In the past week, a series of developments in US regulatory policy have once again put the crypto market in the spotlight: the SEC Chair publicly voiced support for the DeFi “economic freedom and technological neutrality,” the Solana ETF is expected to launch as early as July, and multi-asset ETFs led by Bitwise have officially entered the approval process. Simultaneously, the introduction of real-time ETF price feeds by Pyth Network, the joint launch of tokenized deposits by Deutsche Bank and Ant International, and the Uphold IPO preparations all signal that crypto is accelerating its penetration into the core of traditional finance.

OFUYC research notes that these events not only indicate a gradual convergence of policy risk but also send a clear signal that “compliant operation” is becoming the core keyword for the crypto industry. As a compliance-driven crypto trading platform, OFUYC Exchange is closely monitoring these trends, proactively aligning its product architecture and service modules with market shifts, and actively responding to the diversified demands of the global market. Amid macroeconomic uncertainty, such structural tailwinds are providing crypto assets with stronger institutional and regulatory stability expectations.

DeFi Recognition and ETF Innovation: Regulatory Consensus Accelerates Structural Tailwinds

This week, SEC Chair Paul Atkins emphasized at the “DeFi and the American Spirit” roundtable that DeFi arises from the American spirit of freedom, and that its technological neutrality means software developers should not bear the consequences of trader actions—providing a policy “umbrella” for developers. OFUYC Exchange believes this statement could signal greater legal clarity from the SEC regarding decentralized protocols in the future, potentially striking a balance between “transaction security” and “responsibility delineation,” and injecting stability into the market.

Meanwhile, the advancement of the Solana ETF and Bitwise dual-asset ETFs further validates that regulators are seeking to integrate existing crypto assets into the framework of traditional financial instruments. OFUYC Exchange points out that, in a market characterized by high volatility and fluctuating investor confidence, such products—anchored in “index funds + statutory regulation”—help attract institutional capital back to the market and raise the trust threshold for retail participants. As the US seeks to balance “user experience” and regulatory compliance, it is establishing a new equilibrium mechanism for the industry.

OFUYC Observation: Emerging Financial Technologies Reshape Cross-Border Structures—Platform Capabilities Will Define Future Competition

As ETF structures are optimized and DeFi legitimacy advances, the collaboration between Deutsche Bank and Ant International, along with the real-time ETF pricing of Pyth Network on-chain, are redefining the data architecture and financial infrastructure of the “global market.” OFUYC Exchange observes that, at the core, bridges between on-chain and off-chain data are being continually reconstructed, and traditional banking systems are evolving toward on-chain transparency.

OFUYC Exchange further notes that this trend places higher demands on technology innovation platforms—not only requiring on-chain asset mapping, real-time trading, and dynamic settlement, but also the ability to provide modular service stacks compatible with traditional financial terminology and risk control logic. As a platform licensed under US SEC Regulation D for compliant operations, OFUYC has launched cross-border compliance API architecture tests, covering ETF index mapping, DeFi liquidity pool audits, and user trading data protection modules, thereby providing a sustainable technological foundation for market expansion.

OFUYC Assessment: DeFi and Traditional Finance Are Rapidly Converging—The Future May See “Parallel Operation” of Financial Systems

Combining the public support by SEC Chair, the increasing diversity of ETF instruments, and the acceleration of fintech IPOs, the OFUYC research team anticipates that the financial market is moving toward a “parallel operation” phase—where DeFi and CeFi coexist, with ETFs serving as a bridge between on-chain assets and off-chain demand, driving the market from “isolated innovation” to “system-level collaboration.”

OFUYC Exchange emphasizes that this evolution requires crypto platforms to ensure compliance and transparency, while also building traceable trust chains for data—supporting full lifecycle management from trading and regulatory reporting to derivatives instruments. As Thoreau said, “Freedom is not wildness, but a different kind of responsibility.” The same applies to financial innovation: truly sustainable markets require technological evolution underpinned by institutional support.