U.S. Personal Income MoM for June

The visibility of transaction data radically changes the data game for Crypto versus TradFi. Many still don't understand

Bitcoin's innovation high faces obstacles, is Ethereum at 4000 dollars just the beginning? Market Observation The U.S. House of Representatives has passed the GENIUS Act and the CLARITY Act, establishing a regulatory framework for stablecoins and clarifying the regulatory jurisdiction over crypto assets. These two bills have received significant bipartisan support, indicating that the long-sought regulatory clarity in the digital asset industry will gradually be realized. Meanwhile, there are reports that plans are underway to open the 401(k) pension market to investments in alternative assets such as cryptocurrencies, gold, and private equity, which could profoundly change the way Americans save and accelerate the mainstreaming of cryptocurrencies. In terms of monetary policy, Federal Reserve Governor Christopher Waller and Vice Chair Michelle Bowman are among the few officials publicly supporting a rate cut in July. In a speech in New York, Waller emphasized that although tariff policies have pushed up prices for some goods, core inflation has been below expectations for five consecutive months and wage growth has not accelerated.

The conference discussed the challenges and opportunities of Decentralization Physical Infrastructure Networks (DePIN) in robotics, including issues such as data collection, hardware limitations, and economic models. Despite facing bottlenecks, DePIN is expected to accelerate technological advancements through decentralized networks, promoting the widespread application and development of robotic AI.

BTC breaks through the $40,000 mark, analysis of the reasons behind it. The price of Bitcoin (BTC) recently surpassed the $40,000 mark, attracting widespread attention in the market. However, the conversion of a certain trust company's BTC trust fund into a spot ETF may have a negative impact on the BTC price. The market has already reacted to this news, but we cannot ignore the second part of "buy the rumor, sell the news." The market may see a sell-off when the news materializes, leading to a significant drop in BTC prices. In the coming years, the BTC price cycle may repeat itself. It is worth noting that the launch of ETFs could have a positive impact on cryptocurrency prices in the long run. However, the current market does not have the conditions to initiate a new bull market. We should not rule out the possibility of experiencing a small bear market phase before that. Speculators maximize profit potential by betting on these events. A certain BTC trust fund has been affected since the beginning of this year.

Crypto Assets Industry: Choosing Between Innovation and Tradition In the past year, the Crypto Assets industry has engaged in a two-way interaction with traditional finance, tech giants, and politicians. The token launched by a certain political figure marks the end of Crypto Assets liquidity, but the cooperation between both sides has just begun. Events such as the advisor from Pakistan, the mine in Bhutan, and the large-scale financing in the Middle East ultimately became the last straw that broke the camel's back for retail investors. In this situation, it might be better to go to the wishing well and be a turtle, perhaps gaining some comfort. The Crypto Assets industry is stagnant. Humans seem to always repeat the mistakes of history. When a certain Crypto Assets spot ETF is approved, many believe it will change the world. However, the prevailing view now is that it is merely a mapped asset of the fiat currency supply, unable to resist inflation or preserve value, and cannot drive a bull market after being withdrawn by the ETF. After a certain political figure launched a token, the market experienced a brief surge before returning to calm. Several Crypto Assets projects are taking self-rescue actions.