#数字资产市场动态 The battle for the framework of crypto regulation is entering a critical stage.

The core value of the Clarity Act lies in clearly classifying crypto assets: decentralized commodities, securities issued through ICOs, and stablecoins used for payments, each corresponding to different regulatory agencies. Once this classification system is established, it will inevitably give rise to two very different investment opportunities — on one side, privacy coins seeking regulatory loopholes; on the other, mainstream blue-chip assets embracing regulation. Retail investors enjoy taking risks, but institutional funds clearly prefer compliant routes.

On the technical side, BTC breaking through 95,000 yesterday is no small feat. This breaks the long-term consolidation pattern and confirms the formation of an upward trend.

The macro environment is cooperating: on one hand, the strong performance of developed markets' stock markets has increased risk appetite; on the other hand, the uncertainty of US dollar policies has strengthened Bitcoin’s appeal as a store of value. Both forces are driving up expectations in the crypto market.

Looking at the evolution of asset allocation — silver recently surpassed many tech giants to become the second-largest asset globally. What does this indicate? An asset class that is decentralized, limited in supply, and in high demand is being re-priced. Bitcoin reaching the third-largest asset is not a distant goal. $BTC