"Core bullish and bearish news in crypto (as of 16:00, China time) **Bullish** 1. **Macro liquidity**: Fed officials signal dovish stance, supporting at least three rate cuts this year, possibly starting in March. The dollar index retreats, Bitcoin rebounds to $68,000, ending its three-day losing streak, and Ethereum climbs back to around $2,090. 2. **Market sentiment**: Some institutions and industry figures (like Arthur Hayes) maintain long-term bullish views, slightly easing market panic. 3. **Compliance progress**: Domestic compliance pathways for RWA (Real World Assets) are clarified. Financial institutions can provide compliant RWA custody, clearing, and settlement services, accelerating RWA compliance. **Bearish** 1. **Strict domestic regulation**: Eight departments, including the central bank, issued a statement clarifying that unauthorized RWA tokenization and related services within the country are illegal financial activities. Channels for stablecoins and tokenization are blocked, and controls on payment and advertising are strengthened. 2. **Platform risk**: South Korea's Bithumb mistakenly issued 620,000 BTC (worth over $44 billion). Although 99.7% was recovered, it temporarily impacted platform confidence and prices. 3. **Institutions and sentiment**: Trend Research liquidated its ETH holdings, and the market Fear and Greed Index remains in the extreme fear zone (7). Total market cap dropped about 1% in 24 hours. 4. **Market volatility**: Short-term sideways consolidation, rising risk-averse sentiment, and overall pressure on the crypto market. **Summary**: Short-term rebound and recovery, but long-term trend still points downward. Everyone should aim to reduce positions during highs and focus on shorting. I'll be waiting for you at the Air Force headquarters before the end of June!" #CryptoNews #Bitcoin #Ethereum #RWA #MarketUpdate