#系统风险事件 2025 is really pulling out all the stops, with hackers, liquidations, and regulations coming one after another. Bybit was hacked for $1.4 billion, Bitcoin dropped from 125,000 and directly triggered 19 billion in liquidations... These are not small events; they are reshaping the entire industry’s gameplay 🔥

The key is that the risks now are no longer just counterparty risks. Operational risks, macro resonances, high leverage reflexivity—these powerful factors are amplifying volatility. Stablecoins have become financial infrastructure, spot ETPs are being standardized and listed, and crypto is integrated into macro cycles... It sounds positive, but the problem is that market access expansion is far outpacing risk constraints 💀

DO KWON has been sentenced to 15 years, which is a signal—the players from the last cycle are already reaching the end. And we are now at the entrance of a new cycle, where opportunities and traps are both expanding. No one can guarantee when the next black swan will appear, so safeguard your funds and don’t let FOMO cloud your judgment.

Regulations are tightening simultaneously, but integration is accelerating. This contradiction is a true reflection of 2025 📊