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5/25
21:01
Svmuu News Although the GENIUS Act and the CLARITY Act are pushing for stablecoin compliance, stablecoins remain essentially "private money" and could introduce structural risks to the financial system.
The article points out that stablecoins aim to combine the stability of the US dollar with the payment efficiency of blockchain, but because they operate on fragmented, privatized infrastructure, they lack the uniformity of the traditional dollar system. While USDT and USDC are pegged to the US dollar, their prices can still deviate from $1.
Additionally, stablecoin issuers have incentives to boost yields by allocating capital to high-risk, low-liquidity assets. Should the value of these assets decline, it could trigger de-pegging and concentrated redemption risks. Citing Chainalysis data, the article states that stablecoins account for 84% of illicit crypto activity, primarily involving sanctions evasion and money laundering, while their use in real economy payments accounts for less than 1%.
The Wall Street Journal argues that stablecoins are essentially repeating the path of the private money experiments seen during the "Free Banking Era" in 19th-century America. In the future, they may need to accept stricter regulation, similar to banks, and require deeper integration into the central banking system. (Wall Street Journal)
20:51
Svmuu News: ETF Store President Nate Geraci joked on X platform, "Stablecoins are clearly the real economic risk."
He noted that compared to inflation, escalating geopolitical tensions, and the continued rise in government and private debt, the market still views stablecoins as a source of risk. "You really couldn't make this up," he said.
20:49
According to GMGN data, Solana ecosystem token CARDS market cap continued to rebound, briefly surpassing $400 million before retreating to approximately $367 million, with an intraday gain of over 33%.
Svmuu reminds users that this token's price is highly volatile, and investors should be aware of the risks.
20:40
Svmuureports that, according to Gate data, South Korea's KOSPI index has stood above 8,100 points, continuing to hit a new record high, with a daily increase of 3.24%.
20:38
Svmuu reported that OKX market data shows ETH has dropped below 2100 USDT, currently trading at 2099.98 USDT, with a 24H decline of 0.38%.
20:38
Svmuu News: According to OKX market data, BTC has fallen below 77,000 USDT and is currently trading at 76,988.3 USDT, a 24-hour decline of 0.29%.
20:18
According to Lookonchain monitoring, the ESPORTS selling address has transferred out another 35.13 million ESPORTS tokens for sale in the past 3 hours.
Data shows that this address has previously sold a total of 22.73 million ESPORTS, receiving approximately 987,700 USDT.
20:14
Svmuu News: According to Onchain Lens, the whale that sold HYPE after eight months of inactivity has now opened a 2x leveraged long position of 2,839 ETH and a 2x leveraged short position of 94,101 HYPE, with the total value of these positions amounting to approximately $11.75 million. Data shows that this whale is currently simultaneously long on ETH and short on HYPE.
20:13
Svmuu News: The U.S. Central Command (CENTCOM) stated that U.S. forces have conducted a "self-defense strike" in southern Iran to protect U.S. troops stationed in the Middle East from threats from Iran.
The statement said the strike targeted missile launch facilities and Iranian vessels attempting to lay naval mines. CENTCOM also noted that during the current ceasefire, U.S. forces will continue to exercise restraint and protect their own troops' safety.
20:08
According to Svmuu, data from Gate shows that South Korea's KOSPI index has broken through 8,000 points, rising over 3% intraday. Japan's Nikkei 225 index opened up 0.23% at 65,305.16 points.
20:07
Svmuu reported that Hyperliquid has announced support for official canonical outcome markets based on off-chain events.
According to the introduction, these markets will be published by automated news feed software run by validators as part of their daily on-chain operations. Validators will vote on the deployment and settlement of official prediction markets based on factors such as clarity of rules, accuracy of outcomes, and market quality.
20:04
Svmuuhas reported that Ondo Finance has announced the passing of its founder, Nathan Allman.
The announcement states that Nathan Allman's vision, leadership, and technical expertise profoundly shaped Ondo's development, and he firmly believed that technology could build a more open and accessible financial system.
At the same time, Ondo announced that Ian De Bode, who has long served as President, will take over as CEO. The announcement notes that Ian has been responsible for the company's strategy, products, and daily operations for over two years and has received full support from the management team.
Ondo stated that it will continue to advance the work that Nathan Allman left unfinished.
20:01
According to monitoring by the Svmuu Seer Prophecy Channel, in the Polymarket "NBA Playoffs Eastern Conference Finals Game 4: Knicks vs. Cavaliers" prediction event, a smart money wallet (address: 0x9f2fe025f84839ca81dd8e0338892605702d2ca8) that has profited over $4 million purchased $530,000 worth of shares on the Knicks defeating the Cavaliers, at an average entry price of 54.4¢, currently showing an unrealized loss of $8,700.
Game 4 of the NBA Playoffs Eastern Conference Finals between the Knicks and the Cavaliers tips off at 8:00 AM Beijing time today. The Knicks currently hold a 3-0 series lead. The Knicks' starting lineup for this game consists of Hart, Anunoby, Towns, Bridges, and Brunson; the Cavaliers' starting lineup features Strus, Mobley, Allen, Mitchell, and Harden.
The Svmuu Seer Prophecy Channel continues to monitor prediction markets, seeing the changes before the prices are set.
13:12
Svmuu reported that the ceasefire agreement reached between the United States and Iran in early April will be extended by 60 days. Ships of all countries will be able to sail freely and safely, just as they did before the strait was closed. (Jinshi)
12:57
Svmuu reported that according to Al Arabiya, a draft agreement between the U.S. and Iran has been reached. The draft agreement allows for the free opening of the Strait of Hormuz and the removal of naval mines; navigation through the Strait of Hormuz needs to be restored within 30 days. The agreement stipulates that the U.S. commits to easing the blockade on Iranian ports; it allows Iran to sell and export oil; it will provide specific sanctions exemptions for Iranian oil exports. The easing of sanctions on Iranian oil will be considered in phases, depending on Iran's implementation of its commitments. The agreement also states that nuclear negotiations will continue to reach a long-term consensus. (Jin10)
12:52
Svmuu News, according to Gate data, U.S. and Brent crude oil continue to decline, with Brent crude oil losing the $94 per barrel mark, dropping over 6% intraday.
12:41
Svmuu reports that the US-Iran draft agreement stipulates a 60-day ceasefire extension, which is renewable.
The draft agreement also provides for the continuation of nuclear negotiations aimed at reaching a long-term understanding.
The United States and Iran have agreed to reopen the Strait of Hormuz and clear naval mines.
12:17
According to Svmuu, citing CNN, US officials stated that disputes over wording related to Iran's nuclear program and differences over the lifting of sanctions are hindering a final agreement to end the war.
Nevertheless, optimism remains that these differences will be resolved soon. A US official said that the presence of the Iranian delegation in Qatar on Monday (including senior members of the Tehran negotiating team) is a positive sign, and Qatar has mediation capabilities. (Jin Shi)
12:06
Svmuu News: On the 25th local time, Ali Akbar Ahmadian, Secretary of Iran's Supreme National Security Council, issued a statement stating that Iran "will not surrender or retreat." Ahmadian also said that the country needs unity and cohesion more than ever before, which will greatly disappoint the United States and Israel. (CCTV News)
11:36
Svmuu News: According to on-chain monitoring by Ember, whale nemorino.eth purchased 7,908.3 ETH (worth $16.71 million) 1 hour ago at a price of $2,113. He had previously sold all his ETH at $2,124 three days ago, incurring a loss of $2.14 million. Today, he first bought 5,535.6 ETH with 11.71 million USDC, then deposited those ETH into Spark as collateral to borrow 5 million DAI and continue buying another 2,372.7 ETH.

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