Zhu Zhen, senior vice president of Futu Securities, said that with the release and implementation of the Hong Kong government's policy on developing virtual assets, the concept of Crypto has gradually become popular among retail investors, and industry participants are also increasing. In addition to payment, the application of Crypto in financing, investment, and stored value has also attracted the attention and entry of institutional investors. The release of Ethereum (ETH) has brought more possibilities for the application innovation of blockchain technology. ETH has not only promoted the development of smart contracts, but also promoted the birth and popularization of decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and initial coin offerings (ICOs). These innovative technologies and applications not only add vitality beyond currency to the Crypto ecosystem, but also provide more investment and usage scenarios.