According to a report from Cointelegraph on June 11, Dr. K, co-founder of Quai Network, pointed out in a recent comment that the cryptocurrency industry has deviated from the original vision that Satoshi Nakamoto established for Bitcoin. He emphasized that while blockchains like Ethereum and Solana offer flexibility and performance, they sacrifice the core value of decentralization, making them susceptible to manipulation by government and corporate interests. Dr. K specifically pointed out that Coinbase controls about 11.42% of staked Ether, which is contrary to the original intention of cryptocurrency. He also criticized that venture capital has re-centralized control through token distribution and board seats, recreating the power dynamics that Bitcoin aimed to eliminate. Experts believe that the crypto ecosystem should recommit to developing tools for absolute financial independence, rather than pursuing trends or institutional recognition.

gate Research Institute Daily: BTC broke through the $97,000 support level, while ETH fell by 1.04% due to the Bybit Hacker attack. Pump.fun's self-developed AMM shook the Raydium ecosystem, with over $85.47 million flowing into Berachain cross-chain bridges in 7 days. Popular tokens such as Forta, Quai Network, SpaceN are pumping strongly. Stable CoinMarket Cap has surpassed $226.5 billion, and market sentiment is becoming more cautious.

Cryptocurrency market prepares for a critical week with major updates and launches that could determine February's course. Uniswap V4, Bitcoin's sensitivity to macroeconomic factors, Mode Terminal, Quai Network, Balancer V3, SUI token unlock, and Movement Mainnet are the main highlights.