#稳定币发行与生态 Seeing the institutional moves on the eve of Q1, I feel a bit emotional. The Yi Li Hua team has been steadily increasing their ETH holdings from $3,000, now holding over 590,000 ETH. This reflects not a gambler's mentality but a confident recognition of long-term value. They are not worried about a few hundred dollars of volatility because their positions are sufficiently diversified and their mindset is stable.

What’s more worth noting is Framework Ventures’ outlook for 2026 — a significant reduction in token issuance, a return of market focus to mainstream assets, and institutional capital flowing into DeFi blue-chip projects with real value capture. What does this mean? It means that projects with high FDV and no fundamentals are being phased out, and the industry is undergoing a necessary "clearing out."

Stablecoins, RWA, and lending markets will become dominant, all pointing to a shared consensus: the future of crypto is built on real-world applications and risk management. So I want to remind everyone: now is not the time to chase highs, but to review your asset allocation. Ask yourself: has your position been thoroughly risk-assessed? Can you withstand a 20% drop? Have you truly developed a long-term mindset?

This market always rewards those who do their homework, have patience, and dare to deploy during panic but avoid over-leverage.