HashKey transaction timeEthereum stabilizes at $3000, Bitcoin's $115000 defense line in crisis? The controversy over the Federal Reserve's "renovation door" continues to ferment. Trump personally went to the Federal Reserve headquarters to pressure Chairman Powell on the $3.1 billion renovation cost issue and repeatedly urged interest rate cuts. Despite unprecedented political pressure, economic fundamentals show that the US financial environment has become extremely loose: the Chicago Fed's broad financial condition index has fallen to a three-year low, the S&P 500 and Nasdaq have reached new highs driven by demand for Google AI, money market funds have reached $7.1 trillion, and household deposits remain at a high of $4.46 trillion. Stablecoins are still the main narrative in the current market, and Jeffrey Ding, Chief Analyst of HashKey Group, has put forward a prospect for the future application of stablecoins. He believes that their large-scale adoption will mainly focus on three areas: B2B settlement, encrypted assets and DeFi ecology, and the expansion of sovereign finance. For Bitcoin, multiple analysts have warned of short-term downside risks. The key range that analyst Crypto Chase is focusing on is in the mid $113000 range. In contrast, Ethereum has shown relatively strong performance, with the Glassnode model showing solid support in the $2000 to $3000 range, with key resistance at $4500 above. Market funds are flowing from Bitcoin to Ethereum and other altcoins, but the full "shanzhai season" has not yet been confirmed. By @HashKeyExchange & @PANewsCN