OKG Research's 2025 special series - "Trumponomics" Don't watch Jay. Watch Janet. 1. April TGA Update: Treasury General Account (TGA) balance dropped from 405.79B at the beginning of April to 309.99B on April 8. 🌊Total liquidity released: 95.79B—3.18 times faster than in March, an “invisible fiscal easing” providing short-term support for risk assets. 2. Crypto Liquidity Dynamics: 📊 Onchain data shows the global stablecoin market has surged 80.7% since 2024, now exceeding 235B( @PANewsCN ). 🏦Stablecoins are acting as a simplified monetary tool in shadow banking, effectively injecting extra liquidity into the #crypto economy. Market Implications: With the Federal Reserve remaining on hold, the combined effects of fiscal liquidity release and "onchain crypto liquidity" may drive the next wave of asset price fluctuations. This evolving dynamic between traditional fiscal channels and decentralized finance is setting the stage for new market movements. #USDT #USDC #Trump