Today, the news that Ctrip is being investigated by the State Administration for Market Regulation has been interpreted by many friends in the crypto circle as related to the overseas version supporting stablecoin payments. However, it actually has nothing to do with stablecoins. If we look at the timeline, it’s purely that Ctrip is acting recklessly and has run into trouble. Two months ago, the Civil Aviation Administration issued multiple documents to rectify the issue of low-priced tickets to combat internal competition. Now, many flight tickets are cheaper than high-speed rail tickets, and neither the high-speed rail nor the airlines are making money. So the warning has been out for a while. However, Ctrip's ability to gauge the situation is too poor; not only did they not restrain themselves, but they also engaged in several low-price marketing campaigns right before the Spring Festival to grab traffic. As a result, the market regulation bureau struck back hard and clearly stated that they are investigating Ctrip for monopolistic behavior.

The success of Brevis lies in its first large-scale real demand for the crypto space, closely tied to money, by "issuing airdrops" rather than empty technical discussions and emotional appeals. Prior to this, project airdrops and protocol incentives relied heavily on snapshots, but the timing and rules of these snapshots were unclear, leading users to blindly rush in, wasting a lot of gas and time. After the snapshot, there was a collective retreat, making it impossible for projects to sustain long-term. The most reasonable approach is definitely to link user behavior and incentives over the long term, continuously distributing based on on-chain contributions. However, the technology for on-chain calculations is too difficult and costly. Project teams need to constantly monitor the actions of tens or hundreds of thousands of addresses and adjust balances based on the consumption of the funding pool, which is why the seemingly crude snapshot has become a necessary choice. Brevis, on the other hand, utilizes the characteristics of ZK to obtain data on-chain, compute processes off-chain, and verify results on-chain, helping numerous Uniswap and Aster projects complete long-term incentive processes. Currently, the rewards distributed through Brevis have reached as high as $233 million, so for projects like Brevis, the business can be sustainable, providing an opportunity to navigate through bull and bear markets 🫡 All those who complain that the crypto space is a casino and that their projects are not understood by users, the so-called Builders, should learn from Brevis. It's not that your technology is lacking; it's just that you haven't applied it in the right place.

The CLARITY Act, originally scheduled for a vote on the 15th, has been postponed by the Senate Agriculture Committee to the end of the month. According to an official statement, the attitude remains very positive, and this delay is to ensure that the bill receives sufficient bipartisan support, allowing more time to finalize the negotiation details. However, many friends are puzzled as to why a cryptocurrency bill can be delayed for a vote by the Agriculture Committee. This seems completely unrelated, and this is also the core of the CLARITY Act, which aims to strip cryptocurrency from the SEC and hand it over to the CFTC for regulation, essentially changing its nature from a security to a commodity, and the CFTC just happens to fall under the jurisdiction of the Senate Agriculture Committee.