Companies like Tether and Binance operate on a model that drains the industry's profits, raking in billions of dollars annually. They achieved rapid, unregulated growth in the early days of the crypto , bypassing regulatory oversight. Tether, as a non-compliant stablecoin company, not only rakes in huge profits in the crypto crypto but also uses those profits to aggressively purchase gold. From an investment perspective, it's successful; from the perspective of industry building and respect, it's a failure. Conversely, compliant stablecoins like USD1, which use profits to subsidize users through WLFI while continuously buying ETH and other industry assets, represent true industry building. I hope that if CZ (Tether's founder) genuinely believes in the supercycle and Yi Jie (another prominent figure in the crypto world) is optimistic about the arrival of the Bitcoin era, they should use a portion of Binance's profits to invest in BTC/ETH. This would truly align their words with their actions, demonstrate genuine commitment to building the industry, and earn them greater respect. Of course, I also hope other platforms follow suit. Only an industry bull market can truly benefit everyone, while those short sellers are the real cancer in the industry.

If CZ only buys Bitcoin and BBIN, you'll be unhappy again.

Exchanges are busy launching new contracts every day, profiting from price spikes and crashes.