In a recent media dialogue, exchange executives shared their thoughts on the current market. He mentioned an interesting phenomenon: compared to previous years, it is now difficult to experience sudden sharp crashes or prolonged deep bear markets as in the past. The market's resilience is increasing, but this does not mean that risks have disappeared.

He specifically pointed out a point worth vigilance—AI bubbles. Although AI has enormous potential to empower blockchain, some market participants are indeed worried that the AI craze might eventually turn into another round of bubble burst.

Regarding recent market fluctuations, he believes that relatively small-scale collapse events have limited impact, and the overall market resilience is improving. However, he also emphasized the importance of technical aspects—the exchange's PoR (Proof of Reserves) mechanism must be open-source and transparent, and it needs independent third-party audits to back it up. Only then can user confidence be truly established.

He also recalled the scene when Zcash went live on the mainnet in 2017, when the first block was mined, and the excitement and anticipation in the community were unprecedented. In contrast, the current market is more rational and more institutionalized. The policy environment in the United States currently presents a relatively friendly choice for the development of the Web3 industry.