PANews reported on May 21 that Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, analyzed the GENIUS Stablecoin Act and pointed out that today, the yield on the 10-year U.S. Treasury bond has fallen back to 4.46%. If the bill is formally passed, it may further lock in short-term Treasury bonds in the market, lower long-term interest rates, and introduce more "dollar-style" liquidity to the chain, bringing new momentum for Bitcoin's rise. The bond market volatility index MOVE has also fallen back to 101. The Treasury's $40 billion Treasury bond repurchase this month is called "invisible QE" by the market, and the funding environment is quietly loosening. On-chain data shows that 97% of Bitcoin addresses are currently in a profitable state, and the Bitcoin spot ETF has another $330 million in funds in a single day, and the capital sentiment is obviously bullish. The options market is also optimistic, with BITO's put/call position ratio of only 0.40, meaning that most investors are betting on an increase.

If the treasury bond interest rate falls below 4.2% in the future, Bitcoin is expected to challenge its historical high again. In this context, stablecoin payment and on-chain financial management tracks, especially the TRX ecosystem (such as stablecoin payment) and Sonic ecosystem (stablecoin DeFi tools) are expected to become new hot spots.

It is worth mentioning that KAITO, the leader of AttentionFi analyzed in this week’s HTX DeepThink column, has risen by about 30% since the column was published. Previously, Huobi HTX has launched KAITO.