Futu Niu Niu has released an inventory of the encryption industry in 2025, which is written in a very professional and high-level manner. The only drawback is that the crucial event of CZ receiving amnesty was not mentioned. The personality, values, and style of action of the founder often deeply shape the corporate culture and strategic direction. Binance has taken the lead in spot trading volume, contract trading volume, app downloads, and webpage traffic. As the founder of Binance, CZ's every move is an industry variable and its impact on the global cryptocurrency industry cannot be ignored. The following is a brief excerpt of the article content: The epic 2025 cycle of the US policy director's cryptocurrency market Phase 1: Bull Market Launch - "Trump Deal" under Executive Order (January March) Key event: On January 20th, Trump took office and signed a pro encryption bill Phase 2: Rebirth from a pullback - The positive news of "national strategic reserves" was interrupted by tariff conflicts (March June) Key Event: On March 6th, Trump signed the Executive Order Establishing a Strategic Bitcoin Reserve Phase Three: Main Rising Wave - Legislation Implementation and Historical High (July) Key event: On July 18th, the GENIUS stablecoin bill was officially passed Stage Four: Sudden Collapse - Macro and Financial Risk Resonance (October November) Key event: October 10-11: Radical tariff policies trigger macro panic, with nearly $20 billion of positions being liquidated across the internet. ("1011" plunge)