Good afternoon, everyone. With the passing of both the CLARITY and GENIUS bills last night, how should we position ourselves going forward?

Last night, the House of Representatives passed the CLARITY bill with a vote of 294 to 134, clarifying the regulatory authority of the SEC and CFTC. On the same day, the GENIUS bill also completed approval from both the House and Senate, and is now sent for presidential signature, expected to take effect on July 19. After the two major bills are implemented.

After these bills pass, the industry will immediately reap several major benefits:

Stablecoin Compliance: USDC and USDT have obtained 'bank licenses', with the entire process of asset collateralization and coin issuance being regulated, enhancing the credibility and liquidity of stablecoins, making institutions and large holders more at ease to invest.

Clear Compliance Path: CLARITY delineates the boundaries between the SEC and CFTC, allowing project parties to save countless compliance costs and litigation risks, significantly speeding up development and launch.

Institutional Large-Scale Entry: One-stop compliance in DeFi sectors such as staking, lending, DEX, and derivatives, with expectations for the next wave of institutional capital influx to officially land.

Privacy and Freedom on Public Chains Guaranteed: The anti-CBDC bill provides multi-layered privacy protection for on-chain users, with the Federal Reserve's digital dollar being put on hold, ensuring that the decentralized ecosystem is not locked down by a single government order.

Developer Confidence Reshaped: Watching regulators sit down to set rules, developers can confidently create products, and users can use them with peace of mind, leading to a more robust and sustainable growth for the entire ecosystem.

ETH Trading Strategy:

Short-term outlook: #ETH突破3600 ETH has now stabilized above the $3,600 level, with the Bollinger Bands opening upwards and the 4-hour EMA showing a bullish arrangement, indicating that short-term momentum remains strong. Behind this round of market movement, there is not only an institutional-level inflow of $727 million in spot ETFs in a single day but also a strong buying intention from whale addresses with a net increase of 1.49 million ETH in July, suggesting that there is still room for long positions. Currently, the key resistance to watch is at the $3,625 level; if it breaks steadily, it will target $3,715 or even $4,000. If a pullback occurs in the $3,525–$3,550 range, it can be seen as a good opportunity to add positions; if the market oscillates, maintain small positions to take profits in batches and secure compliant dividends.

ETH (Ethereum): The mainnet upgrade and staking ETFs are imminent, and after the compliance benefits are realized, it is expected to reshape liquidity.

AAVE (Aave): One of the most mature lending protocols in the market, with institutional funds expected to flow into the lending market after compliance, significantly benefiting the AAVE token.

UNI (Uniswap): The dominant position of DEX is solidified, and after stablecoin trading volume increases, UNI's fee dividends and governance value will rise simultaneously.

MKR (MakerDAO): The core governance token for DAI stablecoin; after compliance stablecoins receive official recognition, MKR governance rights become more sought after.

LDO (Lido): The leading Ethereum staking platform, with staking products experiencing explosive growth, and LDO staking incentives and fee sharing providing dual support.
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