[Wintermute Founder Says Crypto Industry Has Strayed from Cypherpunk Ideals] On February 20, Evgeny Gaevoy, founder of crypto market maker Wintermute, stated on Fortune magazine's Crypto Playbook podcast that the crypto industry has gradually been dominated by a mindset focused solely on 'price appreciation,' deviating from the cypherpunk ideals of Bitcoin's original decentralized monetary system. He believes the industry should return to the cypherpunk spirit in the future, rather than fully integrating with Wall Street. Additionally, Evgeny Gaevoy pointed out that the total value locked (TVL) in the Ethereum ecosystem exceeds $120 billion, but most of it is 'idle capital,' with a very low proportion truly integrated into real-world economic activities, still falling short compared to the traditional financial system.