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The first step is to put the US dollar on the blockchain, followed by US Treasury bonds and US stocks on the blockchain, and finally real assets (real estate, collectibles, gold, etc.) on the blockchain. The overall scale of on-chain value will exceed one hundred trillion dollars. Who will become the king of the entire crypto field? If BTC is the anchor of crypto (digital gold), then Ethereum has greater potential to become the king of crypto.

Can you imagine Bitcoin and Ethereum going public on the US stock market? The moment crypto-native projects plan to go public on the US stock market, the flavor changes. There is no field with a more distinct duality than that of the crypto space.

所有生灵共用一个“因果”的公链，这里有包括全人类在内的所有生灵的行为总帐本。这个账本的法则是因果，不仅记录了所有的行为，也有所有的起心动念，无论大事小事还是大念头小念头，一一皆记录在账，无有遗漏；且这条公链还有最智能的智能合约，一切发生的皆由因果自动执行。

而试图离开这条“公链”，跨链到更高维的“账本”（西方净土），有着极高的难度。整个人类历史上能达此成就者，屈指可数。跨链到更高维公链，换句通俗的话，就是修行。

跨链成功者，就是“成仙”/“成佛”。跨链的途径，是佛说的“觉醒”。而有意思的是，按照佛的说法，众生皆有跨链能力，是“本自具足”，无须外求，在这条链上困住的众生，本质并无高下之分（众生平等），都具有觉醒的因子，但因“颠倒梦想”，无法进入“更高维的账本”。

I don't play any memes, but if I had to choose the best meme, I would definitely vote for fartcoin, as it is the best description of the dark side of crypto assets.

Currently, Polymarket's visits in May are close to 16 million, which is beyond imagination. If collaboration with X is realized in the future, there is a chance to surpass Robinhood and rank first.
The integration of web3 and web2 will become more frequent, which is also good news for underlying public chains/L2.

Any institution or large whale supporting a project and engaging in transparent trading operations, even if it's BTC/ETH, should not be understood as a positive signal. There is only one exception: this institution or large whale possesses extraordinary luck or blessings.

Humanity has acquired @Moongate. This is an important step for @Humanityprot to embed its web3 digital identity into real-world scenarios. Moongate is the ticketing engine behind various activities in web3. Events you may be familiar with, such as TOKEN2049 and ETHDenver, have utilized Moongate's ticketing service, which currently serves over 300,000 on-chain tickets globally. Humanity is a digital identity protocol for web3, and there is a natural synergy between the two.

The acquisition of Moongate by Humanity is essentially a strategic move for Humanity to embed itself into real-world scenarios. Currently, Moongate provides ticketing support for web3 events and can offer similar services for NFT communities and DAO governance. Additionally, in the future, Moongate can provide the same identity verification services for other conferences, music festivals, sporting events, holidays, and more. By partnering with Humanity, Moongate can upgrade its services.

The difference between Humanity's web3 digital identity and traditional web2 digital identity systems lies in the fact that on-chain identity systems are not limited by geographical constraints or internal project system limitations. They can provide a brand new user experience for different events, such as user loyalty incentives related to tickets or other digital identities. For instance, if a user is both a ticket holder for ETHDenver and a ticket holder for Token2049, and has participated in more than three consecutive events, they will have the opportunity to receive rewards for loyal participation, such as better pricing and access to more exclusive events (the above is a hypothetical scenario). More importantly, with a digital identity, users can also protect their privacy without disclosing their real identity information.

Furthermore, this has implications for building on-chain credit economies like DeFi. By linking web3 digital identities with user addresses, it is possible to analyze users' on-chain behaviors and provide various rewards based on their actions, or offer credit lending possibilities, all while allowing users to maintain their privacy.

Virtuals and Ethereum united, firstly, Ethereum once again proves that it really starts to value applications; secondly, Ethereum does not want to miss the next most significant narrative: Crypto AI.

Many friends have privately asked how to play. My response is often the most unnutritious and common talk: before making any investments or trades, first understand your own nature, or learn while playing, and the most important thing is not to get too deeply involved. Winning once or twice, no matter how big the result is, do not become overly inflated; it is human nature to feel some pride. If you lose, do not underestimate yourself too much; sometimes paying tuition is a necessary process.

If a person completely relies on others to participate in the game, it is better not to participate. Knowing yourself is more important than achieving one or two big results.

In our eyes, whether eth is 1500 or 2500, the difference is not significant.

Musk's X plan collaborates with Polymarket to become the official prediction market for X. The likelihood of making predictions through X tweets is increasing in the future.

If all goes well, X may potentially integrate more crypto services in the future, including crypto stablecoin payments, cryptocurrency trading, and more.

The era of web3 and web2 intertwining is about to arrive. For the average user, they may not even need to distinguish between whether this is web2 or web3.

Musk's X plan collaborates with Polymarket to become the official prediction market partner of X. In the future, the probability of making predictions through X tweets will increase.

If all goes well, X may potentially integrate more crypto services in the future, including crypto stablecoin payments, cryptocurrency trading, and more.

The era of web3 and web2 intertwining is about to arrive. For ordinary users, they may not need to distinguish whether this is web2 or web3 at all.

Previously thought it would take 5-10 years for Ethereum to have a recognition breakthrough similar to BTC in this cycle, but now it seems there is a chance to achieve it in 2-3 years. It appears that the frequency of this world is accelerating.

Currently, Kaito's "control" over cryptocurrency KOLs is a prototype of the future AI's "control" over the vast majority of people. Before AI awakens, it is the most effective tool for certain large institutions to control the remaining majority.

In the past, management relied on layers of organization and communication through people; now it relies on AI to directly manage and control millions or even tens of millions of people. And cryptographic technology is almost the only hedge; although currently, people hardly pay attention to the spirit of cryptocurrency, nor do they care about what truly constitutes the foundation of decentralization, with the unlimited enhancement of AI's control, attention to the original spirit of the cryptocurrency field will also follow.

In the transition from traditional finance to crypto finance, Ethereum, as a neutral network, will become the most important crypto financial infrastructure in the next decade.

Joe Lubin (co-founder of Ethereum and CEO of Consensys) revealed that Consensys "is in discussions with the 'major sovereign wealth funds and banks' of a 'very powerful' country regarding potential construction based on Ethereum."

Similar signals are just the beginning.

BlackRock's address seems to be selling BTC and buying ETH these days. Have BlackRock's clients sensed something?

The Ethereum Foundation has launched the 'protocol' execution business unit, mainly focusing on three things: scaling L1; scaling L2; and enhancing user experience.
It seems that they are indeed placing real emphasis on the implementation aspects of engineering, which is a good thing. However, I still believe that the highest priority at this stage is to integrate L2, rather than scaling L1. The top priority is to regain dominance for L1, so that the L1/L2 ecosystem can truly work in synergy.

It's interesting to see both popular presidential candidates in South Korea supporting cryptocurrency, especially in terms of ETFs and stablecoins tied to the Korean won. The South Korean crypto market is one of the most active in the world, with reports suggesting that over 1/3 of the population (around 18 million people) participate in digital asset trading.

This reminds me of a conversation I had not long ago with a Korean OG. He mentioned that most Korean users don't really engage with BTC or ETH; there are some who play with memes, but not many, and many more who are into altcoins.

From my brief understanding, the altcoins that Korean users are involved with don't overlap much with those in the Chinese-speaking community. Perhaps this is one of the important reasons why a price resonance cannot form.

The significant lowering of the threshold for issuing on-chain assets in this cycle has led to an overflow of on-chain assets, with liquidity becoming dispersed, ultimately preventing the kind of price surges seen in the previous cycles, which were dozens or even hundreds of times higher. Projects that manage to survive in such conditions must have exceptional qualities in some aspects.

Finally, if Korea can truly promote the development of stablecoins and RWA, it would be a positive for providing infrastructure for crypto finance, especially for truly decentralized, trustless, neutral platforms.

Web3 digital identity projects are different from meme projects; their value must be reflected in practical application scenarios. Currently, major Web3 digital identity projects such as Worldcoin (@worldcoinfnd) and Humanity (@Humanityprot) are examples of this.

Currently, the potential application scenarios of Humanity's palm scanning and decentralized verification technology include:

* Providing services to prevent witch attacks, especially as dApps may adopt this first.

* Replacing traditional KYC processes by verifying users' unique identities through palm prints, simplifying account opening, payment, and other processes. Some may argue that this is unlikely, but if the limits are kept small, it may receive regulatory support in some countries. This is especially relevant in the era of AI-driven crypto payments.

* Inclusive finance and social welfare; in many parts of the world, users do not have financial accounts. Through palm print verification, this can help these users access financial services. In terms of charity and social welfare, it can also promote UBI services, allowing more people to receive genuine assistance and benefits.

* Preventing identity fraud in the AI era, as various forms of fraud are rampant. Achieving verification of identity can provide significant help.

* In the virtual world and gaming, providing identity verification services for existing games or virtual worlds to ensure the uniqueness of players and prevent various cheating.

* Web3 DAO governance, which is very helpful for ensuring one person, one vote, and can also verify the identity of participants.

* Social media verification; whether on Web2 or Web3 content platforms, there are numerous fake accounts. Achieving a trustworthy platform is greatly aided by Web3 digital identity.

* Replacing traditional access control systems and breaking physical boundaries. For instance, users with genuine palm print identities can access physical or digital spaces anywhere in the world as long as the system is supported. Of course, this is relatively lower in security level but still has certain thresholds.

What commonalities do the project teams behind virtuals, hype, and kaito have that stood out during this period? The stage of competing on infrastructure has passed; the next phase is to build application ecosystems. Let's welcome the stage of a major crypto explosion in the next ten years, which will also be the best opportunity for such teams to rise.

For truly ambitious and visionary entrepreneurial teams, the crypto AI track, DeFi... may still bring forth new innovations.

The next ten years will be a crucial decade for the migration from traditional finance to crypto finance.