In the past couple of days, what’s truly worth paying attention to in the crypto world isn’t some hyped conference or a KOL running off, but a piece of news that could potentially reshape the entire industry landscape—a leading investment firm, Hony Capital, has set its sights on the Websea exchange.

Most people just glance at the headline and scroll past, completely unaware of how explosive this actually is. I stayed up all night digging through a ton of materials, cross-referencing information from various sources, and the deeper I dug, the more complicated it seemed. Traditional capital is serious this time.