Today I saw a piece of news and felt it’s more worth paying attention to than price fluctuations.

The White House will convene a meeting with the crypto industry. Participants will include crypto firms such as Coinbase and Ripple, as well as traditional financial institutions like Nasdaq and CME, along with regulators such as the SEC and CFTC. At the same time, the U.S. Treasury is also moving forward with the implementing rules for the GENIUS Act.

This gives me a feeling:

Crypto is no longer a niche market.

A few years ago, people were discussing:

Will regulation crack down on Crypto?

Now the discussion is:

How should regulation help the industry develop?

That means the market is entering a new phase.

In the future, what may truly have opportunities isn’t just a single popular token, but rather ecosystems that actually have users, liquidity, and real trading scenarios.

Recently, when I look at projects, I’m finding myself paying less and less attention only to price.

I’m looking more at:

- Whether on-chain trading is seeing sustained growth;
- Whether capital flows are changing;
- Whether user engagement and activity are improving;
- Whether liquidity is healthy.

These data points are more informative than short-term ups and downs.

In my day-to-day work, I use Ave.ai to track on-chain trading, capital flows, and wallet changes—so I can observe market sentiment and on-chain data together.

There are new messages every day.

But what’s really worth关注 is:

Which messages will change the direction of the entire industry.

In your view, over the next few years, will the biggest opportunities in the crypto industry come from technological innovation or from regulatory improvements?