowing companies to package assets into tokens for financing. You can think of it as a 'new third board' settled in tokens.

Do you know why the Hong Kong stablecoin bill triggered a stock market explosion on May 21? Traditional capital sees a new trick:

👉 Companies can issue on-chain asset tokens just like issuing stocks (Ant Group and JD.com have stealthily laid the groundwork)

👉 Stablecoins instantly become a fast lane for cross-border settlements

👉 Hong Kong stocks are speculating on the 'blockchain bank' concept, while this group in the crypto circle is still playing with meme coins…22021678559

🔥 Current market guide (2025 passive income version)

81936781964: From 75,000 to 118,000, this wave of increase has almost no pullback; a washout is necessary, 100,000 is strong support, and 120,000 is the next target.

79859026698: New listings will drive up token prices, but will drop after the listing! The Alpha score is getting higher and higher; relying on airdrops for passive income is no longer possible.

40540841441: Every time Ethereum tries to break through, Bitcoin drops and drags it down!! Completely gives no chance for the second coin! Little E is really having a hard time!

Some important news from yesterday:

1. According to the latest disclosure from Arkham, 454,000 BTC holdings have been identified on-chain by Strategy.

2. According to Jinshi reports, White House officials stated that the news of Musk leaving the government is true.

Back to today’s daily BTC technical analysis, from the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is down, and the daily level is down, with an intraday resistance of 102,500 and a support level of 108,800 USD. Friends who bought below 80,000 can now consider taking some profits.

Disclaimer: Personal trading diary, not investment advice! This article comes with a 50% counter-indicator buff; don’t blame me if the market hits back.