A double-edged sword – regulation
Regulation remains the biggest uncertainty factor for cryptocurrencies. In the United States, under the leadership of Gary Gensler, the SEC has slightly softened its stance and is expected to have clearer guidelines by 2026.
Ripple CEO Brad Garlinghouse warns:
Clear regulation will free up institutional capital, but excessive regulation may stifle innovation
On a global scale, the EU’s MiCA framework has set an example for balanced regulation and boosted confidence in markets such as Germany and France.
Coinbase CEO Brian Armstrong believes that regulatory clarity, while painful for some projects, will eliminate bad actors and stabilize the market. At present, uncertainty keeps some institutions cautious, but the trend points towards mainstream acceptance.
Macro resistance and resilience of cryptocurrencies
The global economy – with 3.5% inflation, 4.5% federal interest rates, and geopolitical tensions – has a huge impact.
The narrative of Bitcoin’s “digital gold” remains strong, and Michael Saylor from MicroStrategy emphasizes it even more:
Bitcoin is the ultimate hedge against currency depreciation
However, the risk aversion sentiment in the stock market may put pressure on speculative assets, including cryptocurrencies.
Lyn Alden stated in her communication that:
The correlation between Bitcoin and the S&P 500 has dropped to 0.4
She believes that cryptocurrency as an asset class is maturing. Chamath Palihapitiya and other long-term believers believe that the practicality of blockchain, such as supply chain transparency or decentralized identity, will transcend macro fluctuations.
big-picture thinking
September 2025 feels like the calm before a storm. The foundation for the next leap of cryptocurrency – ETF driven capital inflows, halving dynamics, altcoin innovation, and regulatory clarity – is being laid.
Raoul Pal stated:
This is a marathon, not a sprint. Focus on technology, not price
Smart funds do not chase short-term surges – they accumulate Bitcoin and bet on utility driven projects. Conduct thorough research, maintain discipline, and remember – in the field of cryptocurrency, steady progress is the key to victory.
Registration invitation code for high rebate fees on digital currency exchanges
Friends who speculate in cryptocurrency do not yet know that the accumulated transaction fees are very high, and they do not even care about this amount of fee. Little do they know that frequent transaction fees are also a large expense: they may even exceed your principal.
Open the relevant cryptocurrency trading app to check the transaction fees, and you can see your transaction fees for the past year,
For brothers with high-frequency trading and large positions, it may only take one month for your transaction fees to exceed the principal.
So it is necessary to apply for rebates, and the handling fees should be taken back. If you don’t apply for rebates, everything will go to the market. If you apply for rebates, the handling fees will be returned to your own account, saving you at least hundreds or thousands of U in handling fees per month.
The system will automatically return it to you
If you can save money on flowers, you can share the commission rebate invitation code below with your friends.
HTX refund fee registration code: 888ee
Gate refund fee registration code: FFFFTTTT
Binance refund fee registration code: F2222
According to the highest proportion, the handling fee will be refunded, and the invitation code will be permanently valid. The time for refunding the handling fee will be permanently valid.