At the WebX2025 conference, Pancake Swap head Chef Kids pointed out that the tokenization of real-world assets faces standardization and liquidity issues, emphasizing the importance of cross-chain infrastructure, and looking forward to a significant rise in on-chain activities in the future, with stablecoins merging with more tokenized assets to drive industry development.

Odaily News Solana co-founder Raj Gokal stated that the Solana digital asset treasury will be "massive and aligned with Solana's core principles," adding that "just one epic twist will change the lead position in the encryption treasury race." (SolanaFloor)

Jin10 reported on August 26 that Huamao Technology stated on the interactive platform that Fuchuang Youyue is a global AI and Computing Power manufacturing industry chain enterprise, dedicated to the intelligent manufacturing of core components for high-reliability complex electronic products such as high-speed optical modules and high-speed copper cable connectors. Currently, there is no business cooperation with Cambrian and its affiliates, and the products manufactured by Fuchuang Youyue do not include OAM cards, UBB boards, or server computing power cards.

Gate News Bot news, on August 26, according to CoinMarketCap data, as of the time of writing, LINK (Chainlink) is reported at $23.47, falling 8.88% in the last 24 hours, with a high of $27.74 and a low of $23.14. The 24-hour volume reached $1.956 billion. The current market capitalization is approximately $15.917 billion, a decrease of $1.551 billion compared to yesterday. Chainlink is a core infrastructure of blockchain. It provides key solutions for cross-chain communication, compliance, data, and computation, supporting various use cases such as tokenized assets, stablecoins, and DeFi. Chainlink is trusted by financial institutions like Swift, JPMorgan, Mastercard, and DeFi protocols like Aave and GMX, and has facilitated tens of trillions of dollars in on-chain transactions.

Gate News Bot news, August 26, according to CoinMarketCap data, C (Chainbase) is currently priced at $0.21, with a rise of 6.56% in the last 24 hours, reaching a high of $0.23 and a low of $0.19. The current market capitalization is approximately $336,000, an increase of $20,700 compared to yesterday. Chainbase is a super data network that provides a structured, verifiable, and AI-ready data layer for AI and DataFi. It aims to solve the multi-chain data fragmentation problem by abstracting technology to allow users easy access to super data. The core of Chainbase is the "manuscript," which is a standard for a unified data access model. The network supports multi-language dataset reprocessing, providing developers with a transparent and programmable environment. Chainba

Jin10 reported on August 26 that Nanguang stated on the investor interaction platform that the company has passed Nintendo's rigorous factory verification and established a stable supply relationship. To continuously enhance the stability of the cooperation, the company's core strategy focuses on technological leadership, reliable supply assurance, cost advantages, and depth collaboration, reinforcing these core competencies to solidify long-term partnerships. At the same time, Nintendo places great importance on supply chain stability, typically providing long-term partners with reasonable profit levels and stable cooperation positions.

Gate News Bot news, on August 26, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at 0.21 USD, falling by 8.08% in the last 24 hours, with a high of 0.24 USD and a low of 0.21 USD. The current market capitalization is approximately 31.382 billion USD, a decrease of about 2.760 billion USD compared to yesterday. Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts. As a cryptocurrency, Dogecoin utilizes blockchain technology, serving as a highly secure decentralized information storage system maintained by a network of computers known as nodes that keep the public ledger. The core philosophy of Dogecoin is summarized in the "Dogecoin Manifesto," which boasts a vibrant community made up of friendly people. DOGE recently

BlockBeats news, on August 26, the blockchain data monitoring platform Bubblemaps published that according to its tracked capital flows, LIBRA token key figure—Kelsier Labs LLC's CEO Hayden Davis earned $12 million by sniping the YZY token's opening. According to GMGN market data, the YZY token surged to a market capitalization of $3 billion at opening, then entered a one-sided falling trend, and has now dropped to a market capitalization of $550 million, with a 24-hour fall of 19.66%. BlockBeats previously reported that the crypto KOL scooter (@imperooterxbt), who was involved in exposing the insider information of the LIBRA token, stated that it can be 99% certain that Hayden.

Daiwa released a report stating that Li Ning's net profit margin in the first half of the year performed better than expected, with stable signs in its core brand. However, the continued turnaround is not yet confirmed, thus the rating has been upgraded to Hold, with a target price raised to HKD 20. The management remains cautiously optimistic about the performance in the second half of the year.

According to ChainCatcher news, Jin10 data reports that XS.com market analyst Linh Tran stated that the recent outlook for Bitcoin will largely depend on the upcoming U.S. economic data, including preliminary GDP and core personal consumption expenditure inflation. If the data continues to show a slowdown in the U.S. economy and a relief in inflation, the Fed will have more ample reasons to initiate a rate cut cycle. "This situation will create a liquidity-rich environment conducive to the recovery of Bitcoin," Tran said. However, Tran added that if the data is unexpectedly "hot," investors may maintain a defensive posture, prolonging the short-term pullback.

Gate News Bot news, on August 25, according to CoinMarketCap data, as of the time of writing, PLUME (Plume) is currently reported at $0.10, with a rise of 6.69% in the last 24 hours, reaching a maximum of $0.11 and a minimum drop to $0.08. The current market capitalization is approximately $252 million, with an increase of $15.8 million compared to yesterday. Plume is a public blockchain platform focused on tokenizing physical assets (RWA), aiming to transform assets into globally accessible financial tools with genuine crypto-native utility. The Plume ecosystem includes over 200 partners, with a pipeline of assets totaling $5 billion and a total locked value (TVL) reaching $265 million. Its core products include Plume Chain, Arc, pUSD, pETH, among others, providing developers with a comprehensive set of tools and services.

Gate News Bot news, on August 25, according to CoinMarketCap data, XTER (Xterio) is currently priced at $0.19, with a rise of 122.20% in the last 24 hours, reaching a high of $0.28 and a low of $0.08. The current market capitalization is approximately $27.4 million, an increase of $15.1 million compared to yesterday. Xterio is a blockchain project focused on the gaming sector, dedicated to providing blockchain infrastructure and distribution solutions for game developers. Its ecosystem includes AI toolkits, trading platforms, and game development tools, aiming to promote the development of Web3 games. The XTER token is the core of the Xterio ecosystem and is used to support its various functions. Important news about XTER recently: 1️⃣ **Gate launches XTER trading pair**

Gate News Bot news, August 25, according to CoinMarketCap data, as of the time of writing, QTUM (Qtum) is currently priced at $3.23, having risen by 28.57% in the last 24 hours, reaching a high of $3.47 and a low of $1.97. The 24-hour volume reached $550 million. The current market capitalization is approximately $342 million, an increase of $76 million compared to yesterday. Qtum is a decentralized open-source public blockchain that combines the security of Bitcoin with the smart contract functionality of Ethereum. It is a fast, environmentally friendly, and future-oriented scalable PoS blockchain platform that unifies Bitcoin's UTXO model with Ethereum's smart contract capabilities. Qtum's core principles include decentralization, trustlessness, permissionlessness, proof of stake, open source, and community-driven development. The platform supports a variety of wallet ecosystems.

Gate News Bot report, on August 25, according to CoinMarketCap data, DOGE (Dogecoin) is currently priced at $0.23, a fall of 3.74% in the last 24 hours, peaking at $0.24 and dropping to a low of $0.21. The current market capitalization is approximately $34.442 billion, a decrease of about $1.339 billion compared to yesterday. Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts around the world. The core of Dogecoin is an unexpected cryptocurrency movement that brings smiles to people! It uses blockchain technology and is a highly secure decentralized information storage system maintained by a public ledger operated by a network of computers known as nodes. The spirit of Dogecoin is encapsulated in the Dogecoin manifesto, which has a community made up of friendly people like you.

Wall Street traders are betting that the Fed will cut interest rates, and Powell's dovish speech has triggered a cross-market pump, with the market anticipating a 25 basis point cut at the September meeting. Several Fed officials will speak next, and data releases will impact subsequent policies.

According to ChainCatcher news reported by Bitcoin.com, Chris Maurice, co-founder and CEO of the encryption payment platform Yellow Card, stated that stablecoins (such as USDT) rather than Bitcoin will become the core payment infrastructure of the future. He pointed out the case of USDT quickly replacing Bitcoin in payment scenarios and emphasized that on-chain capital flow is the key pathway to driving global adoption of encryption.

According to ChainCatcher's message and reported by CoinTelegraph, Preston Pysh, co-founder of the Bitcoin venture capital firm Ego Death Capital, stated in a recent podcast interview that the skepticism of early Bitcoin adopters towards institutional trends will not disappear anytime soon. Pysh pointed out in a conversation with Natalie Brunell from the Coin Stories podcast that institutional participation in Bitcoin-related "institutional behaviors," such as Bitcoin derivatives trading, has raised concerns within the Bitcoin community about their long-term impact, leading people to question whether Bitcoin can still serve as a safe-haven asset like it did in the past. Pysh emphasizes that the core of Bitcoin culture is to doubt everything and question everything, and that the way institutions participate will be completely different from individuals, making it difficult for the Bitcoin community to accept.

Jin10 data August 22 news, market strategist Art Hogan stated that Powell is able to talk about the risk balance shifting, hence policies may need to adjust accordingly. This is a clear signal indicating his willingness to support future rate cuts, which may occur in September, October, and December. In other words, the driving force clearly comes from the weakness in the labor market, not from the core commodity price rise we see due to tariffs... The clear message conveyed to the market is: a rate cut in September is now very likely.

Odaily News RWA+Layer 2 project Finity stated that an operational vulnerability was discovered today, affecting its media operations and promotional channels. Finity indicated that the core Mint contract is operating normally and has been fully protected, with no impact on user assets. To effectively safeguard user rights, a full refund process will be initiated within the next two hours.

ChainCatcher news, EdgeX Labs officially launches EdgeX Cloud. EdgeX Cloud is a GPU cloud computing platform specifically designed for AI Agents and large language models. EdgeX Cloud focuses on building cost advantages, low operational costs, and multi-model support. Core capabilities include: Pre-configured LLM and Agent runtime environment; Automatic Elastic Scaling + Cloud-Edge Hybrid Computing; Pay-as-you-go billing to avoid wasting computing power; Local/private deployment to meet sensitive scenarios; This release means that AI infrastructure is becoming faster, lighter, and more inclusive.

Golden Finance reported that Matrixport released a weekly report stating that Bitcoin has reached a new historical high, but the overall momentum appears particularly weak. Key indicators that had been continuously rising are now showing significant divergence, raising doubts about the sustainability of this round of pump. Debt expansion, seasonal factors, and on-chain structural changes are all acting on the market. Some data reflects a tendency for profit-taking in the market, while other indicators show that the core driving force of the bull run is still present. The gap between short-term enthusiasm and long-term confidence is rapidly narrowing, and the coming weeks may become a key Node in determining the trend. In the past six weeks, we have consistently maintained a relatively cautious trading position. The reason is that Bitcoin's recent breakout attempts lack the confidence and subsequent momentum displayed during previous bull runs. The overall timing seems a bit awkward, and the key indicators that have consistently supported strong upward movement have not appeared simultaneously. Therefore, it is not surprising that Bitcoin is currently maintaining a range-bound oscillation pattern.

Gate News Bot News, August 22, according to CoinMarketCap data, as of the time of publication, MNEMO (Mnemonics) is currently priced at $0.000014, having pumped 86.28% in the last 24 hours, reaching a high of $0.000082 and a low of $0.0000051, with a trading volume of $72,500 in the last 24 hours. Mnemonics is a platform that combines recoverable mnemonic phrases to unlock cryptocurrency wallets. Users can participate in airdrops by unlocking their cryptocurrency wallets, completing tasks, and inviting friends. The project aims to help users retrieve lost mnemonic phrases and obtain the cryptocurrency contained in the corresponding wallets. Important news about MNEMO recently: 1️⃣ **Project functionality recognized by the market** The core functionality of the Mnemonics platform

Gate News Bot news, August 21, according to CoinMarketCap data, as of the time of writing, TROLL (TROLL (SOL)) is currently priced at $0.20, having risen 12.17% in the last 24 hours, with a high of $0.25 and a low of $0.14. The current market capitalization is approximately $205 million, an increase of $22.22 million compared to yesterday. TROLL is a cryptocurrency project themed around internet prank culture. Its official website presents the core concept of the project with a simple design, positioning itself as "a person who harasses others on the internet for their own entertainment." TROLL token is issued on the Solana blockchain, with the contract address 5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2. The project offers

Golden Finance reports that the hedge fund Situational Awareness, founded by 23-year-old artificial intelligence influencer Leopold Aschenbrenner, has acquired 17.7 million shares of Bitcoin mining company Core Scientific, obtaining 5.8% ownership. The fund believes its valuation is underestimated and will adjust its holdings based on market conditions in the future.

Gate News Bot news, on August 21, according to CoinMarketCap, as of the time of writing, SHIB (Shiba Inu) is currently priced at 0.0000126091 USD, having risen by 3.22% in the last 24 hours, reaching a high of 0.0000141749 USD and a low of 0.0000120623 USD. The 24-hour volume is 201 million USD. The current market capitalization is approximately 7.43 billion USD, an increase of 232 million USD compared to yesterday. Shiba Inu (SHIB) is a decentralized ecosystem focused on providing Web3 solutions. Its core technologies include the Shibarium blockchain, Alpha Layer scaling solutions, DeFi applications, NFTs, and metaverse projects. The SHIB ecosystem.

Gate News Bot news, on August 21, according to CoinMarketCap, as of the time of writing, QTUM (Qtum) is currently priced at $2.40, with a rise of 20.85% in the last 24 hours, reaching a high of $2.42 and a low of $1.97. The 24-hour volume reached $140 million. The current market capitalization is approximately $254 million, an increase of $43.8 million compared to yesterday. Qtum is a decentralized, open-source public blockchain that combines the security of Bitcoin with the smart contract functionality of Ethereum. It is a fast, environmentally friendly, and future-oriented scalable PoS blockchain. Qtum integrates Bitcoin's UTXO model with Ethereum's smart contract capabilities, providing a feature-rich platform that includes hybrid blockchains, core principles, ecosystem maps, decentralized applications, and a multi-wallet ecosystem.

Odaily News In response to the decline in market share of Letsbonk.fun, Solayer core developer Chaofan Shou posted on X, stating that the CPMM program upgrade conducted at midnight on Sunday is the main reason for the decline of Letsbonk.fun. When the upgrade was just completed, almost all automatic launches, pump, and dumping

Foresight News reports that Goldman Sachs has released a research report indicating that the stablecoin market is entering a new round of expansion, with its potential scale possibly reaching several trillion dollars. Its analysts point out that in the long term, the payment sector will become the core driver for the expansion of the total addressable market (TAM) for stablecoins. Although the current applications of stablecoins are still dominated by Crypto Assets trading and overseas demand for US dollars, the penetration potential of payment scenarios has not been fully developed.

According to Jinse Finance, Strategic ETH Reserve announced on the X platform that Argot Collective has launched an Ethereum strategic reserve, currently holding 2474 ETH. Argot Collective is currently a non-profit, independent entity mainly responsible for building and maintaining the core language and tools for the operation of Ethereum applications.

Gate News Bot news, on August 20, according to CoinMarketCap, as of the time of writing, KERNEL (KernelDAO) is currently priced at $0.22, having risen 11.15% in the last 24 hours, with a high of $0.23 and a low of $0.19. The current market capitalization is approximately $49.3 million, an increase of $4.95 million from yesterday, currently ranked 577th. KernelDAO is an ecosystem aimed at providing yields for cryptocurrencies such as ETH, BTC, and BNB. It offers three main products: Kelp, Gain, and Kernel. Kelp allows users to re-stake ETH across more than 10 L2 networks; Gain provides yield opportunities with no lock-up period; Kernel supports re-staking of assets like BNB and BTC. KERNEL token is the core of the entire ecosystem.

Odaily News Hyperliquid has now become the company with the highest per capita revenue in the world, with an annual per capita income of up to 102 million USD. According to a recent interview with Jeff, Hyperliquid is composed of 11 core members, and based on data from the past 30 days, its annualized revenue is approximately 1.127 billion USD.

Gate News bot Message: On August 20th, the $CVAULTCORE token experienced a significant price surge, reaching an all-time high of $32,150. This represents a remarkable 25% increase in the past 24 hours and an astounding 3,115% gain over the last 30 days. The token, associated with the Core Vault pro

Jin10 data, August 19th: Desjardins Group of Canada maintains its forecast for a rate cut by the Central Bank of Canada next month, citing relatively moderate inflation data for July. Overall inflation slowed to 1.7% in July, down from 1.9% the previous month. The inflation rate excluding indirect taxes also decreased from 2.5% to 2.2%. With the Canadian government deciding in March to eliminate the consumer carbon tax, the Central Bank of Canada is closely monitoring this tax-excluded indicator. However, core inflation excluding volatile items such as food and energy remains high, with the core inflation metric preferred by the Central Bank still above 3%. Economist Royce Mendes stated that the data suggests price increases related to tariffs may occur in March and April, potentially earlier than the expectations of the Central Bank of Canada. "Recent price data shows that price growth is normalizing."

Odaily News According to official news, the XT platform has completed system maintenance and has now restored all core functions including withdrawals, spot trading, lending, wealth management, and OTC. XT stated that it will continue to optimize system stability to ensure user asset security and trading experience.

Jin10 data reported on August 19, FP Markets analyst Aaron Hill stated in a report that if the data released later today indicates an unexpected decline in Canada’s core inflation for July, the Canadian dollar may weaken. He pointed out: "If the core inflation indicator falls below 3.0%, it may prompt investors to increase their bets on interest rate cuts, thereby putting pressure on the Canadian dollar." LSEG data shows that the market currently expects a 31% chance of the Central Bank of Canada cutting rates by 25 basis points at the September meeting, with a 69% chance of maintaining the interest rate.

According to Golden Finance, Hans Gersbach and other scholars from the Swiss Federal Institute of Technology Zurich (ETH) presented a speech on "Contagious Stablecoins?" at the World Economists Conference (ESWC) that opened on the 18th. "In an environment where multiple issuers are competing, if one issuer starts paying interest, then other issuers cannot afford to not follow suit. This will lead to overall inefficiency and instability in the stablecoin system." They added, "The interest payment mechanism of this stablecoin is contagious and may ultimately lead to a series of issues. Therefore, prohibiting interest payments through regulation is a core measure to maintain an efficient stablecoin market." Scholars have also pointed out that in the so-called "stablecoin secondary market," if investors do not redeem directly from the issuer but circulate through market transactions, any failure in adjustment can also trigger panic, which also needs to be addressed.

PANews August 18 news, the Gnosis Chain core team proposed to pay a one-time bounty of $10,000 to researchers who discover consensus vulnerabilities. According to the proposal GIP-132, the vulnerability was disclosed by cergyk on February 25, 2025, and could lead to a chain split. The issue was fixed on March 17 through an update from Nethermind. If the vulnerability is exploited, it will cause Nethermind and Erigon to handle transactions inconsistently, which may trigger a chain fork.

BlockBeats news, on August 18, Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," posted on social media that economists expect the core PCE inflation rate for July to be 0.28% (annualized at 3.4%) after converting CPI and PPI data into the PCE index, which will raise the year-on-year increase to 2.9%. The overall PCE inflation rate is expected to be relatively moderate, with a month-on-month increase of 0.21% and a year-on-year increase maintained at 2.6%.

Foresight News reports that the enterprise-level cross-border payment and digital finance network Obita has announced the completion of an Angel Round financing of over 10 million dollars, led jointly by Yuanjing Capital and Mirana Ventures, with follow-up investments from institutions and individuals such as Junlian Capital, HashKey CaptialCapital, and Web3.com Ventures. The funds from this round will focus on the development of core systems, compliance construction applications, and market expansion, accelerating the layout of the global stablecoin cross-border payment network.

Last week (from August 11 to August 17), the crypto market continued its high volatility trend, with Bitcoin (BTC) and Ethereum (ETH) both reaching new phase highs, and the scale of ETF capital inflow was astonishing. However, the weekend market weakened, and major assets fell back for consolidation. The Gate research team has compiled the core market data from last week and significant events worth following this week.

On August 18, the Crypto Assets market continued its oscillating pattern, with Bitcoin (BTC) and Ethereum (ETH) both experiencing downward pressure. Although long-term funds continue to flow in, macroeconomic and geopolitical uncertainties have made the short-term trend full of variables. The research team at Gate exchange conducted an in-depth analysis of the support and resistance levels, technical trends, and investment strategies for the two core assets.

Gate News Bot news, on August 18, according to CoinMarketCap data, as of the time of writing, MAT (Matchain) is currently priced at $0.62, having risen by 55.66% in the last 24 hours, with a high of $0.67 and a low of $0.39. The current market capitalization is approximately $4.46 million, which is an increase of $1.59 million compared to yesterday. Matchain is a decentralized AI blockchain focused on data and identity sovereignty, utilizing advanced AI technology for data aggregation, analysis, and user profiling to enhance decentralized identity solutions and data management. Important news about MAT recently: 1️⃣ **MAT Token Officially Issued and Launched** The native token MAT of the Matchain project has been officially issued and is open for trading. As the core token supporting the Matchain ecosystem, MAT's rise

Gate News Bot news, on August 18, according to CoinMarketCap data, as of the time of writing, LINK (Chainlink) is currently priced at $25.87, up 14.85% in the last 24 hours, with a high of $26.22 and a low of $20.87, and a 24-hour volume of $2.644 billion. The current market capitalization is approximately $17.541 billion, an increase of $2.268 billion from yesterday. Chainlink is a core infrastructure of the blockchain. Chainlink provides key functions such as cross-chain communication, compliance, data, and computation, enabling financial institutions and blockchains to access secure data, cross-chain interoperability, and decentralized computing, thereby building advanced on-chain applications. Chainlink is trusted by global institutions such as Swift, JPMorgan, and Mastercard, and has supported hundreds of billions of dollars in chains.

Odaily Planet Daily reports that during a discussion on the "current biggest problems in DeFi", users pointed out that the lack of tokens with sustainable income and demand, insufficient privacy, and the absence of unsecured lending are major challenges. In response, Solana founder Toly commented that privacy is not a core factor of product-market fit (PMF) and is not sufficient to significantly change user behavior.

The core of the peace negotiations between Ukraine and Russia lies in obtaining security guarantees from the United States and major global powers. Zelensky has always hoped that Trump could make a commitment to curb Russia's advances. Trump expressed his willingness to provide this commitment under conditions before the talks, which would relieve Ukraine and European allies if the matter could be discussed.

Odaily News Trader 0 xSun reviewed the "long ETH, short altcoins" hedging strategy he shared a month and a half ago, with an overall profit of about 3 million USD. He stated that during execution, he closed some long orders due to subjective judgment and then re-entered at a higher level, resulting in some profit loss; the allocation ratio of long and short targets is the core of the strategy. The closing position approach includes synchronously closing positions when ETH peaks and pulls back, or gradually taking profit as ETH rises and leaning towards shorting. He observed that the strategy's most profitable phases often occur during ETH's volatile declines and widespread altcoin falls, while profit retracement is more pronounced during the slight rebound phase after ETH's decline.

Vana held a closed-door hackathon in Abu Dhabi, bringing together investors and the core team, with a focus on the DataDAO project, such as Chordata, Credmont, and VDataDAO. These projects have secured million-dollar data contracts and are ready to quickly launch on CEX.

Jin10 data reported on August 15, Lanke Technology announced the launch of the sixth-generation Jindai® performance core CPU today. This high-performance server processor, which integrates a groundbreaking architecture, full-stack compatibility, and chip-level security protection, aims to provide a powerful Computing Power engine for data centers, artificial intelligence, cloud computing, and critical industry infrastructure.

PANews August 14 news, according to Puffer Finance announcement, the UniFi V2 Testnet is now officially online, supporting rollup technology based on Ethereum, providing sub-second confirmations, atomic L2→L1 withdrawals, EIP-7702 smart wallet standard, optional governance, customizable fee markets, and KYC gated or fully open chains. The upgrade introduces multi-TEE real-time proofs, MEV and priority fee sharing, and EigenLayer-based AVS mechanisms, with all upgrades being compatible and gradually deployed, with core metrics shifting towards volume and speed.

Jin10 data reported on August 14, the Shanghai Composite Index broke through 3700 points and hit a new high in four and a half years, and the pullback came as expected. Most individual stocks fell while few rose, high-position stocks experienced a pullback across the board, and heavyweight stocks made a strong push to stabilize the market. In this regard, Li Daxiao believes that one should not be scared by the short-term pullback, as it is not the peak of this round of pump. He also reminded that the current valuation of core assets still has attractiveness, but the peaks of micro-cap stocks and some overvalued individual stocks may have already arrived.