Actually, in the first half of the year, all the expected good news from last year also fell through: --Bitcoin US Strategic Reserve --The stablecoin bill has been passed --SEC's regulatory loosening (FIT21 Act) --Cryptocurrency companies begin to go public --US stock on chain/RWA trend --The emergence of a wave of listed companies issuing bonds and buying coins using micro strategy models Perhaps the market fulfilled its expectations in the second half of last year, so the summary of the first half of the year is: Continuous positive news, forcing without profit