$BTC

On the 100th day of Trump's presidency, Wall Street felt like it was sitting on the mouth of a volcano — the Executive Order No. 77 on the Financial System that he signed directly blew the cryptocurrency industry sky high. Hidden within the document were two nuclear-level clauses: the Treasury Department is to establish a 'Dollar Stablecoin' to counter USDT, while ordering the SEC to provide clear standards for token securities within 90 days. Bitcoin responded by breaking through $100,000, while Coinbase saw its stock price crazily fluctuate and trigger trading halts three times in one day.

The most exquisite part is the political calculation; this executive order was deliberately issued on the eve of the Federal Reserve's interest rate meeting. Now Powell is being grilled — having to deal with Trump's demand for a '500 basis point rate cut', while also managing the resulting dollar collapse. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third wildly pouring into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly collectively shifted to support cryptocurrency regulation because their financial backers discovered that the new tax law allows for anonymous political donations using cryptocurrencies.