Merrill Voong GU7l

U.S. Dollar-Backed Stablecoins: A New Power Play?$BTC

At the Bitcoin 2025 conference, U.S. Vice President Vance made headlines by calling dollar-backed stablecoins a "force multiplier" for expanding American influence globally. 💼🌍

According to him, stablecoins can serve as digital ambassadors of the U.S. economy—boosting the dollar’s dominance in international markets and providing the U.S. with a stronger foothold in global finance. 🇺🇸💵

📈 Market Sentiment: Bullish Vibes?

This statement could ignite bullish sentiment in the stablecoin and broader crypto market. Why?

It signals policy-level support.

Implies future regulatory clarity.

Boosts confidence in USD-backed assets like USDT, USDC, and PYUSD.

If the U.S. actively promotes stablecoins, it could lead to increased adoption, especially in developing countries—driving more liquidity into the crypto market. 🚀

Japan's Bond Market in Turmoil: Yields Soar, Economy Under Pressure

Japan’s long-term bond market is facing unprecedented volatility. In the past 45 days, the yield on 30-year Japanese government bonds has surged by 100 basis points, reaching a record 3.20%. This rapid spike has wiped out over 20% of the value of $500 billion worth of 'safe' 40-year bonds in just six weeks.

Yields on 40-year bonds, which stood at just 1.3% two years ago, have now soared to 3.5%. Analysts point to a major policy shift by the Bank of Japan (BOJ), which has ended its long-running bond-buying program. This has flooded the market with supply, pushing yields higher and prices lower.

The situation is so severe that Japan’s Prime Minister recently warned the nation’s fiscal condition could be “worse than Greece's.” As the Japanese economy slows and investor uncertainty grows, the rising yields are a signal of deeper structural issues ahead.

What does this mean for global markets? Will Japan's debt crisis spill over? Stay tuned.

#Japan #BTC

USDC Adoption Surges on Ethereum, Hitting All-Time Highs

USDC is making major waves on the Ethereum network!
According to recent data from Token Terminal (via BlockBeats), USDC usage has reached record-breaking levels — with a current outstanding supply of nearly $4 billion. Even more impressive is the monthly transfer volume, soaring to $635 billion, along with 7.2 million transactions recorded in just one month.

This explosive growth signals a strong demand for stablecoins within DeFi and beyond, as users increasingly turn to USDC for fast, secure, and transparent transactions on Ethereum.

$BTC $ETH

#BTC #ETH #stablecoin #CryptoNews

Australian Senator Labels Bitcoin a 'Ponzi Scheme,' Faces Backlash from Crypto Community

Australian Senator Gerard Rennick has stirred controversy with recent comments made on the social media platform X, where he referred to Bitcoin as a "Ponzi scheme" and questioned its intrinsic value by stating it "cannot be eaten."

His remarks quickly drew criticism from the crypto community, with the Australian Bitcoin Industry Body (ABIB) responding that the senator's views reveal a serious misunderstanding of Bitcoin and its role in the modern financial system.

Prominent Bitcoin advocates also came forward to defend the digital asset, underscoring its significance as a decentralized store of value and a powerful tool for financial freedom.

The incident highlights the ongoing divide between traditional policymakers and the evolving digital economy, emphasizing the need for informed dialogue around crypto policy and innovation.
$BTC

#BitcoinNews #ponzischemesonbinance
#CryptoTrends2024 #DigitalAssetsDaily #BitcoinDebate