ChainCatcher news, BitMEX co-founder Arthur Hayes recently published an in-depth analysis of the stablecoin market landscape. The article points out that the key to the success of stablecoins lies in their distribution channels, which are currently mainly achieved through cryptocurrency exchanges, social media platforms, or traditional banks. Tether has become the dominant stablecoin globally, particularly in the Global South market, thanks to its partnership with Bitfinex and the trust established in the Greater China region; while Circle distributes USDC through its partnership with Coinbase, its market share still lags behind Tether.Hayes warns investors that new entrants face severe challenges with closed distribution channels and predicts that as Circle's IPO succeeds, the stablecoin bubble will continue to expand, but will eventually burst on some project that separates "dumb money." He emphasizes that although stablecoin issuers are highly profitable (mainly from treasury yields), investors should be wary of overvaluation risks, especially for those projects that claim to collaborate with traditional banks but lack actual distribution channels.

ChainCatcher news, 10x Research stated, "Against the backdrop of rising oil prices, strong U.S. Treasury yields, mixed employment data, and the Federal Reserve's cautious stance, Bitcoin's macro fundamentals are quietly strengthening.As some altcoins (such as ADA and DOT) may see their treasury funds shift towards Bitcoin, and with key changes in the credit environment, the market is brewing a potential trend reversal. Bitcoin has oscillated around $106,000 over the past month, with a volatility range of ±4%. The longer the consolidation period, the greater the likelihood of a breakout.Although Federal Reserve Chairman Powell is expected to maintain a neutral stance at this week's FOMC meeting, and there are still upward risks for the 10-year U.S. Treasury yield, on-chain indicators continue to support the current price level. As long as it remains above $100,437, the room for a pullback is limited.Geopolitical risks are diminishing, and seasonal factors in summer may lead Bitcoin to continue consolidating in the short term, but a shift in macro signals in the medium to long term lays the foundation for potential gains within the year."

ChainCatcher news, Trump campaign co-manager Chris Lasavita stated at the Coinbase crypto summit that Trump's support for cryptocurrency has become a key factor for his successful re-election in 2024.Lasavita pointed out that the cryptocurrency issue has helped the Republican Party attract traditionally Democratic-leaning voter groups, including African Americans, Asian Americans, and young voters. Data shows that 28% of Asian Americans and about 20% of African Americans own cryptocurrency, significantly higher than the 14% of whites. The Trump administration has incorporated crypto-friendly policies into the Republican platform, promising to protect Bitcoin miners and ban central bank digital currencies. Meanwhile, a political action committee supported by Coinbase and Ripple Labs has invested over $200 million in the 2024 elections, boosting the influence of crypto assets in American politics.

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire recently posted on the X platform that stablecoins may be the most practical form of currency in history, but the entire industry has yet to reach a critical milestone akin to the "iPhone moment."He pointed out that once the stablecoin industry enters this phase, developers will be able to unlock programmable digital dollars just like unlocking programmable phones, at which point digital dollars will unleash tremendous potential on the internet and bring widespread opportunities. He believes this era may not be far off.

ChainCatcher news, according to HashKey Global market data, the HSK price has surpassed $0.3245, with a 24-hour increase of 20.05%.HashKey Global is the global flagship virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license for the Digital Asset Investor Protection Scheme issued by the Bermuda Monetary Authority (BMA), offering mainstream trading and service products such as LaunchPool, contracts, and leverage.

ChainCatcher news, according to the Financial Times, Trump is ready to sign a key part of the US-UK trade agreement, which will lower tariffs on British car exports to the US in exchange for opportunities for American beef and ethanol producers to enter the UK market.On May 8, Trump and Starmer signed a five-page "Economic Prosperity Agreement" during a televised news conference in the Oval Office, and a month later, the "Cars for Agriculture" agreement was signed. British officials familiar with the negotiations stated that both sides are still negotiating the part of the agreement that Starmer mentioned, which would allow UK steel manufacturers to enter the US market with zero tariffs.

ChainCatcher news, as of June 12, 2025, 14:00 (UTC+8), Bitcoin (BTC) is priced at $107,745, down about 2.3% from the 48-hour high of $110,277. The price has temporarily stabilized after testing the support at $107,500, and is still in a high-level consolidation range. Ethereum (ETH) is hovering around $2,800, and the overall trading volume in the crypto market has slightly decreased, with funds becoming more cautious.The latest U.S. CPI for May showed a month-on-month increase of 0.1% and a year-on-year increase of 2.4%, with core CPI year-on-year at 2.8%, all below market expectations, reflecting a continued moderate decline in inflation. Following the data release, U.S. Treasury yields fell, the dollar weakened, gold prices rose, and risk assets received a short-term boost, but the reaction in crypto assets was relatively mild, indicating that the market has partially priced in expectations of slowing inflation.Despite the favorable data for easing expectations, the Federal Reserve is likely to maintain interest rates at the upcoming rate meeting. Analysts generally believe that the window for rate cuts may be pushed back until after September. Policy uncertainty continues to constrain the market's willingness to take long positions.In addition, Société Générale announced that it will issue a dollar stablecoin in July, and the G7 summit will also discuss multinational regulatory cooperation on crypto assets. The ongoing involvement of traditional finance and regulatory agencies is driving the crypto industry towards compliance and institutionalization, laying the foundation for medium- to long-term development.

ChainCatcher news, the crypto wallet infrastructure company Turnkey announced the completion of a $30 million Series B funding round, led by Bain Capital Crypto, with participation from Lightspeed Faction and Galaxy Ventures.Turnkey was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aiming to help developers build user-friendly wallets using APIs, and currently has 35 employees.

ChainCatcher news, according to a report by Jinshi, Hong Kong Chief Executive John Lee recently stated that Hong Kong will maintain the peg of the Hong Kong dollar to the US dollar, which is one of the key factors for the success of Hong Kong's economy, and this will not change due to the escalation of geopolitical tensions.However, Lee said that this does not mean that Hong Kong's financial system is entirely dependent on the peg system. In the future, Hong Kong will strengthen its leading position as a global offshore RMB business center and provide more diversified products to drive more trade. He expects to launch more RMB business products in the future, allowing overseas investors holding RMB to profit from them, and will also work to enhance the Hong Kong dollar-RMB dual counter model trading, allowing investors to purchase RMB-denominated stocks listed in Hong Kong using offshore RMB.

ChainCatcher news, 10x Research posted on the X platform stating that Bitcoin is hitting a key technical resistance level, and its next move may determine the market tone for the entire summer. Research shows that funding rates, trend breakouts, and reverse positions are aligning in a way not seen for months, forming high-confidence signals.At the same time, Ethereum's fundamentals are quietly weakening, while some altcoins are starting to become active.Additionally, as Circle celebrates its IPO, Tether has quietly resumed full-speed minting.

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform stating that Polymarket is the first mainstream consumer crypto product that has not become popular through token speculation, and more similar products will emerge in the future. The infrastructure and user experience are ready; it just needs more visionary founders who are confident in themselves, regardless of how the public chooses.The collaboration between X and Polymarket is a huge victory for cryptocurrency, and Polymarket could not have achieved success without USDC on Ethereum.

ChainCatcher news, in the past two days, the price of Bitcoin (BTC) has continued to weaken, retreating from a high of $105,000 to around $101,500, a decline of over 3%. Although there was an attempt to rebound earlier this week, it failed to successfully break through the key resistance level of $107,500, leading to a more conservative market sentiment.The entire cryptocurrency market has also seen a pullback, with the market capitalization dropping to about $2.3 trillion, down over 5% in 24 hours. Ethereum (ETH) has fallen below $3,700, and mainstream coins such as Solana (SOL) and Avalanche (AVAX) have also experienced varying degrees of decline. Analysts believe that the current market lacks clear catalysts for an upward movement, and funds are tending to be cautious.Meanwhile, the international financial market is also full of uncertainties. U.S. Treasury yields rose slightly on June 5, reflecting market divergence regarding the Federal Reserve's interest rate policy direction. Investors are closely watching the non-farm payroll data for May, which is set to be released this Friday. If the number of new jobs falls short of expectations, it may strengthen the market's bets on interest rate cuts within the year, thereby providing support for risk assets.Additionally, Federal Reserve Chairman Powell's recent remarks did not clearly address the economic outlook, raising concerns about "dovish expectations falling short." If the employment data is weak, it may reignite expectations for a rate cut in September, which could affect the short-term performance of assets like Bitcoin.4E reminds that the cryptocurrency market is at a critical juncture of macroeconomic games and technical adjustments, and advises investors to remain patient and wait for further clarity from the Federal Reserve and economic data.

ChainCatcher news, the on-chain staking and yield protocol HashPower has announced the completion of a $4 million strategic financing round, with participation from HashKey Group, FBG Capital, Hailstone Labs, and DePIN X Capital. This financing will accelerate HashPower's expansion of decentralized mining capabilities, optimize staking yields, and build digital asset and AI infrastructure.HashPower provides users with staking yields and infrastructure services through its globally distributed node network and user-friendly platform protocol. Previously, HashPower signed memorandums of understanding (MOU) worth $60 million with several projects, including Aethir, Multiple Network, XPIN Network, Planck Network, DI Foundation, Inferix, Bitcoin on Base, and Automata Network. The parties will engage in deep cooperation in areas such as ecological growth, joint research and development, and the deployment of decentralized mining, computing power, and AI infrastructure.

ChainCatcher news, Bitfinex analysts pointed out that the U.S. employment data to be released this Friday will be a key factor influencing Bitcoin's short-term trend. If the data is weak, it may strengthen the market's expectations for an early rate cut by the Federal Reserve, pushing Bitcoin to test the $125,000 high in June; conversely, if the data is strong, the price may retreat to around $95,000.According to market observations, recent factors such as a slowdown in cryptocurrency ETF inflows and an increase in IPO activities may suggest that the market is facing adjustment pressure in the short term.

ChainCatcher news, according to official sources, YZi Labs recently announced an investment in the open-source hardware wallet project OneKey, aiming to enhance the security of global crypto assets and promote self-custody solutions.