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💵 Stablecoin Bill Could Bring Trillions
🔥 The impact of the "Guiding and Establishing the National Innovation Act for Stablecoins in the United States" (the "GENIUS Act") may lead to a series of significant effects, including a massive influx of capital worth trillions.

Here are the specifics:
The stablecoin market is expected to grow significantly: With the advancement of this bill, there are high hopes for the stablecoin market. A report from Standard Chartered Bank predicts that by the end of 2028, the issuance of stablecoins will reach $2 trillion. Currently, the total market capitalization of stablecoins has skyrocketed from $20 billion to nearly $250 billion in about five years, and if the bill is passed, it will further stimulate the expansion of its market size.
Bringing huge demand for U.S. Treasury purchases: Due to the bill's strict requirements on the reserve assets of stablecoins, which must be backed by highly liquid assets such as cash, demand deposits, and U.S. short-term Treasury bonds maturing within 93 days at a ratio of at least 1:1, this means that stablecoin issuers will need to purchase a large amount of U.S. Treasury bonds as reserves. Standard Chartered Bank predicts that by the end of 2028, this will lead to an additional $1.6 trillion demand for U.S. short-term Treasury purchases, which is enough to absorb all new short-term Treasury bond issuance for the remainder of Trump's second term. Republican Senator Bill Hagerty even predicts that by 2030, stablecoin issuers will become the "largest holder of U.S. Treasury bonds in the world."

Potentially triggering a diversion of deposits from traditional banking: Bank of America Securities has issued a warning that with the rise of stablecoins, the traditional U.S. banking sector may face a diversion of deposits amounting to as much as $6.6 trillion. This is because the development of stablecoins will attract some funds away from the traditional banking system into the stablecoin space, thereby impacting banks' deposit business.

On May 19, local time, the U.S. Senate passed the procedural legislation for the "GENIUS Act," paving the way for the bill's advancement, but it still requires a final vote in the Senate and must be reviewed and passed by the House of Representatives to officially become law.

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😨 The invisible 4-hour pancake, the 15-minute pullback of Ethereum.
How many people thought the low point of the morning's crash would be a temporary bottom, only to find that it didn't even last a day before it broke? It fell by hundreds in one go; one wave hasn't settled before another arises. The market is too weak, chasing highs and lows is too extreme. A slight heavy position might lead to a forced liquidation notice. I don't know how many people have been shattered again. Perhaps only those who catch the tops and bottoms can remain unaffected inside? #BTC

Liang Xi is looking for someone to mortgage the coin account on x
Out of trust, I purchased it for him
He also believes that I won't mess around with the account
Next, I wish him to short and turn things around soon