6 catalysts worth watching for Crypto this week: BTC, ETH, US regulation, liquidity Base， In the end, even Hunter Biden went offline to issue coins. The first one is BTC. Cathie Wood's latest perspective in September re emphasized an interesting signal: Bitcoin is experiencing a breakthrough relative to gold. The core logic of ARK towards BTC has never changed - it has simultaneously hit three lines: technological revolution, global monetary system, and new asset classes, and has low historical relevance to traditional assets such as gold. What's even more interesting is her positioning of BTC: when the market is good, it can have a risk appetite, and when the system encounters counterparty risk, it may be treated as an insurance asset, so BTC is difficult to simply classify as a risk asset or a safe haven asset. The second one is ETH. Ethereum is indeed moving towards the direction of "users can use the chain without holding ETH first". In 2027, Hegot á upgrade is still promoting native account abstraction, with wallets, payment apps, Paymaster allowing users to directly interact with assets such as USDC, and backend payment and settlement of gas. The key is to hide ETH from the operational steps that users must understand. If Ethereum eventually becomes a global settlement layer, an ordinary person can use it with only 100 USDC, which is more reasonable than everyone buying 0.01 ETH on the exchange first. The third point is the macroeconomic logic that is most worth monitoring in this round of market trends. Raoul Pal's judgment is that financial conditions are about nine months ahead of ISM, and the core that truly controls financial conditions are still interest rates and the US dollar. He believes that ISM may initially weaken and then enter a sideways trend in the coming months, but the United States is currently experiencing a historic AI/data center capital expenditure cycle, with both businesses and governments requiring massive financing, making it difficult for financial conditions to tighten significantly in the long term. To put it simply, what Crypto really needs is never a "good news of interest rate cuts", but the loosening of the US dollar, interest rates, and global liquidity together. The fourth point is regulation in the United States. The CLARITY Act is no longer in the PPT stage: it was passed by the Senate Banking Committee at 15:9 in May this year, and Lummis released a new version of the text integrating the work of the Banking and Agriculture Committee in July. The current public timeline points to the next stage of the Senate proceedings starting on September 15th. If it ultimately passes, the biggest impact will be on whether US Crypto assets belong to the SEC or CFTC, under what conditions tokens are considered commodities, and what rules trading platforms will operate according to in the future, starting from a law enforcement guessing game to an institutionalized market. The last signal is the most bullish: Hunter Biden is really ready to send a Meme. LAPTOP plans to launch on Base on September 9th, with a total volume of 1 billion. The founding team takes 30%, locks it for 6 months, and releases it in the following two years; 20% will be used for two rounds of airdrops, including wallets and Substack users of Biden who are losing money on Solana: 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN. Up to 30% of the supply is tied to political and market events for destruction or donation, such as the Democratic Party winning the 2028 presidential election, BTC hitting a historic high, and LAPTOP's market value surpassing TRUMP. BTC is re vying for the gold narrative, ETH continues to hide the threshold for use on the chain, the US market structure bill is approaching a critical stage in the Senate, AI Capex is forcing the financial system to maintain a financing environment, and even political figures at the level of the US presidential family are now using Meme as a dissemination tool. A true major market trend is when funds, institutions, technology, and attention begin to move in the same direction.