This morning, Golden Finance has been making the rounds on social media—everyone is paying attention to the news that Trump has softened his stance and that the White House adviser will be staying on, and the entire crypto community is watching closely for the big showdown of the CLARITY Bill in August. Meanwhile, Kalshi is facing an injunction in 18 states, yet the federal government has chosen to push back—something that is all but certain to end up before the Supreme Court. There’s just too much happening tonight, so I’ll highlight a few key points to help you make sense of it.
🔸 First, on policy: the progress of the CLARITY Bill is undoubtedly the most watched development. If it passes, it would bring a clearer regulatory framework to the crypto market. Trump’s softened stance and the retention of a White House adviser have helped stabilize market sentiment a bit. However, Kalshi’s situation is the exact opposite—18 states are teaming up to crack down, and the federal government is trying to turn the tide. In the end, the outcome may still have to be decided by the Supreme Court. This battle isn’t only about the fate of Kalshi as a company; it could also influence the regulatory direction of the entire industry.
🔸 In terms of funding and project updates: the merger plan for three crypto companies under Tether has fallen through, which is undoubtedly a bucket of cold water for the market. As a giant in the stablecoin space, any move by Tether affects the nerves of the market. At the same time, Augustus successfully raised $180 million and is preparing to build a clearing bank for an AI and stablecoin era—injecting some new momentum into the market. MoneyGram’s CEO also said that the best use case for blockchain technology is one that users are barely even aware of. That may hint at the future direction of mainstream adoption of crypto technology.
🔸 My observation is that the crypto market is shifting from an era of storytelling to an era of competing on products. The emergence of Kimi K3 has triggered a re-evaluation in the AI space, and it seems our pricing power is leaking away. Meanwhile, the OUSD profit-split disclosure incident has also exposed some issues at Circle, and the whole market is going through a reshuffle. For investors, it’s now more important to focus on projects with real use cases and strong technical support, rather than being swayed by temporary热点.
🔸 Tonight’s after-hours summary:
- Trump softens his stance: CLARITY Bill’s August showdown
- Kalshi injunction sparks a standoff between 18 states and the federal government
- Tether-backed companies’ merger plan falls through
- Augustus raises $180 million
- MoneyGram CEO discusses blockchain applications
- Kimi K3 sparks an AI re-evaluation
- OUSD profit-split disclosure incident
Overall, the market is undergoing a profound transformation. Regulatory uncertainty still remains, but the flow of capital and technology has never stopped. As investors, we need to stay alert, focus on truly valuable projects, manage risks, and wait for a better time to enter.
— Son of Auspicious Fortune _ourjerry
I’m not a monster—I’m Auspicious Fortune. Welcome everyone to follow me, this old bagholder
P.S. Binance wallet invitation: fill in BTC6000 (save on fees)
🔸 First, on policy: the progress of the CLARITY Bill is undoubtedly the most watched development. If it passes, it would bring a clearer regulatory framework to the crypto market. Trump’s softened stance and the retention of a White House adviser have helped stabilize market sentiment a bit. However, Kalshi’s situation is the exact opposite—18 states are teaming up to crack down, and the federal government is trying to turn the tide. In the end, the outcome may still have to be decided by the Supreme Court. This battle isn’t only about the fate of Kalshi as a company; it could also influence the regulatory direction of the entire industry.
🔸 In terms of funding and project updates: the merger plan for three crypto companies under Tether has fallen through, which is undoubtedly a bucket of cold water for the market. As a giant in the stablecoin space, any move by Tether affects the nerves of the market. At the same time, Augustus successfully raised $180 million and is preparing to build a clearing bank for an AI and stablecoin era—injecting some new momentum into the market. MoneyGram’s CEO also said that the best use case for blockchain technology is one that users are barely even aware of. That may hint at the future direction of mainstream adoption of crypto technology.
🔸 My observation is that the crypto market is shifting from an era of storytelling to an era of competing on products. The emergence of Kimi K3 has triggered a re-evaluation in the AI space, and it seems our pricing power is leaking away. Meanwhile, the OUSD profit-split disclosure incident has also exposed some issues at Circle, and the whole market is going through a reshuffle. For investors, it’s now more important to focus on projects with real use cases and strong technical support, rather than being swayed by temporary热点.
🔸 Tonight’s after-hours summary:
- Trump softens his stance: CLARITY Bill’s August showdown
- Kalshi injunction sparks a standoff between 18 states and the federal government
- Tether-backed companies’ merger plan falls through
- Augustus raises $180 million
- MoneyGram CEO discusses blockchain applications
- Kimi K3 sparks an AI re-evaluation
- OUSD profit-split disclosure incident
Overall, the market is undergoing a profound transformation. Regulatory uncertainty still remains, but the flow of capital and technology has never stopped. As investors, we need to stay alert, focus on truly valuable projects, manage risks, and wait for a better time to enter.
— Son of Auspicious Fortune _ourjerry
I’m not a monster—I’m Auspicious Fortune. Welcome everyone to follow me, this old bagholder
P.S. Binance wallet invitation: fill in BTC6000 (save on fees)