4E: SEC and CFTC Join Forces for the First Time, Market Divergence Intensifies

According to 4E observations, the US SEC and CFTC have jointly issued two rare statements, stating that they will collaborate to promote the development of encryption assets, Decentralized Finance, prediction markets, Perptual Futures, and investment portfolio Margin. They plan to enhance the competitiveness of the US market by extending trading hours, narrowing regulatory gaps, and innovating exemption mechanisms. The two parties also announced that a joint roundtable meeting will be held on September 29 to discuss topics such as definition coordination and adjustments to capital and profit frameworks, which is seen as an important signal of a comprehensive shift in the US cryptocurrency regulatory system. Meanwhile, the Trump family's wealth increased by 1.3 billion dollars last week due to the listing of American Bitcoin and the trading of World Liberty Financial tokens, with WLFI alone contributing 670 million dollars. The ABTC shares held by Eric Trump were once valued at over 500 million dollars, although the stock price subsequently fell by more than 50%. On-chain data shows that a certain whale switched from a long position in ETH, which previously incurred a floating loss of 35.84 million USD, to shorting BTC and ETH. Currently, the total position size exceeds 200 million USD, with a floating profit of approximately 1.5 million USD. The market is paying attention to whether its short position can trigger a chain reaction. On a macro level, El Salvador's President Bukele announced the purchase of 21 BTC to commemorate "Bitcoin Day," increasing the country's total holdings to over 6,312 coins. In the Hong Kong market, there are funds backed by state-owned enterprises planning projects to link cryptocurrencies and stocks, attempting to indirectly participate in the encryption market by purchasing shares of publicly listed companies that hold BTC. The ETF market has recorded positive signals, with a net inflow of $250 million into U.S. Bitcoin spot ETFs last week, indicating that institutional funds continue to enter the market. 4E reminds investors: Regulatory policy shifts and the influx of capital may boost market sentiment, but the divergence between bulls and bears is intensifying. It is recommended that investors remain cautious and reasonably control their Margin and positions.