Gate Cryptocurrency News and Market Analysis

Mizuho Financial Group research shows that USDC's adjusted trading volume will reach $2.2 trillion in 2026, surpassing USDT's $1.3 trillion for the first time, demonstrating its growth in the stablecoin market. USDC performs better in regulated markets, while USDT maintains dominance in emerging markets, reflecting geographic differentiation in the stablecoin market. This phenomenon is closely related to the different regulatory strategies adopted by both.

Decentralized lending platform Venus Protocol recently suffered a supply cap manipulation attack targeting the Thena token, resulting in losses exceeding $3.7 million. The attacker accumulated tokens over 9 months through gradual methods, ultimately bypassing the supply cap and manipulating the price to cause massive asset borrowing. The platform has suspended related lending and withdrawal functions to mitigate risks, exposing systemic vulnerabilities in DeFi protocols regarding long-term monitoring and low-liquidity tokens.

Bitcoin closed last week above $70,000, marking its highest level since March. White House advisor Sacks' anti-war statement drove a market rebound, demonstrating the importance of cryptocurrency in the geopolitical environment. Technical analysis shows Bitcoin holding steady at key support levels, with potential for further gains toward $75,000 to $80,000. Markets remain vigilant about geopolitical risks, which could impact near-term movements.