In the past two years, all the hype has come from Wall Street: ETFs, AI, the financial chain transformation, and the goldification of Bitcoin. The cryptocurrency circle has hardly produced any narrative of its own; whenever problems arise, it's always someone else's fault, and no one is willing to take responsibility for building the industry. On forums and Twitter, they all talk big, but when it comes to standing up, no one dares to do so.
Only a bunch of pseudo-soldiers are playing a dog-eat-dog game. Although Coinbase is an American exchange, it has always been non-competitive and has been holding on to Wall Street's coattails while watching the dog-eat-dog game.
If saying this two years ago was called a prediction, now it is called reality. The market share of CEX will gradually shrink with the support of various countries for localizing crypto businesses. The decade of crypto gold has ended for exchanges, especially after the recent incident two months ago. There’s no need for predictions; regardless of whom you flatter, there is no sovereignty.

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