I am currently watching Midnight Network, and I am no longer willing to define it solely by its ups and downs. Because it is more like a set of infrastructure that is being installed, wired, powered, and tested.

$NIGHT
This morning, when I entered the office building, I paused at the door. The access control thing is quite interesting; you just need to prove that you have permission to enter. The system won't ask how much money you have in your bank account, nor will it browse your phone's photo album, and it certainly won't reveal who you chatted with yesterday. It only recognizes one thing: whether you have the qualification. In plain terms, in a normal world, many validations shouldn't require full exposure, but just need to be sufficient. However, in many public chains, the situation is reversed; as soon as you make a move, your address, path, habits, and financial relationships are all watched, like changing clothes in a glass house. Recently, the U.S. Treasury released that congressional report on digital assets and anti-illegal financial innovation technology in March, repeatedly mentioning tools like artificial intelligence, digital identity, on-chain analysis, and interface collaboration, ultimately emphasizing one thing.