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Bitcoin fell due to Trump's 'Great Beautiful Bill' passing the Senate. On Tuesday, cryptocurrency prices fell, with Bitcoin dropping below $105,000. Ethereum, XRP, and Solana fell by 3.2%, 3%, and 4% respectively. President Trump and Elon Musk have differences after the U.S. Senate passed the 'Great Beautiful Act.' As political tensions re-emerged between U.S. President Donald Trump and Tesla CEO Elon Musk over the 'Great Beautiful Act', Bitcoin (BTC) fell 1.5% during the early Asian trading session on Wednesday. President Trump's 'Great Beautiful Bill' (OBBB) passed the Senate on Tuesday with a vote of 51 to 50, leading to a fall in Bitcoin and other altcoins. After nearly 24 hours of deliberation, Vice President JD Vance broke the deadlock. The bill now returns to the House of Representatives where it was originally proposed, waiting for a review of the Senate's revisions, as Trump's July 4 deadline is approaching. Trump's 'Great Beautiful Plan' extends the tax legislation of his predecessor's administration through tax cuts, spending initiatives, and policy reforms. Politicians criticized the law for raising the U.S. debt ceiling by $3 trillion. Trump stated that the reason for the criticism is that the plan cancels the electric vehicle (EV) tax subsidies, which benefit Musk's company. "Elon Musk knew long before he strongly supported my presidential campaign that I oppose the electric vehicle mandate," Trump posted on Truth Social on Monday. Trump stated that the Department of Government Efficiency (DOGE) founded by Musk earlier this year should withdraw such subsidies for Tesla to "save a lot of money" for the United States. Due to the competition between Trump and Musk, the crypto market fell by 4% in 24 hours. Bitcoin rose to $108,700 on Monday before falling to $105,000. Top artificial intelligence tokens Bittensor (TAO), Near Protocol (NEAR), and Internet Computer (ICP) fell by 4%, 4%, and 3% respectively due to political events.

Given the current economic situation, it is very likely that there will be a rate cut in September. Generally speaking, the financial markets begin to react to expectations of rate cuts one to two months in advance, which means there may be a wave of market trends worth following in July and August. For investors, it is essential to remain vigilant and prepared. If the market experiences a dip, it may be worth considering a moderate entry to seize potential investment opportunities. Even if the chance to buy at a low point is missed, investors need not overly worry; they can wait for a clearer market trend before choosing the right time to enter. In this uncertain market environment, investors need to respond flexibly, grasping potential opportunities while controlling risks. It is crucial to closely follow market trends, combine them with one's own investment strategies and risk tolerance, and make informed investment decisions. It is worth noting that market volatility is often influenced by multiple factors. In addition to interest rate cut expectations, global economic conditions, geopolitical situations, and other factors may also have a significant impact on the market. Therefore, when formulating investment strategies, investors need to consider various factors comprehensively and should not overly rely on a single factor to make judgments. Overall, the market conditions in the coming months are worth looking forward to, but they are also full of challenges. Staying calm and rational, being well-prepared, and managing risks will be key to responding to future market changes.

Recently, the Ethereum market has shown a typical trading range oscillation trend. From the Candlestick Chart, it can be observed that multiple Candlesticks exhibit a pattern of severe fluctuation followed by stabilization, which is reflected in the longer lower wicks and the subsequently appearing Bullish line entities. Currently, the price of Ether is approaching the 2440 USD mark. It is worth noting that bullish forces have formed a continuous support in the 2400-2415 USD range, creating a phase of fluctuating trading range. However, the market still lacks sufficient upward momentum. From a technical perspective, there may be strong selling pressure around the $2480 level, which could become a key resistance level in the short term. If this area cannot be broken, the price may retreat to the support level near $2400. In this fluctuating pattern, investors need to remain cautious and closely monitor the breakout of key price levels. At the same time, they should be alert to changes in market sentiment, as any significant news could trigger sharp fluctuations in the market in the absence of a clear direction. Overall, Ethereum is currently in a typical consolidation phase, with both bulls and bears engaged in a fierce battle within a limited price range. Before breaking in a clear direction, the market may continue to maintain this oscillating state.

Recently, leaders in the Decentralized Finance field discussed technological innovations and market challenges, emphasizing the advantages of decentralized platforms in liquidity and user experience. The co-founder stated that the platform is committed to enhancing interoperability between chains, dropping the user entry barriers, and actively addressing regulatory challenges to push DeFi into the mainstream.

Web3 Gaming Industry Weekly Report (February 24 to March 2) This week, the Web3 gaming industry is showing positive development trends, with several projects making new progress and player data also reflecting positive growth. Let's review the main dynamics and data performance of this week. Industry Trends 1. Sonic SVM officially launched on the Mobius mainnet, which is a Solana Layer 2 public chain focused on gaming. 2. Immutable has partnered with Tokyo Beast, which will develop new games on the Immutable platform. 3. Hamster Kombat launched the TON-based Layer 2 blockchain Hamster Network. 4. The social gaming company ACID Labs has completed an $8 million financing round led by a well-known investment firm. 5.