2025 Crypto Market Landscape: A Dual Game of Policy Tug-of-War and Financial Restructuring

As late June approaches, the landscape of the 2025 crypto market has gradually become clear. This year's market trading logic mainly revolves around two core themes:

First of all, the debate among senior officials in the United States about whether to cut interest rates has become a clear main line. Although many macro analysts avoid interpreting this dispute from a political perspective, in reality, whether to cut interest rates is not entirely dependent on inflation data or employment conditions, but more reflects the political gamesmanship between the two parties in the United States.

Currently, by observing various interest rate cut expectations indicators and social media opinions, it can be seen that the discourse power in the financial market is mainly held by one side, while the other side seeks to gain influence through trade policies and social media statements. Before the arrival of key time points in the future, the market will continue to be in a tug-of-war between liquidity control and policy stimulus, filled with uncertainty.

Secondly, the integration of cryptocurrencies with traditional financial systems, as well as their role in reshaping the dollar financial system, constitutes another hidden main line. Whether considering increasing Bitcoin strategic reserves, expanding the scale of stablecoins to the trillion-dollar level, clarifying the regulatory bodies for the crypto market, or whether new decentralized perpetual contract exchanges can operate legally in the United States, all indicate that certain policymakers are viewing cryptocurrencies as an important component in the reconstruction of the dollar financial system in the 21st century.

In a year full of uncertainties, retail investors are like small boats navigating through turbulent waves. This year, making a profit in investment and trading is as challenging as an epic quest. However, this does not mean we should choose to lie flat. On the contrary, seeking certainty amidst uncertainty is the wise course of action.

Looking ahead to 2026, there are two notable certain layout opportunities to pay attention to:

1. US debt restructuring plan - Focus on stablecoins, payment fintech, and real-world asset tokenization.

2. Regulatory agencies' oversight of the crypto market - Focus on emerging areas such as decentralized perpetual contract exchanges and consumer chains.

Overall, our main task in 2025 is to maintain participation while adequately preparing for opportunities in 2026.