文/刘思嘉 "币圈"再度掀起波澜。 近一个月， 中美两国相继在稳定币领域迈出立法关键步伐，这 不 仅在加密货币市场激起千层浪， 更被视为两国在金融话语权争夺上的重要落子。 与此同时，资本市场对这一动态反应敏锐，稳定币概念股持续躁动，成交活跃度显著攀升， 近日， 稳定币概念股在盘中表现亮眼，多只个股涨幅超过5% 。 在稳定币活跃"出圈" 的背后， 实则暗藏着金融 话语权 的激烈角逐 。 有 学者指出， 对稳定币立 法 实际上是两国将现代数字科技深度融入货币领域，试图借此强化本币地位，为不断攀升的国家债 务寻找新的需求支撑。 01 稳定币监管迈向体系化 近期， "币圈"接连迎来重磅消息， 中美两国在稳定币立法领域动作频频，释放出监管趋严信号。 5月19日，美国参议院通过《GENIUS 法案》， 该法案 规定，只有联邦或州批准的机构可发行稳定 币，发行方需为每发行1美元稳定币持有至少1美元的合规储备，且储备资产必须为美元、银行活期 存款、短期美债等高流动性资产。 面对美国的货币立法举措，中国香港地区迅速作出回应。5月21日，香港立法会已三读通过《稳定币 条例草案》。根据新规，合规的香港稳定币有望在今年年底前正式推出 ...

智通财经APP获悉，以色列于6月13日清晨对伊朗核设施及弹道导弹基地发动突袭，伊朗伊斯兰革命卫 队指挥官侯赛因・萨拉米在袭击中身亡，德黑兰随即誓言对以政府及美国实施"严厉打击"。这场突如其 来的中东危机迅速穿透地缘边界，在全球资本市场掀起剧烈震荡——布伦特原油期货单日飙升超13%， 加密货币与全球股市集体下挫，黄金等避险资产应声暴涨，能源与金融市场的连锁反应正持续发酵。 亚洲市场方面，港股成为地缘风险的直接冲击对象。恒生指数当日低开后震荡下挫，最终收跌0.59%报 23892.56点，恒生科技指数跌幅扩大至1.72%，科技股全线疲软，阿里巴巴等龙头跌幅超1%。不过，能 源与黄金板块逆势走强，中海油、中石油涨超2%，赤峰黄金飙升10%，山东墨龙因油气设备订单预期 激增一度暴涨160%。 军贸市场需求隐现增量中东采购格局受关注 南向资金逆势净买入39.97亿港元，显示内地资金对港股优质资产的长期配置信心。有专家早评指出， 地缘风险对港股的冲击呈现结构性特征：依赖中东供应链的航运股承压，而油气开采、黄金等防御性板 块成为资金避风港。 能源动脉受冲击油价上演"地缘惊魂跳" 作为承载全球20%原油流量的霍尔木兹海峡，其 ...

Core Viewpoint - The successful IPO of Circle is seen as a pivotal moment for the cryptocurrency industry, potentially marking 2025 as the year of crypto IPOs, as it opens the door for other digital asset companies to pursue public listings [2][3]. Group 1: Market Dynamics - Following Circle's IPO, several cryptocurrency firms, including Bullish and Gemini, have initiated their own IPO plans, indicating a shift in the relationship between digital assets and traditional financial markets [2][3]. - Bullish, a subsidiary of Block.one, has submitted an IPO application and has a significant trading volume in USDC, which is a stablecoin issued by Circle [3]. - Gemini has also filed for an IPO with the SEC, supported by the resolution of regulatory investigations, which may facilitate its listing on the NYSE [4]. Group 2: Financing Needs - The primary motivation for cryptocurrency companies to pursue IPOs is the need for capital to support operations, including investments in mining equipment, security, and compliance systems [4][5]. - Companies like Galaxy Digital and American Bitcoin are looking to alleviate financial pressures and expand operations through public listings or private placements [4]. Group 3: Challenges and Regulatory Environment - Despite the IPO enthusiasm, cryptocurrency firms face significant challenges, including unstable revenue structures and regulatory scrutiny from the SEC, which complicates the IPO process [5][6]. - The regulatory landscape has been a barrier for many digital asset companies, but recent changes, including the establishment of a dedicated SEC review team for digital assets, have provided a more favorable environment for IPOs [6][7]. Group 4: Mergers and Acquisitions - Alongside the IPO trend, there has been a surge in mergers and acquisitions within the cryptocurrency sector, with over 40 deals reported this year, indicating a consolidation phase in the market [7][8]. - Major acquisitions include Kraken's $1.5 billion purchase of Ninja Trader and Ripple's $1.25 billion acquisition of Hidden Road, reflecting the growing interest in integrating traditional financial services with cryptocurrency operations [7]. Group 5: Future Outlook - The cryptocurrency industry is at a critical juncture, transitioning from a niche market to mainstream acceptance, with both opportunities and risks magnified during this transformation [9]. - The ongoing evolution of regulatory frameworks, such as the GENIUS Act in the U.S. and the Stablecoin Regulation in Hong Kong, aims to create a more structured environment for digital assets, although challenges remain due to fragmented global regulations [9].

Group 1 - The global cryptocurrency market recently experienced a significant drop of 5.66%, with Bitcoin's price falling from nearly $109,000 to $104,000, reflecting a 3.6% decline within 24 hours. Other major cryptocurrencies like Ethereum, XRP, and Solana also saw declines ranging from 6% to 15% [2] - The primary catalyst for the market downturn was the shattered expectations regarding the Federal Reserve's interest rate cuts, as recent data indicated higher-than-expected core CPI and rising PPI, leading to a 97.4% probability that the Fed would not cut rates this month [3] - The outflow of funds from Bitcoin ETFs added to market pressure, with a net outflow of $202 million on June 12, including $197 million from Fidelity's ETF and over $10 million from ARK Invest's ETF [4] Group 2 - High-leverage traders were particularly affected by the market crash, with approximately 247,000 traders being liquidated, totaling $1.15 billion. A notable liquidation involved a $201 million long position on Binance, raising concerns about further sell-offs if Bitcoin's price drops to $95,800 [5] - Technical indicators suggest that Bitcoin faced resistance around $106,000 and may drop to $102,000 if it fails to hold the $104,000 support level, indicating potential market uncertainty [6] - The altcoin market also suffered, with Ethereum dropping over 9.29% to around $2,508, and other cryptocurrencies like XRP and Solana experiencing significant declines. The altcoin quarterly index fell to 16, indicating Bitcoin's continued dominance and a lack of recovery signs for altcoins in the short term [7] Group 3 - The recent cryptocurrency market crash is attributed to the combination of failed Fed rate cut expectations, ETF fund outflows, and leverage liquidations. Market indicators and sentiment suggest that the market may continue to face pressure in the short term [8]

Group 1 - The upcoming Federal Reserve meeting is expected to have significant implications for market trends, particularly regarding interest rate decisions and the release of the dot plot, which indicates future rate expectations [1][5] - There is a strong belief that the Federal Reserve will not lower interest rates in the near term, with expectations leaning towards no rate cuts in July, which could be perceived as a slight negative for the market [3][5] - Analysts predict that inflation in the U.S. may rise in the coming months, potentially reaching 4% to 5%, which could delay any interest rate cuts until the end of the year [6][8] Group 2 - The relationship between the cryptocurrency market and the stock market is highlighted, indicating that a downturn in the stock market could negatively impact Bitcoin prices [8] - Significant selling activity has been observed from major Bitcoin holders, suggesting a lack of confidence in the current price levels and indicating that retail investors may be buying at high prices [8][19] - The current market conditions show a divergence in Bitcoin's price movements, with a notable increase in the spot premium index, indicating a complex trading environment [18][20] Group 3 - Ethereum is also experiencing market volatility, with a confirmed false breakout pattern, suggesting that traders should be cautious and wait for key price levels before entering positions [16][22] - The focus for Ethereum trading is on the lower boundary of the price range, with potential entry points identified around 2300-2380 [16][22] - Upcoming economic data, such as the Michigan Consumer Sentiment Index and inflation expectations, are crucial for understanding the broader economic landscape and potential impacts on the Federal Reserve's decisions [22]

加密货币市场，迎来一则重大利空消息！ 6月13日，以色列对伊朗发动空袭。据悉，以军对伊朗的打击会"持续多日"。目前，以色列已关闭领空，禁止任何航班进出。以色列国防军称，正准备应对伊朗的猛 烈回击。另据最新消息，伊朗宣布关闭该国领空，直至另行通知。 当地时间13日，伊朗武装部队发言人称，以色列将付出"沉重代价"。 地缘政治风险，是加密货币面临的重要风险之一。以色列和伊朗的冲突，给全球市场带来了不确定性，投资者纷纷撤出高风险资产， 以比特币为首的加密货币集体 跳水，截至券商中国记者发稿，比特币跌近5%，以太坊、艾达币、Solana等跌超10%。Coinglass数据显示，刚刚过去的24小时内，加密货币市场全网合约爆仓超11 亿美元，爆仓人数达到24万人，其中超九成为多单爆仓。 此外，美股股指期货也大幅下挫，纳指期货盘中一度跌超2%。截至发稿时，纳指期货跌1.73%，标普500指数期货跌1.67%，道指期货一度跌1.52%。 加密货币跳水，24万人爆仓 6月13日，加密货币市场遭遇了一波抛售潮，比特币价格从10.84万美元的高位，一度杀跌至10.27万美元；以太坊则从2640美元，最低跌至2458美元。 截至券商中 ...

据了解，当地媒体称，伊朗首都德黑兰凌晨传出爆炸声响。以色列国防部长以色列.卡茨表示，由于以 色列对伊朗发动"先发制人的突然打击"，他已宣布以色列全国进入特别紧急状态，并称以色列预计将遭 伊朗无人机与导弹的报复性袭击。 "加密市场与其他主要风险资产同步下行，对以色列打击伊朗的消息作出负面反应，"加密衍生品流动性 提供商Orbit Markets联合创始人卡罗琳.莫隆表示。"我们预计比特币价格在101,000美元附近有技术支 撑，但短期价格走势将全面由地缘政治消息主导。" 6 月13日，以色列空袭伊朗被官方称作"先发制人行动"。以方表示情报显示伊朗已接近制造核武的临界 点，且近期在核设施和导弹部署上"加速"，因此决意出手;这一举动也与去年至今双方互袭、伊朗持续扶 持地区代理人以及美国对伊朗核谈判陷入僵局等背景交织在一起。分析人士普遍认为，以方借此破坏伊 朗核与导弹制造发射能力、威慑伊朗及其代理人，并向国内外展示强硬姿态，但行动能否"可控"仍取决 于德黑兰后续反应。 以国防部长以色列.卡茨称情报显示伊朗已囤积足够高丰度铀，可在"数日内"组装多枚核弹，"行动旨在 阻止伊朗跨越核门槛";以军将此次打击命名为"狮子的力量 ...

Group 1 - Anthony Pompliano, a well-known figure in the cryptocurrency space, is in talks to become the CEO of ProCapBTC [1] - The company is seeking to raise $750 million as part of a merger with a blank check company to form a new cryptocurrency entity [1]

Market Overview - The stablecoin market has seen significant growth since 2020, with a current market capitalization of nearly $245 billion, representing about 7% of the total cryptocurrency market valued at approximately $3.4 trillion[15][18]. - Over 99% of stablecoins are pegged to the US dollar, with USDT and USDC dominating the market, accounting for 62.8% and 25.5% of the total stablecoin market capitalization, respectively[18][22]. Drivers of Growth - The growth of stablecoins is driven by their advantages in payment settlements, including efficiency, cost savings, and risk mitigation compared to traditional fiat currencies and other cryptocurrencies[15][22]. - Increased geopolitical risks and economic instability in emerging markets have created a demand for stablecoins as alternative currencies, with countries like Turkey seeing stablecoin purchases amounting to nearly 4% of their GDP[30][32]. Regulatory Developments - The passage of the "GENIUS Act" in the US marks a significant step towards establishing a regulatory framework for stablecoins, which is expected to enhance market development and attract more foreign investment[6][22][35]. - The act requires stablecoin issuers to maintain a 1:1 reserve of compliant assets for every stablecoin issued, which is crucial for maintaining trust and stability in the market[38][41]. Impact on Global Currency and Assets - Stablecoins are expected to strengthen the US dollar's dominance in the global monetary system, potentially challenging the effectiveness of monetary policy in countries with unstable currencies[41][43]. - While the expansion of the stablecoin market may increase demand for US Treasury bonds, its overall impact on short-term bonds is limited, and it does not alleviate the pressure on long-term bonds due to persistent fiscal deficits[45][48]. Risks and Challenges - The ongoing uncertainty regarding cryptocurrency regulations in regions like mainland China poses risks to the stablecoin market's growth and adoption[50]. - The reliance of stablecoins on the US dollar's credit may not be sufficient to counteract the potential damage to dollar credibility amid global de-dollarization trends[32][49].

稳定币全球正在逐步合法化，跟普通人有多大关系。 最近全球都在热议稳定币的话题，乐观者认为稳定币会显著带来加密货币的繁荣，虽然现在市值只有两三千亿美元，但未来是不可限量的，传统货币支付 体系将很快成为过去式。5月23日美国财长贝森特在接受媒体采访时直言不讳："稳定币在短期内可以增加2万亿美元的国债、短期国库券的需求，作为参 照，目前这个数字大约为3000亿美元。" 随之而来的，稳定币化美债，新的"布雷顿森林体系"正在形成，货币战争再一次开启等等说法开始流传，这些说法真的靠谱吗？在这之前，我们先来看看 什么是稳定币。 什么是稳定币 在回答这些问题之前，我们需要先搞明白什么是稳定币。 稳定币和比特币等加密货币同为区块链数字货币，因而有三个相同点：虚拟资产、私密性、可去中心化。稳定币和比特币最大的不同点，在于发行时是否 锚定特定资产，主要是美元和以美元计价的资产，最终的结果是二者币值稳定性显著不同。而比特币价格由于无锚定物天然有波动。 稳定币的发展可大致划分为四个阶段，2018年以前，2019-2021年，2022-2023年，2024年至今。萌芽阶段（2018年以前）：刚刚兴起阶段，稳定币价格上 涨幅度有限。最早一 ...