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ChainCatcher News, Alliance DAO co-founder QwQiao reiterated his view in a post: "The next bear market (whenever it comes) will be worse than most people here expect. Right now, there is a large group of 'dumb money' that knows nothing about crypto buying spot and ETF. Such situations have never ended well." The market may need another deep correction of 50% to flush out these positions before it can rebuild a solid foundation and continue its supercycle." Placeholder partner Chris Burniske also expressed a similar view, stating, "The era of DAT sell-offs has only just begun. Just as it once rose all the way up, now it will fall all the way down."

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) Crypto Assets and Cyber Unit has announced it will hold a roundtable on December 15 to specifically discuss the increasingly prominent issues of privacy and financial surveillance within the cryptocurrency ecosystem. The meeting will invite industry leaders and SEC officials to jointly explore the challenges faced by the industry and possible solutions. The background of this meeting is the recent widespread attention to privacy issues in the crypto industry, including the partial guilty verdict for Tornado Cash developer Roman Storm, the sentencing of Samourai Wallet developers, and the significant price surge of privacy coins over the past two months. Notably, Matthew Galeotti, Acting Deputy Assistant Attorney General of the U.S. Department of Justice’s Criminal Division, stated in August that the practice of prosecuting developers solely for writing open-source code would cease, emphasizing that writing code itself does not constitute a crime in the absence of malicious intent.