According to Mars Finance, the recent minutes from the Federal Reserve's meeting mentioned the term "stablecoin" eight times, indicating it has become a focal point of policy discussion. Participants noted that with the recent passage of the (GENIUS Act), the use of payment stablecoins may increase, having a profound impact on the financial system. U.S. Treasury Secretary Becerra stated that stablecoins will drive global dollar usage and increase demand for U.S. Treasury bonds. In U.S. politics, Senator Cynthia Lummis indicated that the cryptocurrency market structure bill will be submitted to President Trump before Thanksgiving, clarifying the regulatory responsibilities of the SEC and CFTC. Goldman Sachs, in its latest research report, pointed out that it is too early to say that stablecoins will disrupt traditional finance, while expressing optimism about Robinhood's potential in crypto innovation, and suggesting that Visa and Mastercard may play an active role in stablecoin payments. On the market and institutional level, Eric Trump, President Trump's second son, reiterated at the Jackson Hole SALT conference that Bitcoin will break the million-dollar mark and reaffirmed his year-end prediction of $175,000. Meanwhile, the exchange Kraken announced the acquisition of the Israeli no-code trading platform Capitalise.ai to enhance user trading automation capabilities. The Hong Kong company Ming Cheng Group announced an investment of $483 million to purchase 4,250 Bitcoins, further reflecting traditional companies' bets on BTC. 4E reminds investors: policy and institutional dynamics are accelerating simultaneously, and the dual driving effect of stablecoins and Bitcoin is worth paying attention to. However, short-term volatility and regulatory risks are still present, and investors are advised to focus on position management and cycle rhythm.

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