Recently, there have been new changes in market sentiment. JPMorgan CEO Jamie Dimon explicitly clarified that he will not serve as Federal Reserve Chair, directly dispelling long-standing market speculation about potential leadership changes and reducing uncertainty in macroeconomic policy expectations. Meanwhile, Goldman Sachs CEO announced an expansion of research into tokenization, stablecoins, and prediction markets. Top Wall Street institutions are accelerating their tilt toward digital assets, and signals of institutional entry are becoming increasingly clear.

However, policy signals are also evolving. Federal Reserve voting member Christopher Waller recently emphasized that interest rate cuts can be temporarily paused, stating that employment issues take priority over inflation control. This indicates a shift in policy focus toward the labor market. This change has put pressure on macro liquidity expectations, and close attention should be paid to subsequent policy developments.

It is also noteworthy that a social media platform’s policy adjustment has triggered a chain reaction. The platform halted its paid AI spam content mechanism, which directly led Kaito to terminate its crypto-related "Yaps" business. This shows that external regulatory changes are becoming risk points that crypto projects need to guard against. However, institutional actions remain active—BitMine is heavily betting on content-related projects, expecting tenfold returns, with Ethereum holdings potentially generating $400 million in revenue. This fully demonstrates institutional confidence in the value of content + crypto empowerment.

At the regional level, efforts are accelerating. West Virginia is promoting diversification of state financial assets, proposing to allow up to 10% of funds to be invested in precious metals and digital assets with a market cap exceeding $750 billion. The boundaries for local government asset allocation are gradually loosening. CoinGecko’s latest 2025 report indicates that Bitcoin, the US dollar, and crude oil are weakening in tandem, but prediction market trading volume has surged by 302.7%, reflecting a profound structural restructuring in the crypto market.

From in-depth institutional research, relaxed local government allocations, to platform policy disruptions and market structural upheavals, the ongoing tug-of-war in the crypto market is brewing new opportunities.