I came to attend the Hong Kong conference this time, but it seems like I didn't. At the big and small dinner parties, everyone tacitly agreed not to ask or talk about the market trends, and they all understood the lack of valuable new directions in the industry at present. Several friends have told me that they have lost faith in the industry in the past month or two. But still working in the industry with a decent salary. People who left the circle due to contract liquidation and heavy holdings of counterfeit coins returning to zero did not attend the meeting and would not speak up. Those who stayed were survivors. Agentic Payments is a consensus infrastructure direction, including Monad, OKX Wallet, SUI, Cobo, and KITE, all of which have product layouts in these directions, but mainly focused on Infra, which is far from exploding the market. Although the trading volume related to x402 has recently reached a new high. In personal communication, there seem to be few topics related to AI. AI is a great productivity improvement, but it cannot directly make money. Due to AI layoffs, a larger scale in China may occur from the second half of the year to next year. Of course, there are also many new projects in the cryptocurrency industry that are marketed under the banner of AI, but they are all approached with caution. It's simple. What are the advantages of competing with big models and agent products in Silicon Valley and Beijing? It's hard to see. In the end, it all depends on issuing coins to exit. I have participated in events in Singapore, Dubai, Japan, and Hong Kong, and overall, I still feel more familiar with the city of Hong Kong. The consensus on urban safety in Dubai has been broken, and Hong Kong has gained some net inflows in both people and money. The state is the guarantee of urban security, just like PoW is to Bitcoin. I have been eating meals from various project parties for a few days, and the Xiangju invited by 0g @ Jtsong2 is the best and most satisfying This is the first time I have met some online friends who have been communicating with each other for a long time offline:@ mscryptojiayi @lanhubiji @Renee7eth @punk2898 @linwanwan823 @OwenJin12 @RockyBitcoin @RaccoonHKG @mdzzi @moonkimbinance @estherinweb3 @yuexiaoyu @Jiajia_OKX @bocaibocai @agintender @0xPickleCati The phrase 'seeing is better than seeing' has materialized at this moment. There are many old friends who have met for the nth time, especially friendly. This is a proof of existence still in the market.