The 'tightening spell' of the second cake is quietly loosening.

Recently, Joseph Lubin, co-founder of Ethereum and head of Consensys, publicly stated that the regulatory environment for the second cake in the beautiful country is undergoing a 'qualitative change.' Although this statement may seem mild, it hides tremendous variable signals.

You should know that regulation is not just idle talk but a true 'anchor' that determines the life and death of the market. For a long time, the question of whether the second cake constitutes a security has been like a hidden bomb over the entire ecosystem, causing large funds to hesitate, developers to have concerns, and limiting ecological expansion.

Now, this ceiling seems to have developed a crack. Regulation is no longer a one-size-fits-all approach; instead, it is beginning to differentiate, loosen, and even shift towards inclusivity. What does this mean? It means that more wallets from hedge funds, Wall Street giants, and even sovereign institutions might quietly open up for the second cake.

⚠️ Currently, although the second cake is in a low-level fluctuation, from the perspective of value discovery logic, once the regulatory boot falls and emotions are realized, the market's valuation system for the second cake will be completely restructured!

Remember this: turning points never wait for your confirmation; they only reward those who lay out in advance.

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