Looking at the development of the crypto assets market in recent years, it is not difficult to find that Black Swan Events have become a common occurrence in this field. Since 2018, there have been significant events impacting the market almost every year, testing the wisdom and resilience of investors.

In 2018, the hash power struggle between Bitcoin Cash (BCH) and Bitcoin SV (BSV) shocked the industry. The following year, a sudden favorable policy caused Bitcoin's price to soar by 60% in just three days, only to quickly drop back, catching many investors off guard.

In 2020, the COVID-19 pandemic swept across the globe, triggering a stock market crash in the US and severely impacting the crypto market. March 12 became an unforgettable day for many investors. On May 19, 2021, another policy adjustment brought a huge shock to the industry.

The year 2022 can be described as tumultuous, as the collapse of the Luna ecosystem and the bankruptcy of the FTX exchange dealt a heavy blow to market confidence. In 2023, the collapse of Silicon Valley Bank triggered a chain reaction in the financial system, once again impacting the crypto assets sector.

In 2024 and 2025, the market experienced several major shocks, including the impacts of economic recession expectations and trade frictions. These events once again prove that the uncertainty in the crypto assets market remains high.

Looking back at the experiences of these years, we can foresee that the future crypto assets market is likely to continue to encounter Black Swan Events at a frequency of "once a year." In the face of this situation, the only thing that investors and market participants can do is to strengthen risk management awareness and establish a sound risk prevention and control mechanism.

Only by remaining vigilant and being fully prepared can we respond calmly to unknown market fluctuations. This is not only a protection for individual investments but also a necessary condition for promoting the healthy development of the entire Crypto Assets ecosystem.

In this fast-changing market, risks and opportunities coexist. Participants who can correctly recognize risks and take appropriate measures will be able to occupy a favorable position in the future market. Let us work together to contribute to building a more robust and transparent Crypto Assets market.