What happened in the market recently? It might be related to a person.

First, a major news: The U.S. Department of Homeland Security has set its sights on Bitmain, citing "national security" as the reason. What exactly are they investigating? The usual concerns about whether mining machines have backdoors or if they can be remotely controlled. This issue itself is not new, but the timing is very sensitive.

More crucially, the public sentiment of a certain individual has changed, and the cryptocurrency prices have suffered as a result. Bitcoin has dropped more than 27% from its peak in October last year to now. Some analysts have directly linked this wave of decline to "a certain ideology"—to put it bluntly, it means that his set of policy inclinations and political influence have started to fail. The market votes with its feet, and it's quite ruthless.

There is another noteworthy point: the U.S. Senate is preparing to push a new bill specifically targeting stablecoins. The core logic is very simple – stablecoins without real asset backing (hard currencies like the dollar or gold) should not expect to exist in the future. What does this mean? The once gray regulatory area for stablecoins is about to become a transparent zone. #香港稳定币监管框架 $BTC $SOL