Orange Evening Interpretation 6.20 If in the past few years, Da Bing and Shanzhai belonged to the village chief leading the villagers in development and entrepreneurship, and everyone had a share of the money earned, now it is obvious that the village chief has been promoted to the central government, and their career prospects are bright, while the old villagers are left alone in the old world, and the future development of encryption has nothing to do with them anymore! The US stock market did not open last night, and the cryptocurrency market also took a break. The market volume was severely reduced, and the price fluctuations became smaller. In the end, Da Bing still lived up to the appearance of the US stock market. The worst performers in this round were the old shanzhai in CEX. If Da Bing and Shanzhai were led by the village chief to develop and start businesses in the past few years, and everyone had a share of the money earned, now it is obvious that the village chief has been promoted to the central government, and their career prospects are bright. The old villagers have stayed alone in the old world. Although it is cruel, this is the reality. The cryptocurrency market has been the most suitable market for Xianyu to turn the tide and overtake, but this does not mean forever, just like the top ten ranked in the cryptocurrency market in 2013. Except for Da Bing, Lite, and Ripple, all the fourth to tenth coins have disappeared. These seven projects are PPC (Dian Dian Coin) NMC (Domain Name Coin) FTC、NVC、XPM、MEC、QRK， Most of you haven't even heard of the names here, which is caused by the transition of the times. Perhaps in another two years, 99% of the projects in the current cryptocurrency market will have this outcome, with no price and no one remembering. Therefore, we must persevere in learning in this circle, especially after experiencing the era of inscriptions, memes, and AI agents. The pace of the cryptocurrency market has noticeably accelerated, and many so-called race leaders may not survive for more than three months. We must seize those projects with eternal characteristics and bravely bid farewell to old coins that are at risk of being eliminated. Now the market has basically desensitized to the news of the Iran Israel conflict, and Trump's speech is also a gag. Israel said that the United States would decide whether to join the war within 24-48 hours, and then Chuanzi would make a decision within two weeks. The day lily is cold, it is obvious that they do not want to deal with it. The media is still promoting Iran's backhand, saying that Iran will build a nuclear bomb if the key nuclear facilities are destroyed or the supreme leader is killed. This is an uncertainty that the whole network is worried about. Of course, Trump still sent a signal that it hopes to solve the problem peacefully through negotiations, and various aircraft carriers have also gone, and will give Israel firepower support when necessary. In short, if the war does not escalate, the market will no longer care about these. Iran's cryptocurrency exchange has been attacked by an Israeli hacker group, resulting in losses exceeding 8500w. This wave of Israeli hackers should be demonstrating and showing off their skills, because several accounts attacked by hackers are beautiful, and their addresses include the words' fxxkir ', which should be telling the Iranian government that not only have your various intelligence systems been infiltrated into a sieve, but even your encrypted CEX that bypasses sanctions has been stripped away by us. Iran's current response strategy is to limit operating hours from 10am to 8pm. Yesterday, a big V expressed dissatisfaction with the virtual point allocation issue, believing that the proportion of DEVs obtained on the platform is too high. One person can actually earn 15m points in a single day, accounting for one-third of the total points in the pool. This has caused retail investors to have no room to survive, and new coins have been falling. Many staking players are now criticizing the official for inaction. Currently, the virtual official has replied that a comprehensive process review will be conducted and necessary measures will be taken depending on the situation. It's really difficult to make money in the cryptocurrency market, even if there's a slight gap, it can be overwhelming. Yesterday, Binance Alpha's airdrop order only generated a profit of 30u, which, after deducting wear and tear, has no profit margin. Apart from the studio still persevering, I see that many players have stopped. Currently, it's difficult to persist in this operation that forcefully brings profit effects and emotions to the market through the model. In other words, the market lacks narrative innovation. If we rely solely on the model, the short-term positive flywheel will end. Next, the market will become more divided into two levels, without relying on stablecoins rwa、etf、defi、ai、 Public chain infrastructure projects will all die, while projects that can step onto the future crypto core ship will have unlimited growth expectations. For example, the Circle IPO institution only gave a valuation of over 6 billion yuan, but the market still pulled up to 40 billion yuan. It is precisely because everyone has unlimited expectations for the future of stablecoins that we should embrace the future and not live in the past.