Recent weeks have seen a wave of positive policy signals in the crypto market.

Regulators in the United States have been active: the Chairman of the CFTC revealed that Congress is close to passing the "Digital Asset Market Clarity Act," which could lead to a clearer regulatory framework for the industry. Meanwhile, the U.S. Treasury Secretary has emphasized the Trump administration's goal—to build a globally leading crypto regulatory system while advancing strategic Bitcoin reserves. These measures indicate that the U.S. is viewing cryptocurrencies as an important part of the national financial strategy.

Other regions around the world are also taking action. South Korea plans to lift the restriction of "one exchange per bank," which could promote the legalization of crypto derivatives and corporate account trading. Russia, from another angle, intends to impose hefty fines on illegal cryptocurrency mining to regulate market order.

Interestingly, about one-fifth of the $6.8 billion wealth of the Trump family has been allocated to crypto assets—this indirectly reflects confidence in this asset class. According to an analysis by CryptoQuant's founder, institutional demand for Bitcoin remains strong, with the value of BTC accumulated by institutions over the past year reaching approximately $53 billion. This fully demonstrates that, whether from a policy or capital perspective, Bitcoin is gaining increasing recognition at the institutional level.