According to CoinMeta, Wu Qing, the chairman of the China Securities Regulatory Commission, stated during the 2026 China Capital Market Academic Annual Conference that further deepening research into the microstructure of the market is necessary. To improve market pricing and development quality, it is essential to conduct in-depth studies on improving the capital supply structure, accelerate the growth of long-term and patient capital, and enhance mechanisms for guiding expectations. It is also important to reduce market volatility caused by the "herd effect" and short-term trading. Additionally, there is a need to evaluate the optimization of institutional rules such as quantitative trading and share reductions, as well as to make fair and reasonable regulatory arrangements to effectively protect the legitimate rights and interests of investors.