#GENIUS稳定币法案 Behind the unsealing order, Washington's power games are dragging cryptocurrency into a bloody vortex.
Last night, Trump openly fired on 'Truth Social': 'I have asked Attorney General Pam Bondi to apply to the court to unseal all grand jury testimonies in the Epstein case! This scam concocted by the Democrats should end now!' Attorney General Bondi quickly responded, announcing that she would submit the application the next day (July 18).
However, this 'political mine-clearing operation' coincided with a bloody night in the crypto world - Bitcoin bizarrely crashed by $3,000 at the moment of Trump signing the stablecoin bill, plummeting 24 hours later, with $814 million liquidated across the network, and 190,000 accounts turned to dust.
The eye of the storm: The collision of three deadly games
1. Epstein files: Countdown to a political nuclear bomb
Trump suddenly turned to public testimony, actually being cornered by the Wall Street Journal's exposure of the 'vulgar birthday letter'. The letter shows he had close dealings with sex offender billionaire Epstein; although the Justice Department memo denies the existence of a 'client list', the metadata reveals that the surveillance video was edited by three minutes, and the suicide conclusion is questioned again.
Unsealing requires federal judge approval, and the process may take months, while Republican leader Thune has already switched sides to exert pressure, making this 'truth game' destined to become a powder keg in the election year.
2. The 'good news backlash' of the stablecoin bill
When Trump signed the (Genius Bill) on July 18, he shouted, 'Cryptocurrency is beneficial to the US dollar,' with the bill mandating stablecoins to anchor US Treasury reserves, intending to convert global on-chain dollar demand into US Treasury purchasing power.
The market staged a bloody harvest: Before the bill was implemented, Bitcoin broke through $120,000, and whales sold 2,300 BTC with good news, triggering a $620 million liquidation chain after the $117,500 support level was breached.
A deeper killing opportunity: The Trump family was exposed to hold shares of stablecoin company USD1, the Democrats accused him of 'legislating for personal gain', and the policy's credibility faced a black swan attack.
The symbiotic dark war between US dollar hegemony and cryptocurrency
When Trump signed the bill, he stated, 'The US dollar losing its reserve currency status is equivalent to America losing the war.' His strategic intentions are clear:
Ban central bank digital currencies (CBDC) to ensure private stablecoins become the digital extension of the US dollar
Establish a 'strategic Bitcoin reserve', incorporating confiscated cryptocurrency into the national balance sheet
Promote allies to purchase USD stablecoins with foreign reserves, both suppressing the exchange rate and expanding US Treasury demand, completing on-chain colonialism of the US dollar hegemony.
Old Zhu's analysis: Politicians fighting leads to the crypto world suffering; this round of trading coins is really unlucky!
1. Why did Trump suddenly want to expose the 'wealthy pervert' Epstein's dirt?
It's fundamentally about shifting fire! He was just exposed for writing Epstein a crude birthday letter ('There are too many beauties for us to handle'), and quickly pretended to be just and jumped out to shout, 'I want to expose the truth!'
The Justice Department claims to cooperate, but in reality, it drags on for months without truly going public - a classic political drama: the louder the shout, the slower the action!
Old Zhu slaps the table: This trick is familiar to the crypto crowd! Isn't it like project parties shouting 'big news next week', while secretly unloading? Trump is the strongest hype man on Wall Street!
2. After signing the stablecoin bill, why did Bitcoin crash by $3,000?
Trump just signed the bill shouting, 'Stablecoins can save US dollar hegemony!' (Forcing the use of US Treasury collateral, pressuring the world to help the US repay its debts)
Big institutions directly borrowed good news to dump the market: first pulling Bitcoin to 120,000, then crazily dumping 2,300 coins, instantly causing 190,000 retail investors to go bankrupt!
What's even more scandalous: The Trump family was exposed to hold shares in a stablecoin company - this is not legislation? It is clearly paving the way for their own money printing machine!
Old Zhu's blood and tears case: Last year's Luna crash, the market maker was also frantically shouting 'algorithmic stablecoins are the future'! All the 'state endorsement' good news is just a scythe covered in gold!
How do people in the crypto world survive? Remember Old Zhu's three life-saving rules!
Trump tweeting = opening a casino: when he shouts good news, you prepare to stop loss, when he tears into the Democrats, you buy gold (this guy often causes Bitcoin to surge when he stirs up trouble, in July during the tariff war Bitcoin skyrocketed to 120,000 in a day!)
Focus on 'Treasury stablecoins': JPMorgan and Citigroup have issued coins, DeFi protocols collateralized by US Treasuries (like Ondo) may make a fortune - but remember! If US Treasuries crash, everyone pays the price!
Don't believe in 'Satoshi's return': Are tens of thousands of old wallets on-chain waking up? 99% are whales looking to dump!
Old Zhu summarizes:
Politicians treat the crypto world as an ATM, we must learn to cling to the market makers' belts and fly!
Where is the next wealth code? Do these three things immediately:
1. When Trump shouts 'patriotic cryptocurrency' again, immediately check his family's holdings.
2 billion USD stablecoin trading volume breaks one hundred billion days, ALL IN government bond DeFi
Focus on the progress of the Epstein case unsealing - the document release day is when Bitcoin will soar.
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