GENIUS法案闯关众议院：鲍威尔拒谈7月降息，比特币机构持仓再创新高

The Regulatory Tectonics Shift

The U.S. political landscape is shaking up the crypto world. The GENIUS Act—designed to regulate stablecoins with transparency and consumer protection—has cleared the Senate and now enters the House for debate. It’s not just another bill; it’s a signal that Washington is finally treating digital assets as financial infrastructure, not fringe speculation.

Trump’s push for a ‘clean version’ adds drama, but internal divisions on bundling it with market structure reforms could slow progress. Still, we’re seeing real momentum: Congress isn’t ignoring crypto anymore—it’s trying to build rules around it.

Fed Signals No Quick Rate Cuts

Meanwhile, Jerome Powell delivered cold water to those hoping for an early dovish shift. When asked about a possible July rate cut, he replied: “I don’t think we need to rush.” That phrase—”don’t need to rush”—is gold in Fed speak.

Translation? Inflation remains stubborn enough that monetary policy won’t pivot until clearer signs of cooling appear. For BTC holders, this means higher rates could persist longer than expected—but also deeper conviction from long-term investors who see crypto as inflation hedge.

Institutional Bitcoin Accumulation Hits New Highs

Here’s where things get interesting: institutions aren’t just talking about Bitcoin—they’re buying it relentlessly.

• Vinanz (London): Upgraded holdings to 58.68 BTC after recent purchases.
• Bitmax (Korea): Now owns 300.08 BTC—the largest corporate Bitcoin reserve among South Korean listed firms.
• The Smarter Web Company: Boosted its total stake to 543.52 BTC with an average entry price under $10k.
• Vaultz Capital: Entered the game with 10 BTC at ~$104k each.

This isn’t FOMO—it’s strategic positioning. These are companies using Bitcoin as treasury diversification and long-term value storage in an era of fiscal uncertainty.

Stablecoin Momentum Builds Globally

Hong Kong made headlines by approving virtual asset trading licenses—with crucial nuance: stablecoin issuers can now back their tokens with non-HKD assets across any blockchain network—not just pegged to HKD.

That changes everything. Suddenly you have a global financial hub where Euro-backed stablecoins on Ethereum or USD-backed ones on Solana can be issued under one regulated framework.

Add Japan’s potential move toward separate taxation (from ~55% combined tax down to ~20%) and even ETF eligibility—and we’re no longer looking at isolated experiments but systemic integration of crypto into mainstream finance.

Innovation Keeps Pacing Ahead Despite Volatility

While Upexi stock plunged 60% after massive sell-side registration (43 million shares!), other projects are advancing fast:

• Flashnet & Brale launching USDB—a native USD stablecoin on Bitcoin’s second layer Spark network backed by U.S. Treasuries via Magic Eden integration.
• Aptos Labs + Jump Crypto unveiling Shelby—a high-performance decentralized hot storage layer for AI data streams and DePIN use cases.
• Chainlink x Mastercard: Over 3 billion cardholders now able to buy crypto directly through chain-based protocols via cross-chain rails provided by Chainlink bridges and partners like Swapper Finance and Uniswap.

even more telling: Merlin Chain launched its first BTC staking vault—filled within 27 minutes despite only offering 50 BTC total capacity. The demand is undeniable.