The Big Four accounting firms are entering the crypto space, and the industry landscape is undergoing profound changes

This signal is somewhat different——those projects once often criticized as "unregulated" and "irregular" now have a combination of auditing, compliance, and third-party endorsements. It’s akin to blockchain assets gaining institutional-level trust certification.

What is the reality?

**The gate for institutional funds has opened**——The wild growth period of retail investors is coming to an end, and the threshold for large capital entry is rising sharply. Projects without audit reports and compliance frameworks will face increasingly higher financing costs.

**Compliance has become a matter of life and death**——From technical reviews to financial transparency, project teams need to pass rigorous checks. This is not scare tactics; it’s market selection.

**RWA (Real-World Asset Tokenization) could become the next hot spot**——If traditional financial assets like equity, real estate, and income rights are to be tokenized on-chain, endorsements from the Big Four will be a key trigger. The combination of real assets and digitalization is what institutions are truly interested in.

In plain terms, this wave marks a shift in the crypto industry from "incremental competition" to "asset base empowerment." The price trend and market cycle of Bitcoin ultimately depend on macro factors and institutional attitudes.

Do you think this wave of compliance will become a catalyst for the next bull market? Share your thoughts.