On June 17, 2023, the U.S. Senate passed the "GENIUS Act" with a high vote of 68:30, which for the first time imposes a "federal tight leash" on stablecoins! This means that "crypto cash" like USDT and USDC, which are pegged to the dollar, will finally say goodbye to reckless growth, as they must be 100% backed by dollars or U.S. Treasury securities, and they will also have to publish their financial statements monthly. 🚨 Who wins and who loses? • Winners: Wall Street giants are smiling—JPMorgan quickly launched the "JPMD" token, and Circle's stock surged by 5%. The Trump administration is also thrilled, as U.S. Treasury bonds may welcome trillion-dollar new buyers. • Losers: Algorithmic stablecoins are directly banned, and unconventional issuers are completely finished.
#我的交易风格 institutions operating crazily, BlackRock has bought over 23,000 ETH in three days, and the US spot ETF has seen a net inflow of 1.41 billion USD in ten days. On-chain whales are also not to be outdone, with a mysterious address buying over 4,000 ETH in two days. Under unfavorable international conditions, the price quickly rebounded, indicating that the major players are using news to wash the market. The ETH inventory on exchanges has hit a two-year low, with over 1 million ETH locked up. On the technical side, RSI has broken through the 50 midpoint, MACD golden cross is imminent, and there is a daily triple bottom divergence. The staking amount has reached a new high, with an annualized yield of 4.5%, making it comparable to crypto government bonds. On the macro level, the probability of the Federal Reserve cutting interest rates is high, hot money is flowing into the crypto circle, and there are many epic positive factors.
#越南加密政策 Metaplanet's approach is actually quite clever; they use Bitcoin as a tool to hedge against the depreciation of the yen. With the yen continuing to weaken, holding Bitcoin can effectively diversify risk, much like we often say, 'Don't put all your eggs in one basket.' Moreover, with the successful case of MicroStrategy in the forefront, which saw their stock price soar and market value multiply by several times through holding large amounts of Bitcoin, Metaplanet is also standing on the shoulders of giants by emulating this strategy. That being said, the charm of Bitcoin lies in its scarcity and decentralization. The total supply is only 21 million coins, and it is not controlled by any country or institution. During times of increasing global economic uncertainty, this characteristic becomes particularly important. Although the price fluctuates wildly in the short term, in the long run, quality assets will ultimately weather the bull and bear markets. Therefore, I am still full of confidence in Bitcoin's future and hope that Metaplanet can also achieve substantial returns as a result.
#Metaplanet增持比特币 Metaplanet's approach is actually quite clever; they use Bitcoin as a hedge against the depreciation of the yen. The yen continues to weaken, and holding Bitcoin can effectively diversify risks, just like we often say, "don't put all your eggs in one basket." Moreover, with the success case of MicroStrategy, which saw its stock price soar and its market value multiply by several times through holding a large amount of Bitcoin, Metaplanet is also standing on the shoulders of giants by emulating this strategy. That said, the charm of Bitcoin lies in its scarcity and decentralization. The total supply is only 21 million coins, and it is not controlled by any country or institution. During times of increased global economic uncertainty, this characteristic becomes particularly important. Although there are severe price fluctuations in the short term, in the long run, quality assets will ultimately weather the ups and downs. Therefore, I am still full of confidence in the future of Bitcoin and hope that Metaplanet can also achieve substantial returns from it.
As of $ADA , the current Cardano DeFi ecosystem has only $356 million in TVL, with stablecoin reserves insufficient at $31 million, severely restricting lending and trading activities, leading users to flock to Ethereum and Solana. The new strategy not only promotes the widespread use of stablecoins but also plans to introduce Ripple's RLUSD privacy sidechain, building a cross-chain DeFi bridge, while converting some ADA to Bitcoin to create a Prime Bitcoin DeFi ecosystem, attracting more BTC holders to participate. Although the foundation's CEO questions the TVL metric, Hoskinson emphasizes a phased execution to avoid market pressure, hoping to ignite ADA prices to break the $1.3 barrier and restore Cardano's position as a cross-chain DeFi hub. If unsuccessful, the risks are significant, and the ecosystem may fall into stagnation. The opportunity has arrived; can Cardano turn the tide and become the next generation DeFi giant? The answer will soon be revealed!