🔥 Today's Highlights

📈 Bitcoin short-term volatility

Bitcoin reached a new high today, breaking through $123,165, and then fell back to around $117,500–118,000, with an overall pullback of 4–5%, mainly due to profit-taking.

🏛️ Legislative momentum boosts the market

The agenda for "Crypto Week" is officially launched, and the U.S. House of Representatives will discuss three core bills (GENIUS Act, Clarity Act, Anti-CBDC Surveillance State Act), with stablecoins and regulatory clarity becoming the focus. The legislative process has spurred institutional buying and ETF highs.

⚖️ Key Developments in the Tornado Cash Case

Tornado Cash co-founder Roman Storm officially appeared in a Manhattan federal court on Monday. The case will examine whether the code constitutes a prohibited tool, sparking debates on privacy and freedom of speech.

🔮 Future Outlook Analysis
1. The infrastructure for stablecoins is accelerating development.

According to Bank of America, if the GENIUS Act is passed, it will create a regulatory foundation for stablecoins, accelerating adoption by companies such as Visa, Mastercard, Paypal, JPMorgan, BNY, and Shopify, and it may become part of the financial infrastructure, Business Insider.

2. Bitcoin short-term will continue to fluctuate.

Short-term entry during the pullback is expected to consolidate in the $118k–$120k range, with support coming from ETF and anticipated legislative strength; barring any macro surprises, there is hope for further new highs after Q3.

3. Tornado Cash has a profound impact on DeFi regulations.

The Storm case will become a milestone for "whether to hold accountable due to open-source code," and the ruling may establish the legal boundaries for future DeFi smart contract developers.

4. Mid-term Asset Allocation Opportunities

Small altcoins like Hyperliquid (HYPE), XRP, and Pi Network possess technical trends and narrative support, which are expected to gradually explode in the current bull market.

🧭 Today's Strategy Suggestions
The passage of the stablecoin infrastructure bill could increase mainstream adoption, and the cooperation platform bill has overwhelming support with lower risk, but it may take time to advance. Bitcoin should be bought on dips as it looks to break new highs again; the pullback pressure on the day of the new high is significant, so short-term allocations need to manage risk. For DeFi privacy cases, keep an eye on the developments of the Storm case and the unclear legal judgments regarding open-source law, as there is policy uncertainty. Altcoins can be invested in small amounts as they have potential, but small coins carry risks with significant volatility, and short-term tracking of technical indicators is necessary.

‍#Haedal  
‍#Sui Attention everyone, if it breaks 4.3, it will reach ATH!!!