Cronos chain, a subsidiary of Crypto.com, proposed a proposal in early March to re-mint 70 billion CRO, equivalent to 3.33 times the current circulation. These tokens are exactly the 70% of CRO that was officially announced to be burned in 2021. This move triggered strong opposition from the community and KOLs. Although the early votes were against, a large number of nodes controlled by Crypto.com voted in favor before the end of the vote, forcing the proposal to pass. Even more ironic is that the day after the coinage proposal was passed, the Cronos team proposed to burn 50 million CRO, making it difficult to tell whether this was to calm the anger or an irony. This series of events makes people wonder, if the burned tokens can be "resurrected from the dead", where is the trust mechanism and decentralized spirit of blockchain?

Tags have become an important symbol of the Web3 world, giving projects trust, narratives, and market expectations. Projects endorsed by specific capital or institutions are more likely to be favored. This article explores the spread of Meme culture and group psychology, pointing out that individuals are prone to blindly follow collective emotions and eventually fall into a cycle driven by the wealth effect. The prosperity of Web3 may just be an illusion of a dreamer.

Investment must be a "mutually agreed" matter. On the one hand, Binance's acceptance of investment must first be agreed by the major shareholder - that is, CZ must say yes; on the other hand, MGX is backed by Abu Dhabi's "super" sovereign fund (estimated to have assets under management of nearly one trillion US dollars) and has a large number of portfolios. Why would it choose Binance?

Just as people living by a river will ignore the sound of water, people will become numb and insensitive to information that is presented for a long period of time. However, Trump’s tariff issue has not yet reached the threshold for a long period of time. The reaction on March 11 may be a manifestation of "desensitization", but the deeper reason is more likely that safe-haven funds have withdrawn, and those left in the market are traders who have already priced in the "tariff".

The current crypto industry is experiencing a crisis of trust. Nowadays, listing a coin on a centralized exchange (CEX) no longer seems to rely solely on the strength of the project itself. Data falsification and traffic bribery have become the "unspoken rules" of many projects, burying those projects that are truly focused on technological innovation and long-term development.