As BlackRock has repeatedly emphasized, financial assets on the blockchain, Ether is the default option, and traditional finance is beginning to understand the importance of Ether as infrastructure.

However, the ETH price hasn't risen, and the reason is simple,

The market is a voting machine in the short term, but a weighing machine in the long term.

Today, CRCL surged while BTC and ETH plummeted; this is certainly related to sentiment and the overall market, and to some extent reflects the current situation of funds chasing hot topics, with on-chain funds being particularly depleted.

But this situation is unlikely to last long, because it's not just stablecoins; RWA is coming soon.

Robinhoon, the CEO, stated in an interview that there are no legislative thresholds for RWA on the blockchain.