Bridged USDTの‌価格

大的要来了！Utexo 宣布即将在 UniSat 钱包里接入 BTC 上的原生 USDT。Utexo 是 Tether 支持下、专门把 USDT 重新接到比特币（RGB + 闪电网络）上的基础设施公司。官方说 RGB 资产也会一起打通。不是包装资产，也不是侧链上的 USDT。以后在 UniSat 钱包里就能直接收、发、换 USDT。UniSat 作为持续建设 BTC 生态的项目方，最近确实有一系列动作，都是为今后生态铺路：FIP-101 普通人参与索引挖矿；FIP-102 是 FB 减半，并额外把一部分预留到 BTC 主网；FIP-103 还没透露更多，管的是 FB 在主网如何分发；钱包、API 接口文档统一化、一笔多打多资产这些小内容也在完善。另一边 Fractal 官方刚发倒计时：第一次减半只剩不到 4 天。210 万区块不只是减半，FIP-102 的共识变更会一起激活。节点升级已经给到运行节点的人，提案也定稿了。接下来官方动作应该不会少，值得开始重点关注 BTC 生态上的机会点。#FB #UniSat $FB

BTC/USDT

Foreign media analysis suggests that stablecoin issuers pay close attention to US Treasury yields because a large portion of the reserve funds behind USDT and USDC are typically allocated to highly liquid assets such as short-term US Treasury bonds. For these companies, interest rate changes directly impact the revenue generated per dollar of reserves. Short-term US Treasury Bonds Determine Reserve Returns USD stablecoins typically promise to redeem dollars at a near 1:1 ratio. To support this mechanism, issuers need to hold cash and highly liquid assets. Short-term US Treasury bonds, due to their high liquidity, low credit risk, and ability to provide interest income, are an important part of the reserve portfolio. The article cites an example: if a stablecoin issuer holds $100 billion in interest-bearing reserves, with an average yield of 5%, the annualized interest income would be approximately $5 billion; if the yield drops to 4%, the income would drop to $4 billion; and if it further drops to 3%, it would be approximately $3 billion. Stablecoin Holders Typically Do Not Receive This Return The article points out that stablecoin holders typically do not directly receive this portion of the US Treasury bond yield. Users hold on-chain USD with a price that is kept as stable as possible around $1, while the interest generated by the reserve assets primarily belongs to the issuer. This is also one of the important sources of revenue for stablecoin businesses. The larger the circulating supply of a stablecoin, the more reserve assets can be allocated, theoretically leading to higher interest income. However, if short-term interest rates decline, the yield per unit of reserve will shrink accordingly. Circle and Tether are both affected by interest rates. The article states that Circle's financial disclosures better reflect this model. As the circulation of USDC increases, Circle's manageable reserve assets increase accordingly, thereby increasing interest income. However, if the yield on short-term US Treasury bonds declines, the income generated per dollar of reserve will also decrease. Tether faces the same basic logic. USDT is already the world's largest stablecoin, and Tether therefore controls a huge reserve pool, a significant portion of which is allocated to US Treasury bonds and other short-duration assets. According to the example in the article, if an issuer holds $150 billion in interest-bearing reserves, and the average yield drops from 4% to 3%, with the asset size and structure remaining unchanged, the annualized interest income will decrease by approximately $1.5 billion. Interest Rate Cuts Will Compress Issuer Profits The article argues that Federal Reserve interest rate cuts typically lower short-term Treasury yields, which weakens the profitability of stablecoin reserve portfolios unless other factors offset this impact. Issuers may respond by increasing stablecoin circulation, developing payment products, reducing costs, expanding into international markets, or establishing more revenue streams. The article also points out that stablecoin competition is not just about technology, but also involves distribution capabilities, circulation scale, and reserve size. For those observing this industry, simply looking at token circulation is insufficient; attention should also be paid to stablecoin supply, average reserve yield, and US short-term Treasury yields.$BTC

Here is a complete overview of the important market movements that took place yesterday and the technical conditions (Technical Analysis) that can be expected over the next few days: 📊 2. Bitcoin (BTC) Daily Chart Analysis SFP (Swing Failure Pattern) Setup: On the daily chart, liquidity above the previous High was taken, and the Daily Candle closed below the previous High. Based on this, a Short Trade opportunity can be expected. The Stop Loss should be placed slightly above the upper Wick, with the estimated risk being around 1.4%. However, if a Daily Candle closes above this SFP level, the setup will be invalidated. RSI Divergence: A Bearish Divergence appears to be forming on the Daily RSI, but it has not yet been confirmed. For confirmation, a red candle needs to form and break its Low in the coming days. 📅 3. Weekly Chart Setup There are approximately 3 days remaining before the Weekly Candle closes. If this candle closes above the 50 Weekly Simple Moving Average (SMA), it would be a highly Bullish signal. Furthermore, if the previous High is also broken, we can say with approximately 90%–95% confidence that the market Bottom has already been formed. 🛒 4. Spot Buying Updates Successful Spot Buys were made during the September 2nd Retest, and the current average entry prices are: BTC Average Entry: ~$66,950 ETH Average Entry: ~$2,075–$2,079 SOL Average Entry: ~$82.5 BNB Average Entry: ~$640 💵 5. USDT Dominance USDT Dominance is currently declining (Dumping). If it falls toward the 6.32% level, there is a strong possibility that BTC could rise toward the $72,000 level. However, if USDT Dominance bounces from the current Support Zone, BTC could experience a short-term Pullback before potentially moving higher again. ⚠️ Note: Always manage your risk carefully and use proper Risk Management when executing your trades!