Author: 行政

XRP’s retreat toward $1 is testing whether one of the cryptocurrency market’s largest tokens can hold a level that has become increasingly important after months of declining prices.Data from CryptoSlate shows that the digital asset fell to $1.02 on Friday, its weakest price since February, as a market-wide selloff prompted traders to reduce exposure to digital assets.XRP recovered slightly afterward, but the rebound did little to dispel concerns that the decline may be entering a more damaging phase.However, these Strains are emerging across several parts of the market. Leveraged positions are disappearing, derivatives activity has contracted, and investors who once…

Congress just blocked the Federal Reserve from issuing a CBDC, and the companies benefiting most are private stablecoin issuers like Circle and Tether.The 21st Century ROAD to Housing Act passed the Senate 85-5 on June 22 and cleared the House 358-32 the next day, and folded inside that housing package is a four-year ban on a Fed-issued central bank digital currency.On the surface, it’s a clean win for crypto, because a government digital dollar would have competed head-on with private dollar tokens, and now it can’t arrive until 2031 at the earliest.But the catch is that the Fed was never…

Stablecoins have rarely had more policy attention than they do in 2026. Lawmakers, payment companies, and crypto firms are treating dollar tokens as infrastructure rather than a side market.However, the most visible demand signals now point the other way.Search volume for “stablecoins” was down 54% month over month in June, based on annualized Google Trends data. At the same time, the aggregate stablecoin market cap was around $313.2 billion on June 27, down about 2.5% over 30 days.The implication is clear: the sector is getting a weaker confirmation from retail curiosity and headline supply growth.That creates a different test from…

All 32 of America’s largest banks made it through the Federal Reserve’s annual stress test on June 24. This year’s scenario was unusually brutal: the Fed asked them to imagine unemployment climbing to 10%, commercial real estate prices falling 39%, home prices dropping 30%, and roughly $708 billion in losses landing across the group all at once, and even with all of that piled on, the banks came out the other side still holding enough capital to keep lending and keep paying their shareholders.Here’s where it gets a little strange, though. For all the attention this exercise tends to draw,…

GnosisDAO’s GIP-151 passed with 215% of the required quorum, 49 votes representing a voting weight roughly 2.15 times the 75,000 GNO minimum threshold.The proposal authorized a one-time pro rata treasury redemption, allowing GNO holders to surrender tokens in exchange for a proportional share of liquid treasury assets. A passed governance vote on a treasury of this size redefines what governance tokens can be used for.Until now, a governance token’s value rested on a stack of soft arguments, such as control over protocol direction, fee switches that might get activated, and treasury grants that might boost network growth.When a DAO can…

The Bank of England has dropped the piece of its stablecoin plan that the industry hated most, the proposed £20,000 limit on how much sterling stablecoin any one person could hold, along with the £10 million ceiling for businesses. In their place, the central bank’s June 22 policy statement set a single £40 billion cap on how much of each systemic sterling stablecoin can exist in the UK, and loosened the reserve rules so issuers can finally earn a decent yield on the money backing their coins.Households and companies can now hold as much of a regulated pound stablecoin as…

The European Union’s Markets in Crypto-Assets (MiCA) has triggered a fight among licensed crypto exchanges to capture users and deposits from platforms that may no longer be allowed to serve the bloc.The new regulation, which is set to take full effect on July 1, hardens the line between firms with bloc-wide authorization and those still operating under legacy national regimes.Exchanges without approval face restrictions on serving customers, forcing users to decide whether to move assets to licensed platforms, withdraw to self-custody, or wait for wind-down instructions.As a result, several licensed crypto trading platforms are scrambling to turn that uncertainty into growth…

Over the past six weeks, investors have pulled roughly $5.94 billion from US spot Bitcoin ETFs, marking the longest unbroken run of weekly outflows since these funds first opened for business in 2024. Galaxy Research puts the worst 30-day stretch at $6.35 billion through June 20.Bitcoin has been sliding right alongside those redemptions, and after a hot inflation print on Thursday, it dropped to a 21-month low near $58,000 before steadying around $59,000, which leaves it roughly 53% below the $126,080 record it set last October.Despite the enormous outflows, the thing to pay attention to isn’t the selling itself, but…

Four long-dormant Ethereum wallets have turned ETH’s latest drawdown into a cleaner test of buyer conviction.The wallets received 37,602 ETH about eight years ago and have remained quiet amid much larger unrealized gains. They have now moved 33,623 ETH, worth roughly $52.5 million, according to Lookonchain, at an average price of around $1,560. ETH was trading near $1,575 at the time.The sale puts a sharper edge on Ethereum’s weakness. Long-term holders who sat through prior bull-market exits are now supplying the market at levels well below peak-cycle prices, which shifts the question from whale behavior to absorption. ETH’s next recovery needs…

Bitcoin is trading just above $60,000 right now, and the network’s estimated all-in cost to produce a single coin is near $84,300, so the gap between the two is roughly a quarter, leaving mining underwater on a full-cost basis across much of the network.For years, the assumption was that this simply couldn’t happen, that production cost set a hard floor under the price, the thinking being that Bitcoin miners would switch off and the market would catch itself well before Bitcoin price fell that far below what it costs to make a coin. And yet the price has now spent…