After the staking business of the centralized exchange was upgraded in Shanghai, it experienced continuous outflow of funds. While LSD and other deposit pools continue to grow, the staking business of centralized entities will continue to be affected by regulatory pressure in the future.
中心化交易所的staking业务在上海升级之后，经历了持续的资金流出。而LSD和其他存款池则在持续增长，未来中心化实体的staking业务将会持续受到监管压力的影响。
We should understand that when the economy is very good, at least when it is expected to be good, the policy will be reversed to cool down the economy and leave policy room for subsequent economic development. This operation is correct and sustainable.
In the field of stock investment, we also need to have this kind of logic of reverse regulation. When the market is hot, we should properly reduce our holdings, and when the market is deserted, we should enter the market to sweep goods.
我们应该明白，在经济太好的时候，至少预期会不错的时候，政策就会逆向调控，让经济降温，为后续的经济发展留下政策的余地。这种操作是对的，也是可持续的。
在股票投资领域我们也要有这种逆向调控的逻辑，在市场热度高的时候适当进行减持操作，在市场冷清的时候进场扫货。
Tushar believes that Bitcoin has the advantage of being mentally ahead of other L1 assets. Early traditional investors believed that Bitcoin was a digital form of gold, but they now believe that Ethereum has been compared to it in terms of liquidity and acceptance. in an equal position.
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What I want to say is that I agree with this observation, because Bitcoin has existed for a long time than Ethereum, and a large number of early followers are a group of people with deep beliefs, and they have also made a lot of money because of their beliefs, but They are also now aware of the potential of eth to surpass btc in the future.
Tushar 认为，与其他 L1 资产相比，比特币的优势是心智领先，早期的传统投资者认为比特币是一种数字形式的黄金，但他们现在认为以太坊在流动性和认可度方面已经与它处于同等地位。
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我想说的是，我认同这个观察，比特币因为存在的时间远比以太坊要长，而且一大批早期追随者都是深具信仰的一群人，他们也因为信仰而赚了很多钱，但是他们现在也都意识到eth未来超越btc的潜力。
The main reason why there is a phenomenon of sudden wealth in the airdrop is that it is still in the early stage of the industry, so many projects actually have not many effective users, so some people can obtain a large amount of airdrop tokens through multi-address interaction. But as the industry matures, airdrops will become relatively low-yield, long-term and large-capital investment. Yields will fall.
撸空投之所以会有暴富现象，主要原因在于现在还是行业早期，所以很多项目其实有效用户并不多，导致有些人可以通过多地址交互的方式获取大量的空投代币。但是随着行业的成熟，撸空投将会变成相对低收益，长时间和大资金投入的事情。收益率会下降。
zksync是肯定会发行代币的，它的官方推特已经表明，sequencer、zk prover、zkporter，社区治理等全部都将实现去中心化，但是要等待核心虚拟机和证明器要足够稳定。