Weekly highlights: US Senate passes GENIUS stablecoin bill; Middle East situation escalates, altcoins fall sharply

  • US Senate passes GENIUS stablecoin bill, accelerating mainstream institutional adoption of stablecoins, while Middle East tensions escalate, triggering market risk aversion and a sharp decline in altcoins.
  • Bitcoin's role evolves as long-term holders and institutional investors increase, shifting it from speculative asset to a liquidity hedge tool.
  • 30 US-listed companies now hold crypto reserves, with small/mid-cap firms leading the trend; average stock prices surged 438%.
  • Arthur Hayes predicts Bitcoin at $250K by 2025, but warns most altcoins are overvalued and unlikely to recover.
  • Stablecoin competition heats up: JPMorgan launches "JPMD" deposit token, while Stripe, Shopify, and Ant Group vie for infrastructure dominance.
  • Crypto IPO wave grows as Circle’s stock soars; 13 crypto firms eye Wall Street listings amid favorable US regulations.
  • AI developments: Sam Altman claims humanity has reached the AI "singularity"; a16z-backed projects like PrismaX and Yupp innovate in decentralized AI training and evaluation.
  • DeFi and Web3 opportunities: SEC’s positive signals highlight DeFi sectors to watch; EigenCloud bridges Web2 and Web3 with $70M funding.
  • Controversies and scams: Binance Alpha’s arbitrage bonuses fade, while KOL James Wynn’s "loss" is exposed as a profit scheme via on-chain data.
  • Regulatory and security updates: China explores offshore crypto asset disposal; Bank of America calls Bitcoin a top disruptive innovation; Tron considers IPO after US probe suspension.

(Key themes: institutional crypto adoption, geopolitical market impacts, AI/crypto convergence, and regulatory shifts.)

Summary

PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.

Macro perspective

As the situation in the Middle East worsens, is Bitcoin gradually becoming desensitized?

The increase in the proportion of long-term holders and the participation of institutional investors have transformed it from a speculative asset to a liquidity hedging tool.

30 US listed companies followed the "micro-strategy effect": small and medium-sized market capitalizations became the main force of crypto reserves, with the average stock price soaring by 438%

From finance to technology, from healthcare to entertainment, more and more listed companies are following the path of MicroStrategy, incorporating crypto assets such as BTC, ETH, SOL, TRX into their balance sheets, and starting a capital game of valuation repricing. In this article, PANews has counted 30 US-listed companies that have officially announced their crypto reserve plans.

Dialogue with Arthur Hayes: Bitcoin will hit $250,000 by the end of the year, and most altcoins will find it difficult to recover

Retail interest in Bitcoin remains high because it has performed so well and is the best understood of all crypto assets. Altcoins are generally overpriced and have difficulty attracting new investors.

Two main themes of the crypto market in the second half of 2025: Deterministic opportunities under the game of interest rate cuts and system reconstruction

In 2025, the crypto market is deeply involved in the interest rate cut game between Trump and Powell, and at the same time becomes a chess piece in the reshaping of the US dollar system. How can retail investors anchor the certain opportunities in 2026 in the storm?

Video | Weekly Market Analysis: The Battle for Stablecoins, Who is Laying the Next Generation of Financial Railway?

This article focuses on the global trends of stablecoins - from the co-founder of Airwallex, a fintech company valued at US$6 billion, bluntly stating that "stablecoins are meaningless", to Stripe investing over US$1 billion to build stablecoin infrastructure; from Shopify integrating stablecoin payment solutions, to Ant Group competing for stablecoin licenses in multiple jurisdictions.

JPMorgan Chase launches JPMD "deposit token" experiment: claims to be better than stablecoins, for institutional pilot

JPMD is deployed on the Base blockchain supported by Coinbase and will be piloted for several months. It may have interest-bearing functions in the future. The launch of JPMD is not a hasty move. As early as 2023, JPMorgan Chase began studying the feasibility of deposit tokens in its blockchain division Kinexys.

Is the crypto IPO season coming? Circle's stock price hits new highs, and these 13 crypto companies are accelerating to Wall Street

Circle successfully landed in the U.S. stock market, and its stock price soared, driving the market's attention to crypto stocks significantly. At the same time, thanks to the continuous optimization of the U.S. regulatory environment and favorable policies, the crypto industry is ushering in a wave of rushing to Wall Street, and more and more crypto institutions are actively planning to enter the U.S. capital market.

AI and Meme

Sam Altman: We've reached the 'singularity' moment in artificial intelligence

According to Sam Altman, humanity may have entered the early stages of the "singularity" - the point at which artificial intelligence surpasses human intelligence. Altman says humanity has crossed a critical turning point, an "event horizon" that marks the beginning of a new era of digital superintelligence.

How does PrismaX, led by a16z, use tokens to build a "data flywheel" for AI robots?

PrismaX received $11 million in investment led by a16z, aiming to solve the problem of physical AI data incentives.

a16z leads $33 million seed round, how does Yupp reshape AI evaluation model based on blockchain and incentives?

As a new platform, Yupp is trying to reshape the way AI models are discovered, compared, and used with its unique crowdsourcing model and incentive mechanism, and bring a paradigm shift in the field of AI evaluation. This article will deeply analyze Yupp's core mechanism, technical highlights, team background, and its potential impact on the AI ​​ecosystem.

The Holy Grail of Crypto AI: Frontier Exploration of Decentralized Training

Decentralized training can be understood as: a group of volunteers around the world, each contributing computing power to collaboratively train models, but "truly feasible large-scale decentralized training" is still a systematic engineering challenge, involving multiple levels such as system architecture, communication protocols, cryptographic security, economic mechanisms, and model verification. However, whether "collaboration is effective + incentives are honest + results are correct" can be achieved is still in the early prototype exploration stage.

PANews' account [MEME Daily] will select the hot memes of the day for readers to understand the track situation. Click here to view.

Seize the opportunity

Voting is trading. Learn about Upside, a social prediction market on the Base chain.

Upside is a social prediction platform based on the Base chain. Users predict content popularity and earn revenue by buying and selling “upside tickets”, and a unique link mechanism is used to incentivize early participants.

DeFi bull market strategy: The US SEC has released positive news, and three categories are worth paying attention to

Explore ways to make profits in the DeFi bull market.

Launchcoin ecosystem is recovering, here are five potential projects

The positive cycle of "ICM" is attracting more and more Web2 entrepreneurs to join the ecosystem, and Believe may contain more Alpha opportunities.

An overview of the interest-bearing stablecoin track: Which projects are helping you make money?

This article will break down the sources of income for mainstream interest-bearing stablecoins and review the most representative projects on the market to see who is truly making money for you.

Verifiable Cloud EigenCloud: A New Paradigm for the Integration of Web2 and Web3

EigenLayer launched the verifiable cloud platform EigenCloud, which received a $70 million investment from a16z, aiming to integrate the trust of Web3 with the powerful functions of Web2.

Web3

Exclusive interview with JD.com CoinChain CEO: It is expected to obtain a license and launch a stable currency in early Q4. Bitcoin was first purchased in 2011

Liu Peng revealed that the scenario testing of JD Coin Chain in the "Sandbox" is progressing smoothly, and plans to launch stablecoins anchored to Hong Kong dollars and other currencies. They expect to obtain a license in the early fourth quarter of this year and launch JD Stablecoin at the same time. The specific timetable depends on supervision.

From a small Ukrainian exchange to the third largest platform token market capitalization, did WhiteBIT unexpectedly make a comeback in the Russo-Ukrainian war?

WhiteBIT rose in the flames of war, and its platform tokens soared four times in one year, and its token market value ranked among the top three exchanges. What made it so popular? What are the unknown stories behind it?

Coinbase's attack: Spending big on sponsorships and acquisitions to enter the mainstream circle of friends with the help of the S&P 500

Coinbase is undoubtedly one of the important supporters of the US crypto compliance. It has promoted the implementation of industry-friendly policies through active political donation strategies. Recently, it has sponsored the 250th anniversary military parade of the founding of the United States in an attempt to strengthen its influence in mainstream society and the political arena. At the same time, Coinbase has continued to accelerate product innovation and ecological expansion in the past few months, significantly optimizing user experience and enhancing market confidence, and trying to create a more diversified growth engine.

100,000 people evacuated Binance Alpha, the arbitrage bonus disappeared, and the plunge of ZKJ and KOGE became the fuse

With the implementation of Binance's new regulations, Alpha is gradually shifting from a tool for arbitrage to an incentive mechanism that focuses more on real interaction and value capture. This means that points are no longer based solely on transaction volume or LP quota, but are more inclined towards dimensions such as holding time, interaction depth, and real needs. However, for many users who rely on low-cost scoring strategies, this shift forces them to re-evaluate the significance of participation.

Was the loss of 90 million just a smokescreen? Hard evidence on the chain exposes James Wynn's double account hedging scam

This article uses on-chain data and account behavior analysis to reveal the carefully orchestrated hedging operations behind James Wynn, the "loss-making personality" KOL: on the surface, he lost money, but in fact he made a profit secretly. In the crypto world, identities and funds can often be easily hidden, but transaction records will not lie.

From the perspective of cost and threshold, why do top IPs such as FIFA and MapleStory choose Avalanche to release exclusive chains?

Recently, a few well-known projects have launched dedicated chains based on Avalanche. Why choose Avalanche instead of Ethereum?

Pump.fun and its co-founder account were banned by X. What caused this wave of "account bans" in the cryptocurrency circle?

A "ban storm" targeting the crypto industry is sweeping across X.

Key Information

People's Court Daily: Virtual currency disposal can explore overseas compliance realization and "black hole address" destruction mechanism

Lin Sheng, founder of Zhong Xue Gao: Speculating in cryptocurrencies is a huge mistake. There is no Bitcoin yet.

Central Bank: Establish a digital RMB international operation center and carry out a pilot project for comprehensive reform of offshore trade financial services in the Lingang New Area of ​​Shanghai

Pro-Israel hacker group claims to be the hacker behind the attack on Iran's Nobitex and will release the exchange's source code and internal data

16 billion login credentials for Apple, Google and other services leaked, which may affect cryptocurrency holders

Infini suspends all card services, and the card opening fee will be refunded to the account within 10 working days

Bank of America lists Bitcoin as one of the most disruptive innovations of the millennium

Financial Times: Tron to seek IPO after US suspends investigation into its founder

Mark Cuban believes Trump's phone may feature cryptocurrency fees as a profit model

Ink will launch its native token INK, and airdrops will be targeted at early participants of the liquidity protocol

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Author: 一周精选

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

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