During the honeymoon period, I unexpectedly met a few peers.

1. There were indeed a few people who recently made a high-profile defense of their rights and were taken away for tea; the reason was all about creating trouble. Mainly, they couldn't explain why they had been in mainland China for a long time and could access Twitter and TG.

2. Taiwan is an active market; many exchanges want to participate, but some are indeed confused. Some people with mainland passports were reported and deported just after arriving for business or medical beauty visas.

3. The listing of Circle has indeed made many payment companies anxious. Last weekend, I saw many traditional veterans organizing learning sessions, but they are also afraid it might be too late to get involved, so they can only sing empty praises while feeling jealous.

4. In fact, some trendy brands and IP toys have secondary market-making teams. In the past, you could still check K lines and transaction volumes on platforms like DeWu, but later it became too crazy, and higher-level regulations intervened and removed it. Now, apps like Shihuo are secretly supporting it. These gameplay styles are just too familiar from back in the day.

5. Many times, the resources obtained are provided by the market and the platform. If you join a normal VC after graduation and work for 3-4 years, it’s not unusual to encounter investment cases for star projects. Typically, the invested companies are willing to give some face and accept interviews or interactions with lower-level people, but these are all platform resources.

6. Recently, many cryptocurrency traders have moved to play Circle in the US stock market, with a daily trading volume of over 60 million shares. Coinbase's listing only lasted for one day, but Circle has persisted for two days; many cryptocurrency trading groups have recently transformed into US stock groups.

7. After last week's strict regulatory developments in Singapore, some exchanges have indeed notified all mid- to high-level employees to prohibit travel to Singapore. It’s a pity that last year you could still see people in Singapore.

8. The honeymoon trip is still ongoing; Taiwan is indeed a beautiful and open place. When I return to Tokyo on Thursday, I will continue to update – thank you all for your long-term attention, and I will soon return to frequent updates.