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Bitcoin has reached a new historical high, breaking through the $0.11 million mark, progress has been made in the legislation of stablecoins in the United States, and the Bitcoin conference is about to arrive.
The Bitcoin trend is significantly stronger than that of American stocks and even Gold, benefiting from enthusiastic corporate participation and adoption by Wall Street, with progress in U.S. stablecoin legislation, leading to optimistic expectations among investors regarding U.S. regulatory policies.
MARA Holdings Options Spot-On: On May 21st, 543.15K Contracts Were Traded, With 1.93 Million Open Interest
On May 21st ET, $MARA Holdings(MARA.US)$ had active options trading, with a total trading volume of 543.15K options for the day, of which put options accounted for 25.0% of the total transactions,
Bitcoin's New All-Time High Fuels Marathon Holdings (MARA) Stock: What's Going On?
The legislative progress in Hong Kong, China is urgent for the United States as well, and the backing of stablecoins is the "digital currency minting power."
The rise of stablecoins is becoming a significant trend in the market that cannot be ignored. The United States and several countries and regions in Asia are promoting stablecoin legislation, while the Hong Kong SAR has taken the lead by passing legislation to seize the underlying "digital currency minting rights".
The US stablecoin bill faces doubts: Technology giants becoming "banks", is the financial crisis playing out in slow motion?
Analysis suggests that the bill imposes almost no restrictions on Tech giants like Meta, Amazon, and Alphabet-A issuing their own stablecoins, potentially indirectly empowering them to become shadow banks. Given the scale of these tech giants, if a severe run on stablecoins occurs, the impact would be comparable to the financial crisis of 2008.
Key signals from the investigation of "Satoshi Nakamoto": 80% of Americans support the government converting Gold reserves into Bitcoin!
A survey on the Nakamoto Project shows that 80% of Americans support converting the U.S. gold reserves into Bitcoin, and the revaluation of U.S. gold could bring $820 billion in potential gains for Bitcoin acquisition. #Bitcoin latest news#
