The information density of Web3 has been very high these past three days, so dense that it made me realize:

Trading is never about staring at K lines, but about understanding how the world changes.

If you are willing to cultivate long-termism, then the following events are more important than any short-term fluctuations.



1️⃣ Institutional upgrade: BlackRock applies for a 'stakable' Ethereum ETF

This is not a simple ETF, but an ETF that can earn ETH staking rewards.

Traditional finance is truly encountering 'on-chain native yields' for the first time.

What does this represent?

👉 Institutions not only want to hold ETH, they want to participate in the ETH economic system.

The impact on Ethereum's long-term valuation far exceeds that of any daily candle.



2️⃣ Regulatory Winds Turning Warmer: Ondo Investigation Closed & CFTC Releases Collateral

o Finance was investigated by the SEC and closed the case with no charges, relieving the entire RWA sector.

CFTC agrees that BTC, ETH, and USDC can be used as collateral for derivatives, directly enhancing capital efficiency.

Regulation is no longer an obstacle, but a bridge for the market.

This is one of the most important underlying changes in the bull market.



3️⃣ Ethereum Upgrade: Fusaka Hard Fork Successfully Implemented

Reduce L2 Gas and improve efficiency.

Every ETH upgrade marks the beginning of the next wave of application surges.

The chain is getting stronger, and the cycle will naturally emerge.



4️⃣ Security and Black Swans: Upbit was hacked for 30 million dollars

Risks always exist, but such events do not fundamentally affect the trend.

Funds will flow only to places that are more transparent and controllable.



5️⃣ Global Adoption: The MENA Summit in the Middle East Sends a Strong Signal

The Middle East is starting to embrace BTC, RWA, and Web3.

When a region transitions from 'bystander' to 'economic participant', it means incremental funds are on the way.



6️⃣ Giant Dynamics: SpaceX Transfers Nearly 100 Million Dollars in BTC

Whether it's strategy optimization or internal migration, it indicates that:

The giants are still in the crypto circle, not leaving.



🎯 Final Words:

"I gradually understand that not being obsessed with K-lines does not mean giving up on technology, but rather spending time on what truly matters."

The underlying logic of cycles, the long-term layout of institutions, regulatory attitudes, and the evolution of on-chain performance—

These are the foundations that allow us to navigate through cycles.