One, the core of the bill: Epic liquidity

Last night, Trump signed the (Big and Beautiful Act) (OBBBA), which violently raised the federal debt ceiling by $5 trillion (from $36.1 trillion to $41.1 trillion), this is not only a paper game for politicians but also a superfuel released into the global market:

The floodgates of the Treasury TGA account have opened: the current balance of $372.2 billion has reached a yearly low, and from July to September, over $1 trillion in cash will be released to replace existing debt

Corporate tax reduction of $4 trillion for targeted irrigation: manufacturing tax rates permanently locked at 21%, chip factory tax credits soaring to 35%, corporate cash flow skyrocketing has become a certainty

Key inference: The tsunami of dollar liquidity will first impact the US stock market (buyback wave + equipment investment), but the crypto market will become the biggest beneficiary of the spillover—historical experience shows that when traditional market liquidity is overloaded, 10%-15% will migrate to crypto assets

Two, triple opportunities in the crypto market

1. RWA asset anchoring track welcomes a golden window

The military and infrastructure orders spurred by the bill will inevitably accelerate the tokenization of on-chain assets

Robinhood and Arbitrum have taken the lead in tokenized stocks (including SpaceX/OpenAI), and EU users can trade US stocks 24 hours a day

Germany's largest bank Sparkassen's BTC/ETH trading service will be implemented in 2026, traditional entry expansion is imminent

2. The SOL staking ETF opens the 'compliance leverage effect'

The first US crypto staking ETF (REX-Osprey SOL Fund) will launch this Wednesday

Dual revenue engines: spot price increase + compound growth model of staking income will attract conservative institutional funds

The altcoin season index has risen to 24 (historical threshold 30), and SOL's weekly increase of 12% is just a warming signal

3. The Fed's interest rate cut path establishes the market bottom

The interest rate cut in September has become a consensus within the Fed (pending confirmation of the August tariff negotiations)

The current interest rate range of 4.25%-4.50% is the best period for crypto assets to establish a bottom

Historical data shows: positioning in BTC three months before an interest rate cut yields an average return of 58%

Three, the code of smart money

1. Military-Industrial-Energy-Crypto triangular closed loop
Defense orders spurred by the bill (reality) → Energy demand surges (off-chain) → Mining companies' computing power expansion (on-chain), focus on Bitmain and Hut 8's financial report inflection points

2. Gold + BTC hedging combination
The world's top 30 hedge funds have increased their crypto exposure to 7.2% (Q1 report), using gold to hedge geopolitical risks and BTC to capture liquidity premiums

3. Grasping the pledge income targets tightly
The SOL ETF is just the beginning; the ETH staking rate has exceeded 42%, validating the trend, focusing on Lido, SSV, and other income protocols

Summary: Layout in August, harvest in September

While mainstream media is still debating the 'debt ceiling', we have already seen:

1. The liquidity release from TGA (July-September) resonates with the Fed's interest rate cuts (September) in a dual cycle

2. Tokenized stocks open traditional capital inflow channels (the Robinhood case has been verified)

3. The overflow of corporate tax reduction funds preferentially targets high-yield crypto assets (Coinbase's stock price rising 42% in a month is a precursor)

This world never lacks liquidity, only lacks the eyes to discover liquidity.