Today's work is much simpler than yesterday. There is neither complex macro data nor overly sensitive information. The biggest event is that Trump signed the Stabilizing Currency Act in the White House. From the moment of signing, the United States has taken a huge step in the field of cryptocurrency. Stabilizing currency can be said to be the foundation of cryptocurrency, and also an extension of US dollar hegemony in the blockchain field. Not only Trump, the Ministry of Finance, the Federal Reserve and even the judicial system are looking forward to the birth of this bill. There were 102 votes from the Democratic Party in yesterday's vote. It can be said that the stable currency bill represents the attitude of the United States towards cryptocurrency. The regulation will come into effect 18 months after its adoption or 120 days after the final regulation is published, whichever comes first. The regulations implementing this bill must be published within one year after its promulgation. The successful signing of the stablecoin bill marks the entry of cryptocurrency from the era of greenness into the federal regulatory system in the United States and even globally. It is an important step for the United States to win global digital financial dominance through stablecoins denominated in the US dollar, and also opens a new window of opportunity for compliance agencies, financial giants, and innovative companies. The next step is for stablecoin companies to apply for a license to pay stablecoin issuers (PPSIs). Currently, both USDC PYUSD and USD1 are eligible to apply, but if USDT cannot obtain the license, it will have to leave the US market after three years, even in the secondary market. There is nothing else. Although several officials of the Federal Reserve came out to speak today, their impact on the market is too low. The only one with a little comic effect is Waller. He said that if Trump allowed him, he would be willing to assume the responsibility of the chairman of the Federal Reserve, but said that Trump had never contacted him. The turnover rate of Bitcoin data continues to decrease, and investors' FOMO sentiment is beginning to weaken. BTC's purchasing power in ETFs is decreasing, while ETH is rising. Tomorrow is the weekend, and liquidity will significantly decrease. It is time for sentiment to show. It is unknown whether the continuously rising ETH can drive the arrival of the knockoff season over the weekend, or if the market enters a correction period due to the weakening of FOMO. At present, the supporting data is still very stable, and the decrease in turnover has reduced the pressure on prices. Of course, what is important is the willingness of investors to buy. As we have mentioned before, the price increase in the first half of this round is not due to an increase in purchasing power, but to a decrease in selling. However, after exceeding $120000, BTC's selling has indeed increased. If purchasing power decreases, it is likely to fluctuate for some time. But as long as there are no obvious negative factors, I believe the price of BTC can still be relatively stable. Let's talk about it after this weekend. Data address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This article is sponsored by Bitget | @ Bitgetzh