Chainchic

Alpha I heard at TOKEN2049: The poor panic sell. The rich accumulate. If you don't hold privacy tokens, you'll be poor. If you don't hold AI infrastructure tokens, you'll be poor. If you don't hold DEX tokens, you'll be poor.

Another sad day... Been farming standX for the past 9 months. Now hearing rumors from my Chinese frens that standX might not even TGE. Premarket already down 43%...... Are farmers getting rugged again, just like Abstract? 💀

I received $800 in @MEXC Card cashback for September, with a 10% cashback rate. I can always get 10% off gifts for my wife… up to $8,000 in spending per month.😂 No. 1 Crypto Card standard > Annual fee? No. > Long wait for cashback? No. > Need to deposit over $30K? No. > FX fees? No. = mexc

Alpha I heard during KBW: BNB Growth RWA Growth - bStocks has ~28% market share in tokenized stocks. = $CAKE Uniswap ($UNI) - FDV: $6.67B - 30D Revenue: $10.28M PancakeSwap ($CAKE) - FDV: $930M - 30D Revenue: $5.18M Uniswap's FDV is 7.2x higher than PancakeSwap's. But its 30D revenue is only 2x higher. Considering the growth of BNB Chain and the expansion of the RWA market, I believe $CAKE may be relatively undervalued.

$1M trading volume in just 5 hours. Mint: 0.1 ETH → 1 ETH (10x) Rumor has it @YieldFields_RH is launching a token soon. 👀 If the team knows how to cook, > 0% team allocation > No presale > 100% allocated to gamers > 100% of fees used for buybacks

Feels like Upbit and Bithumb have lowered their listing bar a lot. Perp DEXs are eating their volume and fees. They gotta make money somehow lol

One of the questions I get asked most often by projects is: “How can we get listed on Upbit and Bithumb?” = After spending years observing the Korean crypto market, I've come to believe that one of the most important things a project can do is build a strong Korean community. 🚨If someone asks you for money in exchange for a guaranteed listing = scam. @KGeN_IO is one of the best examples. = They continued to devote a year to building the Korean community. KGeN leverages its global network of 61.9 million users to provide AI companies with real human-generated voice, video, and behavioral data for AI training. AI robotics company requests 100,000 hours of human cooking videos → KGeN collects footage from users across multiple countries → Delivers the data to the AI company → Generates revenue is one of the best examples.

South Korean regulators are cracking down on unregistered cryptocurrency exchanges. → First, restrictions on Google Play Store and Apple App Store. → Today, they decided to block access to their websites as well. The list includes exchanges widely used by Korean traders, such as @MEXC , @kucoincom , and @BingXOfficial .

MINTED @YieldFields_RH The GTD minting window will be open for 24 hours. = value per WL earned through playing MOG2: $1,000. = Secondary market WL = $2,200 Mint Price: 0.1 ETH OpenSea Floor Price: 1 ETH * No trades yet.

TOKEN2049 Recap 🇸🇬 = RWA and Privacy At this year's TOKEN2049, I noticed a much stronger presence of asset managers, financial institutions, and institutional investors compared to last year. I also felt a generational shift taking place among the KOLs leading the crypto market. Many of the OGs who helped shape the early crypto industry have already accumulated significant wealth and moved into Web2 businesses or other industries. Their portfolios used to consist mostly of crypto tokens, but stocks now seem to account for a much larger share of their investments. Even when sharing alpha, conversations are increasingly about stocks rather than crypto. They still hold BTC, ETH, and a few other tokens, but many have largely stopped investing in altcoins. One experience I found particularly interesting: When @0xAbhiP told me to buy "SNDK," I naturally opened Toss, a Korean stock trading app. But he was buying it through Ondo. it was made me realize how the boundaries between traditional finance and onchain finance are becoming increasingly blurred. 1. What Whales Are Thinking About: Taxes and Wealth Management During TOKEN2049, taxes and wealth management came up in my conversations with whales almost as often as new investment opportunities. In some jurisdictions, effective tax rates on investment gains can reach 50–60%. As a result, more investors are exploring ways to reduce their tax burden, including relocating to countries with more favorable tax policies. Of course, trading without KYC doesn't eliminate tax obligations. But I could clearly sense growing demand for financial privacy and greater control over personal assets. Even among my Korean friends, more are considering relocating to Hong Kong, Singapore, or Dubai if Korea introduces crypto taxation. The PerpDEX sector is becoming increasingly competitive, with platforms continuously lowering trading fees. Some argue that the market is already overcrowded and that fee competition is putting downward pressure on profitability. However, I believe PerpDEX projects could attract significant demand again if they introduce crypto card services that allow users to spend their trading profits in everyday life. Looking ahead, I expect growing demand for integrated onchain financial ecosystems where users can trade, store assets, make payments, and spend their funds all in one place. 2. RWA 2.0: Traditional Financial Institutions vs. Crypto-Native Underdogs If RWA 1.0 was about bringing real-world assets onchain, I believe RWA 2.0 is about using tokenized assets for financial services such as collateralized lending and liquidity provision. Now, traditional financial institutions like BlackRock, JPMorgan, and Franklin Templeton are entering the market, putting them in direct competition with crypto-native underdogs like Ondo, Centrifuge, and Morpho. Traditional financial institutions have enormous capital, established client networks, and financial licenses, while crypto-native projects have been pioneering the market by building onchain financial infrastructure. It will be interesting to see who ultimately controls the core infrastructure of the RWA financial market as these players compete and collaborate. 3. Could RWA and Privacy Grow Together? I believe privacy will become increasingly important as institutions enter onchain RWA markets. Imagine an institution managing hundreds of millions of dollars in tokenized Treasuries or equities. If wallet balances, counterparties, and collateral positions are publicly visible, competitors could analyze that information, infer trading strategies, and potentially trade ahead of them. In traditional financial markets, this kind of information isn't publicly available. For institutions to adopt onchain finance at scale, they will need technologies that protect sensitive transaction information while allowing necessary disclosures to regulators. @zama 's Confidential Vault Stack, introduced during TOKEN2049 week, is one approach to addressing this challenge. @analog_kyle For example: Allocators: Keep their investment sizes and positions confidential. Curators: Manage vaults while keeping the public aspects of their investment strategies visible. Auditors / Regulators: Access necessary information based on their permissions. The key isn't to make every transaction anonymous, but to control who can access which information. This would allow institutions to protect their investment positions from competitors while still providing the information required for regulatory compliance and audits. From this perspective, I believe FHE infrastructure like Zama could potentially benefit indirectly from the growth of the RWA market.

KBW Recap 🇰🇷 A few observations from this year's Korea Blockchain Week after speaking with institutions, VCs, project founders, and whales. 🇰🇷 1. The Decline of Korea's Crypto Market The two biggest reasons global crypto projects come to Korea are its active retail investors and the opportunity to get listed on Upbit and Bithumb. Korea has long been one of the most influential retail-driven crypto markets, with many global projects allocating significant marketing budgets to build Korean communities. But this year felt very different. Government regulations, restrictions, and uncertainty surrounding crypto taxation have been putting pressure on Korea's retail market. 2025: Upbit daily volume : $1B for a single token / $15B total 2026: Upbit total daily volume : $800M The difference was also noticeable at KBW. 2025: ~30,000 attendees / ~400 side events 2026: ~12,000 attendees / ~190 side events Based on these figures, both attendance and side events declined by more than 50% year over year. Entering the Korean market requires significant investment from global projects. If retail liquidity continues to decline, there will be fewer reasons for them to allocate resources to Korea. I believe this could create a vicious cycle, where declining interest from global projects leads to weaker local communities and a shrinking domestic crypto ecosystem. 🏦 2. Retail Is Slowing Down, but Institutional Interest Is Growing One of the most noticeable changes at this year's KBW was the increased participation of Korean securities firms and traditional financial institutions. In the past, KBW was largely dominated by crypto-native projects, VCs, and KOLs. Now, traditional financial institutions are actively participating and exploring how blockchain can be integrated into their existing financial businesses. RWA, stablecoins, and digital asset custody were among the areas attracting the most attention. KakaoBank: Exploring KRW stablecoins for payments and remittances GiwaChain: L2 blockchain infrastructure for financial institutions and enterprises Meritz Securities: Exploring digital asset financial infrastructure, tokenized securities, and custody opportunities Mirae Asset: Tokenization of financial products such as MMFs and on-chain asset management I believe Korea's next phase of crypto growth could increasingly come from institutional financial infrastructure rather than retail trading alone. 📈 3. PerpDEX Hosted Some of the Most Popular Side Events During KBW = @reboundx_net ( @magonia_B ) & @joinfrontier Compared with Western markets, PerpDEX was one of the most prominent sectors at KBW side events this year. It seemed to be gaining particularly strong traction in Korea and across Asia, where trading-focused crypto communities are highly active. According to CoinGecko, PerpDEX's share of total perpetual futures trading volume grew from around 2% in early 2024 to approximately 10% in January 2026. Trading competitions are increasingly becoming like esports events, with spectators getting just as excited as the traders themselves. Korean exchanges don't offer leveraged futures trading, while PerpDEX platforms are expanding into traditional assets such as Samsung Electronics, SK Hynix, oil, and the Nasdaq. As a result, retail traders are becoming more active on global PerpDEX platforms than on Upbit or Bithumb. On top of that, demand for non-KYC trading and self-custody is also growing. 🤖 4. One Project That Stood Out: @0G_labs One of the projects that left a strong impression on me at this year's KBW was 0G Labs. Even after its TGE and listings on Korean exchanges, 0G Labs continued to show its commitment to the Korean market by participating as a major conference sponsor. Hashed founder @simonkim_nft has shared a similar perspective, and 0g labs CEO @michaelh_0g also shares this vision of an "Agentic Economy." Until now, blockchains have largely been designed around humans holding assets and making transactions. But in the future, we could see an economy where AI agents independently purchase data, use services provided by other AI agents, and pay for them using stablecoins. Perhaps blockchain was originally built for humans, but its most active users may eventually be AI agents. If AI agents begin transacting and interacting with each other at scale, they will need payment systems, data infrastructure, and computing resources to support that economy. I thought this was an interesting perspective on how two of the market's biggest narratives, AI and stablecoins, could eventually come together.

Congrats to @NATIXNetwork A six-figure deal. This could be the first sign that NATIX can supply data to countless Physical AI companies without their own data collection infrastructure. As more AI companies emerge, projects like NATIX will finally get their chance to shine. $NATIX up 150% in just one month. Plz make dip wanna add to my bag😂

personal education agents: $EDU