BTB-Luis

$USDC

Current Status of USDC and Circle Stock Price as of June 7, 2025

USDC Data:
• Circulation of approximately 61.1 billion
• Market capitalization of approximately 61.1 billion USD
• Price stabilized around 1 USD

Circle Stock Performance (NYSE: CRCL):
• Listed on June 5, with an issue price of 31 USD
• First day closing price 83.23 USD, rising to 107.70 USD the next day
• Market capitalization of approximately 18.4 billion USD, raised over 1.1 billion USD

After the rise in stock price, Circle's financing capability has strengthened, allowing for increased USD reserves, enhanced transparency tool development, and support for USDC's stable peg and larger scale circulation.

The recognition in capital markets has enhanced Circle's influence in front of policymakers and regulatory bodies, aiding in the advancement of stablecoin legislation and compliance frameworks, thereby indirectly consolidating USDC's legal status in the global market.

Tech Giants Lay Out Stablecoin Payments: Cryptocurrency Liquidity Drives Digital Economic Transformation
Recently, four major tech giants—Apple, X (formerly Twitter), Airbnb, and Google—are actively exploring the integration of stablecoin payments into their platforms. This is not just a technological upgrade but a profound transformation concerning the future landscape of the digital economy. They are taking concrete actions to harness the powerful liquidity of the cryptocurrency market, injecting it into the global payment system, and opening up unprecedented convenience and possibilities.
Stablecoins, with their stable value linked to fiat currencies and the rapid circulation advantages of crypto assets, have become a bridge connecting traditional finance to the digital future. They break the constraints of national borders, allowing funds to flow as freely as the wind. For Apple, X, Airbnb, and Google, this is not just an innovation in payment methods but a commitment to providing billions of users with a seamless experience in cross-border transactions.
Imagine when Airbnb users can easily make bookings with stablecoins from any corner of the world; when small tips on the social platform X arrive instantly; when Google and Apple's ecosystems seamlessly support this efficient and secure digital payment—how much this will change our lives!
Although there are still challenges ahead concerning regulation and user awareness, the involvement of tech giants signifies that the liquidity of the cryptocurrency market is entering the broadest stage. In the future, this payment revolution driven by stablecoins will redefine the rhythm of the global economy, ushering in a more equitable, efficient, and inclusive digital era.

#科技巨头入场稳定币

Trump and Musk 'Brotherly Rivalry': The Anxiety and Hope of Republicans

On June 6, 2025, a dramatic 'breakup' unfolded in American politics — former President Trump and billionaire Musk publicly split over a massive welfare bill, escalating tensions to personal attacks, shocking Washington.

This conflict is not only an open confrontation between two super influential figures but also brings to light the underlying divisions within the Republican Party. The bill promoted by Trump is key to reshaping his economic agenda, while Musk's strong opposition has thrown the Republican legislative process into uncertainty.

Despite the intense conflict, many Republican lawmakers still hold out hope for a 'reconciliation.' Speaker Mike Johnson, Congressman Greene, Nels, and others have expressed their desire for the two to repair their relationship. Some lawmakers even described this 'high-intensity relationship drama' using marriage advice and wrestling plots, reflecting their mix of helplessness and optimism.

Although Musk's words are sharp, he has not completely closed the door on reconciliation. He agreed with his ally Bill Ackman's call for peace, seeming to leave room for a 'mended relationship.' In contrast, Trump appears less compromising, calling Musk 'crazy' and stating he 'doesn't want to talk for now.'

This conflict highlights the delicate relationship between the Republican Party and tech capital: on one hand, they need Musk's influence and funding support, while on the other hand, they are wary of Musk's growing political influence potentially disrupting the party's agenda.

As one lawmaker put it, 'This might just be a political wrestling show.' And at this crucial moment before the elections, the 'split' and 'reunion' of these two influential figures not only affects the Republican Party's legislative progress but could also impact the political landscape for the 2026 midterm elections and beyond.

#特朗普马斯克分歧

U.S. Congressman Proposes Audit of Gold Reserves, 50 Years of Trading Records May Be Made Public

Recently, U.S. Congressman Thomas Massie introduced the Gold Reserve Transparency Act, requiring a comprehensive audit of all gold reserves held by the Federal Reserve and the Treasury Department, and the public disclosure of gold trading records from the past 50 years, including purchases, sales, and lending activities. This bill aims to enhance the federal government's transparency in gold management and strengthen the regulation and accountability of gold assets.

The bill's sponsor emphasized that gold, as a strategic national asset, is related to monetary stability, fiscal security, and global trust, and should therefore be subject to stricter information disclosure and external oversight. If passed, this bill will systematically reveal the specific operations of the U.S. government in the gold market over the decades.

#黄金 #BTC

Former U.S. President Donald Trump recently stated that he will "soon" announce the candidate for the next Federal Reserve Chairman. Although the current Chairman Jerome Powell's term does not end until May 2026, Trump has clearly expressed his dissatisfaction with Powell, criticizing him for being slow to act on interest rate cuts, referring to him as "Mr. Too Late," and calling for an immediate one percent rate cut from the Federal Reserve.

When asked about potential successors, Trump mentioned former Federal Reserve Governor Kevin Warsh, calling him "highly respected" and suggesting he is a "highly valued" candidate. Warsh served as a Federal Reserve Governor from 2006 to 2011 and is one of the youngest governors in the history of the Federal Reserve. He played a key role during the financial crisis and has held positions in Trump’s transition team for his second term.

Although Trump previously stated that he would not dismiss Powell before the end of his term, he has repeatedly criticized Powell's monetary policy stance and hinted at possibly applying pressure by announcing a successor in advance. This practice has raised concerns in the market regarding the independence of the Federal Reserve, with some analysts warning that Trump's intervention could undermine investor confidence in the next Federal Reserve Chairman, thereby affecting the effectiveness of future monetary policy.

Currently, Trump has not officially announced a successor, but he has indicated that he has a fairly clear idea of the candidate and will announce it soon. This decision could have a profound impact on the direction of U.S. monetary policy and financial markets.

Eric Trump announced on X that the $TRUMP Meme Coin has officially partnered with WorldLibertyFi. Although their original plan to launch a meme wallet is no longer moving forward, they are still focused on creating the most exciting Meme project in the world — $TRUMP.

More importantly, World Liberty Financial plans to include $TRUMP in its long-term treasury bond assets. This represents our shared beliefs in cryptocurrency, patriotism, and long-term vision. More updates are coming soon!

——
The Subtle Relationship Between the Two Companies

Trump Media (DJT) and World Liberty Financial (WLF) are both central pieces in the Trump family's strategy in the crypto world. DJT is a publicly listed company focusing on social commentary and Bitcoin ETFs, attracting capital through its official brand; WLF is more flexible and aggressive, issuing tokens, creating stablecoins, and DeFi products to attract grassroots funding and liquidity from the crypto sphere.

DJT is the "official front" of the Trump brand, publicly listed and regulated, representing mainstream legitimacy; WLF is the "behind-the-scenes treasury," operating flexibly, specializing in stablecoins and token finance, navigating the edges of regulation. Both target the same group of supporters with a shared goal — leveraging the Trump brand to unlock liquidity in the crypto space.

But the subtlety lies in:
• They do not have direct equity ties but leverage each other;
• DJT emphasizes legality and compliance, while WLF emphasizes freedom and decentralization;
• One side fears the brand being diluted by "radical tokens," while the other hopes to gain a foothold through DJT's aura.

This is a relationship that is both collaborative and cautious, working together to build a Trump crypto empire while retaining their own chips and exit strategies.
#川普币 #川普家族

On June 9, the U.S. Treasury Secretary, Commerce Secretary and Trade Representative will meet with Chinese representatives in London, showing that both the United States and China hope to ease trade and economic frictions and promote cooperation through high-level dialogue. This meeting shows that the two countries still attach importance to communication and coordination and seek a stable and win-win relationship in a complex international environment.

#美国加征关税

Why Are Crypto Companies Rushing for IPOs

With Circle successfully listing on the New York Stock Exchange, Gemini has also secretly submitted an IPO application to the U.S. Securities and Exchange Commission, sparking another wave of enthusiasm in the capital markets for the crypto industry. There are four key reasons why these companies are so keen on going public.

First, Compliance Endorsement
In the context of tightening regulations, going public is the most direct way for a company to prove its legitimacy and transparency. Circle's listing indicates that its stablecoin USDC's business model has gained recognition from regulators and the market. Gemini hopes to further solidify its compliance image through the IPO and maintain a positive interaction with regulators.

Second, Financing Needs
In an environment where venture capital is becoming conservative and the crypto market is volatile, going public has become an effective channel for obtaining long-term funds. Circle raised over $1 billion through its IPO, providing ammunition for the internationalization of USDC. Previously, several mining companies also raised funds through IPOs to expand their infrastructure and operations.

Third, Brand and International Expansion
Going public enhances corporate credibility and helps gain the trust of overseas financial institutions and regulators. Circle is promoting the integration of USDC into payment systems in more countries, and Gemini is accelerating its expansion in European and Asian markets; going public is their stepping stone to global cooperation.

Fourth, Cooperation with Regulators Rather Than Confrontation
Coinbase has chosen to publicly confront the SEC, while Gemini and Circle proactively accept regulation through the IPO process. This represents a path for crypto companies to seek survival and development within the system and may establish more 'compliance precedents' for the industry.

Conclusion
Going public is not just about financing; it is a crucial step for crypto companies toward institutionalization, globalization, and branding. As regulatory rules become clearer, more compliant crypto companies will move toward the capital markets, pushing the entire industry from the fringe to the mainstream.

When will Binance initiate its IPO?

#Circle扩大IPO规模 #IPO

Although official data shows that the unemployment rate in the United States remained at 4.2% in May, the actual number has risen to 4.244%, reaching a new high in nearly three years. It appears stable, but in reality, the job market is quietly weakening.

This is a warning signal for the Federal Reserve — the economy may begin to tighten. If the unemployment rate continues to rise, the pressure on the Federal Reserve to cut interest rates will actually increase. But the issue is, wages are still rising, and inflationary pressures have not fully dissipated.

Right now, the Federal Reserve is caught in a dilemma: the job market is softening and needs support; inflation is stubborn, and they cannot easily loosen policy. Whether or not to cut interest rates will depend on how the upcoming data unfolds. #非农就业数据来袭

The U.S. non-farm payroll data for May shows a generally neutral to strong performance. Although the non-farm payrolls added 139,000 jobs, slightly below the previous value, the wage data was significantly stronger than expected, with the year-on-year average hourly wage reaching 3.9% and the month-on-month rate rising to 0.4%, reflecting persistent wage pressure and strong inflation stickiness.

The unemployment rate remained at 4.2%, and the labor force participation rate slightly declined to 62.4%. The number of jobs in manufacturing decreased by 8,000, indicating concerns about the employment structure.

Overall, the data signals 'strong wages, structural pressure,' which may lead the Federal Reserve to remain cautious on the interest rate cut path.

#非农就业数据来袭

Deutsche Bank is exploring stablecoins and tokenized deposits, aiming to lay out a blockchain payment and settlement system similar to JPMorgan's JPM Coin and BlackRock's asset tokenization plan.

Deutsche Bank is the largest bank in Germany and a leading integrated bank in Europe, and in recent years has been accelerating its transformation towards digital finance to reshape its global influence and address profitability pressures and compliance challenges.

This exploration is a proactive strategic upgrade aimed at seizing the initiative in digital finance and tokenized assets, rather than a passive regulatory adjustment.

#稳定币

$BTC

🐋 Whale buys large PEPE order

On June 6, 2025, according to monitoring by Onchain Lens:

• A certain whale purchased 15.429 billion PEPE for 700 ETH (approximately 1.72 million USD).
• Currently, this address holds a total of 1.38 trillion PEPE, with a total value of approximately 15.2 million USD, stored across two wallets.

At the same time, the prices of ETH and PEPE both fell on the day, respectively:
• ETH: -5.59%
• PEPE: -5.37%

Is James Wynn really a big gambler, or a silent spokesperson for DEX?

Some say he is the most unfortunate gambler in the crypto world, going from 3 million to 100 million, only to lose it all within a week.
But from another perspective, this looks more like a scripted endorsement show:

He didn't sign an endorsement contract, yet became the best advertisement for perpetual contracts.
When he made 100 million, he attracted hundreds of thousands of followers and countless registered users.

On-chain, trading is content, and trading behavior itself has turned into a media product.

Every liquidation is not just a financial loss, but also a spread of “first-hand testimony.”

The real winner may not be him, but the platform.

So, is he really a failed trader?
Or is he an “invisible spokesperson” who was used and quietly fulfilled his mission?

What do you think?

#james

Musk's Political Shift: The 'Rebellion Path' of a Tech Giant

From a 'libertarian' tech fanatic to 'Trump's number one financier', and then to 'a former official driven mad by Trump', Musk's performance on the political stage in recent years can be summarized in four words: swinging back and forth.

He first lashed out at the Democratic Party, claiming they hate the rich and stifle innovation, and sarcastically pointed out that Biden forgot Tesla is the pioneer of electric vehicles. He then turned around to give money, people, and ideas to Trump, even stepping in to take on some role in a 'government efficiency department', as if he could really transform the federal government into a Tesla factory.

What happened next? Trump made a big turn, cutting electric vehicle subsidies, saying 'nobody wants your junk car', and openly called him 'crazy'. Musk immediately lost his cool: first he lashed out on X, then he resigned from his position, and then leaked plans to form a 'centrist party' — reminiscent of a neglected billionaire forming a band, neither left nor right, just you are right.

This is not a policy disagreement; it's an open rift between two giants.
A discarded billionaire, a combative president.
The honeymoon between capital and power has finally exploded in the budget and subsidies.

Now, Tesla's market value has plummeted overnight, Trump's approval ratings are slipping, and the two stand in their respective trenches, expressions grim — no winner, only a mess.

From fighting side by side to pulling each other, they haven't defeated each other but rather jointly performed a 'mutual trampling' finale play.

#特朗普马斯克分歧

Circle's debut on the market was explosive, with its stock price briefly surpassing $100!

USDC stablecoin issuer Circle (CRCL) today listed on the New York Stock Exchange, with an IPO price set at only $31. During trading, it surged past $100, currently reported at $75.90, a remarkable increase. Wall Street officially welcomes a new cryptocurrency giant!

As the issuer of the USDC stablecoin, Circle not only serves the crypto market but is also seen as the cornerstone of the 'on-chain dollar'. With the clarity of the U.S. regulatory stance gradually improving and institutions like BlackRock actively positioning themselves, Circle is progressively building a bridge between the crypto world and traditional finance.

Of course, challenges are intensifying. Tether still dominates the stablecoin market, and whether Circle can continue to expand its market share and enhance revenue transparency will determine if it deserves a future valuation in the hundreds of billions.

Whether it ultimately becomes a new generation of 'financial infrastructure' or a temporary funding frenzy, Circle's listing has already fired the first shot in the integration of Wall Street and on-chain finance.
#Circle扩大IPO规模

Musk openly fires shots, Trump furious, response shocking!

The political arena in the United States is once again in turmoil. Elon Musk, the head of Tesla and SpaceX, has recently stirred up a storm, directly targeting the $4 trillion bill pushed by Trump as a "disgusting fiscal monster." He has launched a high-profile campaign on social media platform X, calling on the nation to unite against this plan that would "ruin the future."

This is not just an ordinary disagreement; it is a full-blown confrontation between tech giants and political bigwigs. Musk harshly criticized the bill for creating a $2.4 trillion deficit, eliminating electric vehicle subsidies, stifling industrial innovation, and posing a life-or-death threat to Tesla. He issued a battle cry: "Kill this bill!"

Trump did not remain silent. He responded with rare anger: "I am very disappointed in Elon. I helped him greatly during his toughest times, and he bites back. It’s a betrayal!" Furthermore, reports have emerged that Trump’s team has withdrawn the NASA appointment of Jared Isaacman, a SpaceX ally. What appears to be a personnel arrangement is, in fact, a blatant political warning.

This conflict has ignited the market, with Tesla's stock price plummeting by more than 3.5%. Investors are shocked, and there is an uproar within the Republican camp. Some conservative lawmakers openly state that Musk is becoming an indirect ally of Biden.

The honeymoon period between Trump and Musk has completely ended. One was the president who once admired him the most, and the other is the billionaire who dares to speak the truth in the tech world, now publicly clashing with each other, with the whole nation watching!

This direct collision between tech giants and political titans may change not just a bill but the future direction of the United States.

#马斯克怒怼特朗普

The asset management company Yorkville America Digital in Florida has recently partnered with Trump Media & Technology Group and Crypto.com to launch a series of exchange-traded products (ETP). Currently, the company has officially submitted the S-1 form for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC), with the product named 'Truth Social Bitcoin ETF.'

This registration statement was submitted on June 5, following the earlier submission of the 19b-4 form by NYSE Arca this week, seeking SEC approval for related rule changes so that the fund can be listed for trading.

The S-1 form is submitted by the issuer (in this case, Yorkville) to register ETF shares, containing detailed information about the fund's structure, investment strategies, risk disclosures, and more; whereas the 19b-4 form is submitted by the exchange to apply for a rule change that allows the fund to be listed on the exchange.

Although these two documents serve different purposes, both must receive SEC approval for the Bitcoin ETF to officially list in the U.S.

Similar to other Bitcoin ETFs submitted by large asset management companies, this S-1 form has not yet disclosed the fund's trading code (Ticker) and sponsor fees (Sponsor Fee).

However, Bloomberg ETF analyst Eric Balchunas pointed out an unusual and even 'surreal' item in the fund's risk disclosure – explicitly mentioning the establishment of the SEC's cryptocurrency enforcement task force and President Trump's executive order to establish a 'Bitcoin Strategic Reserve.'

According to Balchunas, this is the first time a specific executive order from the sitting U.S. president has been directly mentioned in the risk disclosure section of an ETF filing.
#特朗普媒体科技集团比特币财库

The U.S. and China Reach Positive Consensus on Rare Earth Issues, Market Welcomes Stability Expectations

U.S. President Trump recently stated that he had a one-and-a-half-hour phone call with China to discuss the newly reached trade agreement. This call focused on the trade arrangements for rare earth products, and Trump clearly stated, "There should be no doubt about the complexity of rare earth products." This is widely interpreted as a preliminary consensus reached between the U.S. and China on the rare earth supply issue.

For a long time, rare earths, as key resources for high-tech industries and defense manufacturing, have been a sensitive topic in the U.S.-China game. China dominates global rare earth production and processing capacity, while European and American countries heavily rely on imports. If the U.S. and China can achieve coordination in the rare earth field, it will not only help ease the tension in the global supply chain but also provide more stable expectations for downstream manufacturing and emerging industries.

According to Trump, both parties' representative teams will meet soon, with the U.S. side led by Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, and Trade Representative Robert Lighthizer, and it is expected that further details of the agreement will be finalized.

Although this call did not address geopolitical issues such as Russia-Ukraine or Iran, it focused on trade and resource coordination, signaling that U.S.-China relations may be moving toward pragmatism and restarting communication. If subsequent progress goes smoothly, the rare earth-related market may welcome a new round of valuation correction and policy dividends.

Regarding the unpredictability of the Trump administration, the Chinese government still has countermeasures

Regulatory Power
• China controls more than 70% of global rare earth production capacity, which is crucial for high-end magnetic materials, new energy vehicles, electric motors, and other industrial chains;
• Once U.S. policies shift to a hardline stance (such as re-imposing tariffs or restricting technology cooperation), China can regulate export approvals, establish export whitelist/blacklist;
• It may also apply pressure on specific U.S. companies or industries through price regulation, quota management, and technology export restrictions.

#美国加征关税

The politicization of senior positions in the Federal Reserve System (Fed) is intensifying.

Key Facts Review:
• Michelle Bowman was confirmed as Vice Chair of the Fed, responsible for bank supervision, by a narrow Senate vote of 48 to 46.
• This close 'partisan line' voting outcome is very rare, indicating high levels of politicization.
• Comparing historical cases:
• Michael Barr was confirmed in 2022 with a vote of 66 to 28.
• Randal Quarles was confirmed in 2017 with a vote of 65 to 32.
These results indicate that in the past, Fed positions often received bipartisan support.

⸻

Trend Analysis:
1. Increasing partisan divisions:

• The Fed was once viewed as a relatively neutral and technical institution, but in recent years, significant divisions have emerged between the two parties regarding its positions on financial regulation, monetary policy, bank regulatory reform, and more.

• In particular, the position of Vice Chair for Bank Supervision holds practical influence—supervising bank capital, stress tests, etc.—making it a potential political focal point.
2. Policy orientations spark controversy:

• Democrats tend to support stricter regulations (emphasizing financial stability and consumer protection).

• Republicans are more likely to advocate for regulatory easing to promote growth in the banking sector and liquidity in credit.

• If Bowman is seen as leaning towards the Republican 'deregulation faction,' then the opposition from Democratic lawmakers is not surprising.

3. Challenges to the Fed's independence:

• The independence of the Fed is crucial for its implementation of monetary and regulatory policies, but the politicization of the appointment process may undermine market confidence in its neutrality.

⸻

Conclusion:

Michelle Bowman's appointment process marks a trend of increasing 'politicization' of senior Fed positions, reflecting profound divisions between the two parties on the direction of financial regulatory policy. If this phenomenon continues to develop, it could have long-term effects on the governance structure of the Fed, its policy effectiveness, and public trust in it.

#FederalReserve