PANews reported on December 30th that Vance Spencer, co-founder of Framework Ventures, stated: "2025 may not be the year the crypto industry anticipates to be glorious, but it is very likely a necessary transitional year for the industry's continued development. The industry has largely moved away from memes, NFTs, low-circulation, high-FDV projects, and the overall consumer-oriented narrative. I predict that token issuance will sharply decrease in 2026, the market will focus more on mainstream assets (ETH, BTC), and institutional funds will continue to flow into DeFi blue-chip projects with reasonable value capture mechanisms. This buying power may far exceed expectations, especially with the combined effect of continuous buybacks and high financial self-discipline at the protocol layer. The future direction of the industry is clear: stablecoins, real-world assets (RWA), lending and capital markets, and asset management will become dominant. We will solve many problems in the cryptocurrency field through meticulous cultivation, reducing blind expansion, and compliant operations. This is a bullish pattern, but rebound, surge, and exit opportunities will be highly concentrated."