Circle，Stablecoin和Rally：Crypto最新繁荣的纽约分钟

随着《天才法》的规定，Circle的股票飙升为Stablecoin调节铺平了道路。这是稳定夏季的开始，还是只是另一个华尔街逃跑？

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，伙计们！加密世界正在嗡嗡作响，在其中的中心是圈子，稳定的，以及一个使每个人都在谈论的市场集会。美国参议院通过《天才法案》的逝世推动了Circle股票的最近激增，这标志着Stablecoin法规的潜在转折点。但是，这对普通的乔（或简）将脚趾浸入数字货币池中意味着什么？

The GENIUS Act: A Game Changer?

天才法案：改变游戏规则的人？

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》旨在为以美元支持的稳定剂建立明确的监管框架，通过加密球体引发了兴奋的涟漪。 Circle（Crcl）是全球第二大稳定币USDC的发行人，已经看到了其股票飙升。在6月5日首次亮相之后，Circle的股票攀升了540％以上，这是向公众开放后最快的加密货币攀登之一。市场清楚地认为，如果美国将Stablecoins作为数字现金，Circle将成为主要赢家。

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）在周三飙升了34％，随后下班后另有6％的股票收盘价为199.59美元，下班后最高为211.87美元。数量飙升至6000万股，几乎是平均值的两倍。由于市值现在超过480亿美元，Circle迅速超过了遗产付款公司。

Wall Street's Crypto Crush

华尔街的加密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.

这不仅仅是圆形浪潮。 Coinbase（Coin）也看到了巨大的激增，以295.29美元的价格关闭了16.32％。正如加密企业家Anthony Pompliano指出的那样，这表明“华尔街想要比特币和加密资产”。但是，正如Bitmex创始人Arthur Hayes警告的那样，一些新的公共Stablecoin公司可能被高估并注定要失败。

BlackRock Joins the Party

贝莱德加入聚会

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.

即使是像贝莱德（Blackrock）这样的传统金融巨头也正在采取行动。贝莱德（Blackrock）的Buidl Fund现在可以与Ethena的USDTB Stablecoin进行24/7交换，从而在传统产量和加密本地流动性之间建立了实时桥梁。这一举动强调了主要机构如何利用区块链进行实时，可编程的流动性。

Stablecoin Summer or Fool's Gold?

Stablecoin Summer还是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.

最大的问题是这次集会是否可持续。尽管《天才法》是向前迈出的重要一步，但它仍然需要众议院认可和特朗普总统的签名。在未来的情况下，市场的定价是圈子作为受监管的美国参与者蓬勃发展的，有可能从海上发行人带回活动。但是，加密货币市场以其波动性而闻名，一些分析师警告不要过度乐观。

My Two Satoshis

我的两个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》承诺的监管清晰度是一个受欢迎的发展。通过将Stablecoins定义为付款Stablecoins，该法案可以为超越加密铁路以外的主流采用打开大门。我相信，正如Canaccord分析师所建议的那样，Stablecoins有可能成为“互联网的货币层”。但是，投资者应该对炒作保持警惕，并在潜水之前进行自己的研究。

The Bottom Line

底线

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!

那么，正如加密货币商人Genco所建议的那样，这是“ Stablecoin Summer”的开始？或许。但是请记住，在快节奏的加密世界中，情况可能会在纽约分钟内发生变化。保持眼睛剥皮，对您的智慧，也许，也许，您会抓住浪潮。如果不是，那么，总会拐角处还有另一个加密集会。保持优雅，加密爱好者！