In my impression, after the May 19th policy in 2021, a group of miners in China moved to Kazakhstan, where there are abundant and cheap coal mines and logistics costs are low compared to China. After that, many ash mines once consumed 7% of Kazakhstan's national electricity, which led to strong policies and the closure of a number of mines. Kazakhstan also confiscated a considerable amount of Bitcoin during this process. This is also a background footnote to yesterday's news. Based on the previously confiscated BTC, the Central Bank of Kazakhstan will allocate up to $350 million from its gold and foreign exchange reserves to invest in Crypto assets. This number is not too much for Kazakhstan's foreign exchange reserves of over 60 billion US dollars. In the context of the recent US Iran Middle East situation, some countries may feel the pressure of US long arm jurisdiction. Both Russia and Iran have long been under US sanctions, and de dollarization is a common issue. For ordinary people, holding on chain US dollar stablecoins to hedge against the depreciation and inflation of their own currency is a pragmatic approach. Some people have also realized that in addition to the fragility of the traditional banking system, even the custody, carrying, division, and transfer of physical gold in extreme situations are a major challenge. More Iranian citizens are withdrawing their BTC from local CEX. But for sovereign countries, the stablecoin of the US dollar is essentially still the US dollar. Stablecoins are not a technical issue, but a difficult financial problem to choose from. So in addition to stablecoins, one can allocate and hold Bitcoin digital gold assets, and the second is to establish a de dollarization technology system. @The Sign team is doing something like this. The founder @ realyanxin has been active in the Middle East and Central Asia for a long time, working with many sovereign countries to help governments solve two core digital problems: One is the blockchain of verifiable credentials (identity, visa) for ordinary people, digitizing their identities, which is even more fundamental than the DID called in the industry a few years ago; The second one is money, mainly based on stablecoin payment channels and central bank digital currency (CBDC), to better de dollarize. On one hand, ICE, the parent company of the New York Stock Exchange, is investing in OKX to promote financial integration, while on the other hand, human identities/assets from Middle Eastern/Central Asian countries are being put on the blockchain to bypass the US dollar. Blockchain technology is becoming increasingly important and cannot be ignored.