$USDC Capital's Shadow War Has Emerged: ARK Invest is Gradually Cashing Out at Highs, While Retail Trading Volume Has Soared to 30%. As Traditional Financial Giants Begin to Incorporate On-Chain Assets, Circle's "U.S. Treasury Arbitrage + Cross-Border Payment" Dual Engines Face the Test of an Interest Rate Cut Cycle, and the Battlefield of RWA (Real-World Asset Tokenization) is Suddenly Intensifying.

Regulatory Compliance Has Opened a $40 Billion Gate, But In Wall Street's New Betting Game, the Dollar Hegemony Vehicle and Valuation Bubble are Racing for Survival On-Chain.