1）Market Situation
BTC fluctuates, altcoins continue to decline; US stocks are volatile, and 'crypto stocks' are performing significantly better than altcoins.
The market expects the Federal Reserve to cut interest rates twice in 2025 and once in 2026.
2）Today's Highlights:
1, Circle surges, valuation hits $45 billion!
The stablecoin bill has just passed, and the parent company of USDC is soaring.
With a projected market share of 25% by 2028, a $2 trillion stablecoin market, an annual interest rate of 2.5%, and a 50% revenue sharing, profits are $6.25 billion, resulting in a market value equal to 7 times PE—essentially preemptively exhausting expectations for the next few years.
2, The small coin RAY surges due to its listing on the Korean exchange Upbit.
3, Meme coins are active:
Useless skyrockets to a $100 million market cap, rumored to be controlled by the BONK platform;
JOE also rises, with KOL Murad suspected to be behind the manipulation.
