Eli Ben-Sasson reviewed the evolution of crypto cycles on X platform, pointing out that the current bear market differs from the past, exhibiting characteristics of a "bear hug from traditional finance." Warming regulations and the entry of financial institutions have squeezed the crypto industry's spirit of innovation, but he believes that long-term freedom and innovation will eventually return, driving the next wave of development.

StarkWare CEO Eli Ben-Sasson posted a message on the X platform, reviewing cryptocurrency cycle changes and pointing out that the current bear market has different characteristics from the previous cycle. Influenced by warming regulatory environment and fintech development, while short-term innovation is constrained, long-term freedom and innovation will be regained.