#加密市场观察 Regulatory environment gradually becoming clearer: The U.S. Securities and Exchange Commission has approved Bitcoin ETF, Ethereum ETF, etc., and the Grayscale report also indicates that the incoming U.S. Congress may bring clearer regulations for the cryptocurrency industry.

● Continuous innovation in technology and expansion of applications: Blockchain technology is becoming increasingly refined, ensuring the security and trading efficiency of cryptocurrencies. Applications such as decentralized finance (DeFi) and smart contracts are continuously expanding, and the application scenarios of cryptocurrencies are also constantly broadening.

● Macroeconomic situation driving demand: Amid sustained inflationary pressures and increased volatility in traditional financial markets, an increasing number of investors are turning to cryptocurrencies as a new investment channel. The global interest rate cut cycle also provides a favorable funding environment for the cryptocurrency market.