Recently, in this wave of market movements, the Federal Reserve and the political circles are engaging in a tug-of-war from afar. I just want to vent: stop beating around the bush, can we just let liquidity flow in? These macro narratives, at their core, are just another way of expressing interests and distribution.

**The Power Struggle Between the Federal Reserve and Policy Makers**

December CPI data came in as expected and remained robust, but the policy voices are inconsistent. One side demands rapid rate cuts to stimulate the economy, while the Fed insists on a wait-and-see approach—December data is not enough to change the established policy rhythm. This contest seems to be about controlling inflation, but in reality, it’s a battle for discourse power. One side needs impressive economic data as a cushion, while the other aims to maintain independence and professional reputation. Retail investors, don’t be fooled by these arguments; just do the math: who benefits the most from loose liquidity.

**Korean Conglomerates Enter the Scene, Asia’s Crypto Ecosystem Advances**

Lifting the 9-year ban and allowing listed companies to invest in the top 20 crypto assets—this is a signal shot. It means that Korea’s major conglomerates’ institutional funds are truly entering with real money. Previously, retail investors were the main players; now, the formal institutions are coming in. The won’s premium recovery is almost certain, and Asia’s adoption speed is set to reach a new level. Don’t underestimate this step: once institutional liquidity opens up, the market’s scale will be completely different.

**Lessons from Celebrity Coins**

The $NYC dog coin launched by the former New York City mayor surged then rapidly fell back, drawing community complaints. What does this show? The new way of monetizing power is innovative, but the risks are equally straightforward—projects that rely on hype rather than fundamentals can backfire faster than expected.