@tidal25
Policy shift and compliance pressure: The US SEC relaxes custody restrictions and supports the development of stablecoins, but the EU MiCA framework's carbon emission tax may hit the PoW chain. The regulatory arbitrage space is narrowed, increasing the compliance costs of projects.
Tariffs and market sentiment: The Trump administration's tariff policy and the G7 finance ministers' meeting may trigger risk aversion and suppress the short-term performance of high-risk assets