Is this a turning point for crypto? It's rather mystical. Recently, the TGA finally reached the Treasury's target of $1.05 trillion by the end of October, set in early August, meaning this round of liquidity tightening is basically complete. Now, we'll see if the Treasury releases liquidity as planned in November. Then, in the last couple of days, ICE and OKX jointly introduced trade.xyz's perpetual contracts to the US, and tonight Druckenmiller announced an investment in trade.xy. Musk, after a long hiatus, started retweeting crypto content again. From a personal perspective, this might be a turning point signal for crypto. 1) In late September, this link (https://((((((((x.com)))))))))/qinbafrank/status/2104419595348304256?s=46&t=k6rimWsEbo2D2tXolYcM-A) began to warn of tightening liquidity until the corresponding liquidity low point in late October. During this period, Bitcoin was naturally suppressed, and liquidity rebounded at the end of the year. 2) In early October, this link (https://((((((((x.com)))))))))/qinbafrank/status/2108351625220026861?s=46&t=k6rimWsEbo2D2tXolYcM-A) detailed the logic behind this pullback in Bitcoin and cryptocurrencies, and the final section clearly stated that a good entry opportunity would emerge in late October. 3) On October 21st, this link (https://((((((((x.com)))))))))/qinbafrank/status/2112821758780989920?s=46&t=k6rimWsEbo2D2tXolYcM-A) mentioned that it's time to slowly buy. Besides Bitcoin, the assets I see benefiting from the tokenization/RWA trend are: CoinHood, CRCL, ETH, BNB, uni, aave, okb, sol, hype, and sky. My personal portfolio in the crypto market and crypto stocks is basically these assets, and I still believe they are the core sectors in this new crypto cycle. This logic was first discussed here: https://((((((((x.com))))))))/qinbafrank/status/2101118733423174043?s=46&t=k6rimWsEbo2D2tXolYcM-A , and I didn't expect that Hype would be the first product to launch today. Previous tweets on tokenization and RWA: 1) Clear legislation hasn't been used, but the SEC and CFTC still have policy tools to build an executive-class market framework: https://((((((((x.com))))))))/qinbafrank/status/2100441345152491572?s=46&t=k6rimWsEbo2D2tXolYcM-A 2) The three driving forces of the next crypto bull market: https://((((((((x.com))))))))/qinbafrank/status/2095791261731225640?s=46&t=k6rimWsEbo2D2 tXolYcM-A 3) Tokenization and RWA fill the gap in underlying assets for on-chain finance and DeFi: https://((((((((x.com)))))))))/qinbafrank/status/2095094140031689161?s=46&t=k6rimWsEbo2D2tXolYcM-A 4) Collection of past tweets related to tokenization/RWA: https://((((((((x.com)))))))))/qinbafrank/status/2026602891998539876?s=46&t=k6rimWsEbo2D2tXolYcM-A