This wave of strategic investment by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), in OKX can be said to have significant implications not only for OKX itself but also for the entire cryptocurrency community. Not to mention the valuation of $25 billion, the core is actually just one sentence: "Obtaining investment and cooperation from ICE means that OKX has gained recognition from top core institutions on Wall Street, directly transforming from a cryptocurrency industry to a 'legitimate army'. After blind guessing, OKX can directly trade US stocks, which is indeed very convenient for cryptocurrency enthusiasts. Therefore, the survival space of Tugou Shanzhai may be even smaller, which will completely change the cryptocurrency ecosystem. Normalization also means that the era of barbarism is coming to an end, and the trend towards institutional compliance in large institutions is irreversible. This means that the long discussed trend of institutional decentralization similar to that of the US stock market will accelerate, and the story of retail investors getting rich overnight by buying knockoffs may be getting farther and farther away from us. But I believe that the next bull market of Da Bing will accelerate and rise to even higher levels. The boundary between the "cryptocurrency circle" and the "stock circle" will become increasingly blurred in the future, and the RWA field may usher in a major explosion. The competitive landscape between market makers and top firms may also be reshuffled, which is something that retail investors need to pay attention to, as change means opportunities.