4E: The risk of government shutdown is approaching, Cook admits to holding coins, and the long-term logic of Bitcoin is being discussed again On September 30th, according to 4E observations, the US government shutdown crisis is approaching again. The funds are due on September 30th, and Trump will meet with senior members of Congress on September 29th. If the spending bill is not passed, millions of federal employees may be affected. Deutsche Bank analysts warn that this is the first high-risk window of government shutdown since 2018-19. Trump even said before, "If the government has to shut down, then shut it down In terms of the cryptocurrency market, Apple CEO Cook confirmed that he personally holds Bitcoin and Ethereum, and stated that it is a "reasonable allocation strategy" in his investment portfolio, indicating that cryptocurrencies are gradually being recognized by more mainstream technology leaders. Meanwhile, renowned analyst PlanB believes that the Bitcoin bull bear boundary has emerged in June 2025 and may enter a long-term stable upward cycle in the future. In terms of institutional perspectives, Cathie Wood stated that Ethereum is unlikely to surpass Bitcoin, and Bitcoin's economies of scale will continue to expand. However, she revealed that she has recently purchased BitMine stocks to indirectly lay out the ETH ecosystem. At the macro level, Citigroup's latest report has raised its forecast for the stablecoin market size in 2030 to a baseline of $1.9 trillion, with an optimistic scenario of up to $4 trillion and corresponding trading volume potentially exceeding $200 trillion. The current market value of stablecoins is approximately $296.8 billion, with USDT accounting for nearly 59%, indicating that the market is still in its early stages. 4E reminds investors that macro uncertainty combined with the gradual integration of the cryptocurrency market into the mainstream financial system presents both short-term risks and long-term opportunities. Investors need to pay attention to the progress of the US fiscal game and stablecoin regulation, and seize structural opportunities.