2025-11-19 05:21:05

#通证化浪潮 Recently, the market sentiment has been like a roller coaster, but upon closer observation of several trends, it feels like a new story is brewing beneath the surface.

The regulatory approach is changing
U.S. regulators have recently adopted a nuanced stance - no longer broadly declaring "everything is a security," but instead beginning to classify tokens. What does this mean? The rules of the game are shifting from rampant growth to meticulous management. The chaotic period may be nearing its end, but the compliance costs for project parties will also become a hard threshold.

Old money accelerates entry
Two interesting things: Grayscale, the giant that once troubled regulators, has indeed submitted an IPO application; Circle's Q3 financial report hides some thoughts — the increase in stablecoin supply is just the surface, they are quietly laying out public chains and payment networks. Traditional capital is not here for short-term play; they are laying the tracks.

The platform redefines gaming
A compliant platform has launched an official token sale platform, with the first project Monad making the token distribution and market maker arrangements fully transparent. This is no longer the old way of doing things, but a new game played with restraints. It is a good thing for retail investors to participate in compliant new projects, but mediocre projects are likely to have no future.

My thoughts

Platform tokens and underlying public chains may be the most direct beneficiaries - in the wave of compliance, exchanges and infrastructure layers are the most risk-resistant.

Keep a portion of cash for opportunities. When the fear index drops below 30, the success rate of dollar-cost averaging in BTC and ETH has always been high.

Be cautious with meme coins. When liquidity tightens, highly valued speculative targets usually drop the hardest.

At this stage, it resembles the accumulation period of 2019—big players are busy building the framework, while retail investors are caught up in the ups and downs. Once the Federal Reserve's signals for interest rate cuts become truly clear, this round of compliance-based infrastructure could ignite a healthier market trend than the last.

What do you think recently? Let's chat in the comments.

Risk Warning: This article is merely a personal observation and does not constitute investment advice. The cryptocurrency market is highly volatile, and caution is advised when entering.

BNB1,59%

MON-0,63%

BTC1,5%

ETH0,29%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
7
Repost
Share

Comment

0/400

Frontrunner

· 2025-11-22 04:42

What chess are Grayscale and Circle playing? It really feels like they are laying tracks. --- Compliance in new projects sounds good, but mediocre projects are indeed hopeless. --- The risk of memes this time is indeed high; once liquidity tightens, the truth will be revealed immediately. --- Is the feeling of 2019 coming back? Then I need to keep some cash; I have to watch that Node for the panic index closely. --- I agree that Platform Tokens can resist risks, but we also have to guard against compliance cost failures. --- Auto-Invest in BTC and ETH is indeed worry-free, but should I enter now or wait a bit longer? --- Monad's transparent system is quite fresh, but unfortunately, most projects can't learn it.

View OriginalReply0

nft_widow

· 2025-11-21 20:54

Grayscale IPO, Circle quietly laying out payment networks... These old-money folks are really playing a big game, it feels like 2025 will be different --- You really have to be careful with memes, the previous lessons are still fresh in mind --- Compliance IPO sounds good, but with such high thresholds, can retail investors really get good projects? --- The concept of a savings period in 2019 is interesting, but can this round rise that much? Not so sure --- Platform Token looks stable in the long run, but is it a bit late to enter a position now? --- Entering a position once the fear index drops below 30, provided you can wait for that day --- Layer 1 public chains are indeed risk-resistant, but the ecosystem is still not complete enough, right?

View OriginalReply0

RealYieldWizard

· 2025-11-19 22:58

Buddy, this analysis is quite something. Compliance is indeed changing the game rules. However, I still think memes are not that pessimistic; it really depends on when liquidity truly tightens. The Grayscale IPO application is a bit interesting, but Circle's approach... to be honest, I find it hard to see their true intentions. You mentioned the accumulation period in 2019; I have a slightly different view. There weren't as many retail investors back then as there are now; this round is different.

View OriginalReply0

RetiredMiner

· 2025-11-19 05:51

I agree with this logic, bro. The key is that Grayscale's IPO move is really quite extraordinary... When will retail investors be able to benefit from this?

View OriginalReply0

MrDecoder

· 2025-11-19 05:49

The recent actions of Grayscale and Circle don't seem like short-term speculation; traditional capital is really laying down a long-term track. Wait, retail investor compliance with new projects sounds good, but those small projects without resources are indeed doomed, right? Feeling like 2019? Sure, back then whoever had BTC was winning, and it's pretty much the same this time. Memes still need to be tested out, but you have to control the position well, or you'll be cutting losses very quickly. Why does it feel more like a whipsaw now, shaking out those who shouldn't have come in? When will the Fed's interest rate cuts send a clear signal... it's really uncomfortable to have it hanging like this. Should I get into BNB now or wait for a lower panic index? I'm torn.

View OriginalReply0

SudoRm-RfWallet/

· 2025-11-19 05:28

Compliance is really here, it feels like the crazy era of the past is coming to an end. The actions of Grayscale and Circle are indeed hinting at something; old money won't mess around. Be careful with this wave of memes, when liquidity tightens, retail investors become suckers. It's much better to hold cash and wait for the bottom than to blindly chase the price. The comparison to the accumulation period in 2019 is spot on; this time it should be healthier. I agree with the Platform Token; exchanges are actually the most stable during risk periods.

View OriginalReply0

MiningDisasterSurvivor

· 2025-11-19 05:27

It’s 2019 again, and it’s the accumulation period. Why does it feel like this term has been overused... Grayscale IPO, Circle's layout, sounds nice, but when liquidity tightens, no one can save you. Memes deserve to die, but don't overestimate Platform Tokens either. What happened to those exchanges from 2018? Forgotten? It’s true that compliance costs have become a hard threshold, but many project parties simply can’t afford it, and the result is that the big players get bigger. We retail investors are still the ones getting played for suckers...

View OriginalReply0