Phyrex
Phyrex|Jun 29, 2025 18:13
Today is another day of drinking too much. I still had a great time drinking with my friends over the weekend. The homework was not difficult, and today's main focus was the passage of the Great Beauty Act. Although it was passed under pressure, at least it was passed. I have roughly sorted out the content supported by the Great Beauty Act, and interested friends can take a look. The bill has sparked widespread controversy within Congress, particularly regarding tax policies and social welfare cuts. Some Republican lawmakers have expressed concerns about the potential fiscal deficit caused by the bill, while Democrats generally oppose the bill, believing that it exacerbates social inequality. Although the overall bill does not directly benefit the cryptocurrency industry, the essence of the bill is the financial expansion of the United States' internal de globalization and the dramatic restructuring of global capital flows. It will indirectly help promote liquidity for cryptocurrencies, especially the remittance tax, which will directly drive up the market value of stablecoins. Looking back at the data of Bitcoin, weekends are still a time of low liquidity, and it can even be said that it is extremely low. In the past 24 hours, the total flow of BTC on the chain has only been more than 20000, which indicates that most holders have no interest in trading on weekends. In fact, if there were no market makers, the data would probably be so low. Liquidity is like this, not to mention the support level. The focus next week is on the unemployment rate, and there will be a holiday on Friday. In fact, there will only be four working days next week. After entering the near month, it should be a game of tariffs and monetary policy. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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