Discussed by OKX Ventures and Fundamental Labs around topics such as "How should the next phase of infrastructure development proceed?"

Software is devouring the world, and AI is devouring software.

Cycles and narratives have always been central topics in the global cryptocurrency market. In the past, the industry often perceived cycles based on Bitcoin halving while exploring major narrative trends. However, after the approval of Bitcoin and Ethereum spot ETFs, the cryptocurrency market has become highly coupled with global financial market trends, and the variables influencing the cryptocurrency market are increasing.

Cycles and narratives have always been core topics in the global crypto market. In the past, the industry often perceived cycles based on Bitcoin halving while exploring major narrative trends. However, after the approval of Bitcoin and Ethereum spot ETFs, the crypto market has become highly coupled with global financial market trends, and the variables influencing the crypto market are increasing.