Fell asleep early last night on Qixi, woke up to find the bulls are back. 1. U.S. Treasury expands long-term bond buybacks. The Treasury announced it will at least double the liquidity support for long-term nominal bonds (10–30 years), effective from September 9 to November 4. This will improve market liquidity and benefit high-volatility assets like cryptocurrencies. 2. Massive short squeeze The previous consolidation range accumulated a large number of short positions. After breaking through key resistance, a chain reaction of liquidations was triggered, with over $1 billion cleared in just one hour. Forced buy-ins further pushed prices higher. 3. Optimism in regulation and policy The SEC recently proposed a new framework for crypto asset issuance, including fundraising exemptions to lower compliance barriers for early-stage projects. Trump met with crypto executives (Coinbase, etc.), SEC/CFTC chairs, and others at the White House. During the press conference, he emphasized that the U.S. must maintain undisputed leadership in Bitcoin/crypto, prediction markets, AI, and more. When asked if the government would buy BTC, he said they would rely on SEC Chair Paul Atkins' team's recommendations and called on Congress to pass a fair version of the CLARITY Act to open doors for innovation. I've always been confident in crypto, confident in the future, especially ETH and 01.