#美国终止政府关闭 Those old foxes on Wall Street are starting to scheme again.

Last night, a former president gathered financial giants like JPMorgan and BlackRock for dinner. On the surface, they talked about how the 7% mortgage rate is crushing the U.S. real estate market, but underneath, they were calculating a different set of accounts. The wind of Bitcoin spot ETFs attracting $6 billion in a single day hasn't died down yet, and these institutions have long been eyeing the lucrative crypto market.

What is more intriguing is the actions of Commerce Secretary Luttig. This person is wielding the tariff big stick while secretly taking over the most lucrative OTC trading business in the cryptocurrency space through Cantor Fitzgerald. Regulatory relaxation? That's just a matter of time.

**What can retail investors seize?**

Recently, keep a close eye on the New York Stock Exchange and NASDAQ. These two exchanges are applying for crypto asset custody licenses, and once approved, traditional funds will flood into Bitcoin ETFs like water breaching a dam. There are still opportunities for low entry.

Looking ahead to the next three to six months, DeFi lending protocols may welcome a favorable policy environment. The folks in the White House claim they want to address mortgage burdens, and the stablecoin lending rates of leading protocols like MakerDAO have already dropped to 3%—this wave of benefits can be enjoyed at least until the 2026 halving cycle.

But there is a strict deadline: don't touch those hype-driven altcoins. Everyone has seen how harshly the regulators dealt with the aftermath of the FTX collapse. There are only a few compliant tokens; Bitcoin and Ethereum are considered mainstream choices. As for the others? They are likely to be cannon fodder.

When Wall Street raises a toast, retail investors should learn to read the cards instead of just playing them. When the house is tossing out money, be the one to catch the cards.