Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
What exactly is the controversy surrounding the recent US crypto legislation? Many people have misunderstood. The regulators are not really targeting Bitcoin itself, but on-chain US dollars—specifically, yield-bearing stablecoins.
The logic behind this is quite painful: stablecoins can offer users 3–4% returns, while bank savings accounts earn less than 0.1%. It sounds innovative, but essentially, it’s "bloodletting." Coinbase ultimately withdrew support, and banks united in opposition. Their opposition isn’t against crypto per se, but because the US dollar no longer needs banking intermediaries. That’s the real core issue.
From another perspective, regulatory clampdowns do not mean crypto is failing. On the contrary—because on-chain finance threatens the traditional system, regulators are acting so aggressively. Bitcoin? It’s completely outside their scope.
Regarding institutional attitudes, BlackRock has recently moved over 9,000 Bitcoin from exchanges into cold storage wallets, nearly $1 billion worth. What does this signal? Institutions aren’t waiting for some big news; they’re quietly locking in their positions. History has repeatedly shown: when prices stagnate but holdings continue to leave exchanges, it’s rarely a top.
Looking at InfoFi, X has directly banned the "post and earn rewards" model. Projects like KAITO and COOKIE have dropped 15–20% in a single day. Some blame regulatory policies, but the truth is much harsher—without reward incentives, how much genuine demand do these applications really have? This decline isn’t so much bad news as it is a bubble being deflated.
Wait, BlackRock secretly accumulating so much Bitcoin, the institutions really have a clear understanding.
Doesn't this mean that stablecoins are the real threat? Bitcoin is actually being overlooked?
KAITO drops 20%, after removing incentives, no one is using it, which is the most heartbreaking.
So regulation isn't about strict suppression, but about protecting the banks' intermediary position? Heartbreaking.
Continuous outflow of chips from exchanges, this signal is not ordinary.
The use of the term "bleeding" is perfect; banks at 3-4% and 0.1%, the contrast is too obvious.
Now the question is, will stablecoins be completely frozen, or will they continue in a different form?
BlackRock's move is so low-key, clearly optimistic about the future market.
On-chain USD vs. bank USD, this is the real covert battle.
Stablecoins are just digging into traditional finance's corner. Who still dares to ask for 0.1% on a savings account? That's ridiculous.
BlackRock moved 9,000 BTC into cold storage. That’s the answer. With the chips locked in, just waiting for a rebound.
That wave of InfoFi really deserves to die. Without incentives, no one uses it. It's all just vapor projects.
Regulators can't block BTC, which actually indicates that the situation is serious.
BlackRock's secretive accumulation of coins shows that big funds are well aware of the situation.
Wait, are projects like KAITO and COOKIE just surviving on posting rewards? The bubble has just burst.
Regulation isn't against BTC; it's against the flight from the dollar and the banking system. That's the key point.
Annualized returns of 3-4% for stablecoins versus 0.1% at banks—this comparison is truly unbeatable.
Offloading chips doesn't necessarily mean the top; it might actually indicate that smart money is positioning itself.
That's why traditional systems are so eager to act—they're threatened.
This is the real purpose of regulation. Don't be fooled by superficial crypto legislation.
Mindless follow-the-leader projects deserve to die, but BTC's story isn't over yet.