May. 26 at 8:30 AM
$ICG Web3 Weekly Insight: #Bitcoin Hits Historic High , #HongKong Passes #Stablecoin Bill Draft
📊 Market Moves
-#Bitcoin surged past
$110,000, hitting a record high of
$111,970,market sentiment remains subdued
-#Ethereum dipped 0.4% WoW, primarily due to Friday’s tariff impact, though ~60% of on-chain addresses remain in profit.
🌍 Macro Watch
-EU tariffs & a tepid 20-year Treasury auction & increased tariffs on Apple—have heightened risk-off sentiment in the markets.
-The U.S. Dollar Index declined while Treasury yields rose.
-COMEX gold climbed to
$3,357.7 per ounce, marking a 4.75% weekly gain.
🏛️ Development of #Stablecoin
-The U.S. stablecoin bill passed a motion to proceed with debate
-Hong Kong's Legislative Council approved its own stablecoin regulatory bill.
$INTCHAINS #Web3 #Crypto #Bitcoin #Ethereum #stabelcoin
https://medium.com/@minty1204/icg-web3-weekly-insight-bitcoin-hits-historic-high-hong-kong-passes-stablecoin-bill-draft-b9a789f04168