The two biggest reasons why cryptocurrencies have survived until now are: 1. Created a casino model, namely the high return ratio wealth creation effect 2. We have adopted a strategy of surrounding and attacking, and have been striving for opportunities to survive with regulatory agencies. If someone has already entered this industry before you and cannot be shaken, then don't confront them head-on, break through the wall of restrictions. If you believe that tobacco companies are unshakable in the tobacco industry, competition is not about opening a better tobacco company, but about developing electronic cigarettes and marijuana. These two strategies ensure that cryptocurrencies can survive until today. The next step is to determine who can achieve complete compliance faster and who can be accepted by the old money of web2 faster. Binance has taken the fastest action, and compliance has taken the fastest action in 2022 and 2023. If there is a strategic investment department promoting Binance's investment, I think it should be rewarded with a year-end bonus.