News linked to both this project and an event.
According to independent analyst Markus Thielen, Bitcoin is down 16% year-to-date and is entering its historically seasonally weak June window—over the past decade, June’s average return has been just +0.7%. However, this year’s May rally significantly underperformed the historical average, raising the probability of a seasonal reversal. Meanwhile, several catalysts are set to materialize soon, including U.S.-regulated crypto perpetual futures products and Nasdaq CME Crypto Index Futures (scheduled for launch on June 8). If these bring new buying support, Bitcoin could stage a short-term rebound.
According to chart analysis released by independent analyst Markus Thielen on May 19, the current market capitalization of USDT has reached $189.8 billion, while that of USDC stands at $76.9 billion—both exhibiting long-term upward trends. However, since Bitcoin entered a correction phase in October last year, the total market capitalization of stablecoins has remained largely flat, indicating relatively limited inflows of new capital into the crypto market. Thielen noted that although there is a widespread belief that stablecoins will fully replace traditional payment networks, their primary use cases remain concentrated on crypto trading and portfolio management—still far from achieving mainstream payment adoption. While U.S. policy broadly supports stablecoin development—partly because their reserve assets are often reallocated into U.S. Treasury securities—the gap between current usage and true mainstream payment application remains substantial.
BIT announced Matrixport Technologies Ltd has officially obtained approval from the British Virgin Islands Financial Services Commission (BVI FSC) for a Category II Investment Business License (Arranging Deals in Investments) under the Securities and Investment Business Act (SIBA), as well as VASP registration under the Virtual Asset Service Provider Act (VASP Act).
BIT's official Chinese-language market analysis stated that Circle's stock price rose 16% overnight, currently approaching its March 2026 high. The market is pricing in expectations that uncertainty surrounding crypto regulation may ease.BIT indicated that this week could become a critical juncture for the advancement of the CLARITY Act, with the market generally viewing Circle as a direct beneficiary of regulatory clarity. It also noted that USDC market capitalization has maintained steady growth lately, and Circle's recent rally reflects market expectations for potential favorable policies and regulatory developments, rather than short-term fundamental improvements.BIT believes that if digital asset regulatory rules are further clarified, it could not only provide support for Bitcoin but also encourage more institutions to participate in the market.