Odaily News Arthur Hayes, co-founder of BitMEX, recently wrote that the U.S. Treasury Department's support for the issuance of stablecoins by large banks in TBTF is one of its key policies to cope with huge fiscal deficits and national debt pressures. He believes that this will release up to $6.8 trillion in purchasing power for short-term Treasury bonds (T-bills) and drive financial markets up. At the same time, if the Federal Reserve stops paying interest on bank reserves (IORB), it will also release an additional $3.3 trillion in funds into the Treasury market. Arthur Hayes said that although this policy combination is not quantitative easing (QE) in the traditional sense, it will have the same upward momentum for fixed supply assets such as Bitcoin. He predicts that after the passage of Trump's spending bill and the increase in the debt ceiling, the U.S. Treasury will issue bonds to supplement the Treasury Account (TGA), which may suppress market liquidity in the short term, and Bitcoin may consolidate around $100,000, with a pullback low of $90,000 to $95,000. But after liquidity is restored in early September, a new round of increases will begin. Arthur Hayes concluded that the real stablecoin narrative lies not in FinTech companies, but in the "financial weaponization innovation" of TBTF banks using stablecoins to reconstruct compliance, costs, and the purchasing power of government bonds. He advised investors to "go long on Bitcoin and JPMorgan Chase" and embrace this new liquidity cycle led by the Treasury Department.

Odaily News According to @lookonchain, wallet addresses suspected to be related to Matrixport have withdrawn a total of 30,734 ETH from Binance and OKX in the past 24 hours, with a total value of approximately US$78 million at current prices. Ask ChatGPT

1. 比特币波动率降至 2023 年以来的最低水平，历史上仅出现过 7 次； 2. Jupiter 旗下代币发射平台 Jupiter Studio 上线； 3. 四名共和党议员反对特朗普税收法案的程序性投票； 4. MELANIA 团队解锁 2,500 万枚 MELANIA，价值约 523 万美元； 5. 某用户投入 45 美元 3 分钟获利 30 万美元，或因巨鲸操作失误所导致； 6. Upbit 上线 MOODENG 韩元、BTC、USDT 交易对； 7. PayPal 联创等科技富豪筹建新银行，服务加密与 AI 初创企业，计划将稳定币纳入资产负债表； 8. 观点：Robinhood 若获得成功将消灭 90%的金融中介机构； 9. 8 年前囤积 ETH 鲸鱼向 Gemini 转入 4100 逾枚，价值约 1051 万美元； 10. 10x Research：比特币或将迎来夏季爆发，市场关键窗口开启； 11. USELESS 今晨突破 0.28 USDT，市值最高达 2.8 亿美元； 12. 港股多点数智一度上涨 90%，已配置 BTC 并拟申请香港稳定币牌照。

Odaily News According to Arkham monitoring, Abraxas Capital has shorted more than $430 million in crypto assets on the chain, and its short account has lost $40 million in the past 10 days. Abraxas Capital also has other long hedge positions.

Odaily News OKX market data shows that due to the listing on Upbit, MOODENG rose by 30% in a short period of time, reaching 0.24 USDT, and is currently quoted at 0.22 USDT.

Odaily News According to official news, Upbit will launch MOODENG Korean Won, BTC, and USDT trading pairs, and trading is expected to open at 17:00 local time on July 3.