Gate Cryptocurrency News and Market Analysis

Bitcoin (BTC) is priced at approximately $68,040, failing to continue its rebound. Trump mentioned that stablecoin legislation faces banking threats and called for advancing related bills. Mizuho Securities raised Circle's target stock price to $100, maintaining a neutral rating. U.S. stocks closed lower amid volatility due to the Middle East conflict, with investors concerned about geopolitical uncertainties.

Bridgewater Associates founder Ray Dalio criticized Bitcoin in a podcast, calling it "digital gold," emphasizing that gold is the most mature form of currency, and highlighting three major risks of Bitcoin: lack of central bank backing, insufficient privacy protection, and the threat of quantum computing. He believes that gold's independent hedging characteristics have an advantage in geopolitical conflicts, while Bitcoin is more of a high-risk asset. Therefore, Dalio questions whether Bitcoin can truly serve as a safe haven during crises.

Chairman Michael Selig of the U.S. Commodity Futures Trading Commission (CFTC) stated that the CFTC plans to launch cryptocurrency perpetual futures within the next month to attract liquidity back to the U.S. market. He emphasized that the lack of legislative certainty limits the actions of regulatory agencies and pointed out that progress on the Market Structure Bill remains behind schedule. Additionally, Selig is currently the only CFTC commissioner confirmed by the Senate, highlighting the challenges in advancing policy.