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Crypto market turmoil: Middle East situation triggers risk aversion, Bitcoin falls below $103,000. Recently, global financial markets have been experiencing frequent risk events, and geopolitical tensions continue to rise. Israel has launched airstrikes on multiple targets within Iran, leading to a sharp increase in international risk-averse sentiment, with prices of gold and crude oil soaring. Meanwhile, an aircraft en route to the UK has encountered an accident, resulting in significant casualties. The domestic situation in the United States is similarly turbulent, with riots and protests occurring in multiple locations. In terms of monetary policy, the Federal Reserve has maintained a high interest rate stance since December of last year, and the market expects the possibility of two rate cuts starting in September. In this complex macro environment, an analyst pointed out that the global crypto asset market will experience a key turning point from retail-driven to institution-led in the first half of 2025. Bitcoin reached an annual high of $110,000 in May, and the continuous influx of institutional funds is driving the shift of crypto assets from speculative products to asset allocation tools. Crypto concept

Stablecoin sector: the next trillion market capitalization rise point Blockchain technology is essentially an extension of payment scenarios. In the payment field, stablecoins not only hold an important position in the cryptocurrency market but also play an increasingly significant role in global payments, cross-border settlements, and other aspects. Currently, centralized stablecoins still account for over 90% of the market share, with USDT holding an absolute dominant position among stablecoins. Although stablecoins have been issued in excess of $150 billion, compared to the Federal Reserve's 2024 report of $20 trillion in M1 money supply, the market capitalization of stablecoins accounts for only 0.75%. The application prospects of stablecoins in the payment field are broad. The launch of the Taproot Assets protocol indicates that stablecoins are expected to be widely used in high-frequency micro-payment scenarios, becoming a conventional payment method. 1. Stablecoin: The future trillion-dollar market The booming development of the stablecoin market shows that it is expected to become a leading force in future finance.

JUST IN: 🇺🇸 Publicly traded BitMine Immersion buys 163,142 $ETH worth $500 million for its treasury.