Two hours ago, Powell gave a very high-level speech, mentioning macroeconomics and encryption. Macro article translation: I know that you have lost your mind and want me to cut interest rates. I would also like to help you, but I heard the data. Now the employment is good and the economy is also good. Since Trump took office next door, the tariff revenue has reached 21 billion. With such high income and strong debt repayment ability, it is not time for the US debt collapse. I don't need to lower this interest rate. Original translation: 1. US federal debt is on an unsustainable path, but not at an unsustainable level, yet 2. The job market is in a truly good place. (Strong employment) 3. The US economy is a solid condition uncertainty 4. Markets are likely to see continued volatility Cryptocurrency article: 1 Cryptocurrency is becoming more mainstream and legal framework for stablecoins is a good idea 2. I think there will be loosening of bank rules on cryptocurrency Liangzi Translation: Since the issue of encrypted stablecoins cannot be stopped, let's talk about how to manage it. I happen to have some ideas in this area, which also belongs to the US dollar and should be managed by us. The above may bring a new sector rotation to the cryptocurrency industry, with banks issuing coins on the way, which is all positive for BTC. However, as I also mentioned in this video, those who make payments in the cryptocurrency industry will be severely reshuffled. Some big knockoffs are very dangerous. https://youtu.be/ZOxQsuxXVy8