<p><strong>Circle Internet Group</strong>(CRCL 20.92%) 的股票在國會山的所謂 &#34;加密周&#34; 中波動不定。例如，週二由於立法者在程序問題上出現障礙，股票下跌了 4.6%，這可能會推遲對幾項加密貨幣監管法案的投票。</p>
<p>但 Circle 的股票在週三飆升，截至東部時間下午 1:25 上漲了 17.1%。程序性障礙今天可能會得到解決，從而使加密周的監管行動恢復正軌——這還不是全部。</p>
<h2>國會山的加密戲劇</h2>
<p>除了對待待決加密法案的新進展跡象外，特朗普政府還在與美聯儲對抗。多家新聞媒體報道稱，特朗普想要解僱美聯儲主席傑羅姆·鮑威爾，而鮑威爾對降息措施的謹慎管理並不總是與白宮的議程一致。</p>
<p>Circle Internet 密切關注美聯儲的利率調整。該公司幾乎完全通過對其鉅額現金儲備的利息收入獲利，這些儲備支持着 <strong>USDC</strong>(USDC 0.00%) 穩定幣的恆定 1 美元價值。根據 2024 年底 Circle 為 USDC 支持所持有的 440 億美元儲備，降低聯邦利率 1 個百分點將使 Circle 的底線收益至少減少 5 億美元。</p>
<p>自那時以來，USDC 的市場價值已上升至 633 億美元，這增加了聯邦利率對 Circle 財務結果的影響。今天飆升的股價表明，投資者預計如果特朗普推動解僱鮑威爾，可能會出現動盪，甚至更高的利率。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1MTcvcGh5c2ljYWwtY29pbnMtZ2F2ZWwuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1MTcvcGh5c2ljYWwtY29pbnMtZ2F2ZWwuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>接下來會發生什麼？</h2>
<p>特朗普否認他計劃解僱鮑威爾，而行政部門可能沒有權力解除美聯儲官員的職務。因此，政治壓力將如何影響鮑威爾的利率調整仍有待觀察。今天的巨大價格跳升如果沒有國會投票戲劇加劇對美聯儲的猜測，將是沒有意義的。</p>
<p>在最理想的情況下，加密貨幣市場可能在本週結束時迎來期待已久的監管框架。無論規則是在鮑威爾的領導下實施還是由其他美聯儲主席實施，加密投資者都渴望監管的清晰性。作為領先的穩定幣管理者，Circle Internet 是加密政治發展的一個有用風向標。</p>
<p>此外，Circle 剛剛將 8 月 12 日定為其作為上市公司的首次財務報告日期。我迫不及待想看到這個穩定幣發行商的真實業績。</p>

CRCL

<p>Circle Internet Group (CRCL) 的股票在華盛頓特區經歷了一週波動的 “加密周” 中上漲了 17.1%。儘管由於立法延誤早前出現下跌，但該股的上漲是由於加密貨幣監管法案的程序性進展。投資者對美聯儲領導層可能的變化做出反應，隨着對特朗普總統關於美聯儲主席傑羅姆·鮑威爾意圖的猜測增加，Circle 的收益與利率密切相關，這對其 USDC 穩定幣有重大影響。該公司定於 8 月 12 日發佈作為上市公司的首份財務報告，投資者對此充滿期待</p>

<p>Shares of <strong>Circle Internet Group</strong>(CRCL 20.92%) have been volatile in this so-called &#34;crypto week&#34; on Capitol Hill. For instance, the stock fell 4.6% on Tuesday as lawmakers stumbled over a procedural issue, probably delaying any votes on several cryptocurrency regulation bills.</p>
<div class="lb-trans"><p><strong>Circle Internet Group</strong>(CRCL 20.92%) 的股票在國會山的所謂 &#34;加密周&#34; 中波動不定。例如，週二由於立法者在程序問題上出現障礙，股票下跌了 4.6%，這可能會推遲對幾項加密貨幣監管法案的投票。</p>
</div><p>But Circle's stock soared on Wednesday, gaining 17.1% by 1:25 p.m. ET. The procedural roadblocks may clear up today, perhaps getting the crypto week regulatory actions back on track -- and that's not all.</p>
<div class="lb-trans"><p>但 Circle 的股票在週三飆升，截至東部時間下午 1:25 上漲了 17.1%。程序性障礙今天可能會得到解決，從而使加密周的監管行動恢復正軌——這還不是全部。</p>
</div><h2>Crypto drama on Capitol Hill</h2>
<div class="lb-trans"><h2>國會山的加密戲劇</h2>
</div><p>Beyond the new signs of progress on the pending crypto bills, the Trump administration is facing off against the Federal Reserve. Several news outlets said that Trump wants to fire Fed chairman Jerome Powell, whose careful management of interest-lowering moves doesn't always align with the White House's agenda.</p>
<div class="lb-trans"><p>除了對待待決加密法案的新進展跡象外，特朗普政府還在與美聯儲對抗。多家新聞媒體報道稱，特朗普想要解僱美聯儲主席傑羅姆·鮑威爾，而鮑威爾對降息措施的謹慎管理並不總是與白宮的議程一致。</p>
</div><p>Circle Internet keeps a close eye on the Fed's interest rate adjustments. The company makes money almost exclusively by earning interest on its massive cash reserves, which are backing the constant $1 value of the <strong>USDC</strong>(USDC 0.00%) stablecoin. Lowering the federal interest rate by 1 percentage point would lower Circle's bottom-line earnings by at least $500 million, based on the $44 billion Circle held in reserve for USDC support at the end of 2024.</p>
<div class="lb-trans"><p>Circle Internet 密切關注美聯儲的利率調整。該公司幾乎完全通過對其鉅額現金儲備的利息收入獲利，這些儲備支持着 <strong>USDC</strong>(USDC 0.00%) 穩定幣的恆定 1 美元價值。根據 2024 年底 Circle 為 USDC 支持所持有的 440 億美元儲備，降低聯邦利率 1 個百分點將使 Circle 的底線收益至少減少 5 億美元。</p>
</div><p>USDC's market value has risen to $63.3 billion since then, which increases the impact Federal interest rates will have on Circle's financial results. Today's soaring stock price suggests that investors expect turmoil and maybe even higher interest rates if Trump pushes out Powell.</p>
<div class="lb-trans"><p>自那時以來，USDC 的市場價值已上升至 633 億美元，這增加了聯邦利率對 Circle 財務結果的影響。今天飆升的股價表明，投資者預計如果特朗普推動解僱鮑威爾，可能會出現動盪，甚至更高的利率。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1MTcvcGh5c2ljYWwtY29pbnMtZ2F2ZWwuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F825517%2Fphysical-coins-gavel.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>What's next?</h2>
<div class="lb-trans"><h2>接下來會發生什麼？</h2>
</div><p>Trump has denied that he's planning to fire Powell, and the executive branch may not have the authority to remove Federal Reserve officials anyhow. So it remains to be seen how the political pressure might affect Powell's rate adjustments. Today's huge price jump wouldn't make sense without the congressional voting drama amplifying the Fed speculation.</p>
<div class="lb-trans"><p>特朗普否認他計劃解僱鮑威爾，而行政部門可能沒有權力解除美聯儲官員的職務。因此，政治壓力將如何影響鮑威爾的利率調整仍有待觀察。今天的巨大價格跳升如果沒有國會投票戲劇加劇對美聯儲的猜測，將是沒有意義的。</p>
</div><p>In the best of all worlds, the cryptocurrency market could end this week with a long-awaited regulatory framework. Whether the rules are implemented under Powell or another Fed chair, crypto investors are craving regulatory clarity. As the manager of a leading stablecoin, Circle Internet is a useful bellwether of the political developments around crypto.</p>
<div class="lb-trans"><p>在最理想的情況下，加密貨幣市場可能在本週結束時迎來期待已久的監管框架。無論規則是在鮑威爾的領導下實施還是由其他美聯儲主席實施，加密投資者都渴望監管的清晰性。作為領先的穩定幣管理者，Circle Internet 是加密政治發展的一個有用風向標。</p>
</div><p>Furthermore, Circle just set Aug. 12 as the date for its first financial report as a public company. I can't wait to see the stablecoin issuer's real-world results in black and white.</p>
<div class="lb-trans"><p>此外，Circle 剛剛將 8 月 12 日定為其作為上市公司的首次財務報告日期。我迫不及待想看到這個穩定幣發行商的真實業績。</p>
</div>

Why Circle Internet Stock Jumped 17% Today

- Circle Internet Group 股票在國會的 “加密周” 中波動劇烈。  
- 股票因程序問題下跌 4.6%，但隨後上漲 17.1%。  
- 投資者期待加密法規的進展及美聯儲利率調整的影響。

為什麼 Circle 互聯網的股票今天上漲了 17%