Every Tuesday night is the most tiring because I have to write the framework of the weekly report, so I often want to slack off on Tuesday's homework. However, there have been too many things happening in the past 24 hours, and I don't know how to slack off. Overall, there are four major events for today. The grand and beautiful bills were passed by the Senate with a crucial vote, but due to differences in versions between the Senate and the House of Representatives, they need to be revised. After reaching an agreement, the process will be repeated. In addition, Trump has quarreled again because of the beautiful bill, and this time Musk seems to really irritate Trump. Trump has put a tough word on Musk. At present, Musk will be more vulnerable, because Musk's SpaceX and Starlink need the support of the United States. The third thing is Powell's speech and Trump's repeated attack on Powell. In general, Powell did not clearly support the interest rate cut in July, but he will be slightly more open to the interest rate cut in September. Trump directly said that Powell was an idiot and planned to announce the successor of the chairman of the Federal Reserve next week. Finally, the SEC is preparing to propose a universal listing standard based on Token spot ETFs to simplify the approval process, providing a detailed overview of what issuers need to include in their documents, from how to calculate net asset value and select benchmarks to custody practices, service provider agreements, governance structures, and potential conflicts of interest. This statement indicates that the SEC is laying the foundation for more structured regulation of cryptocurrency products. This is not just any other trivial matter, but the past 24 hours have been very complicated. I have also placed an order myself, and I expect that the argument between Chuanma and Chuanma will not cause long-term damage to the market. Whether it is right or not depends on the past two days. I won't go into too much detail about BTC's data. Although there have been some price fluctuations, they haven't caused market panic. The turnover rate in the market is not high, and the support position hasn't changed much. The main reason is that investors don't think there will be any major risks from another argument between Sichuan and Malaysia. Instead, they have certain expectations for the Big Beautiful Bill, and haven't seen any systemic risks yet. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex