Recently, I only have one expectation regarding on-chain privacy: don't equate "invisible" with "no one is watching." To be clear, wallet addresses are not IDs, but once you connect them to fiat gateways, exchanges, or transfers between acquaintances, the trail can be traced, and the boundaries of compliance are not automatically reset just because you click "privacy mode."

Right now, I'm more waiting to see which tools are just making it harder for bystanders to peek, and which are easily mistaken for "deliberate hiding." Anyway, don’t expect to be completely invisible and still freely deposit and withdraw without leaving traces—that’s too fake.

By the way, I also want to complain that recently, people have been tying ETF capital flows, US stock risk appetite, and crypto price movements together… It sounds lively, but I just take it as background noise. Privacy isn’t that romantic; first, figure out what you really want before hitting confirm.