📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
GENIUS Act: A Game-Changer for Stablecoin Regulation and the Crypto Market
The U.S. has taken a major step with the GENIUS Act, a new federal-level plan to regulate stablecoins. This law is expected to transform the digital asset space in three key ways:
1. Big Institutions Are Coming
The GENIUS Act sets clear rules for stablecoin issuance and reserves, which will attract giants like BlackRock and Fidelity to join the crypto space.
2. USD Digital Dominance
Stablecoins must now be backed by short-term U.S. Treasury bonds, creating a closed loop of stablecoin issuance and U.S. debt returns. This strengthens the dollar’s global power in the digital economy.
3. Cleaning Up the Market
New capital and transparency requirements will eliminate weak or non-compliant stablecoin projects, allowing top players to grow stronger.
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Market Reaction
Crypto market cap is now close to $4 trillion, with Ethereum (ETH) jumping over 7% in 24 hours to a new high of $3,418. Altcoins like TRX and SOL are also rising fast. With USDT and USDC gaining regulatory clarity, Ethereum’s role as the leading smart contract platform is getting stronger. As Bitcoin shows volatility, capital is flowing into high-potential altcoins — forming a trend of “Bitcoin leads, altcoins perform.”
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Global Impact
This bill puts the U.S. in the driver’s seat for Web3 regulation. By linking stablecoins to U.S. Treasuries, the U.S. is setting the tone for global crypto rules. This will push the world towards stablecoin compliance and USD centralization, creating both opportunities and risks for blockchains like Ethereum.