#科技巨头入场稳定币 ⚔️ I. Political conflict triggers massive market tremors
1. Trump and Musk publicly break apart
Trump calls Musk a 'crazy person' and threatens to terminate his government subsidies and contracts; Musk retaliates by saying 'he can't win the election without me.'
Market impact: The crypto market saw $983 million in liquidations within 24 hours (227,300 users), Bitcoin briefly fell below $100,000 but then rebounded to $104,472 (a single-day increase of 4%).
Trump plans to sell his red Tesla, and the White House confirms that neither party has the willingness to repair their relationship.
📊 II. Market dynamics and capital trends
1. Bitcoin's strong rebound
From a low of $100,377 on June 5, it rebounded to $104,472, with a 24-hour trading volume of $47.8 billion, showing a V-shaped reversal in technical analysis. Resistance levels are seen at $105,000-$107,000, with support at $101,500.
Catalysts for the rebound include improved ETF fund inflows (single-day net inflow of $50 million) and short covering.
2. Circle's stock surged 168% on its first day of trading
Stablecoin USDC issuer Circle lists on the NYSE, closing at $83.23 (issue price $31), with a market cap exceeding $18.5 billion, becoming the 'first stock of stablecoins'.
BitMEX founder warns that this IPO frenzy may recreate the 2017 ICO bubble risk.
3. Institutional holdings surge
116 listed companies increased their Bitcoin holdings to 809,100 BTC (approximately $85 billion), more than doubling since 2024, mainly due to support from Trump's policies and new accounting standards allowing profit recognition.
⚖️ III. Global regulatory dynamics
1. Progress on the US stablecoin bill
(GENIUS Act) is expected to vote in the Senate this week, with core provisions including: banning foreign entities like China from holding stablecoin issuers, and strengthening anti-money laundering requirements.
Polls show 74% of US voters support crypto-specialized legislation.
2. Singapore tightens restrictions on overseas services
Unlicensed crypto service providers must cease services to overseas clients by June 30, with no transition period.
Hong Kong legislator Wu Jiezhuang calls for affected companies to relocate to Hong Kong, stating that over a thousand Web3 companies have already settled.
3. South Korea's new president promotes crypto reform
Lee Jae-myung promised to promote spot crypto ETFs, a won stablecoin, and improve the regulatory framework for digital assets after being elected.
🏢 IV. Corporate and technological developments
1. JD's stablecoin tests cross-border payments
JD's stablecoin enters the second phase of the sandbox, testing scenarios include cross-border payments (speed reduced from days to seconds), investment trading, and retail payments, working towards compliance with regulators.
2. Ethereum Foundation reorganizes R&D department
Restructuring part of the team, focusing on three main directions after reorganization: expanding the foundational layer, optimizing data availability modules (blobspace), and enhancing user experience.
New fiscal management regulations require annual spending not to exceed 15% of the treasury's total, reducing to 5% over the next five years.
3. Tether's strategic adjustment
CEO Paolo Ardoino stated that the focus will be on developing non-US markets such as Latin America, Asia, and Africa, possibly entering the US with a new stablecoin. Data shows that the Singapore-China corridor accounts for 36.3% of stablecoin flows, far exceeding the US's 18.7%.
💎 Summary of today's focus
Political risk: The Trump-Musk conflict temporarily disturbs the market, but there is a quick rebound showing resilience;
Regulatory watershed: The US stablecoin bill vote is imminent, and regulatory games between new and old ports are intensifying;
Capital dominance: Circle goes public, and institutional investments in BTC confirm deep involvement of traditional finance.
It is recommended to continue monitoring the Federal Reserve's interest rate decision on June 18 and US CPI data, which may become key catalysts for the next phase of the market.
