);)
The stock price of Circle, the issuer of stablecoin USDC, surged 16% on the 18th following the Senate's passage of the GENIUS Bill, reaching an intraday all-time high of $176.
2. China Central Bank: "Digital Yuan to Expand International Payments"
The People's Bank of China announced that it will expand the use of digital yuan (e-CNY) internationally, aiming to challenge US dollar hegemony. On the 18th, at the Luzajui Forum attended by global financial regulatory officials, the central bank governor explained that they are envisioning a 'multipolar' monetary system supporting the world economy, and will explore international expansion of the digital yuan as part of this strategy.
3. Norwegian Firm K33 Issues Bond to Purchase 1000 BTC
Norwegian cryptocurrency firm K33 announced on the 18th that it will issue approximately 85 million krona (about 12.1 billion won) to purchase 1000 BTC.
4. Cynthia Lummis: "GENIUS Passage is Just the Beginning"... Highlights Potential Loss of Cryptocurrency Leadership
On the 18th, Senator Cynthia Lummis stated in a Capitol Hill speech following the GENIUS Bill's Senate passage that the US could lose its global leadership if it does not quickly pass cryptocurrency market structure legislation. Lummis emphasized that clear trading regulations and supervisory authority are crucial for market transparency and consumer protection. The GENIUS Bill is currently awaiting review in the House, and Senator Elizabeth Warren maintains her opposition, citing potential conflicts of interest between the former president and private stablecoin issuance.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
