[NYDIG Research Director Says Scope of Cryptocurrency Investment is Gradually Narrowing] NYDIG Research Director Greg Cipolaro pointed out in a report released last Friday that as the crypto industry matures, the applications attracting investors are decreasing, and the investable scope is gradually narrowing to niche areas of traditional financial products extended to blockchain. These include Bitcoin, tokenized assets, stablecoins, certain DeFi infrastructure, and a few general-purpose blockchains like Ethereum. He believes that the core attributes of blockchain are more suited for monetary and quasi-monetary financial applications rather than broad real-world scenarios. Blockchain applications such as gaming, social networks, and the metaverse are cooling off due to the advantages of centralized systems. The current market reflects this trend, with Bitcoin's market dominance rising and limited funds flowing into altcoins.