According to TechFlow, on September 29, CryptoQuant founder Ki Young Ju published an article on the X platform, emphasizing that cryptocurrencies and Web3 are not scams under good supervision. He pointed out that Web3 achieves borderless collaboration through tokenized incentives, functions more like a "protocol" than a "company", and is expected to completely change the human cooperation model. Ki Young Ju believes that despite the existence of fraud, the huge potential of blockchain technology should not be obscured. He called for the formulation of smart regulation to transform Web3 into a stable and credible space, and emphasized that politicians' attention to cryptocurrencies is crucial to promoting regulatory progress.