Wu Shuo learned that Delphi Ventures founding partner Tommy Shaughnessy posted an article stating that there is a significant divergence between cryptocurrency prices and underlying fundamentals. The reasons include: Meme coin speculation cooling down, the impact of the "10/10" event, slowing DAT buying activity, and capital flowing out to AI stocks and private equity trades. Despite the bearish market sentiment and ETF asset management scale reaching new highs, prices remain under pressure. He believes that cryptocurrencies are in one of their strongest historical positions and pointed out that relevant US legislation is lagging behind: the GENIUS Act allows banks to issue stablecoins or promote an increase in stablecoin supply to hundreds of billions of dollars, but it will only take effect in January 2027.