These days, the group is again discussing stablecoin regulation, reserve audits, and along with that, rumors about "de-pegging," which makes people feel annoyed after hearing it over and over. To be honest, I can't judge the truth of every piece of information, so I can only keep my emotions in check and not get carried away—sometimes going all-in, sometimes pulling out completely.

As soon as interest rates rise, the market's patience thins out, and risk appetite seems to turn down the valve: people are less willing to assign high valuations to the same stories. My own approach is somewhat clumsy—when interest rates are high, I diversify my positions more and avoid leverage as much as possible; I also don't believe in "one dominant stablecoin," preferring to spend more time doing research and holding some cash for quieter opportunities. Take it slow; rushing to win the whole game can easily deplete yourself first.