[JackYi: Suggests CZ Reform the Crypto VC Exit Mechanism, Claims 1-3 Year Lock-Up Leads to Industry Innovation Decline] According to Deep Tide TechFlow, on March 10, Liquid Capital founder JackYi published an article pointing out that the decline in innovation within the crypto industry stems from two factors: first, the tightening policies of the previous U.S. administration; second, Binance's requirement for projects to impose a 1-3 year lock-up mechanism on crypto VCs. He believes this mechanism causes project teams, market makers, and exchanges to prioritize liquidity exits, while VCs face a prolonged unlocking period that leads to losses, contradicting the logic of traditional investment markets. Ultimately, this results in the collective demise of crypto VCs, difficulties for quality entrepreneurs in securing funding, and reduced industry innovation. He suggests that CZ provide a better exit mechanism for crypto VCs.