Recently, BTC and Ether haven't had much highlight, and the market data is dull, but the altcoin market is quite lively. SOL has once again taken up the leader's banner in the altcoin space, driving a structural trend with a hint of "bull" flavor. Moreover, the beautiful Ministry of Commerce actively aligns with Trump's encryption strategy, and GDP data is directly on-chain! The first batch of cooperating nine chains includes: BTC, ETH, SOL, TRON, XLM, AVAX, ARB, POL, OP. In terms of Oracle Machines, LINK and PYTH have been officially announced.

The market had long anticipated LINK, so the movement was not significant, while PYTH doubled directly, firmly sitting as the "Oracle Machine leader 2". This recent clear action by the Ministry of Commerce not only helped boost PYTH but also basically locked in the future public chain landscape. Looking at it this way, the Ministry of Commerce is providing a morale boost. As long as Trump is in office, favorable news is likely to keep emerging.

ETH has been relatively flat in recent days, but on-chain funds have not stopped. Institutions are completing their handover, and the overall holding cost has increased, which is a great positive for a strong breakthrough in the future. From a long-term perspective, ETH is bound to stablecoin legislation and RWA, and reaching ten thousand dollars is just a matter of time.
In terms of altcoins: WFLI broke 0.3 again last night, and it's not far from issuing coins. Personally, I believe that 0.3-0.4 is a reasonable range, and it shouldn't be a big problem to stabilize above 0.4 in the long term. The reason is simple—although USD1 didn't seize the first-mover advantage, the resource advantage in the next four years is still there, and the most important thing in the financial track is "license." Coupled with past practices, a 40 billion FDV really isn't high.