Recently, Bn has launched/plans to launch TSLA, INTC, and Hood perpetual contracts, which is a very interesting signal. Leaving aside compliance issues, this reflects a lack of intrinsic cryptocurrencies, forcing the industry to accelerate the introduction of new "gambling tools" from Trade-Fi. This is also a result of past misconduct within the industry. Furthermore, the "gambling tool neutrality" theory will ultimately lead to the industry's desolation, reducing it to an appendage of traditional finance. Gamblers are the lifeblood; satisfying their every appetite may bring short-term gains for top players, but long-term overall damage. In this regard, Tether is striving to introduce gold tokens into the Cryptocurrency ecosystem, while tech enthusiasts are focusing on Openclaw, seeking breakthroughs by combining AI with Cryptocurrency. Winter has arrived; how can companies adapt and survive?

The real reason this industry is declining is that its most important supporters are stigmatized as gamblers.