Some quick takeaways from this trip to Dubai: - Binance is moving fast on its way to becoming the Web3 Tencent, with clear ecosystem synergy and siphoning effects. - KOLs are starting to feel identity anxiety, wanting to shift from being pawns to players. - All prosperity is the merit of the bull market, and all problems are the fault of the bear market. After chatting with some high-level thinkers, I’m placing more emphasis on the possibility of a prolonged bear market.