The passage of the GENIUS Act provides a new path for the continuation of the US dollar hegemony, while promoting the overall prosperity of the crypto ecosystem.

With good news coming, the market rebounded sharply.

Asset management giant VanEck launched the U.S. Treasury tokenized fund VBILL; Gnosis spent $14.9 million to acquire HQ.xyz to accelerate its entry into the Asian market.

Becoming a fiat stablecoin aligned with Hyperliquid

Several Federal Reserve officials will give speeches intensively.

"It's easier to get things done if you have connections in the government", this saying is particularly applicable to the Trump family's crypto projects. According to incomplete statistics, the stablecoin USD1 has rapidly expanded and integrated more than 10 protocols or applications. Binance also received USD 2 billion in financing from MGX through USD1.

Although BTC has risen by about $20,000 (about 25%), its upward momentum is not exhausted and the trend is expected to continue until the summer.

Although USDS is designed to attract sophisticated investors, its user base growth is unclear and the protocol's profitability is weighed down by high interest rates.

On May 13, the market value of stablecoins reached 242.821 billion U.S. dollars, and Tether's USDT market value exceeded 150 billion U.S. dollars for the first time, accounting for 62% of the market value. In recent months, there have been continuous developments about stablecoins in the crypto market.

As the global wave of asset tokenization sweeps across the world, Hong Kong is becoming a key testing ground for on-chain asset layout.

The US Senate rejected the stablecoin bill, and Trump's related concerns intensified.

The market is picking up and the basic yield has shown signs of rising.

Visa and Mastercard are competing for dominance in the Web3 payments market.

Stablecoins are the future and are one of the most profitable projects in the crypto space.

The total market value of global cryptocurrencies is US$3.07 trillion, up 1.65% from US$3.02 trillion last week.

There are a total of 7 airdrops available for claiming/querying this week.