The new narrative conjecture of the loosening policy of cryptocurrency regulation in the United States:

1. We will see no less than 10 ETFs launched, including Doge ETF (meme ETF), XRP ETF, Sol ETF, and a series of mainstream altcoin hybrid ETFs and mainstream MEME hybrid ETFs. We will see Wall Street officially enter the altcoin and meme space through ETFs.

2. We will see crypto project companies listed on NASDAQ, most likely XRP, as well as Binance after CZ sells it to Americans.

3. The new DeFi narrative will be reintroduced, with ETH DeFi gaining initial traction, but the real big opportunity in the new narrative lies in the BTC DeFi ecosystem.

4. ETH ETF will allow staking, and once opened, ETH will reach above 20,000. Meanwhile, whether BTC ETF will allow staking will be a topic of market discussion, with STX as the leader becoming the most FOMO coin in the market.

5. RWA narrative will become one of the main narratives.

6. The real BTC ecosystem will become one of the main narratives (not the Chinese BTC ecosystem projects, as the US policy bull market benefits US projects). The absolute leader STX will rise.

7. There will emerge a US-led CEX that can compete with major exchanges like BN, which may not necessarily be a new exchange but could be Kraken and Coinbase after regulatory loosening.