["‘1011 Insider Whale’ Agent: Ethereum Will Become the Settlement Layer of Global Capital Markets, 2026 Will Be the ‘Year of RWA’"] The agent of "1011 Insider Whale," Garrett Jin, posted on the X platform, stating that under the backdrop of de-dollarization, extending the debt cycle to help the U.S. resolve its debt issues seems unrealistic. Tokenizing U.S. equities to drive stablecoin demand is the primary feasible path for the U.S. to refinance its growing debt, as evidenced by BlackRock's push for RWA (Real World Assets). This comes against the backdrop of the continuous accumulation of U.S. debt. Since 2025, there have been market rumors about the so-called "Mar-a-Lago Agreement," but this agreement has never been formally signed or implemented. Its core idea is to alleviate the $36 trillion burden of U.S. federal debt. However, the reality is that U.S. debt continues to rise, and de-dollarization has not slowed down. Countries like Sweden, Denmark, and India are all reducing their holdings of U.S. Treasury bonds. If the U.S. wants to use new debt to repay old debt, the only realistic path is to issue more stablecoins and attract new global capital into U.S. Treasury bonds. To achieve large-scale operations, the solution lies in RWA, which involves putting U.S. equities on-chain. Tokenizing the $68 trillion worth of U.S. equities would significantly boost stablecoin demand and indirectly absorb debt pressure. This is why BlackRock, closely tied to the U.S. power center, is actively promoting RWA and on-chain stock trading. Against this backdrop, ETH will become the settlement layer of global capital markets out of practical necessity, and 2026 will be the "Year of RWA."