BiyaPay Analyst: Stablecoin is an important branch of cryptocurrency, with the US dollar previously pegged to gold
July 4th: As a crucial branch of cryptocurrency, stablecoins have long been regarded as a "stable" payment tool. However, their nature is not completely as "stable" as their name implies. The Hong Kong dollar maintains a stable exchange rate through the Hong Kong Linked Exchange Rate System. Meanwhile, during the Bretton Woods system era, the US dollar was also a "quasi-stablecoin" pegged to gold until it was unpegged from gold in 1971 and became a freely floating currency based on market supply and demand.
Stablecoins are typically backed by traditional currencies or assets such as the US dollar or US Treasury bonds. On May 20th, the US Senate passed the "Genomic Stablecoin Unified Standards Act" (GENIUS), which marks a significant breakthrough in the regulation of stablecoins in the United States. Similarly, Hong Kong has also proposed a Stablecoin Bill to regulate the issuance of fiat-backed stablecoins. The emergence of stablecoins is not only an upgrade in financial technology bu
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Today the third dormant Bitcoin whale address, inactive for over 14 years, was activated, with a value of approximately $1.092 billion.
On July 4th, as monitored by Whale Alert, just 5 minutes ago, an address holding 10,000 BTC (approximately $10.92 billion) was activated after being dormant for 14.2 years. The value of these BTC was only $34,023 when they were sent to the address in 2011.
It is worthy of note that this is the third super dormant address to be activated today. All three addresses contain 10,000 BTC each, and the previous two addresses belong to the same OG whale.
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Russian company Rostec will launch the Ruble stablecoin RUBx and the payment platform RT-Pay.
July 4th: As per TASS, the core enterprise within the Russian military-industrial complex, Rostec, declared that it is set to launch a stablecoin named RUBx which is pegged at a 1:1 ratio to the ruble on the Tron blockchain, along with the RT-Pay payment platform. Rostec will act as the sole issuer and operator of RUBx and maintain its pegged value through a legally mandated "Ruble Actual Debt." The RT-Pay system will be directly linked to the Russian banking settlement network, facilitating real-time transfers for businesses and individuals as well as enabling smart contract fund locking.
The RUBx stablecoin and RT-Pay payment platform project code will be made available on GitHub and undergo a security audit by CertiK. Meanwhile, the Russian Central Bank is also conducting a pilot for the digital ruble, having recently permitted financial institutions to offer relevant products to qualified investors.
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Justin Sun Returns to Asia Weekly Cover After Fourteen Years, States Bitcoin Will Challenge US Dollar's Reserve Currency Status
On July 4th, Justin Sun once again appeared on the cover of "Asia Weekly" after fourteen years and granted it an exclusive interview. During the interview, Justin Sun claimed that Bitcoin has the potential to challenge the US dollar's status as the global reserve currency in the next decade. Core technologies in stablecoins and cross-border payments, the integration of AI and blockchain, and cross-chain interoperability will be widely promoted or adopted.
Before this, Justin Sun appeared on the cover of "Asia Weekly" in 2011 and attracted attention as a young entrepreneur and an early Bitcoin investor.
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Bitunix Analyst: Trump's Tariff Pressure Intensifies, Causing Cryptocurrency Market Volatility, Focus on Short-Term Support at 108,000 and Resistance at 110,348
July 4th: President Trump of the US stated that he will announce new tariffs on trading partners as early as Friday in order to intensify pressure before the negotiations on July 9th. This action indicates a potential new round of escalation in the US's global tariff policy. The market is worried about the further deterioration of global trade and its impact on economic prospects. The US dollar is fluctuating, and the safe-haven asset gold has shown short-term strength.
The Bitcoin price is currently in a state of consolidation around 108,849, restricted by the previous high pressure at 110,348, with a large number of short liquidation points concentrated in that area. Although the price has broken through the downtrend line, it is facing resistance in the pressure zone. If it falls below 108,000 in the short term, it will return to the area of supply and demand imbalance.
Bitunix analyst's recommendation: Currently, BTC is at a crucial turning point. If it remains above 108,000, it
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Survey: 73% of Cryptocurrency Investors Approve of Trump's Digital Asset Policy
July 4th. As per CryptoinAmerica, a poll conducted by research firm HarrisX reveals that cryptocurrency investors generally approve of the digital asset policy of the Trump administration. The survey indicates that investors are well informed about Trump's cryptocurrency policy: 81% of the respondents claimed to be familiar with it, and 73% expressed approval. This is the highest level of support among all the surveyed topics (including immigration, government spending, and "returning American values"). On cryptocurrency policy, Trump has a net approval rating of +56 percentage points, compared to +48 percentage points or lower on other key topics.
71% of the surveyed cryptocurrency investors state that Trump's policy has had a positive impact on cryptocurrency investments. This view is shared by nearly half of retail investors. 64% of cryptocurrency investors say that Trump's policy makes them more likely to purchase cryptocurrency, and this sentiment is echoed by 40% of traditional
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