However, if you say that the current market is neither bearish nor bullish, the Bitcoin options expiration in the second quarter falls on the last Friday of June, and the amount of options to be settled is about 40 billion US dollars. So if the market can reach a new high in June, but overall it is volatile, and after the options expiration, I think that might be when the market starts to find a new direction. As for now? At most, the probability of a pullback is a bit higher.

It is said that digital currency is decentralized, so when stablecoins are pegged to US Treasury bonds, is this centralized or decentralized?

The stablecoin bill should only be liked by the US government; any other sovereign nation probably wouldn’t like it. After all, they don't even particularly like US Treasury bonds.

So what constitutes good news? What constitutes bad news?

One can only say that telling stories is top-notch, but short-term benefits in real money are hard to say in the long term.