最新报道：According to 4E Observation, the term "stablecoin" was mentioned eight times in the latest Federal Reserve meeting minutes on August 21st, indicating that it has become a key focus of policy discussions. Participants noted that with the recent passage of the GENIUS Act, the use of payment-oriented stablecoins is likely to increase, with profound implications for the financial system. U.S. Treasury Secretary Bensont stated that stablecoins will boost global dollar usage and increase demand for U.S. Treasury bonds. In U.S. politics, Senator Cynthia Lummis stated that the Crypto Market Structure Act will be submitted to President Trump before Thanksgiving to clarify the regulatory divisions between the SEC and the CFTC. Goldman Sachs, in its latest research report, stated that it is premature to predict the potential of stablecoins to disrupt traditional finance. It is more optimistic about Robinhood's potential in crypto innovation, while Visa and Mastercard may play an active role in stablecoin payments. On the market and institutional level, Trump's second son, Eric Trump, reiterated at the Jackson Hole SALT Conference that Bitcoin will surpass $1 million and reiterated his forecast of $175,000 by the end of the year. Meanwhile, exchange Kraken announced its acquisition of Israeli no-code trading platform Capitalise.ai to enhance user trading automation. Hong Kong-based Mingcheng Group announced a $483 million purchase of 4,250 Bitcoins, further demonstrating the growing bets of traditional businesses on BTC. 4E reminds investors: Policy and institutional dynamics are accelerating simultaneously, and the dual driving effect of stablecoins and Bitcoin deserves attention. However, short-term volatility and regulatory implementation risks remain, so investors are advised to pay attention to position management and cyclical rhythms.