Recently, the crypto market has been quite interesting - with tighter regulations on stablecoins, the market sentiment has actually risen.

Let's state the facts: Central banks in multiple countries have successively clarified the regulatory framework for stablecoins, and some regions have implemented restrictions on virtual currency-related accounts. There are also voices in the market discussing the possibility of "sovereign stablecoins." However, this matter depends on the essence— the vitality of stablecoins has never relied on forced promotion, but on actual demand.

Look at the pilot projects in Singapore and Indonesia; their sovereign stablecoins are able to run because they rely on cross-border settlement that is fast and cheap. Users are not foolish; they will choose whichever tool is useful. Forcing unwanted things upon people? Funds will only vote with their feet, which may actually accelerate the flow to more open markets. Some say this wave of operations will trigger a bull market early, and it’s not just a wild guess.

Traditional finance is indeed under a lot of pressure now, but the opponent is not DeFi. Users have long been fed up with monopolistic high transaction fees and slow transfers. The Ethereum ecosystem's way of playing—cross-border transfers arriving in 10 minutes, transaction fees of a few dollars, and DeFi annualized returns smashing bank savings—this is not ruining the game; it is the market choosing more efficient solutions on its own. Funds naturally flow to places with lower friction; this is an economic law.

Looking ahead, there is a bigger logic: in the future, 99% of new assets will have AI attributes, and "no AI, no entrepreneurship" is no longer just a slogan. The combination of crypto + AI is becoming the core narrative of the next technological cycle. Instead of hard blocking regulations, it is better to think clearly about how to guide—truly valuable things rely on underlying consensus and practical utility, not on administrative orders.

What do you think of this situation?