At 3 a.m., I looked at the constantly changing positions on the screen and suddenly realized a more urgent issue. It's not pressure from the market, but from the tax authorities—according to the latest fiscal policies, exchanges are required to directly report users' trading records to the tax department. What's more complicated is that these reports initially only include the sale amounts, with missing purchase cost information. In other words, if you can't clearly state your holding costs, the tax authorities might assume your costs are zero and directly issue a hefty tax bill.

The trouble doesn't stop there. New compliance requirements mandate calculating costs separately for each exchange and each wallet, no longer allowing cross-platform aggregation. I instantly realized my predicament—assets spread across five exchanges, wallets on three different blockchains, plus various DeFi liquidity pools. This is almost a "3D bookkeeping" game. Rather than waiting for problems to erupt, I decided to thoroughly organize my ledger first.

During the process, I suddenly thought of a more fundamental issue: the "data tracking difficulty" faced by individual investors is essentially the trust infrastructure gap that the entire crypto ecosystem is about to encounter. As institutional funds and traditional financial assets flood onto the chain, we need a verifiable, traceable, and compliant trustworthy data system. This is also why the credibility and transparency of on-chain data will become the core competitive advantage in the future—whether for personal bookkeeping or institutional compliance, the underlying logic is the same.