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BlockBeats news, on May 13, the U.S. Senate confirmed Federal Reserve chair nominee Waller as a member of the Federal Reserve Board. (Golden Ten Data)

BlockBeats News, May 13th, Bitwise Chief Investment Officer Matt Hougan stated that with stablecoins and asset tokenization entering the mainstream financial system, "privacy" is becoming a core focus in the competition of crypto infrastructure. Recently, three blockchains focusing on stablecoins and tokenization scenes, Arc, Canton, and Tempo, have raised a total of over $1 billion, with a total valuation exceeding $100 billion. Among them, Arc under Circle was valued at around $30 billion and raised $222 million; Digital Asset, with a valuation of around $20 billion, is seeking $300 million in funding for the Canton blockchain; Tempo, supported by Stripe and Paradigm, has previously raised $500 million, with a valuation of $50 billion. In a blog post, Hougan pointed out that this round of funding frenzy reflects three major trends: the gradual clarity of the U.S. regulatory environment, the increasing market demand for privacy-oriented blockchains, and the intensifying competition between enterprise-backed crypto networks. He believes that traditional public blockchains have long faced trade-offs between speed, cost, and security, while the stablecoin and RWA tokenization scenes have a higher demand for "privacy, compliance, and security." Compared to fully transparent public blockchains, institutions prefer that transaction data is not publicly exposed. "If a company broadcasts every operation to the world before the transaction is completed, or if employee salaries can be viewed by any blockchain explorer, then transparency is not an advantage but a flaw," Hougan said. He also mentioned that with the U.S. Congress passing the "GENIUS Act" in 2025, institutional confidence in investing in crypto infrastructure has significantly increased, and regulatory clarity is driving more traditional capital into the on-chain financial market.

BlockBeats News, May 13th, according to Bitget market data, Micron Technology saw its price drop widen to 10%, after previously accumulating a 147% increase over 29 trading days.