每经AI快讯，10月27日，以太坊升破4100美元，日内涨4.89%。 ...

Core Viewpoint - The international monetary system is undergoing significant changes, with increasing skepticism about the dollar's safe-haven status and a shift towards a more diversified cross-border payment system [1][5]. Group 1: International Monetary System Changes - Barry Eichengreen emphasizes that the international monetary system will continue to evolve, moving towards a more digital direction [1]. - The dollar's status as a safe haven is being questioned due to U.S. government actions, potentially accelerating the process of "de-dollarization" [1][5]. - The share of the U.S. dollar in global foreign exchange reserves has decreased from over 70% at the beginning of the century to just below 60% currently [4]. Group 2: U.S. Federal Reserve and Inflation - Eichengreen notes that the Federal Reserve has a dual mandate to maintain low and stable inflation and high employment, with current inflation at 2.9% year-on-year as of August [2]. - Concerns are raised about the potential for inflation to remain above 2%, which may lead the Federal Reserve to reconsider its interest rate policies [2][3]. Group 3: Impact of Government Policies - The independence of the Federal Reserve is deemed crucial, with current government actions posing risks to price stability and the dollar's safe-haven status [3]. - The volatility in the U.S. Treasury market is attributed to government policies, particularly the imposition of tariffs, which have led to a significant increase in bond yields [3]. Group 4: Cryptocurrency and Digital Payments - Eichengreen discusses the varying impacts of cryptocurrencies on the international monetary system, noting that stablecoins may play a role in future cross-border payments [6]. - The development of a robust regulatory framework for cryptocurrencies is considered essential to mitigate risks associated with unregulated markets [7]. Group 5: Renminbi Internationalization - The approach taken by Chinese authorities to promote the internationalization of the renminbi is viewed as correct, focusing initially on cross-border trade settlements and building a global clearing system [8]. - Future efforts should continue to be cautious and patient, as the internationalization of the renminbi is a gradual process [8].

Bitcoin climbed above $113,000 in late Asian hours Sunday, its highest in nearly two weeks, as traders welcomed signs of progress in US–China trade talks that eased fears of another tariff spiral. Top negotiators from both nations said they had reached a “preliminary consensus” on several contentious issues — including export controls, fentanyl, and shipping levies — while US Treasury Secretary Scott Bessent told CBS that President Donald Trump’s threat of 100% tariffs on Chinese goods is “effectively off ...

每经AI快讯，10月26日，比特币升破112000美元，日内涨0.35%。 ...

新主席的加密货币愿景 作为即将上任的CFTC掌门人，Michael Selig的表态直接呼应了特朗普政府的政策目标。他在社交平台X 的帖子中承诺，将"不懈努力，促进运作良好的商品市场，推动自由、竞争和创新"。 Selig的专业背景强化了市场的积极预期。他自2025年3月起在CFTC任职，此前曾与美国证券交易委员 会(SEC)主席Paul Atkins共事，并曾在国际律师事务所Willkie Farr & Gallagher担任合伙人。据彭博社报 道，Selig的提名获得了白宫内部加密货币支持者的强力推动。 特朗普政府已将支持加密货币发展作为其议程的一部分，兑现其竞选时做出的承诺。 美国总统特朗普选择了一位加密货币领域的资深人士来领导关键的金融衍生品监管机构，此举是他推动 将美国打造为全球数字资产中心计划的最新一步。 本周六据媒体报道，白宫及被提名者本人证实，特朗普已提名Michael Selig担任美国商品期货交易委员 会(CFTC)主席。Selig目前是CFTC加密货币工作组的首席法律顾问，这一任命被视为数字资产行业的一 大胜利。 Selig在社交平台X上明确表态，他将致力于"帮助总统将美国打造为世界加密货 ...

Core Viewpoint - The nomination of Michael Selig as the chairman of the Commodity Futures Trading Commission (CFTC) is a significant step in President Trump's plan to establish the U.S. as a global hub for digital assets, marking a shift towards a more favorable regulatory environment for the cryptocurrency industry [1][2]. Group 1: Appointment and Implications - Michael Selig, currently the chief legal advisor for the CFTC's cryptocurrency working group, has been nominated to lead the CFTC, which is seen as a victory for the digital asset industry [1]. - Selig has expressed his commitment to help the President make the U.S. the world capital of cryptocurrency, indicating a proactive approach to modernizing regulations to enhance competitiveness in the digital asset space [1][2]. - The Trump administration is actively reshaping the regulatory landscape for digital assets, with Selig's appointment expected to provide clearer guidance for cryptocurrency companies and investors seeking compliance [1][2]. Group 2: Legislative Support - Selig's vision aligns with the Trump administration's agenda to support cryptocurrency development, as evidenced by the passage of the GENIUS Act and the CLARITY Act, which aim to establish a regulatory framework for digital assets [2]. - These legislative efforts, combined with Selig's stance, suggest a regulatory shift from repression to guidance and normalization, which is favorable for the growth of the digital asset industry [2]. Group 3: Industry Influence and Background - The appointment process faced challenges, including the initial nomination of Brian Quintenz, which was stalled due to opposition from industry figures, highlighting the growing influence of cryptocurrency leaders in Washington [3]. - Trump's family has shown a strong interest in cryptocurrency, indicating that digital assets are a recurring theme in their business endeavors [3].

赵长鹏在赦免后数小时就从飞机上发回感谢信，直言 "要帮美国成为加密货币之都"，这番话让币安原生代币 BNB 一度飙升 8%，更暴露了这家全球最大加 密交易所重夺美国市场的野心 。 硬币的另一面，是不足 1% 的美国市场份额、Coinbase 的强势阻拦，还有白宫深陷的 "利益冲突" 质疑，币安的美国之路能走通吗？ 当地时间周四，特朗普正式赦免赵长鹏，距离后者因承认未能阻止洗钱、辞去币安 CEO 已过去近两年。 赦免刚落地，赵长鹏就在社交平台 X 发声，一边感谢特朗普 "维护公平与创新"，一边抛出重磅目标："竭尽所能推动美国成为加密货币之都"。 这不是空喊口号，行业律师直接点破："赦免让赵长鹏能重新深度参与币安及其子公司业务"，等于给币安的美国布局松了绑。 币安也有杀手锏，激进的定价策略、深厚的流动性，还有全面的衍生品服务。数字资产投资官直言："一旦币安整合美国业务，凭借技术和费用优势，会成 为美国加密市场的强力竞争者"。 币安已在酝酿战略，要么把 Binance.US 整合进全球生态，要么让全球交易所直接进军美国。10x ResearchCEO Markus Thielen 点出关键："这轮加密周期由 美国机 ...

Core Viewpoint - The recent pardon granted by Trump to Zhao Changpeng has cleared legal obstacles for Binance, allowing Zhao to actively participate in the company's operations and pursue ambitions to make the U.S. a hub for cryptocurrency [1][3][5]. Group 1: Impact of the Pardon - Trump's pardon enables Zhao Changpeng to re-engage with Binance and its subsidiaries, potentially facilitating the integration of Binance.US into the global operations of Binance [5][9]. - The pardon is seen as a significant step towards overcoming regulatory challenges in the U.S. market, where Binance's U.S. branch currently operates with limited scope [5][6]. - Following the news of the pardon, Binance's native token BNB experienced an 8% surge, indicating positive market sentiment [3]. Group 2: Market Position and Challenges - Binance processes nearly 50% of global Bitcoin transactions, while Binance.US holds less than 1% market share in the U.S., highlighting the challenges it faces against competitors like Coinbase [6]. - Coinbase is recognized for its first-mover advantage and trustworthiness in the U.S. market, making it a formidable competitor for Binance [6]. - Despite Binance's aggressive pricing strategies, it has faced technical issues during recent market sell-offs, leading to significant forced liquidations [6]. Group 3: Zhao Changpeng's Global Strategy - Since his release in September 2024, Zhao has been actively building political capital and engaging with leaders in various countries to promote cryptocurrency [7]. - Zhao's recent changes to his personal profile suggest a potential return to a leadership role within Binance, although opinions vary on whether he will resume the CEO position [8]. - The pardon not only impacts the U.S. market but also opens new avenues for Binance's global expansion, particularly in regions with stringent ownership eligibility tests [8][9].

10.26早复盘【半夜新币】$恶俗企鹅 0xe1e93e92c0c2aff2dc4d7d4a8b250d973cad4444叙事：抖音热门企鹅表情包价格：开盘一路上涨，最高2.5M，当前1.6M$kanro 0xe7c0954c0868e5fe57f65f1fac181c3f3b5cf61d叙事：Kanro由v神于2023年创立，是一家以加密货币为动力的研究慈善机构。$kanro已向该机构捐款20ETH。推特@KANRO_ETH价格：开盘横盘段时间后拉到最高1.9M，目前已经下跌，当前市值1.5M【次新币】$福幂幂 0x44449691728c181dbdd9c7c75d933b2a23242f3b叙事：网友给https://t.co/kA7pby3Oyx起的中文名字，目前在投票中排第一价格：从昨天18:00开始暴涨，目前已经拉到新高1.4M$give 0x7cFeE245053cf4474B277Dd036B89dc905a74368叙事：base上的慈善叙事价格：最高7.7M，目前已经下跌，当前1.8M$opan 3Ydb2n8vAFdBJYpdiZEoDxRXLmiGDY1fuizVmMPMpump叙事 ...

Core Insights - The article discusses the rapid expansion of stablecoins and their profound impact on the international monetary system, emphasizing the need for regulatory frameworks and reforms to address structural changes in the currency circulation domain [2][3][4]. Group 1: Overview of Stablecoins - Stablecoins are a significant innovation in the cryptocurrency sector, effectively addressing the high volatility issues prevalent in the cryptocurrency market by anchoring to fiat currencies or other assets [3][4]. - The market value of stablecoins has surged from under $2 billion in October 2017 to nearly $170 billion by October 2024, with a notable increase in transaction volumes during 2020 and 2021 [13][14]. - USDT, as the leading stablecoin, holds approximately two-thirds of the market share, followed by USDC and DAI, highlighting the dominance of dollar-pegged stablecoins [13][14]. Group 2: Impact on International Monetary System - Stablecoins enhance the efficiency of cross-border payments and may replace some functions of traditional reserve currencies under specific conditions, posing challenges to the existing payment ecosystem [4][5]. - The reliance on stablecoins, particularly those pegged to the US dollar, may lead to increased dollarization in smaller economies, threatening the sovereignty of local currencies [4][5][6]. - The cross-border nature and technological complexity of stablecoins present significant challenges for international regulation, including jurisdictional issues and compliance risks [4][5][6]. Group 3: Theoretical Framework and Analysis - The article introduces the concept of "currency circulation domain" to analyze the relationship between stablecoins and the international monetary system, focusing on spatial, institutional, and functional dimensions [5][19]. - The analysis reveals that the expansion of stablecoins is driven by the dysfunction of the current international monetary system, creating a demand for new tools and institutions [19][20]. - The emergence of stablecoins has blurred the boundaries of traditional currency circulation, particularly as they are increasingly adopted by traditional payment systems [30][31]. Group 4: Regulatory and Policy Recommendations - The article calls for enhanced regulatory measures and international cooperation to address the challenges posed by stablecoins, particularly in the context of their rapid growth and impact on monetary sovereignty [4][5][6]. - Specific policy suggestions are provided to strengthen the regulatory framework for stablecoins and reform the international monetary system to better accommodate the changes brought about by digital currencies [5][6].