The critical moment of Ethereum (ETH) ETF Staking may be coming. From the United States reaffirming its "technology neutral" regulatory attitude to Hong Kong's announcement of a new virtual asset roadmap in February, the ice-breaking of regulation and compliance is opening up a broad space for Ethereum ETF Staking. At the same time, global capital is deeply trapped in an "asset shortage", and the rigid demand for interest-bearing digital assets is gradually converging with the institutionalization trend of the crypto market. At present, Ethereum ETF Staking is no longer a question of "whether it will be implemented", but a competition of "how fast to reconstruct the market".

On March 7, 2025, the Trump administration completed a historic institutional breakthrough with the Bitcoin Strategic Reserve Act. By incorporating 200,000 BTC (6% of the circulation) seized by judicial authorities into the national reserve with a permanent ban on sales, the United States achieved supply-side reform of the Bitcoin market for the first time.

Although Ethereum’s price performance may still be constrained by internal selling pressure, market sentiment and narrative vacuum in the short term, its future is still worth looking forward to in the long run.

This article will start with the debt economic model of the United States, then explore the debt risks currently faced by the internationalization of the US dollar, and analyze whether the US debt repayment plan is feasible. Looking back to the past and present, let's see where US debt points Bitcoin.

After Trump took office, the crypto industry faced regulatory relaxation and policy uncertainty. It is expected that the crypto industry will usher in more opportunities and challenges in the next few years.