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Web 2.5 has arrived, but we haven't realized it yet. It's not Web3, nor Web4 — it's capital and traditional giants making massive acquisitions. Startup projects are being acquired, open-source code repositories are being absorbed into large corporate systems, and the entire crypto ecosystem is being eroded. We are moving backwards. The once lively crypto Twitter circle (CT) is now silent, and all discussions have shifted to LinkedIn. This is the reality: when traditional capital finds a way to enter, they will ruthlessly reshape this industry. Cryptocurrency itself? It's been rotten for a long time. What we are experiencing is just the final collapse.