#稳定币监管 In 2025, the crypto market is undergoing a necessary reshuffle. Seeing these data points actually feels reassuring— the era of easy money is over, which means the true era of value investing is truly beginning.

The Meme coins and speculative projects that flooded these years are fading away, and products that genuinely solve problems like Polymarket and stablecoins are starting to shine. You see, this is a sign of Web3 maturity. Moving from bubbles to practicality, from speculation to application—this process, though painful, is essential.

What excites me most is that BTC and ETH continue to shine because of their genuine trustworthiness and neutrality—they are not tools of any institution, but infrastructure that everyone can trust. Meanwhile, institutions are no longer just testing the waters; they are genuinely building, hiring, and integrating digital assets into mainstream investment frameworks. Asset tokenization and on-chain settlement—concepts that once sounded distant—are now becoming practical tools to improve financial efficiency.

A market cool-down does not mean stagnation; rather, it is the best time for infrastructure and real applications to ferment. At this moment, we are tested more than ever on whether we can see what is truly valuable. The future belongs to those who remain steadfast and continue building even after the noise subsides.