After returning from a night run, I checked the traffic on several cross-chain bridges and casually thought about "who do we really trust in cross-chain?" Basically, a transfer from A to B isn't just a matter of clicking a button; at minimum, you have to trust: that the source chain won't roll back, that the message passing verification/relaying won't mess up, that the target chain won't get stuck during execution, and also that the bridge contract's permissions and upgrade mechanisms aren't too loose. What I find more comfortable about protocols like IBC is that the paths are clearer—who is responsible for proof, who is responsible for relaying—it's basically drawable. Anyway, when I look at cross-chain now, I don't focus much on promotional slogans; I first look at how long the trust chain is and whether issues can be pinpointed. Recently, everyone has been talking about rate cut expectations, the dollar index, and the correlation of risk assets rising and falling together. I think it's better not to get caught up in the hype; no matter how loud the macro noise, the trust surface of the bridge remains as large as it is. That's all for now.