Binance is gradually delisting those once-hyped 'king' projects. The era of VC coin fundraising + exchange listings + secondary market cash grabs is officially over. Crypto is entering a new phase, and only two directions have real potential: crypto+AI and crypto+US stocks. Everything else, like so-called memes, NFTs, and inscriptions, are essentially just tools serving these two directions. Especially crypto+US stocks—this is U.S. national policy (let me emphasize this three times). Who’s pushing crypto+US stocks? Trump! BlackRock! They’re the biggest players in the game. Since Trump’s second term, he’s been trying various ways to address the U.S. debt issue—be it the trade war, the Iran conflict, or the Genius Act. At their core, all these efforts are about solving the problems of U.S. debt and the dollar. Among these, only crypto has proven to be a viable path. Stablecoins have directly provided massive liquidity to short-term U.S. Treasury bonds. Pegged to the dollar, the more widely stablecoins are used, the more they reinforce the dollar’s dominance. Meanwhile, the trade war and the Iran conflict both ended in failure. The current trend is crystal clear: crypto+US stocks. By tokenizing U.S. stocks, they’re selling them to the world, ensuring a continuous flow of global capital into U.S. tech. This is a game where the U.S. itself is stepping in as the dealer. At this point, the main narrative of crypto should be clear. In this cycle, $BTC won’t drop below $58K—it just won’t. More and more people are starting to see through America’s new game. Even though we’re still in a bear market cycle, brothers, make sure you stay at the table. Don’t leave before dawn.