Entering the second half of June, the situation in the crypto market for 25 years is already clear! There are two main threads of trading logic that run through the crypto market this year: 1️⃣ A bright line is the battle between US President Donald Trump vs Fed Chairman Jerome Powell over whether to cut interest rates this year. While most macro analysts refuse to introduce a political dimension to analyse Trump's battle with Powell over whether to cut interest rates, anyone who understands does. Whether to cut interest rates or not is not directly related to the US inflation data and non-farm payrolls, it is actually a major grasp of the political game between the Democratic Party and the Republican Party in the United States. Observing the current FedWatch interest rate cut expectations, Polymarket prediction market and Twitter public opinion, it can be found that Powell is now firmly in control of the financial market discourse, and Trump can only rely on various tariff wars to exert maximum pressure and tear up some financial market influence on social media. Therefore, before the two major game equilibrium points in the future - Powell's departure in May 26 and the US midterm elections, the entire market is in a state of uncertainty brought about by Powell's confrontational game of tightening the market liquidity faucet and Trump fanning the flames everywhere. 2️⃣ A dark line is the integration of cryptocurrencies into the traditional financial system and participation in the reshaping of the US dollar financial system. Whether it is to increase the strategic reserve of bitcoin in the United States under the principle of fiscal neutrality in the planning, or the American version of the bond plan to increase the scale of stablecoins to more than $2 trillion in a few years, including the next market structure bill to clarify whether the regulator of the crypto market is the SEC or CFTC and whether PerpDEX represented by Hyperliquid can operate in the United States, Trump's regulatory actions and Vance's public speech, are all making it clear that the Trump administration is making cryptocurrency an integral part of reshaping the US dollar financial system in the 21st century. Therefore, 25 years is destined to be a year of uncertainty. For those of us who are retail investors, investing and trading this year is like a boat sailing into stormy seas and storms. It's an epic challenge to make money from investing and trading this year. But 25 years is not a flat year, and finding certainty in uncertainty is the way of the wise. There are two opportunities for certainty in the 26-year orientation that I am optimistic about: 1. U.S. version of the Bond-Stablecoin-PayFi-RWA 2. CFTC Regulated Crypto Marketplace - PerpDEX - Hyperliquid/Consumer Chain - Abstract Anyway, our mission for 25 years is not to play the table, and at the same time secretly prepare 26 years of hole cards. Above.