The response from former SEC John Reed Stark is worth the read. https://twitter.com/bgarlinghouse/status/1865930540056027268

Twitter

Here is the English translation, with <> elements left unchanged:

The past does not repeat itself, but it rhymes.
Christmas is just around the corner, and the new year of 2025 is approaching. With the buffs of Christmas, New Year, Trump's inauguration, and Bitcoin's halving year... Bitcoin may have the chance to end its adjustment and return to an upward trajectory.
As Christmas arrives, has the crypto market correction come to an end?
The Federal Reserve announced a rate cut last week and lowered the possibility of further rate cuts, leading to a global market crash. Bitcoin plunged from its all-time high of $108,000 to around $90,000 in just a few days, and <Altcoins> were even more bloodbath, with some tokens losing all their gains from the bull market period.
Bi...

Christmas is approaching, can Bitcoin get back on the upward trajectory?

I have always believed that <@AbstractChain> is the last hope for the L2 track, as they are backed by the fat penguin <@pudgypenguins> <@LucaNetz>. If Abstract cannot make it, L2 will be completely doomed. Over the past few months, due to my deep involvement in the Abstract community, I have accumulated two contributor identities (Elite+Giga), which seems to be the only one in the Chinese region. Because of these two Roles, I have received an additional 266,000 $PENGU, which, based on the on-chain price of 0.05U at the time, is worth over 1.3...

The last hope of L2! Penguin Chain Abstract's most complete zero-effort tutorial

Recently, many brothers asked me how to get Monad's DC community role and asked me if chatting is OK. I found that many people on Twitter also think that casual chatting is OK. This is a big misunderstanding. Let me introduce the process and some other content that everyone is very concerned about! 
Monad is currently divided into two communities, DC community and TG community. The entry threshold of DC community is high, and the entry threshold of TG community is very low. Everyone can enter TG community. 
Let's talk about the situation of roles. Monad roles cannot be obtained through casual chatting, and the chat level is useless. DC community does not welcome spam. 
Let me introduce...