Gate Cryptocurrency News and Market Analysis

Standard Chartered's latest report reveals that stablecoin issuers are rapidly increasing their demand for U.S. short-term government bonds. It is projected that by the end of 2028, this new demand will reach 1 trillion dollars. Including the Federal Reserve's bond purchase program, the total demand for short-term government bonds could surpass 2.2 trillion dollars. This structural shift may force the U.S. Treasury to reallocate its debt portfolio or even suspend 30-year bond auctions for up to three years.

On February 23, the stablecoin USD1 under the DeFi project World Liberty Financial (WLFI), associated with the Trump family, temporarily lost its dollar peg, dropping to a low of 0.994 USD before quickly rebounding. WLFI characterized the incident as a hacker-led "coordinated attack," but rumors of Eric Trump deleting posts and an undisclosed insider trading investigation suggest that this storm is far from over.

Bitcoin has recently experienced a clear decline, with the market facing two simultaneous pressures. Major miner Bitdeer has liquidated over 2,000 coins in eight weeks, strategically shifting to an immediate sell-off mode; the U.S. Supreme Court ruled that Trump's tariffs were illegal, and a new wave of national security tariff issues has emerged, causing global risk assets to panic sell. Technical indicators have also worsened, with Bitcoin breaking below the triangle support, with short-term targets directly pointing to the critical $64,000 defense line.