Circle and Coinbase's decline is actually quite worth discussing. The new bill has restricted stablecoin revenue, and there weren’t many solid things in the crypto space to begin with—now stablecoins have taken a big hit. If this industry can't build something meaningful during these two years of the bear market, there might not be a next cycle. In a bear market, costs are low, and there are fewer artificial hypes, which actually makes it a great time to build. Products are easier to launch and more likely to be accepted by the public.