Recently, the cryptocurrency market has seen intensified fluctuations, with regulatory and investment dynamics intertwining, presenting multiple trends. The president of Nankai University warned that some countries promoting unipolar stablecoins could amplify systemic risks due to the spillover effects of U.S. Treasury dollar fluctuations, and investors need to be cautious of potential volatility 📉. At the same time, U.S. policy trends remain stable, and Trump is calling for the Federal Reserve to cut interest rates, showing no intention to dismiss Powell, which is expected to favourably impact market liquidity 💼. In terms of price, BTC fell below $118,000 (suspected data anomaly, but reflecting market pressure), with the overall liquidation reaching $136 million, resulting in significant losses for long orders, highlighting the high leverage risk 📊. Positive signals include Michael Saylor hinting at increasing his BTC holdings, AS Roma fan token ASR rising by 24%, and a whale profiting $55.62 million from WBTC trading, indicating the effectiveness of institutional investment strategies 🚀. Institutional advancements are noticeable, with Japan's MUFG Bank launching a real estate tokenization product, Futu Securities applying for a virtual asset license in Hong Kong, and the GENIUS bill promoting the transformation of stablecoins towards payment applications, potentially giving rise to a new wave of "killer applications" 🌐. Vitalik retweeted a post on Ethereum's zero maintenance, 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. Investors are advised to strengthen risk management and be cautious in their layouts 📈. Keep an eye on tomorrow's details about the GP Believe ecological flywheel mechanism to capture potential opportunities.