4E: Fed meeting notes focus on stablecoins, Eric Trump raises bitcoin target

On August 21, according to 4E observation, the term "stablecoin" was mentioned eight times in the latest meeting notes of the Federal Reserve, indicating that it has become the focus of policy discussions. Participants pointed out that with the recent passage of the GENIUS Act, the use of payment stablecoins may increase and have a profound impact on the financial system. US Treasury Secretary Vincent said that stablecoins will promote global dollar use and increase demand for US Treasury bonds.
In the US political arena, Senator Cynthia Lummis said that the crypto market structure bill will be submitted to President Trump before Thanksgiving to clarify the regulatory division between the SEC and the CFTC. Goldman Sachs pointed out in the latest research report that it is too early to say that stablecoins will disrupt traditional finance, and they are more optimistic about the potential of Robinhood in crypto innovation. Visa and MasterCard may play an active role in stablecoin payments.
At the market and institutional level, Trump's second son Eric Trump once again emphasized that Bitcoin will exceed one million dollars at the Jackson Hole SALT conference and reiterated his forecast of $175,000 by the end of the year. At the same time, exchange Kraken announced the acquisition of Israeli no-code trading platform Capitalise.ai to enhance user transaction automation. Hong Kong-based enterprise Mingcheng Group announced that it will spend $483 million to buy 4,250 bitcoins, further demonstrating the traditional corporate bet on BTC.
4E reminds investors that policy and institutional dynamics are accelerating simultaneously, and the dual-driving effect of stablecoins and bitcoin is worthy of attention. However, short-term volatility and regulatory landing risks still exist, and investors are advised to pay attention to position management and cyclical rhythm.