Circle，Stablecoin和Rally：Crypto最新繁榮的紐約分鐘

隨著《天才法》的規定，Circle的股票飆升為Stablecoin調節鋪平了道路。這是穩定夏季的開始，還是只是另一個華爾街逃跑？

Hold onto your hats, folks! The world of crypto is buzzing, and at the center of it all are Circle, stablecoins, and a market rally that's got everyone talking. The recent surge in Circle's stock, fueled by the U.S. Senate's passing of the GENIUS Act, signals a potential turning point for stablecoin regulation. But what does it all mean for the average Joe (or Jane) dipping their toes into the digital currency pool?

抓住你的帽子，伙計們！加密世界正在嗡嗡作響，在其中的中心是圈子，穩定的，以及一個使每個人都在談論的市場集會。美國參議院通過《天才法案》的逝世推動了Circle股票的最近激增，這標誌著Stablecoin法規的潛在轉折點。但是，這對普通的喬（或簡）將腳趾浸入數字貨幣池中意味著什麼？

The GENIUS Act: A Game Changer?

天才法案：改變遊戲規則的人？

The GENIUS Act, designed to establish a clear regulatory framework for dollar-backed stablecoins, has sent ripples of excitement through the crypto sphere. Circle (CRCL), the issuer of USDC, the world’s second-largest stablecoin, has seen its stock skyrocket. After debuting on June 5, Circle’s stock has climbed over 540%, marking one of the fastest climbs for a crypto stock after opening to the public. The market clearly believes that Circle will be a major winner if the U.S. embraces stablecoins as digital cash.

《天才法案》旨在為以美元支持的穩定劑建立明確的監管框架，通過加密球體引發了興奮的漣漪。 Circle（Crcl）是全球第二大穩定幣USDC的發行人，已經看到了其股票飆升。在6月5日首次亮相之後，Circle的股票攀升了540％以上，這是向公眾開放後最快的加密貨幣攀登之一。市場清楚地認為，如果美國將Stablecoins作為數字現金，Circle將成為主要贏家。

Circle's Meteoric Rise

圈子的迅速崛起

Circle's stock (CRCL) soared 34% on Wednesday, followed by another 6% after-hours, closing at $199.59 with an after-hours high of $211.87. Volume surged to over 60 million shares, nearly double the average. With a market cap now exceeding $48 billion, Circle is quickly outgrowing legacy payments firms.

Circle的股票（CRCL）在周三飆升了34％，隨後下班後另有6％的股票收盤價為199.59美元，下班後最高為211.87美元。數量飆升至6000萬股，幾乎是平均值的兩倍。由於市值現在超過480億美元，Circle迅速超過了遺產付款公司。

Wall Street's Crypto Crush

華爾街的加密crush

It's not just Circle making waves. Coinbase (COIN) also saw a significant surge, closing up 16.32% at $295.29. As crypto entrepreneur Anthony Pompliano pointed out, this signals that "Wall Street wants Bitcoin and crypto assets." But, as BitMEX founder Arthur Hayes warns, some new public stablecoin companies may be overvalued and doomed to fail.

這不僅僅是圓形浪潮。 Coinbase（Coin）也看到了巨大的激增，以295.29美元的價格關閉了16.32％。正如加密企業家Anthony Pompliano指出的那樣，這表明“華爾街想要比特幣和加密資產”。但是，正如Bitmex創始人Arthur Hayes警告的那樣，一些新的公共Stablecoin公司可能被高估並註定要失敗。

BlackRock Joins the Party

貝萊德加入聚會

Even traditional finance giants like BlackRock are getting in on the action. BlackRock’s BUIDL fund now enables 24/7 swaps with Ethena’s USDtb stablecoin, creating a real-time bridge between traditional yield and crypto-native liquidity. This move highlights how major institutions are leveraging blockchain for live, programmable liquidity.

即使是像貝萊德（Blackrock）這樣的傳統金融巨頭也正在採取行動。貝萊德（Blackrock）的Buidl Fund現在可以與Ethena的USDTB Stablecoin進行24/7交換，從而在傳統產量和加密本地流動性之間建立了實時橋樑。這一舉動強調了主要機構如何利用區塊鏈進行實時，可編程的流動性。

Stablecoin Summer or Fool's Gold?

Stablecoin Summer還是Fool's Gold？

The big question is whether this rally is sustainable. While the GENIUS Act represents a significant step forward, it still needs House approval and President Trump’s signature. The market is pricing in a future where Circle thrives as a regulated U.S. player, potentially drawing activity back from offshore issuers. However, the crypto market is known for its volatility, and some analysts caution against excessive optimism.

最大的問題是這次集會是否可持續。儘管《天才法》是向前邁出的重要一步，但它仍然需要眾議院認可和特朗普總統的簽名。在未來的情況下，市場的定價是圈子作為受監管的美國參與者蓬勃發展的，有可能從海上發行人帶回活動。但是，加密貨幣市場以其波動性而聞名，一些分析師警告不要過度樂觀。

My Two Satoshis

我的兩個satoshis

The regulatory clarity that the GENIUS Act promises is a welcome development. By defining stablecoins as payment stablecoins, the bill could open the door to mainstream adoption beyond crypto rails. I believe that stablecoins have the potential to become the "money layer of the internet," as Canaccord analysts suggest. However, investors should be wary of the hype and do their own research before diving in.

《天才法案》承諾的監管清晰度是一個受歡迎的發展。通過將Stablecoins定義為付款Stablecoins，該法案可以為超越加密鐵路以外的主流採用打開大門。我相信，正如Canaccord分析師所建議的那樣，Stablecoins有可能成為“互聯網的貨幣層”。但是，投資者應該對炒作保持警惕，並在潛水之前進行自己的研究。

The Bottom Line

底線

So, is this the start of a "Stablecoin Summer," as crypto trader Genco suggests? Maybe. But remember, in the fast-paced world of crypto, things can change in a New York minute. Keep your eyes peeled, your wits about you, and maybe, just maybe, you'll catch the wave. And if not, well, there's always another crypto rally just around the corner. Stay classy, crypto enthusiasts!

那麼，正如加密貨幣商人Genco所建議的那樣，這是“ Stablecoin Summer”的開始？或許。但是請記住，在快節奏的加密世界中，情況可能會在紐約分鐘內發生變化。保持眼睛剝皮，對您的智慧，也許，也許，您會抓住浪潮。如果不是，那麼，總會拐角處還有另一個加密集會。保持優雅，加密愛好者！