1. Not Just Stablecoins: Reasons to Be Optimistic About Ethereum

Global demand for the US dollar has not only not decreased but has grown explosively. Despite news headlines focusing on "de-dollarization," a more important trend is emerging: over 4 billion people and millions of businesses are actively seeking to obtain US dollars through stablecoins, representing the largest expansion of the US dollar network effect in decades.Click to Read

2. BTC Breaks $112,000 and Sets New High: What Are the Positive Factors? Is the Main Upward Wave Coming?

While the financial market is generally focused on the Federal Reserve's policy direction, Bitcoin suddenly gained momentum early this morning, continuously breaking through the $110,000 mark and the May 22nd high, reaching a peak of $112,009 (CMC data shows $111,925.38), with a 3.1% increase, bringing its cumulative gain this year to nearly 20%. This Bitcoin rally has also driven the rise of almost the entire cryptocurrency market.Click to Read

3. Focus on the CLARITY Act: Comprehensive Analysis of Its Content, Significance, and Industry Evaluation

Recently, the US House of Representatives is reviewing the Digital Asset Market Clarity Act (CLARITY Act). Based on the 21st Century Financial Innovation and Technology Act, it is a market structure bill. Senator Elizabeth Warren warns that the bill might allow non-crypto companies to circumvent SEC regulation through asset tokenization. According to this House bill, listed companies like Meta or Tesla could completely escape SEC oversight by simply placing their stocks on the blockchain.Click to Read

4. Pump.fun Token Issuance: Opportunity or Harvest?

On July 12th, Pump fun's token Pump will be publicly offered. This offering is in collaboration with several second-tier exchanges such as Kucoin, Bitget, and MEXC. The total PUMP supply is 1 trillion tokens, with 33% issued in ICO at a price of 0.004U. This includes public fundraising of $600 million on exchanges and private placement of $700 million worth of tokens to institutions.Click to Read

5. Stablecoin Redemption and Centralized Arbitrage

Fiat-backed stablecoins are blockchain assets whose value is claimed to be stable at $1. This price stability is achieved by promising to support each stablecoin token with at least $1 worth of dollar-denominated assets (such as bank deposits, government bonds, corporate bonds, and loans). The market value of the six major US dollar-backed stablecoins has grown from $5.6 billion in early 2020 to over $130 billion in early 2022. Stablecoins could potentially become a widely accepted payment method, competing with fiat currency and bank deposits, which has sparked active discussions about how to mitigate potential risks to financial stability and what the optimal regulatory framework should be.Click to Read