Everyone thought that the A-shares index would pull back after reaching 4000 points, but unexpectedly, it went straight to 4120 today. 4200 is likely to be a hurdle, and there will probably be oscillations until the end of the year before celebrating a joyful New Year. Recently, everyone has been talking about large-scale liquidity injections. After two years of hearing this, I wonder if it's just another smoke screen. However, new projects in the crypto space are becoming increasingly pragmatic. In the past, just storytelling and narratives weren't enough, so real-world applications are necessary to open up new opportunities.