When the Federal Reserve and Goldman Sachs simultaneously give licenses to the crypto market, this game has upgraded from underground racing to an F1 championship!
The Federal Reserve's split operation is confirmed
The latest minutes from the Federal Reserve's meeting first mentioned that stablecoins could "increase demand for U.S. Treasury bonds," indirectly acknowledging their role in helping the U.S. government digest debt.
However, on the same day, the OCC suddenly inspected multiple stablecoin issuers—classic plot: feeding sugar while raising the board.
My bold statement: It's like a tobacco company selling cigarettes while printing "Smoking is harmful to health"; stablecoins are destined to be "cash cows with shackles."
The script of Bitcoin's correction
CryptoQuant data confirms: Current on-chain selling pressure comes from old miners who entered before the 2024 halving, with an average cost of only $32,000, now selling at double the profit.
A classic case: After a 40% drop in March 2020, whale wallet holdings surged by 300%, subsequently starting a tenfold bull market—this time, on-chain data shows whale holdings have increased for three consecutive weeks.
Institutions' yin-yang tactics
Goldman Sachs reports that the stablecoin market will reach $1.4 trillion, equivalent to the current total market capitalization of crypto, but in Q2 2025, they quietly reduced their BTC holdings by $1.7 billion.
Insider perspective: This resembles 2017 when investment banks were bullish on gold while shorting it—institutions always "say one thing and do another," but the flow of real money is the true indicator.
Nuclear-level signal: Countdown for pension funds to enter
Australia's pension fund Rest Super has allocated 5% of its position to BTC, while Canada's CDPQ is testing Bitcoin custody—history repeats: After pension funds allocated to gold in 2004, gold prices quintupled within ten years.
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