[HTX Ventures Head Alec Goh: Institutions Use 'Hype' to Enter the Market, But Fundamentals Will Ultimately Prevail] HTX Ventures Head Alec Goh was invited to attend a roundtable forum in Dubai themed 'Crypto's Next Chapter: From Hype to Fundamentals,' where he shared his observations on institutional capital dynamics and investment strategies. Alec pointed out that as institutional capital enters the crypto market, they occasionally leverage hype cycles to gain attention and market recognition, such as DAT (Digital Asset Tokenization) and other tokenized asset projects. These short-term surges may lead to rapid market cap growth, but ultimately, the market will return to fundamentals: real revenue, product adoption, and execution are the core drivers of long-term value. Alec further stated that for most institutions, the current phase is more like an 'experiment and learning period,' where they gradually accumulate practical experience through tokenization exploration, treasury asset diversification, and product strategy validation. In the future, collaborations between traditional enterprises and blockchain infrastructure will shift from PR stunts to actual product implementation and closed business loops. Alec emphasized, 'HTX Ventures' stance is very clear: we do not participate in retail speculation competition but instead focus on technological and regulatory inflection points, transforming hype into sustainable infrastructure to promote the long-term healthy development of the crypto ecosystem.'