Yi Li Hua’s shout: “A new round of encrypted bull market is about to begin.” He clamped his teeth on the on-chain stocks.

Before that, Boss Yi complained that the industry is full of “black PR articles, feuds, and made-up stories.” In essence, he’s saying that the previous round’s air-filled memes and mindless volume-churning have already stopped being able to harvest retail investors.

On-chain stocks package US stocks and traditional company equity directly into ERC-20 tokens. This both satisfies the crypto world’s need for 24/7 high-leverage trading, and also brings the high-quality liquidity of US stocks into Web3—so institutions naturally are willing to pay for it.

When big institutional players publicly announce “the bull market is starting + a certain sector,” it usually means they’ve already laid the groundwork in the on-chain primary market or within a protocol. By the time the public comes in late and starts chasing the concept coins, it may well provide liquidity for early VC investors to exit—$CRCLB