Orange Evening Interpretation 6.18 The wallet has been bombed again. Although Iran has been infiltrated into a sieve and has little resistance ability, it seems that this one-sided war will end soon. However, Israel seems to not want a ceasefire so soon. Its goal is very clear, which is not only to pull out the tiger's teeth, but also to cut off all four legs, so that it can never threaten itself. So Israel has been pressuring the United States to give Israel weapons that can penetrate into the ground as soon as possible, so that Iran can destroy its secret nuclear weapons base buried dozens of meters underground. Trump actually wants to end the fight as soon as possible, but does not want to spend military support. This is Trump's consistent practice, that is, don't mention money. So Trump has been calling for Khamenei, saying that his position has been controlled, and he can kill you at any time. He hopes Iran can surrender unconditionally as soon as possible. As an 86 year old theocratic ruler, Khamenei's life is approaching, and his death should have no threat to him. Therefore, it may be difficult to surrender completely without resistance to a single soldier. If Israel strikes from the air to the ground, it may repeat the mistakes of Russia and Ukraine, This will prolong the war, which is the last thing the market wants to see. Last night, the stablecoin genius bill in the United States was voted through in the Senate. The next step is to submit it to the House of Representatives for review. After the two houses negotiate and unify the text, it can be sent to the President for signature. The market estimates that the House of Representatives will complete the review and vote within a few weeks. In theory, there is no suspense about the passage of this stablecoin bill. It can be seen from the fact that major institutions have begun to accelerate their participation in stablecoins, Jp Morgan has announced the launch of JPMD token on the base. Circle has been rising strongly since its IPO. Last night, other crypto stocks such as coin, strategy and Sun's srm began to fall, but circle still rose against the trend, which means that funds are focused here now. Other paypal have already pushed out pyusd. The popular plasma a few days ago is the stable currency and rwa agreement supported by paypal, not to mention Trump's USD1, from the perspective of the support of currency security, USD1 will become the most important stablecoin on the platform in the short term, just like BUSD did in the past. Last night, the US Treasury Secretary also expressed his opinion on the Genius Act. He believes that by 2030, the scale of on chain stablecoins will reach 37000 million, which is close to twice the current market value of the big cake. Such a large increase in funds will definitely lead to more than one knockoff bull market in the cryptocurrency market. However, as I said yesterday, in the future, knockoff bull market will no longer be dominated by chickens and dogs, but by clear distinctions between on chain infrastructure and leading players in various tracks. Many small coins can only drink soup, and even the existing old coins on CEX may not have anything to do with knockoff bull market. Therefore, the most important operation in this round of playing knockoff is to learn to change positions and make the knockoff bull market more competitive. Those projects waiting for the market to come to the rescue should be decisively cleared, and the focus of funds should be placed on projects that truly have users, funds, and resources. Then let's talk about the cryptocurrency stocks that everyone has been paying attention to recently. Currently, in addition to the standard cryptocurrency stocks that are applying for ETFs and can receive the largest amount of stock market funds, there are also many listed companies that are reserving cryptocurrencies, which are basically cryptocurrency stocks. The largest of these is definitely micro strategy, with the largest reserve of big cakes, including Tesla, followed by CEP, Mara, Riot, GLXY, CLSK, Hut, etc. In Japan, there is also Metaplanet. Last night, the US listed company Fold reportedly raised 250 million yuan to buy big cakes, while the UK listed company Vinanz and Spain's BBVA also need to reserve big cakes; In addition, there are ETH's cryptocurrency stocks sbet, Tron's cryptocurrency stocks SRM, Sol's cryptocurrency stocks Kidz, DFDV, UPXI, and so on, as well as XRP's VVPR and Fet's TRNR. Today, eyenovia, a listed ophthalmic company, announced a reserve of 50000 RMB for Hype. In short, there are many cryptocurrency stocks, and I personally do not reject cryptocurrency stocks. I believe this is the ultimate form of the so-called value coins in the previous rounds. If you don't even have a cryptocurrency stock, you really don't deserve to be called a value coin. I believe that in the future, there will be more cryptocurrency projects that can withstand the scrutiny and supervision of institutions like SEC. Crypto stocks will be the Trojan horse for the cryptocurrency industry to enter traditional finance, Coinbase is already applying for cryptocurrency and stock trading with the SEC, just like Robin Wood. Although this is a leftover from the previous FTX game, it has to be said that SBF's vision and direction are correct. I would like to call it Jia Yueting in the cryptocurrency circle. Other CEXs of different sizes will also soon support cryptocurrency and stock trading. The ultimate form of US stocks may be stock coins. In the future, truly good US stocks should have sufficient trading volume and liquidity on the chain, which is also related to the stablecoin bill, because the cryptocurrency circle lowers the threshold for finance, and ordinary people can enjoy financial services without complicated review. However, they have to eat one bite at a time. Now the first step is cryptocurrency and stock.