Understand under what circumstances DeFi will be recognized as a "broker," explore the underlying logic and survival space in decentralized and regulatory attitudes, and find the perfect exit.

Not seeking financing, not pursuing large exchanges, and not deliberately spending money on advertising, taking a bottom-up approach is more likely to gain favor in the current market.

Risks always occur in the unknown.

True heroes adapt to each era.

This article mainly interprets how digital assets are defined in the regulatory framework proposed by FIT21, as well as the boundaries between commodities and securities.

Farcaster essentially belongs to the transformation of the primitive layer, being closer to the concept of "Layer," which makes it possible to build financialized services based on "Layer" and derive more extensive application scenarios.