The US stock market rebounded across the board today, with risk appetite clearly increasing. Among them, technology stocks and small-cap stocks performed the best, with gold and silver following suit and soaring.

The core driver of the index restructuring comes from new developments in the AI ecosystem. Google's market capitalization officially surpassed $4 trillion, mainly catalyzed by Apple Siri integrating with the Gemini AI model. This synergy has re-priced market expectations for the AI ecosystem. Meanwhile, traditional retail giant Walmart announced its inclusion in the Nasdaq 100 index, marking the completion of a "tech-driven transformation" for traditional companies from valuation to market recognition, with passive capital inflows becoming a certainty.

On the other hand, the financial services sector is not so happy. $UPST, $AFRM, $SOFI, and other lending platforms collectively plummeted due to new Trump policy measures—setting a 10% cap on credit card interest rates. What does this mean? The interest margins for banks and lending platforms have been forcibly compressed, and profit expectations for high-risk lending models have been downgraded. The market logic is clear: technology benefits from "certainty," while finance faces "policy cuts."

This is not just simple risk withdrawal but a structural reallocation of funds. Viewing the crypto market from this perspective—structural reassessment in traditional finance often precedes crypto volatility. When traditional finance faces policy pressure and interest margins are squeezed, institutions and retail investors will reassess the allocation value of $BTC and $ETH as alternative assets. Cryptocurrencies like $XRP, which have payment attributes, are also worth paying attention to in this liquidity reorganization. This round of US stock market adjustment is very likely to be reflected in the upcoming crypto market trends.