1. The market is severely differentiated:

Bitcoin is really a tough guy, the ETF swallowed 547 million USD yesterday! Even traditional giant GameStop prepared to enter with 450 million USD (I highly suspect they want to buy BTC). But altcoins seem to be drained of blood, and the funds clearly can't keep up with the rhythm. What does this indicate? Now it's all about the market rhythm led by institutions, and the small retail investors' money barely makes a splash.

2. Key Information

The Japanese listed company Metaplanet is going crazy! They went all-in with 1,234 BTC, surpassing Tesla in holdings! They are now ranked seventh in the global listed company holding list (I guess they want to be the Asian version of MicroStrategy). High-leverage gambling scene is brutal 👉 A 50x leveraged insider dog was liquidated three times in three days, with over ten million USD vanished into thin air (once again proving: contracts are indeed a slaughterhouse for retail investors!). The Trump family coin WLF is quietly preparing to launch transfers (this dealer's wash trading strategy is impressive, likely to coordinate with news to pump the price). SharpLink Gaming has silently hoarded 194,000 ETH (nearly 600 million USD! Ethereum whales are crazily accumulating underwater).

3. Undercurrents in the Hong Kong market:

The most shocking is the data from Economic Information — the queue outside the Hong Kong Securities and Futures Commission for upgrading to a Type 1 license has reached 40 companies! (38 brokerages + 1 bank + 1 internet giant) But mainland brokerage firms are doing a 'shell' business: they can't open exchanges themselves and rely entirely on HashKey's Qmnibus service to attract clients ($HSK is definitely a hidden winner).

4. U.S. nuclear-level policy forecast:

The FHFA director from the Trump faction personally spoke up: requested Fannie Mae/Freddie Mac to accept cryptocurrency as loan collateral! (If this lands, it’s equivalent to opening a trillion-level capital floodgate for the crypto world, just thinking about it gives me goosebumps!)

📌 Thoughts:

The trend of institutions swallowing BTC simply cannot stop, the inflow speed of ETFs exceeds expectations (BlackRock is probably grabbing discounted chips). The compliance speed in Hong Kong is far beyond imagination, but licenses are graded: local brokerages get the meat (HashKey/OSL), while mainland firms can only sip on the soup (so don’t blindly chase brokerage concept stocks).

The Trump concept has become a clear card, with WLF unlocking + policy endorsement working in tandem (but be aware of the risks, this play could turn into a killing field at any time).