Gate Research Institute: Rain expands stablecoin Visa card services to encryption networks | Vance views stablecoin as a new pillar of US economic diplomacy

Crypto Market Overview

  • BTC (-2.05% | Current Price 105,688 USDT)

    • BTC price continues to fluctuate, failing to effectively stabilize after breaking through the 111,000 USD mark, and subsequent two attempts to challenge the 111,000 USD key resistance level have also not been successful. Currently, it is in a downward fluctuation phase, with support around 104,500 USD and resistance around 107,500 USD.
  • On Thursday, BTC ETF saw a net outflow of 359 million USD, ending a 10-day streak of net inflows. Among them, IBIT had a net inflow of 125 million USD in a single day, while FBTC experienced a net outflow of 166 million USD.

  • ETH (-4.40% | Current Price 2,596 USDT)

    • Gate market data shows that the ETH price has experienced a significant drop within 24 hours, previously forming a false breakout at the $2,700 level, and then fluctuating downwards to break below that point. In the short term, it is mainly characterized by a range-bound trading pattern. As of today, ETH's market share has risen to 9.4%, and the ETH/BTC exchange rate is currently reported at 0.0251.
    • On Thursday, ETH ETF had a net inflow of 91.9299 million USD, marking 9 consecutive days of net inflow, with ETHA having a net inflow of 350.4452 million and FETH having a net inflow of 38.3070 million USD in a single day.
  • Altcoins: Altcoins have recently shown a significant correction, with the Altcoin Season Index currently dropping to 20.

  • Macroeconomics:

    • The S&P briefly turned lower during the session due to trade policy uncertainty, and the market sentiment was cautious. The performance of the Big Seven of technology was divided, and Nvidia's stock price closed higher with strong first-quarter earnings. The Trump administration's plan to appeal the tariff ruling to the Supreme Court has added uncertainty to the tariff outlook. The S&P 500 closed up 23.62 points, or 0.40%, at 5,912.17; The Dow closed up 117.03 points, or 0.28%, at 42,215.73; The Nasdaq closed up 74.93 points, or 0.39%, at 19,175.87.
    • As of May 30 at 10:00 AM (UTC+8), the spot gold price is temporarily reported at 3,305.96 USD per ounce, with a 24H decline of 0.39%.

Trending Tokens on Jujin

ZBCN* Zebec Network (+ 31.29%, circulating market value 680 million USD)*

According to Gate.io market data, the current price of the ZBCN token is 0.0068 USD, with a 24-hour increase of 31.29%.

Zebec Network is a decentralized payment and infrastructure network designed to support continuous, real-time flow of funds. The project was established in 2021 and has received a $35 million investment from leading fintech companies and venture funds, including Circle and Solana Ventures. Zebec Network was initially built on the Solana blockchain and has now evolved into a multi-chain ecosystem, integrating multiple networks such as Ethereum, BNB Smart Chain, Tron, Sui, and others.

The current ZBCN price is still in a phase of continuous new highs, while market sentiment and demand have significantly increased. The number of active on-chain addresses for ZBCN has grown by nearly 40% in the past three months, and there has also been a slight upward trend in open contracts. The combined optimistic sentiment of the community has further contributed to the rise in price.

DEXE Dexe Network (+ 14.64%, circulating market cap 1.368 billion USD)

According to Gate's market data, the current price of the DEXE token is $14.231, with a 24-hour increase of 14.64%.

Dexe Network is an online, decentralized, and autonomous encryption asset portfolio environment that operates through autonomous smart contracts, including tools for virtual currency allocation and automatic rebalancing, and eliminates the risk of transferring digital wallet details, such as private keys and APIs or any crypto data provided to third parties, as well as addressing the issue of the lack of decentralized interconnection between users and successful traders within the DeFi framework.

DEXE has recorded a significant rise in the past 24 hours. From a technical perspective, this rebound is more of a strong repair within a downtrend. Currently, the price has not effectively broken through the upper boundary of the descending channel. The subsequent trend needs to focus on whether a technical breakthrough can be achieved to confirm the trend reversal signal.

WHITE WhiteRock (+ 65.46%, Circulating Market Cap 10.96 million USD)

According to the market data from Gate, the current price of the WHITE token is 0.0010 USD, with a 24-hour increase of 65.45%.

WhiteRock is a real-world asset protocol designed to tokenize the economic rights of traditional financial assets such as stocks, bonds, real estate, options, and derivatives. By connecting traditional finance with blockchain, WhiteRock unlocks global liquidity and simplifies access to equities, fixed income, and other investments. WhiteRock emphasizes transparency and efficiency, enabling users to trade tokenized assets seamlessly while complying with global regulations, reshaping the future of finance.

The recent surge of WHITE is mainly attributed to the boom in tokenization of US stocks, the rise of the RWA sector, technological and ecological advancements, increased market sentiment and investor interest, as well as positive outlooks on future application scenarios. Currently, the market sentiment towards WhiteRock is relatively positive, with its trading volume and turnover rate rising on multiple exchanges. Furthermore, according to Arkham data, the Trump family project World Liberty addresses have a history of transferring into WHITE tokens, indicating some well-known investors' attention and investment interest in the project.

Alpha Interpretation

Wans considers stablecoins as a new pillar of U.S. economic diplomacy.

On May 28, 2025, U.S. Vice President J.D. Vance delivered a speech at the Bitcoin 2025 conference held in Las Vegas, emphasizing the key role of the GENIUS Act in the development of stablecoins. He pointed out that the act will promote the widespread use of stablecoins as a digital payment system, providing convenience for millions of Americans while protecting the rights of holders and enhancing market transparency. Vance further stated that dollar-backed stablecoins will not threaten the dollar's status, but rather serve as a "force multiplier" for U.S. economic diplomacy.

The "GENIUS Act" promotes the adoption of stablecoins by providing a regulatory framework, facilitating low-cost and fast transaction experiences for users in payments and DeFi, while enhancing market transparency and security. Vance views it as a "force multiplier" for American economic diplomacy, promoting global influence through the USD stablecoin, increasing demand for government bonds, and countering international competition. This is a significant breakthrough that consolidates the United States' leadership in the Web3 and financial sectors, but it needs to address conflicts of interest and regulatory controversies.

Rain expands stablecoin Visa card services to Solana, Tron, and Stellar networks.

The encryption card issuer Rain now supports the Solana, Tron, and Stellar networks, allowing users to make payments with stablecoins in all scenarios that support Visa worldwide. This expansion significantly enhances the utility and accessibility of stablecoins, providing businesses with flexible options for issuing their own branded payment cards, compatible with both custodial and non-custodial wallets, covering diverse needs such as cross-border payments, daily consumption, and business payments and receipts.

This move not only enhances the real-world application scenarios of stablecoins but also accelerates the deep integration of cryptocurrencies with traditional finance, injecting momentum into Web3 payment innovation and further consolidating Rain's leading position in the global crypto payment field.

Donut Labs completed a $7 million seed round financing to create an AI-driven encryption browser.

The proxy-based encryption browser developer Donut Labs announced the completion of a $7 million seed round financing, led by HSG, Bitkraft, and HackVC, with participation from Matrix Partners, Sky9 Ventures, Makers Fund, and SonicSVM. Donut is an AI-driven encryption browser that integrates a native wallet, DEX, and on-chain automated execution features, capable of understanding user intent through a proxy model and automatically completing transactions and interactions, aiming to create a new generation of "financialized internet" gateway.

HSG's participation this time is seen as a positive statement from traditional capital regarding the trend of the integration of Web3 and AI, highlighting Donut's significant potential in the Web3 application layer. This round of financing will support product iteration, team expansion, and community building, promoting the evolution of the crypto user experience towards greater intelligence, and accelerating the implementation and popularization of blockchain technology in everyday internet use.

Gate launchpool

Project Details

  • Subscription Project: Sophon
  • Token Name: SOPH
  • New subscription time: until June 8, 2025, 20:00 (UTC+8)
  • Participation method: BTC, GT, SOPH
  • Individual participation limit: 10 BTC, 1,000 GT
  • Individual hourly reward limit: 2,275 SOPH

Project Introduction

Sophon is a platform dedicated to monetizing and rewarding the data we naturally generate through everyday practical consumer products, thereby nurturing the next generation of cryptocurrency users. Sophon takes blockchain beyond speculation, powering practical applications that people love and use daily, without the friction of traditional encryption experiences.
Reference:


[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry studies, trend predictions, and macroeconomic policy analysis.

Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate does not take any responsibility for any losses or damages resulting from such investment decisions.

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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