📌 Policy and Major Developments
Trump is back! He is calling for the House to "quickly pass" the stablecoin bill on social media to accelerate the United States into the great era of digital assets. Circle's stock is also incredible, with a single-day trading volume exceeding 63 million shares, setting a new historical high, indicating that the capital market's enthusiasm for cryptocurrency concepts remains strong. On the other hand, the U.S. Treasury Secretary emphasizes that cryptocurrencies will not threaten the dominance of the dollar, suggesting that the regulatory stance may soften. Meanwhile, Arkham reveals: Abraxas Capital has a single address short position exceeding $500 million, with an unrealized profit of $18 million, making this long-short showdown quite intense!
