#美国政府停摆 The government shutdown caused a loss of $1.5 trillion, a truly shocking figure. From on-chain data, there was also some fluctuation in the crypto market during the shutdown period. It was observed that some Large Investors increased their stablecoin Holdings during this time, possibly as a defensive response to macroeconomic uncertainty. In the coming weeks, it will be important to closely follow the flow of funds and contract data to assess the long-term impact of the shutdown on the crypto market. If policy uncertainty continues, we may see more risk-averse funds flowing into crypto assets.