LOYAL Road 7.3 Summary I got up at eleven o'clock, went downstairs to eat some Chongqing noodles, and they tasted great. In the afternoon, I have two meetings to attend. After that, I will go experience lacquer art. Chongqing's lacquer craftsmanship allows me to feel the local cultural characteristics. 1. Market Dynamics / Price Fluctuations 1. In the past 24 hours, the entire network saw liquidations of $295 million, with short positions liquidating $249 million. 2. The crypto market has stabilized and rebounded, with BTC breaking $109,000 and ETH rising over 7%. 3. Bitcoin price fluctuations may trigger over $1.4 billion in liquidations. 4. CryBB's market cap has surpassed $16 million, with a 24-hour increase of 106.7%. 2. Infrastructure / Compliance Development 1. The stock price of Hong Kong's multi-point intelligent stocks rose nearly 90% at one point, and they are preparing to apply for a Hong Kong stablecoin license. 2. The supply of Ethereum stablecoins has reached a historic high of $135.4 billion. 3. Policies / Regulations / Political Dynamics 1. The U.S. Senate Banking Committee will hold a full committee hearing on the structure of the crypto market next week. 2. The U.S. SEC has suspended Grayscale's plan to convert its digital large-cap fund into an ETF and will conduct further reviews. 3. Trump is pressuring the Federal Reserve to cut interest rates, increasing market expectations. 4. Projects / Announcements / Information Clarification OpenAI: "OpenAI Token" is not equity in OpenAI and has no collaboration with Robinhood. In the afternoon, I met a good friend I hadn't seen in a long time. Finally back from Seoul. In the evening, I have dinner with @Meta_eth168 and @Iamqz7, enjoying the night view. Feeling the warmth of the local people in Chongqing. The day ended with a team dinner, eating barbecue. It was a great day.