Recently, the cryptocurrency market has seen increased volatility, with regulatory and investment dynamics intertwining, presenting multiple trends. The president of Nankai University warned that the push for unipolar stablecoins by certain countries may amplify systemic risks due to the spillover effects of fluctuations in US Treasury dollar bonds, and investors should be wary of potential volatility📉. At the same time, US policy trends remain stable, with Trump calling for the Federal Reserve to cut interest rates and showing no intention to dismiss Powell, which is expected to positively impact market liquidity💼. In terms of pricing, BTC fell below $118,000 (suspected data anomaly, but reflecting market pressure), with liquidations across the network reaching $136 million, and long positions suffering significant losses, highlighting high leverage risks📊. Positive signals include Michael Saylor hinting at increasing his BTC holdings, AS Roma fan token ASR rising by 24%, and a whale making a profit of $55.62 million in WBTC trading, indicating that institutional investment strategies are effective🚀. Institutional progress is notable, with Japan's MUFG Bank launching real estate tokenization products, FOSUN Financial applying for a virtual asset license in Hong Kong, and the GENIUS Act promoting the transformation of stablecoins towards payment applications, potentially giving rise to a new wave of 'killer applications'🌐. Vitalik retweeted a post about zero-maintenance for Ethereum, reinforcing confidence in the ecosystem. Overall, the market faces regulatory challenges in the short term, but institutional participation and innovative mechanisms will drive long-term recovery. It is recommended that investors strengthen risk management and cautiously position themselves📈. Keep an eye on tomorrow's GP Believe ecosystem flywheel mechanism details to capture potential opportunities.