Just 72 hours after the Federal Reserve's closed-door meeting, JPMorgan and Bank of America suddenly submitted an amendment to Congress (GENIUS Act)!
According to insiders, the new terms require all stablecoins to be issued by FDIC-insured banks and mandatorily connected to the FedNow system—this is equivalent to putting a central bank's shackles on the DeFi ecosystem! (News rating: nuclear-level bearish)
The more lethal 27th amendment states: All algorithmic stablecoins must freeze 200% of the total supply in government bonds as collateral! This directly condemns mainstream decentralized stablecoins like USTC, FRAX, and DAI to death.
Goldman Sachs analysts stated in a leaked memo: "This is a financial blitzkrieg to completely nationalize DeFi liquidity."
On-chain data has shown anomalies: the market maker Wintermute is frantically selling 120 million USDC, and the secretly formed 'Digital Currency Clearing Group' by BlackRock has suddenly requested Coinbase to provide a list of all stablecoin transactions over $50,000.
Even scarier is that Tether's CTO has just liquidated all of his ETH holdings! (Funding alert: Institutions have started to withdraw)
Emergency response: Immediately swap exchange stablecoins for WBTC/ETH-based ones, BitMEX perpetual contract funding rates show that shorts are paying historically high premiums!
It is recommended to focus on laying out TON, XMR, and XRP, the three altcoins with anti-censorship genes; the unexpected endorsement of Toncoin's distributed verification architecture by Iranian central bank officials is no coincidence.
Ultimate prediction: If the bill passes the Senate vote next week, USDT will face direct asset freeze risks!
Crypto.com's cold wallet anomalously transferred 4.7 billion USDC to a Fireblocks custody account; this is very likely a self-rescue act before regulatory raids.
Remember the tragedy of Silvergate Bank in 2023—when traditional financial giants bare their fangs, they never provide a survival guide for retail investors!
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