The growth of stablecoins is not for the existence of altcoins, but to continue providing liquidity to the US stock market globally, thus increasing the purchasing power of US Treasury bonds, providing reasonable scenarios for stablecoins, and allowing the whole world to support the Chinese people. It serves three purposes at once, while cryptocurrency is the second battleground for altcoins.
WLFI has officially integrated its stablecoin USD1 into the Bitcoin Thunderbolt initiated by Nubit.
USD1 is currently the only stablecoin operating on the Bitcoin network (previously Tether had suspended the omni version of USDT), and this collaboration opens up a fast usage channel for stablecoins on the Bitcoin mainnet.
$IBIT has just surpassed 70 billion USD, becoming the fastest ETF to reach this level in history, taking only 341 days, which is 5 times faster than the 1,691 days record held by GLD
@FinancialCmte has officially scheduled a markup of the cryptocurrency market structure bill (CLARITY Act) for Tuesday, June 10 at 10:00 AM Eastern Time, along with several other bills.
Why did I, after the launch of SUI by this big player, instead firmly short the knockoff tokens of the whole family bucket? First, let's analyze SUI. It was indeed hacked for 250 million USD. You can say SUI is awesome, SUI has the strength and won't collapse, but based on this analysis, you can at most conclude that you shouldn't short it. What does it mean to go long on the spot?? Either this guy is just a sock puppet, sent by a manipulative trader, who is actually going long in the real market to attract follow-on funds, allowing his larger position behind to escape. Or I'm an idiot, I'm a big idiot, being hacked for 250 million USD should be a major positive, yet I don't realize it.
It can be seen that in the past, Binance gave a lot of exposure to the Sui ecosystem, but unfortunately, the on-chain data of $Sui has always been very stagnant.
It seems that Binance wants to support a VC chain to compete with Sol, so they chose Sui and provided these CEX paths. However, at such a time, the ecosystem is still facing such issues; it truly is like trying to lift a piece of mud off the wall. CZ is now quite troubled; he wants to help, but unfortunately, the problems are significant, and Sui is more of a failure than a success.
Retail investors are mostly altcoins; Bitcoin keeps rising and is hard to hold. Altcoins are about competing with crypto market makers and retail investors, each picking each other's pockets. Institutional investors deceive retail investors to take their Bitcoin away. Then the institutions buy, buy, buy from each other to continue building their positions.
It's very much like the aunties at the vegetable market and the socialites at afternoon tea.
The commonality is that they are all women, and just women.
Aside from its name including 'coin', Bitcoin has little to do with the cryptocurrency world. The spring for small-cap stocks only comes after significant liquidity or bleeding.
《Ten Years Later: A Vision》 1. Quantum computers in commercial use 2. Google dominates the quantum field, Nvidia lags behind 3. BTC and ETH upgrade to quantum-resistant algorithms completed 4. Quantum computers emerge, existing cancers, AIDS, etc. are all conquered 5. The lifespan of the wealthy surpasses 200 years due to a medical revolution driven by quantum technology 6. BTC price exceeds gold, approximately 1 million USD each 7. ETH becomes on-chain infrastructure, 100,000 USD each
Fairshake has been closely monitoring this vote. We have just received a statement from Josh Vlasto, spokesperson for @CIFonX (a nonprofit related to the super political action committee), regarding tonight's vote:
We congratulate the Senate on today's vote result. This resolution and the stablecoin bill that was ultimately passed clear the way for Congress to enact market structure legislation based on the mandate of voters, thereby establishing clear rules for digital assets.