Recently, two pieces of news have made the market extremely tense.

First, the Bank of Japan suddenly shifted its stance, and the interest rate hike decision caused global arbitrage funds to panic. It is important to note that Japan has long played the role of "cheap capital supplier", and this sudden policy shift directly led to a surge in borrowing costs, instantly freezing liquidity during the Asian session. The crash of the Nikkei index is merely the surface; what is truly frightening is that those arbitrage trades relying on low-interest yen financing are collectively closing their positions.

On the other side, a speech by a senior central bank official triggered greater turmoil. Rumors about his "early resignation" are rampant in the market, and while the truth is hard to discern, this uncertainty alone is deadly enough. Tuesday's speech is seen as a key juncture—any ambiguous statements could trigger a crisis of confidence.

Two major shockwaves overlapping: the East withdraws liquidity, the West creates panic, and global capital completely loses its sense of direction.

But the really interesting part is that when traditional markets fall into chaos, the value of certain crypto infrastructures begins to stand out.

For example, the Plasma technology route in Layer 2 solutions. Why should we pay attention to it at this moment?

Firstly, it has built a relatively independent capital circulation system. When traditional finance is thrown into chaos by policy shocks, the ecosystem driven by on-chain native assets instead demonstrates resilience. This does not mean it can completely isolate itself from the impact, but its reliance is clearly much lower.

Secondly, trading efficiency becomes crucial in extreme market conditions. When the mainnet is congested and Gas fees soar, solutions that can provide fast confirmations and low-cost transactions become a necessity. For those who need to frequently adjust their positions or urgently hedge, this is not just an added benefit, but a lifeline.

Ultimately, the long-term value of infrastructure often becomes clear only during a crisis. Short-term fluctuations will pass, but the technology that truly addresses the scalability issue and lowers the barriers to use is likely to dominate in the next cycle.

In times of market panic, some only see the crash, while others are already studying what will grow from the ruins.