Silicon Valley Bank SVB fire, Huobi HT plunges dramatically, disasters keep happening! Binance's Zhao Changpeng remains calm: Bitcoin is still producing blocks.

In recent days, the cryptocurrency market has been hit with a series of negative news, leading to a sharp decline. Binance founder Zhao Changpeng remarked, "Woke up to a bunch of events."

Recently, there has been a series of negative news in the cryptocurrency circle, leading to a market slump. Binance founder Changpeng Zhao stated that he woke up to a slew of events:

• Silicon Valley Bank facing financial crisis: selling securities and incurring losses of $1.8 billion seeking funding, causing tension among startup companies and cryptocurrency clients
• New York prosecutors sue KuCoin: accusing KuCoin of operating illegally in New York without registration
• US Treasury proposes 30% mining electricity tax: citing environmental harm from energy consumption by miners, expected to be implemented in stages by the end of the year
• Huobi HT plummets sharply: Huobi's native token HT experiences a sharp decline in trading, leading to a large-scale market liquidation

"Other cryptocurrencies have also fallen, but Bitcoin continues to produce blocks."

This statement is likely to express the sustainable significance of blockchain. The aforementioned events are all related to centralized institutions: bank risk management, regulatory actions, and centralized exchange behavior. However, decentralized infrastructure such as the Bitcoin network, regardless of market price fluctuations, continues to function neutrally, providing value transfer functionality.