端午假期期间，受美元走弱、地缘冲突加剧和美国关税政策反复等因素影响，外盘贵金属市场率先掀起 一波避险潮。6月3日国内期市开盘后，沪金、沪银延续端午节前的强势表现，其中沪银期货主力合约尤 为亮眼，单日大幅上涨2.85%，至8456元／千克，涨幅显著超越沪金，领涨贵金属板块。 贵金属避险属性凸显 当地时间6月3日，美国白宫发表声明称，美国总统特朗普宣布将进口钢铁和铝及其衍生制品的关税从 25%提高至50%，该关税政策自美国东部时间2025年6月4日凌晨00时01分起生效。欧盟称若谈判未果， 针对美国的反制措施最迟将于7月14日生效；日本则明确表示无意在关税问题上让步；中美贸易摩擦可 能升级，美方指控中方违反日内瓦经贸会谈共识，中国商务部回应称，美方新增AI芯片管制、EDA软 件禁售等措施严重破坏既有协议。 当前，金银比仍维持在100左右的历史高位，反映出相对于黄金价格，白银价格或被显著低估。从资产 配置逻辑来看，避险情绪主导的黄金价格阶段性上涨结束后，资金往往转向估值更低、价格弹性更高的 白银以捕捉补涨机会。美联储政策分歧加剧美元指数波动，芝加哥联储主席古尔斯比暗示15个月内可能 大幅降息，低利率预期进一步推动资 ...

Group 1 - The article discusses the dynamics of the cryptocurrency market, emphasizing the influence of human behavior and capital flow on market trends [3][11] - It highlights the role of ETFs in the recent bull market, suggesting that capital has been positioning itself in anticipation of regulatory changes [3][11] - The performance of Dogecoin (DOGE) is analyzed, noting its reliance on cultural phenomena and the influence of figures like Elon Musk, which may not sustain its value in the long term [5][9] Group 2 - The technological limitations of DOGE are pointed out, with comparisons to other cryptocurrencies like Solana (SOL) and Bitcoin, indicating that DOGE is falling behind in innovation and transaction capacity [7][11] - The article mentions the annual issuance of DOGE, which contributes to its low price and potential devaluation over time, as well as the impact of market sentiment on its trading performance [9][11] - It concludes that DOGE may not be a suitable long-term investment, suggesting that it is more appropriate for speculative trading rather than holding [11][13]

Group 1 - The core issue revolves around a proposed amendment aimed at increasing competition in credit card processing, which could complicate the passage of a stablecoin bill supported by the cryptocurrency industry and former President Trump [1][2] - The amendment, introduced by Republican Senator Roger Marshall and supported by Democratic Senator Dick Durbin, seeks to require large banks to offer multiple payment network options for credit card transactions, potentially lowering transaction fees for merchants [1][2] - Retailers are advocating for the stablecoin bill as a means to bypass high credit card fees, which amounted to over $187 billion for U.S. merchants last year according to Nielsen data [2] Group 2 - Financial institutions, airlines, and other stakeholders are opposing the credit card competition measure, arguing it could reduce their profits and negatively impact consumers by lowering credit card rewards [2][3] - Some Republican senators, including Tom Tillis and Kevin Cramer, have expressed concerns that the credit card provisions could jeopardize the stablecoin bill, with Cramer indicating he would vote against it if the amendment is included [2][3] - Other proposed amendments include a call for an audit of the Federal Reserve and measures aimed at restricting certain cryptocurrency activities, reflecting ongoing tensions between traditional banking interests and the evolving cryptocurrency landscape [3]

唯一能够保持比特币在六月不下跌，只有稳定币法案的通过，可能会造成短期内的上涨。短期想要有大资金的补充，只能靠法案效应的影响，老崔的预估， 六月通过的难度较大，只能看七月能否落地。如果在六月没有实质性资金的补充，大概率还出现以回调为主的行情。而距离舆论效应最接近的反转可能性， 就是老美降息的议会，但也太过于遥远，已经接近六月的中下旬，17-19附近，中途如若没有资金的补充，可能会以回调为主，阴跌将会持续发生。与大家 明确一点，今年不可能出现熊市，一定要不要选择以空为主，后期一旦一单空单做损，不及时撤离很可能会将各位手中的筹码消耗一空。最简单的视角，今 年币圈的大事件，几乎都是自区块链形成以来汇聚资金最多的一次，无论是稳定币发行之后会流入何种市场，还是降息之后的大资金选择，以太都会占据一 定席位，今年确实是最有希望创下历史新高的一次。 天下熙熙，皆为利来；天下攘攘，皆为利往！大家好，我是你们的朋友老崔，专注数字货币行情分析，争取为广大币友传递最有价值的币市信息，欢迎各位 币友的关注与点赞，拒绝任何市场烟雾弹！ 很久没有与大家分析行情走势，今日讲解一下近期的走势，对后期做一个简单的预测。由于五月的走势，似乎让大家提 ...

Investment Rating - The report does not explicitly provide an investment rating for the stablecoin industry, but it highlights significant growth potential and regulatory developments that could influence investment decisions [2][6][21]. Core Insights - Stablecoins serve as a bridge between traditional fiat currencies and blockchain technology, providing value stability and facilitating transactions in the digital asset space [2][5]. - The U.S., Hong Kong, and the EU are actively advancing their respective stablecoin regulations to capture market opportunities, with the U.S. focusing on maintaining the dollar's dominance in the digital economy [2][6][21]. - Stablecoins are primarily used as trading mediums, decentralized finance (DeFi) core assets, new financial infrastructure, and tools for asset allocation and wealth preservation [2][16][20]. Summary by Sections Nature of Stablecoins - Stablecoins are cryptocurrencies designed to maintain value stability by pegging their price to external assets like fiat currencies or commodities [5][7]. - The main types of stablecoins include fiat-collateralized, crypto-collateralized, and algorithmic stablecoins, with fiat-collateralized stablecoins being the most prevalent [7][10]. Regulatory Developments - The U.S. and Hong Kong have introduced stablecoin legislation aimed at enhancing their financial market positions, while the EU is focused on maintaining financial stability within the Eurozone [6][21][25]. - Common regulatory principles include maintaining a 1:1 reserve ratio, high liquidity of reserve assets, and customer protection measures [21][22]. Uses of Stablecoins - Stablecoins are widely used in the crypto market for transactions, providing a stable unit of account and facilitating cross-chain compatibility [16][20]. - In DeFi, stablecoins act as collateral for loans and serve as liquidity pool assets, enhancing the security and efficiency of decentralized financial services [17][18]. Future Trends and Investment Opportunities - The stablecoin market is expected to influence the U.S. Treasury market significantly, with stablecoin issuers becoming major players in short-term government debt [26][27]. - Stablecoins are positioned to reshape the international monetary system, with U.S. dollar stablecoins reinforcing the dollar's global dominance and potential offshore RMB stablecoins promoting RMB internationalization [28][29]. - Investment opportunities exist in stablecoin infrastructure companies and decentralized application service providers, which are essential for the growth of the stablecoin ecosystem [30].

MoneyGram首席执行官：稳定币法案对业务发展来说将会是一次巨大突破。 ...

Group 1 - The U.S. Senate has advanced the "Stablecoin Unified Standards Guarantee Act" (GENIUS) with a vote of 66 in favor and 32 against, marking significant progress for the legislation [1] - The passage of this act is expected to have a profound impact on the stablecoin market, reinforcing the global dominance of the U.S. dollar while limiting the expansion of large tech companies and foreign issuers, particularly Tether [1][2] - The act mandates that all stablecoins must be backed 1:1 by high-quality, low-risk liquid assets, including U.S. Treasury securities, bank deposits, or physical U.S. dollars [2] Group 2 - The revised act prevents large tech companies like Meta, Apple, and Amazon from issuing stablecoins unless they meet strict financial risk, consumer data privacy, and fair business practice requirements [5] - This amendment reflects concerns among Democratic lawmakers regarding tech giants monopolizing financial infrastructure and blurring the lines between banking and commerce [5] - The act also imposes stricter regulations on foreign stablecoin issuers, particularly Tether, placing them under the same regulatory framework as U.S. domestic stablecoin providers [5][6] Group 3 - The legislation explicitly prohibits stablecoins from paying yields or interest, although the market for yield-bearing stablecoins is still growing [6][7] - As of May 21, yield-bearing stablecoins accounted for 2.8% of the stablecoin market, equivalent to $5.9 billion [7] Group 4 - Despite the progress of the legislation, it faces criticism from Democrats due to potential conflicts of interest involving former President Trump and his financial ties to various cryptocurrency projects [8] - The rapid rise of the USD1 stablecoin, which increased from a market cap of $1.28 million on April 28 to over $2 billion in May, has raised concerns about its potential use as a shadow banking tool for political figures [8]

此外，由Vivek Ramaswamy共同创办的Strive Enterprises旗下子公司，正在与纳斯达克上市公司Asset Entities Inc.合并，目标同样是建立比特币储备型企业。Caladan加密做市公司COO Julia Zhou："与以往 的牛市不同，这一轮上涨并非纯粹由市场情绪驱动，而是建立在持续且可量化的供需错配基础之上。" 比特币与其他"山寨币"之间的表现差异正在拉大。截至2025年，比特币年内涨幅达18%，而追踪主流山 寨币的指数则下跌约40%。 Strategy(MSTR.US)的比特币购买也助推了这轮上涨。截至目前，其已经累计持有价值超600亿美元的比 特币。该公司周四再度提交文件，计划通过发行最高21亿美元的10%永续优先股，进一步加仓比特币。 分析师指出，此举展现出机构对比特币的坚定信心。 与此同时，一家由Tether、软银与Cantor Fitzgerald合作发起的新公司Twenty One Capital，也将效仿 Strategy的商业模式，打造"以比特币为核心资产的公司金库(Treasury)"。 比特币价格近日突破111,000美元大关，创下历史新高，市场对加密 ...

订阅数字货币资讯 +订阅 据美国财经媒体Semafor：美国参议员今晚将对推进稳定币法案进行投票 。 ...

在多重因素的影响下，加密货币的价格在2025年一季度迎来剧烈波动，而这也影响了加密货币交易所的业绩情况。 5月8日（美东时间）盘后，美国最大的加密货币交易所Coinbase（COIN.US）披露了2025年第一财季业绩报告，净利润遭遇暴跌。 或是受此影响，Coinbase的股价在盘后一度跌近4%。 Coinbase净利润大降 数据显示，第一财季，Coinbase的营收约为20.3亿美元，同比增长24%，但环比下降约10%，稍弱于预期。 分业务来看，第一财季的交易收入为12.6亿美元，同比增长17%，但环比下降19%，弱于分析师预期，环比下降系加密货币行情波动导致交易量减少。 第一财季，期内订阅与服务收入为7.0亿美元，同比增长37%，环比增长9%。不过，Coinbase预计第二财季的订阅与服务收入将下降至6亿至6.8亿美元，主 要因稳定币营收的连续增长将被资产价格下跌导致的区块链奖励收入下降所抵消。 从各项业务的收入情况来看，受加密货币行情的影响，交易收入环比表现不佳，但第一财季的订阅与服务收入表现不错，增长比较稳健，有助于增加公司 业绩的稳定性。 利润端，第一财季，Coinbase的净利润约为6560.8万 ...