Recently, the market has suddenly become lively, and several seemingly independent events have come together, which feels a bit interesting.

First, let's talk about the policy aspect. Trump has recently started making statements again, calling for the government to restart operations and mentioning that he will sign legislation related to cryptocurrency. To be honest, I've heard this kind of statement many times, but the timing is indeed subtle—if there are substantial actions on Monday, the opening of USD liquidity raises the question of where the funds will flow. Some are focusing on ZEC, ICP, FIL, and FET, thinking that policy-friendly projects may reap the benefits first.

Then there was a quite rare scene: Musk retweeted a tweet from V God. It should be noted that these two usually play their own games, and public interactions are few and far between. This time, Musk retweeted V God’s comment on a hot topic. Although he didn’t explicitly say anything about collaborating, the market immediately started to speculate. Some people see ETH reaching $3500 in the short term, with the logic being that "the signal at the consensus level is greater than actual cooperation"—the mere presence of two top players together serves as a kind of endorsement. Of course, this matter may just end here, and we’ll have to see if there are any further actions.

The third thing is more direct: a certain institution has submitted an application for a Dogecoin spot ETF. According to regulations, if the SEC does not explicitly oppose it within 20 days, it is considered to be automatically approved. DOGE has always been Musk's "pet," and now there is an additional ETF expectation, which has caused shorts to suffer quite a bit these past few days. The market is betting on whether it can stabilize above $0.20; if it really gets over this hurdle, the sentiment may continue to ferment.

Looking at these three things together: the policy side may be loosening, industry giants are signaling cooperation, and the ETF channel has opened a new avenue. Individually, none of these would be considered explosive news, but when combined, they can easily give people the illusion that "this time is different."

However, upon calm reflection, the risks are also quite evident. When favorable news is concentrated and realized, it is often the time when profit-taking occurs. Can the government truly implement it? Will the interaction between Musk and Vitalik just be a ceremonial retweet? Will the SEC suddenly halt the DOGE ETF application on the last day? These variables still exist.

Personally, I think if you want to participate in this wave of market trends, you should at least keep an eye on the policy developments on Monday, as well as whether Musk has any follow-up statements. The privacy coin sector has indeed shown signs of a general increase in the past few days, possibly related to policy expectations. As for which sector will emerge, I tend to focus on projects that have both policy narratives and practical application scenarios; those that are purely speculative might rise quickly but also fall just as fast.

What do you think? Which of these three catalysts is most likely to actually materialize?