In the afternoon, the alarm for $hsk went off, and the silly brother also went to eat a wave. Now the OTC for $hsk is at the bottom. All major brokerages need it. However, regarding the issuance of stablecoins, $hsk still isn't up to par. It should be that $hsk's losses stem from being a copycat. If it were to go public, its market value might have been 10 times already. Guotai Junan has brought HSK up because Guotai Junan and Futu have entered the crypto space, using Hashkey at the base level. In fact, before this, Shengli Securities also used Hashkey. This news is well-known within the circle. But today, emotions have surged, and Guotai's funds overflowed. I chased a bit in the afternoon. The bubble of stablecoins comes from Circle. The market value has exceeded its issuance amount. Then it went to Guotai Junan. Now it has finally reached this lousy label of $hsk. Saying $hsk is bad is because their business performance is poor. But now, they are doing crypto OTC compliance. The entry of brokerages for stablecoin deposits is a scenario where brokerages, as entry points, benefit more. But $hsk has finally managed to ride the wave of stablecoins and brokerages' popularity. The fundamentals of $hsk are not enough; now emotions have surged, and prices have risen. Moreover, Hashkey's OTC also has competition. It can be shouted out that Hashkey, which has almost no trading users, is the next Coinbase as a kind of community sentiment. But one must understand in their heart that this is almost impossible. The bottom has already risen by 2-3 times. Someone should have been secretly building positions these days. The pump was chosen at 1 PM today. A few days ago, various news about hsk flowed out. All their employees should have a cost of 0.4. Now OSL is also in the game, and I estimate a large number of institutions will soon get licensed. They will gradually all obtain it. How much further can the current emotions go?