#美国政府停摆风险 Looking back on the past, I can't help but feel a surge of emotions. In the late 1990s, I witnessed the rise and fall of the internet bubble. Now, the Crypto Assets market seems to be replaying a similar script. The Solana ETF may soon be approved, which reminds me of the scene when the first batch of internet ETFs emerged.

At that time, everyone was full of expectations, believing that this would bring new growth momentum to the industry. But the fact is that regulatory approval does not equate to market success. The current situation is somewhat similar - while the SEC's attitude is certainly important, what is more critical is the overall macro environment.

The risk of a U.S. government shutdown is a variable that cannot be ignored. History tells us that government shutdowns often trigger market turmoil. The shutdown in 1995 caused a significant drop in the Dow Jones index. Although the crypto market does not completely sync with traditional finance, it is inevitable that it will be affected.

My advice is: stay vigilant and do not be blindly optimistic. Even if the Solana ETF is approved, one should calmly assess its long-term impact. Focusing on fundamentals and technological progress is the right path. After all, no financial tool can change the intrinsic value of a project. Let us view the present with a historical perspective, seeking balance between opportunities and risks.