[WeFi CEO: Core Narrative of the Crypto Industry Shifts to Financial Infrastructure Layer] On December 29, WeFi co-founder and CEO Maksym Sakharov stated that the core narrative of the crypto industry is shifting from price volatility and trading volume to corporate balance sheets and the financial infrastructure layer. He noted that over the past 12 to 18 months, compliance custody has matured, accounting and regulatory frameworks have become clearer, stablecoin regulations (such as the GENIUS Act and MiCA), the SEC's shift toward participatory regulation, and the Basel Committee's reassessment of banks' digital asset capital requirements have created conditions for enterprises to compliantly move on-chain. Tokenized treasury bonds and money market funds have crossed the critical threshold, with institutions like JPMorgan and Goldman Sachs advancing tokenized settlements. Stablecoin payment volumes exceeded $9 trillion this year, with a market capitalization of approximately $309 billion, and regulation has shifted toward standardization.