币界网报道：According to the news from Bijie.com, on June 12 (UTC+8), Klaas Knot, the outgoing chairman of the Financial Stability Board (FSB), warned that with the development of stablecoins and crypto ETFs, the crypto market is rapidly integrating into the traditional financial system and may be approaching the "critical point" that triggers systemic risks. Knot pointed out that the popularity of crypto ETFs has significantly lowered the threshold for retail investment, allowing investors to access crypto assets without having to master private keys or use wallets. In addition, the large-scale holdings of U.S. Treasury bonds by stablecoin issuers have further intensified the linkage between the crypto market and the traditional financial system. (Source: Cointelegraph)