#数字货币市场回调 The Fed has just given the green light to the American banking industry, allowing them to officially participate in Ethereum-related business. Sounds like a technical adjustment? In fact, it's a signal-level policy easing.

In the past, traditional banks wanted to engage with Ethereum, but the regulatory stance was ambiguous and compliance costs were frighteningly high. Now the Fed has made it clear: follow the rules, and you can proceed. How will giants like Goldman Sachs and JPMorgan act next? It is highly likely that they will gradually launch custody, trading, and derivatives services.

What is the real significance of this matter?

First of all, the size of funds needs to change the algorithm. The money managed by banks is not at the level of tens of millions of dollars, but rather at the level of billions and hundreds of billions of asset packages. Once they start allocating ETH, the inflow will not be a few tens of thousands from retail investors, but rather large amounts of institutional-level funds.

Secondly, the positioning of ETH is quietly changing. It is no longer just an on-chain cryptocurrency, but is beginning to appear on the balance sheets of traditional financial institutions as a "configurable asset." What does this mean? Compliance, liquidity, and pricing power will all be reshuffled.

In the end, the ecosystem will benefit as a result. Banks bring not just money, but also customers, application scenarios, and business needs. The role of Ethereum as financial infrastructure will be further strengthened.

But don't get too excited too early. Institutions don't chase rallies or panic sell like retail investors; they prefer to build positions in batches when the market is calm. There may not be any explosive market movements in the short term; this is more like a fundamental change over a long cycle.

If you believe in this logic, holding onto the spot may be more meaningful than frequent trading. The game on Wall Street has already begun, are you someone who has been sitting at the table for a long time, or are you standing outside watching the excitement?