No Slow Fade—Only a Sheer Cliff On 5 August 2025, a pink-knit beanie goes under the hammer. It is neither a luxury artifact nor a museum piece; it is the trademark hat of Dogwifhat (WIF), the Shiba Inu that once ruled Crypto Twitter. In November 2024 the hat still symbolised a forty-billion-dollar meme-coin empire. The community even raised nearly US$700 k to beam the image onto the Las Vegas Sphere. Three months earlier, on 18 March 2024, the very same “hat dog” was minted as an NFT on Found...

No Slow Fade—Only a Sheer Cliff On 5 August 2025, a pink-knit beanie goes under the hammer. It is neither a luxury artifact nor a museum piece; it is the trademark hat of Dogwifhat (WIF), the Shiba Inu that once ruled Crypto Twitter. In November 2024 the hat still symbolised a forty-billion-dollar meme-coin empire. The community even raised nearly US$700 k to beam the image onto the Las Vegas Sphere. Three months earlier, on 18 March 2024, the very same “hat dog” was minted as an NFT on Found...

1. Welcome to the Meme Wars If you don’t know what psychological operations (“psy-ops”) are, congratulations—you’ve been manipulated your entire adult life. Crypto marketing is no longer about banner ads; it’s an all-out war where narratives are weapons and attention is ammunition. Every announcement, partnership, or controversy is a battle for mind-share. The winners don’t just ship code—they choreograph belief.2. Case Study #1: Kalshi Invades Crypto Kalshi needed a way to siphon attention f...

1. Welcome to the Meme Wars If you don’t know what psychological operations (“psy-ops”) are, congratulations—you’ve been manipulated your entire adult life. Crypto marketing is no longer about banner ads; it’s an all-out war where narratives are weapons and attention is ammunition. Every announcement, partnership, or controversy is a battle for mind-share. The winners don’t just ship code—they choreograph belief.2. Case Study #1: Kalshi Invades Crypto Kalshi needed a way to siphon attention f...

OKX announced multiple product upgrades at its Alphas Summit, accelerating its CeDeFi strategy and transitioning the centralized exchange into a comprehensive financial services hub. Enhancing Capital Efficiency The newly launched Auto Earn feature allows idle assets in user trading accounts to be automatically lent out or staked on-chain, enabling simultaneous trading and yield generation. Supported assets include USDT, USDC, ETH, and SOL. Concurrently, the VIP Membership Program provides ti...

OKX announced multiple product upgrades at its Alphas Summit, accelerating its CeDeFi strategy and transitioning the centralized exchange into a comprehensive financial services hub. Enhancing Capital Efficiency The newly launched Auto Earn feature allows idle assets in user trading accounts to be automatically lent out or staked on-chain, enabling simultaneous trading and yield generation. Supported assets include USDT, USDC, ETH, and SOL. Concurrently, the VIP Membership Program provides ti...

1. Core Design: Who Sets the Price and Who Suffers the Loss?DimensionCasinoPrediction MarketPrice setterHouse (bookmaker)All tradersCounter-partyHouse vs. youYou vs. another userRisk bearerHouseNo central bearer; platform is broker onlyRevenueHouse-edge (2 %–10 %)Trading fee (0.1 %–2 %)Casino example – World Cup “Brazil wins”Stake $100 at 1.95 odds.Brazil wins → you collect $195; house loses $95.Brazil loses → house keeps $100.House needs complex models, limits, early cash-out tools to stay p...

1. Core Design: Who Sets the Price and Who Suffers the Loss?DimensionCasinoPrediction MarketPrice setterHouse (bookmaker)All tradersCounter-partyHouse vs. youYou vs. another userRisk bearerHouseNo central bearer; platform is broker onlyRevenueHouse-edge (2 %–10 %)Trading fee (0.1 %–2 %)Casino example – World Cup “Brazil wins”Stake $100 at 1.95 odds.Brazil wins → you collect $195; house loses $95.Brazil loses → house keeps $100.House needs complex models, limits, early cash-out tools to stay p...

1. Same Factory, New Takt Time: From Idea to TGE in Six Months In 2021 the playbook was: ship a product, grow users for a year, then list. In 2025 the cycle is compressed to

1. Same Factory, New Takt Time: From Idea to TGE in Six Months In 2021 the playbook was: ship a product, grow users for a year, then list. In 2025 the cycle is compressed to

How to Read This ReportWe rank every project across six quantitative lenses:Mind-share – % of total social mentions inside the narrativeMarket Sentiment – bullish vs. bearish tone in recent postsSmart-Follow Score – how many top-500 CT accounts follow the tickerTop Performers – 7-day & 24-hour price leadersMind-share / FDV – attention divided by fully-diluted value (cheap buzz?)Funding Rate – perpetual-swap bias (long or short overcrowded?)1. DeFAI (AI × DeFi)Mind-share$GRIFT 86.84 % (Twitter...

How to Read This ReportWe rank every project across six quantitative lenses:Mind-share – % of total social mentions inside the narrativeMarket Sentiment – bullish vs. bearish tone in recent postsSmart-Follow Score – how many top-500 CT accounts follow the tickerTop Performers – 7-day & 24-hour price leadersMind-share / FDV – attention divided by fully-diluted value (cheap buzz?)Funding Rate – perpetual-swap bias (long or short overcrowded?)1. DeFAI (AI × DeFi)Mind-share$GRIFT 86.84 % (Twitter...

An era has quietly come to an end. Wallets, as standalone products, seem to have reached their twilight. Struggling with profitability, they are increasingly being acquired or integrated by centralized exchanges (CEXs) or traditional fintech giants, becoming mere components of larger ecosystems—such as stablecoin payments—rather than the focal point of industry development.The Decline of Standalone WalletsFor entrepreneurs in the space, persistence has become a virtue in itself. The goal? Sur...

An era has quietly come to an end. Wallets, as standalone products, seem to have reached their twilight. Struggling with profitability, they are increasingly being acquired or integrated by centralized exchanges (CEXs) or traditional fintech giants, becoming mere components of larger ecosystems—such as stablecoin payments—rather than the focal point of industry development.The Decline of Standalone WalletsFor entrepreneurs in the space, persistence has become a virtue in itself. The goal? Sur...

I. RWA: The Golden Handcuffs of Real-World Compliance Tokenising real-world assets (RWA) is the industry’s most self-evident narrative: put equity, debt, real estate or infrastructure cash-flows on-chain, embrace regulation, serve the real economy. Ant Group’s pilot that turned EV-charging revenue into tokens was hailed as proof that blockchain could slash financing costs. Yet the promise of “real value” is exactly what rivets on the first pair of shackles. A tokenised deed is not a deed in c...

I. RWA: The Golden Handcuffs of Real-World Compliance Tokenising real-world assets (RWA) is the industry’s most self-evident narrative: put equity, debt, real estate or infrastructure cash-flows on-chain, embrace regulation, serve the real economy. Ant Group’s pilot that turned EV-charging revenue into tokens was hailed as proof that blockchain could slash financing costs. Yet the promise of “real value” is exactly what rivets on the first pair of shackles. A tokenised deed is not a deed in c...

Light #1 – The Team Won’t Stop Trash-Talking Remember Do Kwon’s 2022 tweet: “I will personally destroy DAI.” UST imploded weeks later; DAI is still alive and well. Arrogance is the canary in the coal-mine.Protocols that spend more energy attacking rivals than fixing bugs usually have bugs they can’t fix.Healthy founders ship, not sling mud. If the CEO’s timeline reads like a wrestling promo, your money is already on the ropes.Light #2 – Founders Turn Into Lifestyle Influencers Dubai yacht tod...

Light #1 – The Team Won’t Stop Trash-Talking Remember Do Kwon’s 2022 tweet: “I will personally destroy DAI.” UST imploded weeks later; DAI is still alive and well. Arrogance is the canary in the coal-mine.Protocols that spend more energy attacking rivals than fixing bugs usually have bugs they can’t fix.Healthy founders ship, not sling mud. If the CEO’s timeline reads like a wrestling promo, your money is already on the ropes.Light #2 – Founders Turn Into Lifestyle Influencers Dubai yacht tod...

Key FindingsAccording to a groundbreaking study by Flashbots data analyst danning (arXiv:2507.13023), the profitability of MEV arbitrage bots in CEX-DEX markets reveals:Overall Profit Scale19 leading arbitrage bots over 19 months:Total trading volume: $241 billionGross profits: $233.8 millionNet earnings: $90.1 million (after paying $143.7 million to block builders)Average profit margin: 38.5%Market ConcentrationThe CEX-DEX arbitrage market shows "high monopolization", dominated by top MEV bo...

Key FindingsAccording to a groundbreaking study by Flashbots data analyst danning (arXiv:2507.13023), the profitability of MEV arbitrage bots in CEX-DEX markets reveals:Overall Profit Scale19 leading arbitrage bots over 19 months:Total trading volume: $241 billionGross profits: $233.8 millionNet earnings: $90.1 million (after paying $143.7 million to block builders)Average profit margin: 38.5%Market ConcentrationThe CEX-DEX arbitrage market shows "high monopolization", dominated by top MEV bo...