The future goals for blockchain companies transitioning boil down to two paths: one is extreme compliance, leveraging blockchain technology as the foundation to generate protocol revenue with effective token empowerment methods like dividends and buybacks; the other is extreme non-compliance, continuing to create volatility and manipulation. This route, undeniably, will always have its players. Bear markets have their own mindset, and bull markets have theirs. In a bull market, everyone feels like a stock market genius because no matter what you buy, the market is skyrocketing. Making money often isn’t about having the right logic. But in a bear market, you need to be more cautious and find ways to squeeze out opportunities from the few that remain. It’s pretty clear that crypto is in a bear market phase right now—there’s no need to question it further. For those governance tokens, major coins, or tokens with visible ceilings, you really need to think twice before making a move. At this stage of the market, if you’re not moving funds into brokers or tokenized stocks, the use cases for $USDT are mostly limited to wealth management, occasionally participating in Bn alpha airdrops, TGE pre-marketing events, or taking small risks on meme coins. Beyond that, there are very few opportunities with a good risk-to-reward ratio.