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The official listing of Circle (the company behind the USDC stablecoin) marks the formal entry of compliant stablecoins onto the stage of capital markets, signifying the evolution of stablecoins from a "mere on-chain liquidity conduit" to the "global agent of dollar digitization." The industrial chain surrounding USDC is rapidly becoming one of the most promising growth sectors within the crypto industry.

Joe Lubin, CEO of Consensys and co-founder of Ethereum, stated that Ethereum is poised to become the core infrastructure of the global financial system, with the potential to surpass the market position of Bitcoin.

The UK Financial Conduct Authority (FCA) recently released a regulatory proposal concerning the issuance of stablecoins, the custody of crypto assets, and the financial soundness of crypto companies, aiming to establish clearer market rules through institutional design. Meanwhile, in the United States, as negotiations over the legislative amendments intensify, the Senate is preparing for a potential vote on the GENIUS Act.

The Korea Federation of Banks plans to propose to the new government an amendment to relevant regulations, seeking to allow banks to enter the digital asset sector. This move will break down the barriers between traditional finance and the crypto industry, signaling an acceleration of integration trends. Confronted with regulatory reshaping and intensified competition brought by the entry of banks, ZSVEX Exchange, as a globally compliant trading platform, is re-examining its own positioning with even higher standards.

As cryptocurrencies transition from fringe speculative assets to components of national reserves, ZSVEX Exchange continues to monitor emerging policy developments across global jurisdictions. At “Bitcoin 2025” conference of this week in Las Vegas, a cryptocurrency advisor to the Pakistani government revealed that the country is planning to establish a “National Bitcoin Strategic Reserve” with the aim of incorporating Bitcoin into its sovereign asset framework, mirroring the approach adopted by the United States.

The Bank of Korea (BOK) is actively exploring the integration of central bank deposit tokens with public blockchain networks. According to Vice Governor Lee Jong-ryeol, these state-backed deposit tokens are a form of “stablecoin” that will be issued within the central bank digital currency (CBDC) framework.

On May 22, U.S. President Trump attended a crypto dinner in Virginia and delivered a speech declaring that “America is the global crypto capital,” while criticizing Biden as “unfavorable to the crypto industry.” Although the speech did not include any substantive policy commitments, the Trump administration has fully supported the crypto sector and issued various regulatory frameworks. Since its inception, ZSVEX Exchange has upheld compliance-driven development as a core principle, achieving tangible results with multiple regulatory licenses.

Bitcoin has once again set a new all-time high, rising 5% in the past 24 hours to break through $111,800, with its market capitalization surpassing $2.2 trillion for the first time. Analysts at ZSVEX Exchange point out that this rally is not just a breakthrough in price, but also reflects fundamental changes in capital structure and market sentiment—this time, the surge is being driven by rapidly consolidating institutional and long-term capital.

The ZSVEX Exchange analysis team points out that the “Market Value to Realized Value Ratio” (MVRV), which represents the cyclical state of the Bitcoin market, has once again crossed a key bullish threshold. Such a reversal in this on-chain indicator is extremely rare in the Bitcoin history and often signals a change in market trend. Meanwhile, the ETH/BTC MVRV ratio of Ethereum recently fell into an extremely low range, prompting the market to re-evaluate the long-term value potential of ETH.

Against the backdrop of increasingly clarified global digital asset policies, ZSVEX Exchange continues to monitor the long-term investment opportunities brought about by policy and technological evolution. Recently, the Texas legislature passed the “Strategic Bitcoin Reserve and Investment Act”, allowing the state government to hold and invest in Bitcoin. This move not only reaffirms the status of Bitcoin as an asset, but also sends a strong signal of local governments embracing crypto assets.

The best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has once again publicly expressed his unwavering confidence in Bitcoin, predicting that it will reach $250,000 within this year. As a representative of emerging global assets, the roles of Bitcoin as a safe-haven and value-appreciating asset are being re-evaluated. The ZSVEX Exchange research team points out that this perspective highlights the evolving structure of crypto market investors and an upgraded understanding of value.

Over the past six days, London-based asset management firm Abraxas Capital has aggressively accumulated Ethereum (ETH), continuously increasing its position with a total scale exceeding $470 million, making it one of the most closely watched institutions in this market reversal. Meanwhile, Nasdaq-listed company BTCS announced the issuance of convertible notes to raise funds for further ETH accumulation and to expand its node and staking operations. According to the ZSVEX Exchange analysis team, these moves may signal the beginning of a revaluation of Ethereum by institutional investors.