#美联储恢复降息进程 [降息预期飙到86%，RWA就能To da moon？先听听泼冷水的声音]

The latest data is quite interesting.

CME shows that the probability of a 25 basis point cut in December has surged to 86.4%. Risk assets are starting to stir, and it seems that what should come is already on the way.

Institutions are indeed moving. Nasdaq has publicly stated that tokenized stocks have been prioritized for SEC approval, and the proposal from September is progressing quite quickly. Galaxy Digital has also launched a pilot for equity tokenization. Traditional finance is moving onto the blockchain; this is no longer just a PPT.

But some are not in a hurry to celebrate.

There are a lot of RWA projects running on the second layer network now, but the actual value flowing back to the mainnet is quite limited. Are institutions really getting involved, or are they just taking advantage of the situation? This question remains unresolved. Last month, BlackRock's IBIT saw a net outflow of $2.34 billion, and their executives said this is a normal rotation, which instead proves that the market is entering an adjustment period under the expectation of interest rate cuts. It sounds quite reasonable, but an outflow is still an outflow.

At this time, V God jumped out.

He directly criticized ZEC's governance mechanism, and the core point can be summed up in one sentence: Privacy is a public good and cannot be hijacked by large holders for short-term interests. In the wave of RWA combined with KYC compliance, he has raised a reminder—do not cross the bottom line.

The technical solutions are indeed progressing. OpenAC has achieved zero-knowledge verification on mobile devices in 99 milliseconds, and Deep Funding optimizes funding distribution using AI combined with a jury. Perhaps it is truly possible to find that balance between privacy and compliance.

By the way, the Ethereum Foundation will hold a tour in domestic universities in December: December 4th at Peking University, 6th at Tsinghua University, and 7th at a joint event of Peking University, Tsinghua University, Fudan University, and Shanghai Jiao Tong University. The topics will cover RWA, digital asset technology, and stablecoin mechanisms. The Scroll team and professors will present in person, and there will also be workshops.

Do you think this opportunity is reliable?

Is it the certainty brought by institutions, or the hidden dangers buried by compromises on privacy? Don't hold back, let's be real. 👇

$ETH