Core Insights - The GENIUS Act is driving unprecedented changes in the traditional banking sector by allowing non-bank entities to hold user deposits in stablecoin form, creating significant opportunities for emerging financial platforms [1][2] - The legislation is dismantling the regulatory barriers that have historically protected traditional banks, enabling a new era where virtually anything can function as a bank, contingent on robust technological support [2][9] Financial Landscape Transformation - Stablecoins are revolutionizing traditional transfer economics, with USDC transfers on platforms like Solana costing less than $0.2, compared to traditional credit card fees of 2.1%-2.4%, which have remained unchanged for a decade [2] - The transparency of digital dollars (stablecoins) surpasses that of traditional finance, as blockchain allows real-time verification of asset movements, including ETF holdings and national Bitcoin reserves [2] Shifts in Cryptocurrency Exchange Dynamics - Recent data indicates a shift in investor preferences among centralized exchanges, with 194,400 ETH flowing into platforms like Binance and Bybit, while Coinbase Pro and Kraken experienced outflows of 218,300 ETH and 57,400 ETH respectively [4] - Traditional financial institutions, such as Mango Financial and RYVYL, are pivoting towards cryptocurrency strategies, validating the immense potential of the cryptocurrency exchange market [4] Regulatory and Technological Developments - The Federal Reserve's decision to eliminate specific regulations on banks' cryptocurrency activities is fostering a more favorable environment for virtual currency exchanges [6] - Innovations in blockchain technology are transforming compliance from a document-heavy process to a real-time system, enhancing regulatory oversight while maintaining user privacy [6] Decentralization and Market Restructuring - The financial technology sector is undergoing profound changes, with traditional banks currently capturing 97% of industry revenue, but this is expected to shift as the GENIUS Act progresses [9] - The market size for blockchain and cryptocurrency services is projected to grow from $17 billion to $65 billion by 2032, with new companies leveraging programming languages like Rust and Solidity poised to emerge as winners [9][10]

今晚吃大瓜了。昨晚就在我发文章的那一阵，国外粗大事了，bybit交易所遭受黑客攻击，损失了价值 14亿美元的资产，这些资产主要是ETH，也就是我常说的二饼，市值仅次于BTC，也是唯二在美股有 ETF的区块链资产。 14亿刀，换算过来就是100亿人民币，这是普通人难以想象的天文数字，100亿的富豪在中国大概是500- 550名的排次，如果你还没感觉，那我告诉你a股将近70%的上市公司市值不到100亿。 那么大一笔钱，一个晚上被偷走了。 bybit是全球大概top5-7的虚拟币交易所，根据公开资产证明它们平台的资产大概是160亿美元，这次被 偷资产占比8.7%。事情曝光后大量恐慌用户提取资产，一天内提走了30亿+美元，bybit紧急从同业那里 拆借了过桥贷款，才勉强扛住挤兑潮。 我看了一些分析，bybit之前每年利润大概就是10-15亿美元，静态看的话差不多就是一年白干，但注意 这是事发之前，被黑客攻击后平台安全形象大跌，大量资产撤离，盈利能力必然大幅下跌，这次14亿的 窟窿可能要填好几年。 …… 写到这我想起在上海的时候去过高丽宫饭店，想起那些热情敬业表演歌舞节目的朝鲜妹妹们，她们大都 来自朝鲜国内政府官员家庭 ...