Talk casually about August 13thone ️⃣ Why is the market rising: there is too much water M2 continues to reach new highs, with the US stock market reaching new highs. Digital assets have been introduced from the US stock market through the DAT pipeline. We're not that awesome, we're all fed by the Federal Reserve. two ️⃣ ETH assets are being repriced by Wall Street What is the reasonable valuation of ETH for Wall Street? Currently, $140 billion of stablecoins are issued on Ethereum, with a market value of $560 billion. Based on the total size of 2 trillion stablecoins in 2028 (predicted by US Treasury Secretary Besson), assuming 1 trillion of them are issued in Ethereum, the Forward price to book ratio is only 0.56. Does this mean that the market value of Ethereum is still relatively high? three ️⃣ Entrepreneurship Ecology in the United States and Asia The United States is really a paradise for entrepreneurship. Let's not talk about the AI circle first. In terms of the currency circle, American enterprises can be stable currencies, listed companies, public chain treasury bond bonds, RWAs and other financialized things; Asian companies can drink some soup such as stablecoin payment tools, acquiring, and U-cards. American companies can create various storytelling public chains, and VC still pays the bill; The Asian team can only focus on DeFi, attracting large players, and promoting TVL. After all, the narrative of the previous Asian leader was still about the Bitcoin ecosystem: thunder is loud, rain is small. The most suitable options for Asian teams are various wallets and trading tools. This type of transaction scenario has cash flow and does not require financing or coin issuance.