小雪球

The stablecoin bill has been passed, and everyone has started chasing tokens related to stablecoin concepts.
$AAVE launched its own stablecoin $GHO;
$ENA has always had its own stablecoin, one of the biggest Ponzi schemes this round;
$USUAL was said to have previously depegged from the stablecoin, and now it's unclear how it's doing;
$FXS is considered the only survivor left from the stable era;
$LQTY also has stablecoin business and is the lowest market cap existence;
$CRV forgot whether its stablecoin has been launched;
The above are what I found, and everyone is welcome to add.

Today, on #GENIUS稳定币法案 , there was a major event in the crypto world that everyone is paying attention to: the Stablecoin "GENIUS Act" passed the motion vote. This act originally had no controversy between the two parties, mainly covering three points:

Ensure stablecoins are backed by 1:1 reserves and improve transparency.

Implement anti-money laundering (AML) and consumer protection measures.

Consolidate the United States' leadership in global digital finance.

Let me explain the importance of the stablecoin act: 1. First, stablecoins are the strongest surplus in crypto.
Stablecoins themselves are the most successful applications and are also RWA applications! USDC, USDT, and others are products that tokenize the US dollar, a "real-world asset". We know that the core of RWA is compliance, so the stablecoin act clarifies the legal status of the most basic RWAs like stablecoins, laying the legal foundation for the entire RWA sector.
Other assets like stocks/bonds, as long as they meet the 1:1 reserve support and anti-money laundering requirements, should subsequently be approved. ~2. Compliance channels opened.
The act establishes a clear registration and regulatory mechanism, which means:
- Traditional financial institutions can compliantly tokenize assets
- There is now a clear legal bridge between on-chain and off-chain worlds
- Large institutions can enter with confidence, bringing more high-quality assets
- Web2 users can completely compliantly exchange fiat for stablecoins.
3. Enhanced liquidity.
Stablecoins are the lifeblood of on-chain liquidity. Currently, with over 200 billion in stablecoin size, it supports a 30 trillion cryptocurrency market valuation. Previously, U.S. Treasury Secretary Basant predicted that compliant stablecoins will reach an issuance scale of 2 trillion dollars within a few years, providing abundant liquidity for the crypto market.
4. Trust mechanism established.
The stablecoin act requires strict reserve management and auditing; this transparent mechanism can be applied in other scenarios, enhancing the trust level of the entire crypto industry, especially in the RWA market, addressing traditional financial institutions' lack of trust in blockchain assets.
However, this act has not yet been formally passed, and the official Senate vote will take place on May 22. Interested individuals can pay attention to this date.

#BTC挑战11万大关 Australia has lowered, will Europe follow? Then the United States suddenly follows suit, not holding out until July? What does everyone think?

Today's situation is somewhat strange. BTC is still above 103,000, but altcoins are collectively falling. It's obvious that they are following the downward trend instead of the upward one, which is not a good sign for altcoins. If BTC does not show a bullish movement at the 103,000 level next, altcoins may drop back down. If BTC returns to around 100,000, then it will not look good for altcoins. Of course, we hope BTC can continue to rise after a period of sideways movement.
In this situation, I will not short. I will still look for a position to enter at a low level for a long position later. When trading short waves, it’s best to be quick and decisive in the optimal range. Until the situation becomes clearer, I will hold back on making moves. #美国PPI数据来袭

#美国加密立法 Summary of the current leaders in various sectors of altcoins
The leader of the ETH ecosystem is ETHFI
The leader of meme coins on the ETH chain is NEIRO
The leader of meme coins on the SOL chain is PNUT MOODENG
The leader in the AI sector is VIRTUAL
The leader of meme coins on the BSC chain is MUBARAK
The leader of new public chains is SUI
Now we just need the leader of RWA chain games, NFT, and DEFI to emerge
Predicting the upcoming leaders in these sectors
The leader in the RWA sector is: ONDO or USUAL
The leader in chain games is: PIXEL
The leader in NFTs is: PENGU
The leader in DeFi is: velodrome

#BTC突破99K BTC First Breakthrough 100,000, ETH 4000
BTC Second Breakthrough 100,000, ETH 3900
BTC Third Breakthrough 100,000, ETH 3700
BTC Fourth Breakthrough 100,000, ETH 3400
BTC Fifth Breakthrough 100,000, ETH 3100
BTC Sixth Breakthrough 100,000, ETH 2700
BTC Seventh Breakthrough 100,000, ETH 1900

The SEC's delay in approving the spot ETF reflects the regulatory body's lingering concerns about the custody, liquidity, and market manipulation risks associated with crypto assets, temporarily suppressing market sentiment. However, traditional institutions like BlackRock continue to apply, indicating a strong demand for compliant channels, which may force exchanges to improve their risk control systems in the long term. The SEC may wait for increased transparency in Bitcoin spot data before granting approval, and the political maneuvering during the election year in 2024 may accelerate decision-making. A delay does not equal a rejection; the narrative of institutional entry is not over, and accumulating positions during dips may become a strategic option.

On the 100th day of Trump's inauguration, Wall Street felt like it was sitting on a volcano - the 'Executive Order No. 77 on the Financial System' he signed blew the cryptocurrency industry sky-high. Hidden in the document were two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, and the SEC is ordered to provide clear standards for token securities within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced three circuit breakers in a single day amidst wild fluctuations.
What’s most ingenious is the political calculation; this executive order was deliberately announced on the eve of the Federal Reserve's interest rate meeting. Now Powell is being grilled - he has to deal with Trump's demand for a '500 basis point rate cut' while also addressing the resulting collapse of the dollar. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital leaving the bond market, with a third of that frantically flowing into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly collectively shifted to support cryptocurrency regulation because their big donors discovered that the new tax law allows anonymous donations using cryptocurrency.

As of April 14, 2025, the U.S. government announced new tariffs on imported semiconductor products, expected to be implemented within the next one to two months, with rates starting from 25% and gradually increasing. This policy aims to reduce reliance on foreign chips and promote domestic manufacturing. Although previous tariff exemptions for electronic products such as smartphones and computers have lowered the overall import tax rate, Secretary of Commerce Gina Raimondo emphasized that these exemptions are temporary, and related products will fall under the new semiconductor tariff scope.
This move has attracted widespread attention from the market. Some analysts are concerned that this could exacerbate inflationary pressures, affect consumer spending, and impact the supply chain in the technology sector. At the same time, China has imposed tariffs on imported goods originating from the U.S., increasing rates to 125% in response. Additionally, the China Semiconductor Industry Association has clarified that the origin of integrated circuits is defined as the location of the wafer fabrication plant, which means that chips produced in the U.S. may see price increases due to tariffs.
Investors should closely monitor the impact of policy changes on the semiconductor industry, particularly regarding potential effects on companies such as Intel (INTC), AMD (AMD), and Nvidia (NVDA). Moreover, given the complexity of global supply chains, companies may adjust their production layouts to adapt to the new trade environment.

The big pancake of #加密市场反弹 will not let down the world. The big pancake has successfully broken through and stabilized at 83500.
The next position to challenge is 85500, and if it can stabilize at 85500, it will really be good.
In a slowly rising short squeeze market, it can be panic-inducing, but absolutely do not hold positions to short!
Trump's recent operations are truly unexpected 😮 He actually announced a tariff exemption for several technology products such as 'smartphones, laptops, computer chips', not to mention that previously there was a 125% high tariff on imports from China.
The tariff war drama has finally come to an end!

On April 11, 2025, the U.S. Securities and Exchange Commission (SEC) Division of Corporate Finance issued a statement providing specific guidance on the disclosure requirements for securities offerings and registrations in the cryptocurrency asset market. The main points are as follows:

- Scope: Includes equity or debt securities related to networks, applications, or cryptocurrency assets, as well as cryptocurrency assets that are or are attached to investment contracts.

- Specific Requirements: Issuers should provide clear and complete information regarding business descriptions, risk factors, securities characteristics, technical architecture, governance mechanisms, supply mechanisms, management teams, financial statements, and appendices. It is particularly emphasized that if the rights and obligations of cryptocurrency assets are encoded through smart contracts, issuers should submit the relevant code as an attachment and update it promptly when changes occur.

Additionally, the SEC previously issued Accounting Bulletin No. 122 (SAB 122), which rescinded the interpretive guidance regarding the obligations of platform users to protect cryptocurrency assets in Topic 5.FF, emphasizing that entities must disclose risks and obligations related to cryptocurrency asset custody in accordance with existing regulations.